When it comes to reporting the Real Estate activity numbers, I report on the single-family homes most of the time. Rarely reporting on the Condominium numbers. Mainly because there is so little activity here in the upper valley. It is not so much that there is little interest, because there is, but more because there are fewer condominium developments than in the lower valley.
To put this into perspective, condominium sales were up 28% in Pioneer Valley, with 706 sold in 2020 to 908 in 2021 through November. Only 27 of those sales came from Franklin County, a 22% drop from 2020, where 35 sold. Hampshire County sold 316 in 2021, a 46% increase over 2020 with 216 sold.
Pending sales through November again show an increase of 26% in Pioneer Valley, with 971 under agreement. Franklin County again was down 11%, with 32 in 2021 and 36 in 2020. Hampshire County had 339 in 2021 and 242 in 2020, a 40% increase.
New Listings show a similar story. Franklin County had 32 New Listings from Jan 1 - Nov 30 in 2021 a drop of 20% from 40 in 2020. Hampshire County 360 in 2021 compared to 278 in, 2020 a 29% increase. While the Pioneer Valley as a whole looked great with a 21% increase with 1019 in 2021 compared to 837 in 2020.
Though the volume was down in Franklin County, the median price increased slightly from $187,000 in 2020 to $190,000 in 2021. Hampshire County $230,000 to $245,0000. List to sale price is hanging around 100% throughout the Valley.
Condominiums continue to be in demand. We just need more of them in the Upper Valley.
Data source Massachusetts Association of Realtor and MLSPIN