Second Quarter Real Estate Sales Still Healthy, Prices Decline
There was a decline in prices in the second quarter of 2011 versus the second quarter of 2010. In 2011, the average list price of a home was $438,145 as opposed to $474,609 in 2010, an 8 percent decrease. The average sale price also declined from $467,333 in 2010 to $423,999 in 2011, or about 10 percent. The average days on market increased to 113 from 82 days in the same quarter a year ago.
The least expensive home to sell in the second quarter was 106 Norland Street, which sold for $187,000. The most expensive home to sell was 55 Linden Street with a sale price of $875,000.
Mortgage rates remain at record lows with rates for a 30-year fixed rate mortgage in the 4.25 to 4.75 range.
There are currently 58 homes available with prices ranging from $144,900 for 375 Washington Street to $1,100,000 for Lot 16 Deer Run. Last year at this time there were 53 homes on the market and 22 with accepted offers. Currently there are 27 homes with accepted offers or purchase and sale agreements signed.
As always we will continue to report quarterly trends to keep Holliston
residents informed about current market conditions. Please email or contact us with any questions about real estate as we are long-time residents of the town.
Miah Kattman Browne & Barbara Kattman
Exceptional Properties Specialists
William Raveis Real Estate
50 Central Street
Wellesley, MA 02482
Miah & Barbara's Direct Line: (508) 960-4048
Barbara's Email: kattmanb@raveisre.com
Miah's Email: brownem@raveisre.com
Web Address: www.raveis.com/kattmanbrowne