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Medford Real Estate Market – April 2009
Here’s a look at Medford real estate market at the end of April and a review of Medford real estate sales activity in April 2009.
Medford Real Estate - On Market Snapshot
134 residential properties were on the market in Medford on April 30, 2009. Medford is one of the few communities where more property is going off the market than is coming on. The lowest priced property was listed for $125,000, the most expensive for $950,000. Average days on market was 131. The median price of residential property listed for sale was $349,900.
Real Estate Sales in Medford MA in April 2009
35 properties sold (closed) in Medford during April with an average sales price of $315,903. The median sales price was $300,000. Average days on market was 111. Properties sold for an average of 98% of asking price.
16 Medford single families homes sold in April. The least expensive sale was for $105,000. The most expensive house sold for $445,000. The median price for a single family house was $299,950. Average days on market was 121. Houses sold for an average of 96% of asking price.
12 condominium sales closed in April. The least expensive condominium sold for $195,400. The most expensive Medford condo sold in April closed for $570,000. The median condo sales price was $279,450. Condos sold for an average of 96% of the asking price. Average days on market was 117.
7 multi-family sales closed in April. Multi-families sold for an average of 115% of list price! That was because many of the mult-family sales were foreclosures that sold for significantly more than the asking price. The lowest sale price for a multi-family home was $252,000. The highest price paid was $560,000. The median sales price was $333,000. . Average days on market was 78.
Total Medford residential real estate sales volume closed in April was $11,056,600.
Information based on residential sales data in MLSpin
Medford MA Real Estate Market – March 2009
Real Estate Market in Medford MA
March sales figures reflect real estate activity in Medford in January and February because real estate transactions in Massachusetts typically take six to eight weeks from offer to closing. Here are the real estate numbers for Medford, MA in March:
140 residential properties were on the market in Medford on March 31, 2009. The lowest priced property was listed for $125,000, the most expensive for $950,000. Average days on market was 138.
Real Estate Sales in Medford MA in March 2009
30 properties sold (closed) in Medford during March with an average sales price of $310,185. The median sales price was $310,500. Average days on market was 111. Properties sold for an average of 96% of asking price.
11 Medford single families homes sold in March. The least expensive sale was for $155,000. The most expensive house sold for $443,000. The median price for a single family house was $326,000. Average days on market was 106. Houses sold for an average of 96% of asking price.
11 condominium sales closed in March. The least expensive condominium sold for $165,000. The most expensive Medford condo sold in March closed for $380,000. The median condo sales price was $222,250. Condos sold for an average of 96% of the asking price. Average days on market was 120.
8 multi-family sales closed in March. The lowest sale price for a multi-family home was $295,000. The highest price paid was $560,000. The median sales price was $355,000. Multi-families sold for an average of 97% of list price. Average days on market was 108.
Total Medford residential real estate sales volume closed in March was $9,305,550.
Information based on residential sales data in MLSpin
Medford By The Numbers – The Medford Real Estate Market February 2009
The Medford Real Estate Numbers for February 2009:
February sales figures reflect real estate activity in December and January since real estate transactions in Massachusetts typically take six to eight weeks from offer to closing. Here are the numbers for Medford, MA in February:
149 residential properties were on the market in Medford on February 28, 2009. The lowest priced property was listed for $138,000, the most expensive for $995,000. Average days on market was 147.
23 properties sold (closed) in Medford during February with an average sales price of $344,952. The median sales price was $380,650. Average days on market was 62. Properties sold for an average of 98% of asking price.
8 Medford single families homes sold in February. The least expensive sale was for $210,000. The most expensive house sold for $575,000. The median price for a single family house was $317,500. Average days on market was 91. Houses sold for an average of 98% of asking price.
6 condominium sales closed in February. The least expensive condominium sold for $164,000. The most expensive Medford condo sold in February closed for $462,500. The median condo sales price was $278,500. Condos sold for an average of 96% of the asking price. Average days on market was 88.
9 multi-family sales closed in February. The lowest sale price for a multi-family home was $315,895. The highest price paid was $420,000. The median sales price was $345,000. Multi-families sold for an average of 92% of list price. Average days on market was 148.
Total Medford residential real estate sales volume closed in February was $7,706,708.
Information based on residential sales data in MLSpin.
Medford MA Real Estate Market Statistics – January 2009
The Medford Real Estate Numbers for January 2009:
154 properties were on the market in Medford, Mass. on January 31, 2009. The lowest priced property was listed for $138,000, the most expensive for $995,000. Average days on market was 156.
18 properties sold (closed) in Medford during January with an average sales price of $344,952. The median sales price was $380,650. Average days on market was 62. Properties sold for an average of 98% of asking price. Medford single family sales were particularly strong. Read the rest of this entry »
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