2019 Real Estate Market Wrap Up - Cohasset / Hingham / Hull / Scituate
2019 is in the rearview. So what did the real estate market do?
Hi, I am Jeff Chubb and here is the 2019 Real Estate Review for Cohasset, Hingham, Hull and Scituate.
Let’s start with the Cohasset market. Sales in Cohasset for 2019 were down 3.17% from 126 sales in 2018 to 122 sales in 2019. Not a huge movement in the number of houses, but none the less. Sales were down. The average sale price in Cohasset was down 3.17% as well year over year with an average sale price of $1,124,379 vs 1,161,208 in 2018. Inventory at the end of December in Cohasset is down 17.14% with 29 Single Family homes available to buyers to start the New Year.
Cohasset was the only town that we will be looking at that had depreciation in 2019.
In Hingham, sales were down 4.64% to 267 closed units in 2019. The average sales price was up 2.91% to $986,030. Inventory for the year ended down 21.15% with 41 Single family homes available to buyers looking to make a move in the beginning of the New Year.
Hull is the only market where the amount of sales increased year over year. In Hull, sales increased 15.33% to 158 Single Family homes selling 2019. The average sales price was up 5.86% to $521,170. Meanwhile the increase in sales put additional inventory pressure on the market with available Single-Family inventory down 47.37% to 20 Single Family homes available to start 2020.
In Scituate sales were down 1.38% to 286 Single Family homes sold in 2019. The average sale price was up 7.93% to $726,256. This is the highest percentage gain of the four towns in 2019. Inventory in Scituate like in every other town is down. There are currently 56 Single Family homes on the market which represents a 11.11 decrease in the available inventory for home buyers to view starting 2020.
Again, I am Jeff Chubb with the Chubb Realty Group. Our philosophy is to Make Moving Easier. So should you have any questions about the current market conditions, or questions about your current home, or are thinking about buying a new one, then please do not hesitate reaching out at 617-480-2600 or by email at [email protected] . We are here to help in anyway possible.