Posted by Jeffrey Chubb on Tuesday, January 14, 2020 at 3:11 PMBy Jeffrey Chubb / January 14, 2020Comment
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...
Posted by Jeffrey Chubb on Tuesday, January 14, 2020 at 3:07 PMBy Jeffrey Chubb / January 14, 2020Comment
2019 is in the rearview. So what did the real estate market do in Massachusetts?
Hi, I am Jeff Chubb and here is the 2019 Real Estate Review for some of the largest cities in the Bay State. We have the data we are sharing for all towns, so if you are specifically wondering how your town held up, then shoot me an email at [email protected]!
The Single-Family market in Massachusetts saw a .50% increase in the amount of homes sold to 52,999 units. The average sale price of $516,843 represented a 3.17% increase year over year. The biggest movement was related to inventory with the amount of Single-Family homes available to buyers decreasing 20.26% year over year to 6,993.
The Massachusetts condo market saw a decrease of .73% to 20,951 units sold. This was coupled with the 10.56% decrease in the number of condos available on the market year over year with 2,542 being available at the end of 2019. Prices for condos increased 4.13% to an average sale price of $521,744.
In Boston, both the Single Family and condo markets saw a decrease in the amount of sales, increase in the average sale price with a decrease in the amount of inventory available to buyers. The Single-Family market saw a 6.10% decrease in sales to 969 units sold in 2019 with an average sales price of $875,086. This accounts for a 5.73% increase in pricing. Inventory in 2019 decreased 28.43% to 73 Single-Family homes currently available.
The Boston condo market had 4,343 sales in 2019 which accounts for a 4.95% decrease in the amount of homes sold. Inventory in the condo market decreased 1.75% to 618 units with the average sales price for sold condos up 5% to $923,010.
