The Real Estate Market in Hingham MA
With the year coming to a close it’s easy to see how the Hingham real estate market has fared. And year to date, it has been a great one!
As of the end of the 3rd quarter there were 99 single family homes on the market with an average asking price of $1.273m. This is an increase in the supply by 10 houses over last year at the same time with a decrease in the average sale price over the same period of time. The single family homes on the market at the end of September in 2016 had an average asking price of $1.317m.
In the first 3 quarters in 2017 there were 191 houses sold. A figures which is nearly unchanged from the 190 homes in Hingham that were sold by this time in 2016. There was a 14.2% year over year increase in the average home sales price which is currently at $959,032 in 2017 vs. $823,652 in the first 9 months of 2016.
Market Trends in Hingham
Current market trends for 2017 put seller’s average asking price at $993,873 vs. the $850,276 in 2016. The average days on market saw a drastic decrease from 83 days on market in 2016 to 65 days on the market for the first 3 quarters of 2017. The list to sale price ratio saw a slight decrease to 96.49% in 2017 vs. the 96.86% in 2016.
Hingham Real Estate Statistics
Back Bay Brownstones for Sale in the Greater Boston Area
Brownstones are essentially townhomes found in the New York City and Boston real estate markets. These lavish and elegant properties can also be found across New England and other urban areas.
Known for their reddish-brownish brick exteriors, Boston brownstones offer a combination of fine home and apartment living. The units are considered row houses - and are constructed from brownstone and other durable materials.
Each brownstone townhome features shared walls and a uniform outside appearance. They are almost always multiple stories tall - but rarely go higher than four stories.
Brownstones also have flat roofs - which may or may not include gardens and decks. The property line for most brownstones usually goes up as close to the street as well.
Back Bay Brownstones in Boston
Back Bay Brownstones in Boston continue to soar in popularity. In fact, these neighborhoods are some of the most desirable areas across the nation. With traditional and vintage to contemporary doors, Boston Brownstones feature unique architectural elements and highly visible windows.
Nearly all Boston brownstones also have cozy fireplaces, spacious closets and ample storage room. These units also offer more space than your average urban apartment - giving you the more the feeling of living in a house than an apartment. Most Brownstones have been updated to include all the latest...
About Hingham MA
Hingham, MA provides a convenient location for those looking to live in the Boston area, but not in the big city. It's a small town with a quaint feel and plenty of history. There are plenty of things to do, places to see and the shopping is some of the best in the South Shore area. Living here provides the opportunity to enjoy the big city amenities with a small town, quiet atmosphere to call home.
Get To Know Hingham MA
As a part of the metropolitan Greater Boston area, Hingham is located on the South Shore in Plymouth County. It's home to around 23,000 residents and provides a deep colonial history.
Hingham MA is found along the Boston Harbor and Hingham Bay leads to a harbor, as well. Weir River separates the town from Hull and many other rivers and ponds are found throughout. The town also includes a public beach along the harbor and a marina along Weymouth Back River.
One of the main features of the area is Wampatuck State Park, which actually spreads into Norwell, Cohasset and Scituate. Many other conservation areas are also found throughout Hingham including a portion of the Boston Harbor Islands National Recreation Area including Langlee Island, Sarah Island, Bumpkin Island, Button Island and Ragged Island.
History of Hingham MA
Known as Bare Cove when it was first settled, Hingham was colonized by the English back in 1633. Two years later it was incorporated and became the town of Hingham. Until 1803, the town was a part of Suffolk County, but became a part of Plymouth County in 1803. In 1770, the eastern portion of...
Everything You Need To Know About Homeowner’s Insurance
So you’re either looking at buying a home, or you have just purchased one. If you’re going through a mortgage company, it’s almost guaranteed that you’re going to be required to get homeowner’s insurance coverage for the full value of your home in order to be approved for the mortgage.
What Does Homeowners Insurance Cover?
So what exactly is it? Homeowner’s insurance protects you in the instance of damage to the interior and exterior of your home, as well as the loss or damage of your personal possessions. Homeowner’s insurance can also cover personal liability for damage or injuries caused by your or your household.
Types of Homeowners Coverage
In the United States, there are eight standard types of homeowner’s insurance, from HO-1 to HO-8. These types of insurance offer different levels of protections, and homeowner’s choose which based on the type of home and what they need.
Insurance typically covers three levels:
- Actual cash value
- Replacement cost
- Extended replacement cost
Actual cash value is the standard, it covers the value of the house and your belongings after depreciation. Replacement cost is the next level up—you get actual cash value without deducting the depreciation. Extended replacement cost is comprehensive, which covers the entire cost of repairing or rebuilding up to a maximum (usually 20% over your policy limit).