Your Real Estate Market Report

Hingham's Real Estate Sales Data: January - September 2010 and 2011

Well, the sales numbers are, on the surface, not very pretty. But I do urge you to read through to the end for some rays of light.

The value of all homes and condos sold in the first nine months of the year fell from 2010's $152.2 million to $132.9 million in 2011. Average selling prices dipped as well from $728,527 to $710,732. Total properties sold also fell from 209 in 2010 to 187 this year.

So, where's the good news?  Well, as they say the devil is in the details. Let's look more deeply.

Selling Prices from $0 - $499,999
Number of properties sold plumeted by 24%, the value of these homes sunk 25% and the average selling price slipped a bit, by 2%. Not encouraging.

Selling Prices from $500,000 - $699,999 (Hint: here's the good news!)
The number of properties sold rose by 5% and the value of these sales also rose by 6%. The average selling price went up by 1%. So, homes in the lower end of the middle of the market did quite well in a difficult period.

Selling Pricesfrom $700,000 - $999,999
Total properties sold dropped by 14% and the value of these homes was even worse with a 16% decline. The average selling price slipped by 2% as well.

Selling Prices over $1 million
Total homes sold at the top of the market slipped by 5% but the value of these homes fell by 16% and the average selling price was off by 12%.

For the detailed data behind these figures or to discuss any real estate questions, drop me a note.