Melrose Real Estate Market Updates

Snapshot of Melrose Real Estate Market

Single Family 

• # of Listings: 43
• Avg. Living Sq. Ft: 2,470.16
• Avg. List$: $560,184
• Avg. List$/Sq. Ft: $242
• Avg. Days on Market: 60.51

Condominium

• # of Listings: 12
• Avg. Living Area Sq. Ft: 1,053.50
• Avg. List$: $284,200
• Avg. List$/Sq. Ft: $280
• Avg. Days On Market: 57.17

• # of Listings: 5
• Avg. Living Area Sq. Ft: 5,610.60
• Avg. List$:$ 1,359,940
• Avg. List$/Sq. Ft:  $201
• Avg. Days On Market:  95.40

Mortgage Rates

According to the Freddie Mac survey, average mortgage rates increased for the week ending Thursday Sept 5, 2013. The average 30 year mortgage was increased from 4.51% to 4.59%, and the average 15 year mortgage increased from 3.54% to 3.59%

Mortgage rates one year ago were 3.55% and 2.86% for the 30-year and 15-year fixed mortgages.

Paul Weston is Broker/Owner of Paul Weston Real Estate, a full service Real Estate Office serving Malden, and the Greater Boston and North Shore areas of Massachusetts

Follow me on Twitter: @PH_Weston

Facebook Page: Paul Weston Real Estate

Website: www.paulwestonrealestate.com