New England Properties: July 2010

The Trend in Home Sales in Cotuit MA - Improving, or...?

The Trend in Home Sales in Cotuit MA - Improving, or...?

Home prices in Cotuit on average are rising! Home prices have risen 15.2% since June of 2009.

The current average listing price of homes for sale in Cotuit MA is $850,247, down 1.7% from a month ago. Compare this to the current median sales price of $355,000 - where half of sales are above this amount and half below it.

However, 3 and 4 bedroom homes are selling for less. Prices of 3 bedroom homes are down only 0.8% while prices of 3 bedroom homes are down by 5.3%. Below is a chart of the trend of median prices of homes for sale in Cotuit MA over the past 5 years through June 2010:


While cyclical, the number of sales have been relatively flat for all styles of homes in the past 5 years:


So what does all this mean? Well, if you're looking for a home in the town of Cotuit, you better not mess around too much. While sales are overall are relatively flat, prices of homes have risen in the past year.

While sellers aren't in control of this market, buyers still should be reasonable in their offers when negotiating. Be sure to contact me, Lew Corcoran, toll free at 1-800-984-3341, when you're looking to get pre-approved for a purchase of your next home in Cotuit or in the surrounding area. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.

 

 

East Bridgewater, MA 02333
Phone: (508) 443-1332

Lew Corcoran, ASP®, IAHSP, IAHSP-CB
Accredited Home Staging Professional
Professional Real Estate Photographer

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Comment balloon 0 commentsLew Corcoran, ASP® • July 30 2010 08:32AM
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