New England Properties

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

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

Home prices in Chatham on average are rising! Home prices have risen 60.7% since June of 2009.

The current average listing price of homes for sale in Chatham MA is $1,610,497, down only 0.4% from a month ago. Compare this to the current median sales price of $677,500 - where half of sales are above this amount and half below it.

2 bedroom homes are selling for less compared to a year ago, but 3 and 4 bedroom homes are rising in price. Most notably, 4 bedroom homes are up 186.6% and 3 bedroom homes are up 13.6%, while prices of 2 bedroom homes are down 45.8% since the same time last year, Below is a chart of the trend of median prices of homes for sale in Chatham MA over the last 5 years through June 2010:


While cyclical, the number of sales of all homes in Chatham MA in general have been flat over the last 5 years:


So what does all this mean? Well, if you're looking for a home in the town of Chatham, you better not mess around too much. While sales are overall are relatively flat, prices of 3 and 4 bedroom homes are climbing.

Still, sellers aren't in control of the market, so both buyers & sellers should be reasonable 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. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.

 

 

Lew Corcoran
Licensed Real Estate Professional

Best Choice Real Estate Services
133 Turnpike St, South Easton, MA 02375
Phone Toll-Free: (800) 984-3341

Serving Easton MA and the Surrounding Area

 

Search the MLS for:

Homes for Sale | Homes for Rent

Short Sales (Pre-Foreclosures)

Government and Bank Foreclosed Homes for Sale

Learn how to Avoid Foreclosure with Home Rescue Plans

Get the latest Easton MA Real Estate Market News

0 commentsLew Corcoran • July 21 2010 10:11AM

Update on Home Sales in Chatham MA Through March 2010

Update on Home Sales in Chatham MA Through March 2010

According to Trulia.com, sales prices of homes in Chatham and have fallen 29.7% over the past year, and have fallen 40.8% over the past 5 years. The current average listing price of homes for sale in Chatham, MA is $1,506,158, while the current median sales price is $421,500.

The median sales price is the price at which one half of the homes sold above that amount, and one half of the homes sold below that amount. Below is a chart of the trend of median sales prices of homes in Chatham, MA, in the past year through March 2010:


Below is a chart of the trend of home sales in Chatham, MA, in the past year through March 2010:


If you're looking to buy a home or condo in Chatham or in the surrounding area, then search the MLS.

 

Lew Corcoran
Licensed Real Estate Professional

Best Choice Real Estate Services
133 Turnpike St, South Easton, MA 02375
Phone Toll-Free: (800) 984-3341

Serving Easton MA and the Surrounding Area

 

Search the MLS for:

Homes for Sale | Homes for Rent

Short Sales (Pre-Foreclosures)

Government and Bank Foreclosed Homes for Sale

Learn how to Avoid Foreclosure with Home Rescue Plans

Get the latest Easton MA Real Estate Market News

4 commentsLew Corcoran • April 23 2010 05:19AM