New England Properties

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

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

Home prices in Hanover on average are rising! Home prices have risen 2.3% since July of 2009.

The current average listing price of homes for sale in Hanover MA is $542,289, down 3.2% from a month ago. Compare this to the current median sales price of $379,500 - where half of sales are above this amount and half below it.

Prices of 2 bedroom homes are down from year ago levels while prices of 3 and 4 bedroom homes are up. Prices of 2 bedroom homes are down 13.5% while prices of 3 bedroom homes are up 2.4% and 4 bedroom homes are up 35.8% from year ago levels. Below is a chart of the trend of median prices of homes for sale in Hanover MA over the past 5 years through July 2010:


Although cyclical, the number of sales for all homes have been fairly flat over the past 5 years:


So what does all this mean? Well, if you're looking for a home in Hanover, you can probably find a bargain. Still, lowball offers won't cut it in a market like this. Sellers aren't in control of the market either, so both buyers & sellers should be reasonable when negotiating.

You can still buy a home with no money down with a VA Loan or with a USDA Rural Development Home Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing loan, you can purchase a home with as little as 3.0% down. When you're ready to buy a home, find out how much house you can afford to buy in Hanover or in the surrounding area.

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 Hanover or in the surrounding area. 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 • August 20 2010 09:27AM

Trend in Home Sales in Hanover MA Through May 2010

Trend in Home Sales in Hanover MA Through May 2010

According to Trulia.com, sales prices of homes in Hanover have increased 11.1% over the past year through May 2010, but have depreciated 16.4% over the past 5 years. The current average listing price of homes for sale in Hanover MA is $567,407, while the current median sales price is $388,950.

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 prices of homes for sale in Hanover MA over the past 5 years


Below is a chart of the trend in home sales in Hanover MA over the past 5 years through May 2010:


If you're looking to buy a home or condo in Hanover MA 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

0 commentsLew Corcoran • June 10 2010 02:04PM