New England Properties

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

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

Home prices in Orleans on average are falling! Home prices have fallen 13.5% since June of 2009.

However, the current average listing price of homes for sale in Orleans MA is $851,952, up 5.4% from a month ago. Compare this to the current median sales price of $385,000 - where half of sales are above this amount and half below it.

2 and 3 bedroom homes are selling for less compared to a year ago. 2 bedroom homes are down 7.0% while 3 bedroom homes are down 17.8%. Below is a chart of the trend of median prices of homes for sale in Orleans MA over the last 5 years through June 2010:


While cyclical, the number of sales of 3 bedroom homes in Orleans MA has risen in recent months while sales of 2 bedroom homes are generally flat:


So what does all this mean? Well, if you're looking for a home in the town of Orleans, you may be able to find a bargain. While sales are overall are relatively flat over the last 5 years, prices of homes are down 11% of what they were 5 years ago.

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 22 2010 08:22AM

Update on Home Sales in Orleans MA Through March 2010

Update on Home Sales in Orleans MA Through March 2010

According to Trulia.com, sales prices of homes in Orleans and have fallen 9.0% over the past year, but have increased 6.9% over the past 5 years. The current average listing price of homes for sale in Orleans, MA is $769,841, while the current median sales price is $481,000.

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 Orleans, MA, in the past year through March 2010:


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


If you're looking to buy a home or condo in Orleans 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 • April 26 2010 11:56AM