by Mike Ballow
Happy New Year!!! My market update for the 4th quarter of 2013 saw increases in the sales prices across the board for all residential housing sectors. The number of units sold however saw decreases on both single family and multi-family homes with a slight positive change on the number of condos sold within the same period. As we're into the deep of the winter there have not been a tremendous number of homes coming onto the market. This of course is a typical situation and as we know spring is just around the corner! Plus, pitchers and catchers for the Boston Red Sox report to spring training on February 15, 2014.
Interest rates continue to be in the low 4% range but the feeling from the mortgage professionals is that we will see an increase in rates in the latter part of 2014. With that said, if you are on the fence, now is a great time to get yourself preapproved and to start watching what new inventory comes onto the market. You have to be prepared and ready to write an offer even before finding the right property. Contact me and I'll put you in contact with a mortgage professional who will get your preapproval together.
The data below is compiled from theMLS Property Information Network for the 4th quarter of 2013. If you'd like to see the market data for your particular community in Massachusetts please send me an email and I'd be happyto prepare it for you.
Use the following links to view single family homes, multi-family homes, and condominiums that are currently for sale inTaunton, MA. As always, if you have ANY real estate related questions or needs, please feel free to give me a call!
Single Family Homes in Taunton, MA for the period October 1, -December 31, 2013
| Price Range | # of listings | Avg. Days on market | Average Sale Price | Average List Price | SP:LP Ratio | Average Orig Price | SP:OP Ratio |
| $50,000 - $99,999 | 5 | 55 | $82,300 | $91,620 | 90 | $95,620 | 87 |
| $100,000 - $149,999 | 9 | 107 | $126,289 | $127,328 | 100 | $138,817 | 92 |
| $150,000 - $199,999 | 12 | 57 | $173,775 | $179,846 | 97 | $184,013 | 96 |
| $200,000 - $249,999 | 22 | 89 | $224,739 | $228,230 | 99 | $241,257 | 94 |
| $250,000 - $299,999 | 16 | 109 | $272,269 | $279,188 | 98 | $289,544 | 94 |
| $300,000 - $349,999 | 11 | 143 | $329,159 | $331,264 | 99 | $311,446 | 120 |
| $350,000 - $399,999 | 7 | 68 | $367,771 | $354,900 | 104 | $356,329 | 104 |
| $400,000 - $449,999 | 1 | 63 | $415,000 | $439,900 | 94 | $439,900 | 94 |
| Total Properties | 83 | Avg. 93 | $235,471 | $238,775 | 98 | $243,808 | 98 |
Multi-Family Homes in Taunton, MA for the period October 1, -December 31, 2013
| Price Range | # of listings | Avg. Days on market | Average Sale Price | Average List Price | SP:LP Ratio | Average Orig Price | SP:OP Ratio |
| $100,000 - $149,999 | 6 | 90 | $121,567 | $125,767 | 97 | $125,767 | 97 |
| $150,000 - $199,999 | 5 | 58 | $175,002 | $178,660 | 99 | $176,480 | 100 |
| $200,000 - $249,999 | 8 | 40 | $231,100 | $237,588 | 97 | $239,075 | 97 |
| $250,000 - $299,999 | 3 | 61 | $269,500 | $301,583 | 89 | $311,583 | 87 |
| Total Properties | 22 | Avg. 60 | $193,714 | $202,425 | 97 | $203,834 | 96 |
Condominiums in Taunton, MA for the period October 1, - December, 31 2013
| Price Range | # of listings | Avg. Days on market | Average Sale Price | Average List Price | SP:LP Ratio | Average Orig Price | SP:OP Ratio |
| $50,000 - $99,999 | 4 | 76 | $72,800 | $80,650 | 90 | $90,050 | 83 |
| $100,000 - $149,999 | 9 | 129 | $117,989 | $122,789 | 97 | $125,300 | 95 |
| $150,000 - $199,999 | 8 | 79 | $177,800 | $181,163 | 98 | $188,663 | 95 |
| $200,000 - $249,999 | 5 | 60 | $209,437 | $214,340 | 98 | $227,160 | 93 |
| Total Properties | 26 | Avg. 92 | $147,026 | $151,873 | 96 | $158,962 | 93 |
