Scituate is Moving!

Okay, I know I haven't blogged in awhile.... Truth is, for a good reason. I've been too busy! Our local market has been very hot. The $8,000.00 tax credit has definitely come into play. The inventory of homes in the 300s - 400s has been moving for a few weeks. This has prompted a "trickle up" effect - homes in the 500s - 600s have started to move.

I was skeptical at first. How could first time buyers afford homes in this price range? But, sure enough. In checking with other agents, roughly 75% of these buyers are indeed, first time buyers.

Where are the sellers going? Why, Scituate, of course! The "Scituate Scramble" is on! I've have seen first-hand these sellers scrambling all over town to find their perfect moving up house.

This is usually the time when the market begins to slow into a summer lull. I don't think that will happen this year. With the November 30th deadline, we will probably be busy all the way through the 3rd quarter.

For the stat lovers:

158 Single Family homes currently Active - 15 currently have accepted offers.
30 Single Family homes are in escrow. A very good number. The average list price of these homes is $548,000.00 and the days on market average is 126 - we usually average 150 days....

All good indications that keep me hopeful. I am already anticipating that the beach will not see me much this summer ;)