Salem, MA

Salem MA Condos Market Report - YTD (10/31/2009)

There were 214 condos sold YTD in Salem, MA with an average sales price of $226,645. The selling range was a low of $25,000 and a high of $470,000.

The number of units sold decreased from 229 to 214 since 2008.

Virtual Homes Real Estate provides search tools to asist you in learning about the community, listing and market conditions. Click on the following links for your choice of services.

Salem MA Real Estate - Community, relocation and school information with town demographics.

Salem MA Foreclosures - Obtain a list of foreclosed and bank owned real estate and short sales

Salem MA MLS Search - View all listings in the statewide MLS.

Salem MA Homes for Sale - Map Search - Search by location, neighborhood and commuting.

This report is based on activity reported from the MLSPin MA MLSl system and is not guaranteed to be accurate. It does not represent all of the listings that have sold during the specified time frame.

Vist NH Homes for Sale and MA Homes for Sale for direct MLS access to all listings. To obtain school, demographic, commuting, relocation, home buying and selling information go to New Hampshire real estate, Massachusetts real estate, Connecticut real estate, Maine real estate and Rhode Island real estate. For information regarding foreclosures visit Massachusetts foreclosures, New Hampshire foreclosures and Connecticut foreclosures.

Thinking of relocating back to Mass, Well You are not alone. The trend now is returning to the home State, Florida used to have 10.000 plus people moving into the State a week, Now that trend has reversed, twice as many people are leaving than are arriving, Where are the going---the answer is back home or at least to the area they know, WHY--Because they can buy more house for the money, for example when they sold up to 4 years ago they sold for top dollar, now when they come back they can find deals with up to 50% of the sale price from the time they left, this of course equals a gain. Also there is no capital gains Tax to worry about as you only have to live in the home you own for 2 out of 5 years to take advantage of this tax break. Also another big reason Baby Boomers are returning is lifestyle, they are on average more healthy, more robust, and want a more active lifestyle,

What do you think?

I know ---as I am one of the later boomers and found I can have the best lifestyle by returning north, and a major plus is I get to see family.

The amount of competing inventory affects a property's price.

If there is a lot of competing inventory, then pricing will be lower than if there is little competing inventory.

The report shows the number of months it will take to sell off the current inventory of active listings if the rate of sale remains constant.

This report, downloaded from our regional MLS, shows the amount of properties for sale in the various price bands and the likely amount of time it will take for a property to sell if the rate of sales remains constant: Please mote - DOM means Days On Market