Scituate MA Sold Condos Report for May 2011

In May of 2011 there were 2 condos that closed within the month for Scituate Massachusetts. This is a decrease of 2 units, as there were 2 condos that closed in May of 2010.

The Average list price for the condos that closed in Scituate for May of 2010 was $499,450

The Average list price for the condos that closed in Scituate for May of 2011 was $502,400

The Average sale price for the condos that closed in Scituate for May of 2010 was $475,000

The Average sale price for the condos that closed in Scituate for May of 2011 was $475,250

The Average Price Per Square Foot for the condos that closed in Scituate for May of 2010 was $210

The Average Price Per Square Foot for the condos that closed in Scituate for May of 2011 was $321

The Average Market time for the condos that closed in Scituate in May of 2010 was 211 days.

The Average Market time for the condos that closed in Scituate May of 2011 was 179 days.

Scituate MA Condos Under Agreement in May 2011

There are 3 condos under agreement in Scituate Massachusetts in the month of May. The average list price of the condos that went under agreement was $432,967. The average time on the market for these Scituate MA condos was 263 days.

** The above statistics are for Condo Units only and do not include Single Family Homes or Multi-family homes in Scituate Massachusetts.

In comparing year over year longer term data for Scituate MA, there was a trend towards more stability in market values. The average days on the market decreased significantly. First time home buyers and entry level buyer appear to be very active in the market finally taking advantage of some strong values that have been offered by sellers.

Scituate remains an excellent town for both 1st time home buyers as well as those wishing to move up into the mid ranges of the market. The average sales price remains constant, and well priced condos are selling quickly as is evidenced by the lower amount of time on the market. There remain some good buys at most price points with great choices in Scituate Waterfront Homes, Condos for Sale, and Antique Homes to mention a few categories.

Below are market reports single family homes for other towns in the Scituate area:

Markets reports for Cohasset

Market reports for Scituate

Market Reports for Weymouth

Market reports for Hingham

Market reports for Hull

Selling a condo in Scituate Massachusetts or other South Shore Towns is heavily dependant on pricing your condo unit properly and picking an agent that will create an “online market presence” for your home. As a property seller, you need to be aware that the market in Scituate and many other South Shore communities has changed over the last five years. We are no longer in a seller’s market. When selling a condo in Scituate Massachusetts, it pays to have a pro in your corner representing you.

When selling a condo in Scituate MA, it pays to have a pro in your corner representing you. Will your agent dominate Google with an internet presence? Click here to see a brief overview in my online marketing Flip Book Presentation. Here is list of Real Estate interview questions to ask when interviewing your agent, that will help you determine if you are hiring a successful broker or not! Curious about a Scituate MA short sale because you owe more than your home is worth? Go to MassForeclosureHelp.com and get answers to your questions.

About the author: The above Real Estate information about The Scituate MA April 2011 Condo Market Report was provided by Bill Tierney, an internet savvy REALTOR who covers the South Shore real estate market for Virtual Homes Real Estate. Bill can be reached via email at William.Tierney@VirtualHomes.com or by phone at 617-653-1955. Bill has been a licensed real estate agent for over seven years.

Thinking of selling your home or condo? I have a passion for Real Estate and would love to share my marketing expertise! I specialize in leveraging today’s technology, such as social media, to maximize your condo’s exposure. For Massachusetts and Scituate MA Homes for Sale and condos see Scituate MA Real Estate For Sale.

Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder service. I service the following towns on the South Shore: Cohasset, Hingham, Hull, Scituate, Marshfield, Norwell, Weymouth, Quincy, Duxbury, and Norwell. Click here to view Bill Tierney’s Real Estate Profile.

Scituate MA March 2011 Real Estate Market Report

Scituate MA is coming into its prime season, summer time! Soon the warm summer breezes will grace Scituate's many neighborhood beaches. The summer residents will come back to town, and live admist those year round residents who simply cannot get enough of Scituate's great scenic vistas. The harbor will once again fill up with boats, and the town will be a buzz of out door activity. What a great place to live.

Scituate MA Sold Single Family Homes Report for March 2011

In March of 2011 there were 11 homes that closed within the month for Scituate Massachusetts. This is a decrease of 1 unit, as there were 10 homes that closed in March of 2010.

• The Average list price for the homes that closed in Scituate for March of 2010 was $491,250
• The Average list price for the homes that closed in Scituate for March of 2011 was $658,336
• The Average sale price for the homes that closed in Scituate for March of 2010 was $472,802
• The Average sale price for the homes that closed in Scituate for March of 2011 was $592,091
• The Average Market time for the homes that closed in Scituate in March of 2010 was 147 days.
• The Average Market time for the homes that closed in Scituate March of 2011 was 151 days.

There were 10 homes under agreement in Scituate Massachusetts in the month of March. The average list price of the homes that went under agreement was $509,370. The average time on the market for these Scituate MA homes was 117 days.

In 2010 there were 193 Single Family Real Estate transactions in Scituate. In 2009 there were 156 Single Family Real Estate transactions.

** The above statistics are for single family homes only and do not include condo’s or Multi-family homes in Scituate Massachusetts.

In comparing year over year longer term data for Scituate MA, there was a trend towards more stability in market values. The average days on the market continues to decrease. Homes for sale in Scituate MA at many price points are gaining activity. It would appear that the Scituate MA real estate market has gained some continued momentum.

Scituate remains an excellent town for both 1st time home buyers as well as those wishing to move up into the mid ranges of the market. Many of Scituate neighborhoods are short walk to the beach. With such a long coast line, and all of the tributaries flowing to ocean waterfront waterfront homes for sale in Scituate MA can be found in a variety of price points. Just one of the many reasons to reside in the town. If you like the quaint New England feel of Scituate, you many enjoy the article I authored on Scituate MA antique homes for sale.

Below are market reports for other towns in the Scituate area:

• Markets reports for Cohasset
• Market reports for Hingham
• Market Reports for Weymouth
• Market reports for Marshfield
• Market reports for Hull

Selling a home in Scituate Massachusetts or other South Shore Towns is heavily dependant on pricing your home properly and picking an agent that will create an “online market presence” for your home. As a home seller, you need to be aware that the market in Scituate and many other South Shore communities has changed over the last five years. We are no longer in a seller’s market. When selling a home in Scituate Massachusetts, it pays to have a pro in your corner representing you.

When selling a home in Hingham MA, it pays to have a pro in your corner representing you. Here are some Real Estate interview questions to ask when interviewing your agent, that will help you determine if you are hiring a successful broker or not!

About the author: The above Real Estate information about Scituate MA Homes For Sale was provided by Bill Tierney, a highly respected name in real estate who covers the South Shore real estate market for Virtual Homes Real Estate. Bill can be reached via email at William.Tierney@VirtualHomes.com or by phone at 617-653-1955. Bill has been a licensed real estate agent for over seven years.

Thinking of selling your home or condo? I have a passion for Real Estate and would love to share my marketing expertise! I specialize in leveraging today’s technology, such as social media, to maximize your home’s exposure.
For Massachusetts and Scituate MA Homes for Sale and condos see Scituate MA Real Estate For Sale.

Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder service. I service the following towns on the South Shore: Cohasset, Hingham, Hull, Scituate, Marshfield, Norwell, Weymouth, Quincy, Duxbury, and Kingston. Click here to view Bill Tierney’s Real Estate Profile.

I don't think I am "going out on a limb" by saying that trying to sell your home in today's market is not without its challenges. However, with every challenge, comes opportunity, if you look carefully enough. There are some great reasons to take advantage of the current market conditions that exist at this time of the year. And list your home now.

Below I have outlined why you should be early to the "spring market" and list now and not a few months from now as is the traditional wisdom.

1) Supply and Demand. Early in the year has traditionally provided less competition for sellers as the supply of homes on the market is lower than the supply of homes for sale in the late spring. See the numbers below for Plymouth County from the first four months of 2010. With less supply, you have less competition to sell against.

• January 1, 2010 2086 single family homes for sale in Plymouth County
• February 1, 2010 2239 single family homes for sale in Plymouth County
• March 1, 2010 2479 single family homes for sale in Plymouth County
• April 1, 2010 2797 single family homes for sale in Plymouth County

2) Serious Buyers are looking at this time of the year. The first quarter generally brings buyers who have a need to purchase. These buyers are not usually out looking for what is on the market in these cooler months. You will find you have fewer showings, but more qualified buyers.

3) Interest rates. Pay attention here, as rates are still low but have moved up from their historic lows, and many pundits don't foresee rates going anywhere but up as the economy and employment situation improves. Take advantage of the lower rates now, as either a buyer or a seller.

4) Do the "Move Up Math". If you are considering moving up to a larger home, or a more expensive home the time is now. Yes, you may sell your home at a price lower than you choose to in this environment, but you will also buy the more expensive one cheaper. In the end you will benefit, and here is why. If you sold your home for a hypothetical dollar, and purchased the new one for a hypothetical $1.50, which would your rather own after an increase by 10% in the coming years? You will see a larger gain on the $1.50's worth of assets, versus the lone dollar of assets.

5) Currently there is less competition from the Bank Owned Market. Typically the properties that have been foreclosed upon are marketed at below market prices as the lenders try to liquidate the properties to recapture the money they have tied up in the properties they own. This creates some discounted supply for you, the seller, to have to compete with when selling your home. The reason there is a temporary lack of supply has to do with a stalling for the foreclosure process that currently exists. The reason for the stalling of the foreclosure is a blog post in and of itself. Nonetheless, while this supply is not on the market, it behooves sellers to be ahead of this supply, not behind it.

In the end, there are some good reasons, to sell now versus waiting a few months. This is true from the cost of money via interest rates, to the amount of supply creating less competition.

The Scituate, MA Condo market continues for keep pace with the single family homes for sale in Scituate, MA. While both markets continue to show improvement, the market is beginning to see the value in this great seaside town. In the forth quarter of 2010 we saw six units sell at an average sales price of $452,667 or $245 per square foot. This is a good comparison to the seven units that sold at an average sales price of $425,243 or $223 per square foot in the same period a year earlier. Demand remains spotty, but properties that are priced in tune with today's market are finding buyers. However a trend of firming prices will continue to assist the market. However significant price improvement will not be achieved until the excess supply is sold out of the market.