Is this project more hype than reality? Today's announcement 
that their funding has fallen apart is just one more setback that makes you wonder if this project will get off the ground. When the state legislators failed to support the Plymouth Rock project with the infrastructure they were requesting, you had to wonder how this would proceed. The legislators position was that Southfield was where they were going to spend the taxpayer's money.
Yet whatever is planned for Southfield is relatively unknown. Meanwhile, Plymouth Rock Studios has daily video releases about the area, and their plans and progress. Clearly, Plymouth Rock has the talent and expertise to pull this off. However, why did the legislature back out, and now why is this financial backer bailing. Are these guys just great promoters and is this project for real?
Sales in September were 7, the same as last month. Sales/list price ratio in September moved down to 94.3% from 95.8% in August.
Median price for Norwell in September was $623,700. This is up 10.9% from $562,500 in September of 2008. Average sale price (most recent 3 months) is $594,985, way down from $743,996 in 2008.
Inventory is 82, down modestly from 89 in 2008. New listings in September were 23, unchanged from the same month last year.
Days on market of 100 in September was up substantially from 68 in August and way up from 81 in September of 2008. Months of supply in September moved up to 12.1 from 11.3 in August.
Wondering about real estate values in your neighborhood? Visit www.NorwellRealEstateValues.com to see prices of sold and homes for sale.
Copyright © RealtyMarketPublishing, 2009 Data courtesy of: MLSPIN Listing and sales information comes from various sources and may not always be accurate. No representation or warranty is made as to the accuracy of this information. You should verify any information that is important to your buying decision.
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Covering Boston's South Shore from Quincy to Plymouth including; Braintree, Weymouth, Hingham, Cohasset, Norwell, Rockland, Hanover, Pembroke, Scituate, Marshfield, Duxbury, Kingston and Plymouth.
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