Quincy MA Real Estate Report
Quincy MA Monthly Real Estate Statistics
July 2011 June 2011 July 2010
Single Family:
Homes Sold: 23 42 34
Original List Price: $416,373 $325,604 $354,467
Final List Price: $404,239 $311,700 $336,814
Average Sold Price: $384,674 $296,624 $324,647
Average Days on Market: 154 104 69
Median Sales Price: $328,000 $296,500 $317,500
Condos:
Home Sold: 26 21 17
Original List Price: $256,404 $258,862 $284,317
Final List Price: $248,219 $254,033 $278,117
Average Sold Price: $238,000 $245,236 $262,194
Average Days on Market: 111 116 78
Median Sales Price: $230,650 $237,250 $237,000
Multi-Umit:
Homes Sold: 8 11 8
Original List Price: $405,200 $467,500 $437,286
Final List Price: $385,638 $448,690 $421,024
Average Sold Price: $357,625 $433,809 $411,050
Average Days on Market: 115 93 146
Median Sales Price: $352,500 $450,000 $413,000
SUMMARY:
As the Statistics show the number of Single Family home sales have dropped from 42 in June to 23 in July. July of 2010 had 34 single family sales. July is typically slower as we are in the Summer vacation time, however the drop has been more than expected this year. Sales were down in May, June and July. Prices have not changed much at all. Prices of Single Family homes have actually increased with the median price climbing to $328,000.
The Current Quincy Center
Construction on the Quincy Center Redevelopment will be starting soon.
Street-Works, a developer has huge plans for Quincy Center. The plans will include 1100 condos and apartments, more retail space, boutiques, 2 hotels, 20 story office building, parking garages and some open green space. The cost is estimated to be in the One Billion Dollar plus range.
This could be a tremendous opportunity for the City of Quincy. Quincy Center has needed a boost for a long time. Parking has always been an issue and the new plans will address that.
Houghs Neck is a sea side community, and one of three peninsulars within the City of Quincy.
Houghs Neck was at one time a farm owned by Atherton Hough. This is where Houghs Neck got its name. The elementary school is also named Atherton Hough School.
Houghs Neck was originally a cottage community and was the old Cape before the highway (route 3) was built to take us to what we now know as Cape Cod. People came from all over to summer in Houghs Neck.
The area used to be lined with boat rental yards because of the excellent fishing in the area. In fact, Houghs Neck at one time was known as the Flounder Fishing capital of the world. As the harbor became polluted, the flounder, which are bottom feeding fish, began to die off. Now that the harbor is being cleaned up, the flounder population is starting to return. TheHarbor Cleean-up was ordered by a Federal Judge. As part of the clean-up, the sewerage pumping station in Houghs Neck was closed as a new treatment plant was built on one of the Boston Harbor Islands. The former pumping station is now a park at the tip of Houghs Neck. There is a parking area, and trails for walking and jogging, or just relaxing and enjoying the water views, as well as, views of the Boston Skyline.
Houghs Neck used tobe all cottages at one time. They have all been winterized as year round homes now, and many have been torn down with newer houses being built on the land.Today single family homes in Houghs Neck range from $149,900 to $575,000 based on what is currently on the market in the MLS and Realtor.com, Trulia Houses for Sale.
Houghs Neck is a great family community with several beaches and is kind of off the beaten path from the rest of the city. The residents of the area are referred to as Necker's and have much pride in their community. Houghs Neck has something for everyone. From fishermen to boaters to those who just love the beach, being a penninsular, the water is never far away. The views are incredible.
Water View From Manet Ave, Houghs Neck.
Water View from Spring St Houghs Neck
Looking for something that doesn't include water? Houghs Neck has Ball Fields, and Brill Field also has a playground area and a roller blade rink.
If you are looking for homes for sale in Houghs Neck, click the link below for more information.
Quincy MA Monthly Real Estate Statistics
June 2011 May 2011 June 2010
Single Family:
Homes Sold: 42 43 45
Original List Price: $325,604 $300,962 $354,360
Final List Price: $311,700 $291,630 $344,126
Average Sold Price: $296,624 $277,867 $328,921
Average Days on Market: 104 92 71
Median Sales Price: $296,500 $285,900 $305,000
Condos:
Home Sold: 21 16 42
Original List Price: $258,862 $238,095 $325,364
Final List Price: $254,033 $226,189 $304,169
Average Sold Price: $245,236 $220,619 $295,157
Average Days on Market: 116 156 138
Median Sales Price: $237,250 $208,500 $275,000
Multi-Umit:
Homes Sold: 11 9 9
Original List Price: $467,500 $353,954 $464,706
Final List Price: $448,690 $351,732 $459,706
Average Sold Price: $433,809 $334,500 $438,378
Average Days on Market: 93 68 56
Median Sales Price: $450,000 $342,500 $433,500
SUMMARY:
As the Statistics show the number of Single Family home sales have remained steady with 42 in June and 43 in May. May of 2010 had 45 single family sales. Condo and Multi-Unit sales are up slightly over May, but condo sales are still well below June 2010 levels.
Prices have increased for single-family, condos and multi-family in June compared with May. It looks like prices are going to continue climbing at least in the near future as Foreclosures have slowed down dramatically.
The number of foreclosures coming on the market has dropped significantly. This may be in part due to the banks robo-signing scandal. If that is the case, there should be more coming on in future months as they are straightened out and released onto the market. In that case, there could be an impact on prices. If the trend continues to slow down, meaning fewer and fewer foreclosures coming on the market, we should see a turn around with prices starting to head upwards.
Properties Currently Under Agreement in Quincy MA:
Single Family: There are currently 49 properties under agreement compared to 54 last month. The Average Listing Price is $330,185, an increase over last month.
Condos: 34 under agreement with an Average List Price of $244,321 which is slightly lower than last month.
Multi-Unit: 17 under agreement, same as last month with an Average List Price of $360,394.
My thoughts are that we are going to see a price increases for the near future. The unemployment rate in Massachusetts has dropped to 7.8% compared to the National Average of 9.2%. As more jobs are created, home sale should also increase. The trend appears to be heading in that direction.
Watch for next month’s Report to see if the price increases continue.
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Real Estate Services for Quincy MA, Marina Bay, Braintree and South Shore. Qualified Buyers Agent, CBR, SRES, New Construction, Foreclosures. 21 years experience helping buyers and sellers.
Serving Quincy and the entire SouthShore areas of Massachusetts.
Certified Buyers Representative (CBR) specializing in working with first time buyers, new construction, residential, condo and investment property.
Specializing in First Time Buyers and New Construction.
SRES (Seniors Real Estate Specialist)
Dana,
My most sincerest thank you for all your assistance in helping my family and I find a home in Quincy that we felt was perfect for us. I could not believe how comfortable we all felt in our new HOME the first night we stayed in it. Thanks again. JBP & EP
Dana,
Thank you sooo much for finding me my new home. I always wanted a brand new home, and now I have one. I must admit I was very nervous when the builder would not take a contingency to sell my home, but you told me if we price it correctly, we will get it sold. Thank you for keeping me calm during this stressful time. I will gladly refer anyone to you that I hear is looking to buy or sell a home. Thanks Again, AM, East Bridgewater
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