Marshfield Condos

Marshfield is a bustling coastal town with 25,130 residents. It is in Plymouth County, and it is part of the South Shore region. This town is a destination for summer homes and tourism. Its biggest draws are a five-mile coastline with public beaches and a beautiful downtown area. One of the busiest transportation routes in the area is Route 3, which eventually connects to Route 139 and Route 3A. Public transportation, including an MBTA bus that runs to Boston, makes Marshfield a convenient place to live and commute. The residential market is strong for both single-family homes and townhouses, as people are looking for a place to live that is close to Boston but outside of the city's borders.

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As of 2018, the average home value in this town is around $452,300. This is a 6% increase from the average home value in 2017. Home values are expected to increase by another 3.2% through 2019, which is on par with trends in the Greater Boston area. In square feet, the median listing price in this town is $259. This is about $10 per SF less than the average price in Boston and the Boston Metro region. The median listing price in 2018 is $505,000, and the median sale price is $411,000. Foreclosure rates, which affect home prices, are important to watch. In this town, about 2.5 home s are foreclosed out of every 10,000. This is higher than the national foreclosure rate, which averages just under two percent. Fewer homeowners (1.2%) are delinquent on mortgage payments here than the national average, which is 1.6%. There are fewer homeowners here who are underwater on their monthly mortgage payments than there are in the Greater Boston area, too. The numbers for these statistics are 4.8% and 6.3%, respectively. The market is considered healthy overall, with a score of 6.9 out of 10. Less than 5% of homes here have negative equity. This is much lower than the national average, which is just above 10%.

In the first quarter of 2018, the average sale price for a townhouse is $252,160. This price applies to homes of all sizes, ages, and locations throughout town. Units spend about 72 days on the market before selling, but there are also patterns among home sales in certain price ranges. As with other areas in the region, home prices have been increasing in the past several years. The average townhouse value fell to its lowest point in recent history in 2014, when the average value hovered around $111,000. By 2015, the average value for a home was $128,000. Values continued to climb after that, with significant increases in average value between 2016 and 2017. New listings that have appeared in 2017 and 2018 suggest that homeowners are confident of their ability to sell and their homes' value. The majority of new listings in 2018 fetch asking prices between $400,000 and $600,000. These asking prices account for about three-quarters of the market, while one-quarter of the market has homes priced between $200,000 and $400,000. Sales, however, are highest for homes in lowest price range, which is $200,000 and less. They are second highest for homes priced between $200,000 and $400,000, while homes priced at $400,000 to $600,000 have the lowest volume of sales. New listing and sales volumes are highest during the summer months between June and August. Sales are generally at their highest points right before and after the peak summer season, which is May and September, respectively. House sale volumes range from over $1.5 million per month to less than $500,000 in the coldest months, which are December and January.

If you are thinking about buying a townhouse in this town, contact us for advice. Our staff is familiar with the town, and we'll help you select a neighborhood and location based on your personal preferences and lifestyle. There are many considerations to think about when looking for the perfect next home, and we're here to help you consider what you need as you make the transition to your next home. We'll work with you to establish a budget, predict your monthly mortgage payments, and find loans to apply for, too. Once the basics are taken care of, you can start compiling a list of homes, contacting owners, and narrowing your options.

On the other hand, there is a “to-do” list to keep in mind if you are selling a home, too. One of the most important points of selling a house is finding the right place to advertise and making the home look as presentable as possible. At a minimum, your property must meet applicable standards to pass its inspection. This means you may have to do some legwork to get your place ready to show off to potential buyers, which can range from making minor to more extensive interior and exterior improvements. Your house is then ready for pictures, which can be your own or a professional's. Then, you'll need to find an appropriate place to advertise. Once that's done, we'll work with you to set showing dates, closing dates, and finalize a sales contract with the buyer.

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