Milton Condos
Milton is a suburb of Boston. It is in Norfolk County and has a population size of about 27,000 individuals. It has been rated one of the best places to live by Money Magazine for multiple years in a row, and it is regularly ranked as one of the top places to live in the United States. People are drawn to Milton as a place to live for its scenic natural areas, including the Blue Hills and the Neponset River, as well as its proximity to Boston. Boston's economic prosperity extends to this town, which is a factor in its relatively high home values (which averaged $639,800 in 2018, marking a 3.2% increase from 2017. From this town, it is easy to reach Boston and other areas in Massachusetts by I-93, US Route 1, and MA Route 3. The town is part of the MBTA district, and there is a high-speed line that offers travel service to town residents via the Red Line. There are also opportunities for recreation and commuting by foot or bicycle on the Neponset River Greenway, which is one of the most popular pedestrian paths in the Greater Boston vicinity.
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In this town, townhouses were priced at an average of $689,960 in early 2018. Properties of all prices typically stay on the market for about 154 days. However, there are some variations in the time between listing and sales based on price ranges. In 2017 and 2018, properties with a list price of $800k to $1 million and higher accounted for about 38% of properties on the market. They remained for sale for approximately 66 days between the point of listing and final sale. Townhouses priced between $600k and $800k spent about 57 days on the market before selling. Homes in the price range of $1 million and higher accounted for the smallest portion of the market (28%). They also spent the least amount of time (48 days on average) on the market. Sale price also impacts the amount of time it takes for homes to sell. Homes that sold for a price between $600,000 and $800,000 in 2017 and 2018 stayed on the market for about 68 days, and they comprised about 8.8% of the market. Homes in the price range of $400,000 to $600,000 had about a 101-day average time period on the market. This group accounted for approximately 13% of the market. About 13.3% of units had a sale price between $200,000 and $400,000. Properties in this group remained on the market for about 101 days before they were sold. Homes with a higher sale price generally stayed for sale for a longer period of time. Those priced between $800,000 and $1 million, which was about 26% of the townhouse market, were listed for an average time of 203 days before they were sold. Homes with a sale price over $1 million were the largest group represented. They had about a 38% share in the market and stayed listed for just under 300 days before they were sold. Sales were strongest in June, August, and December. May, September, and February also posted high sales. Sale volume exceeded $3 million in August, and December sales were just under the $3 million mark in December of 2017.
If you are looking to buy or sell a condo in town, there are steps and processes to follow to ensure you make the most of your time and money. Home buyers, especially those unfamiliar to the area, should research average prices and neighborhoods before settling on a home. Visiting a prospective home in person is important too, as it helps you establish a relationship with the homeowner and get to know the area. Home buying also requires financial planning, dealing with sales contracts and legal documents, and quite often securing a loan, too.
If you're on the selling side], there are also points to keep in mind as you start planning your sale. To begin, you will have to be aware of any conditions placed on the property by the homeowner's association when it comes to selling. If you make any repairs and renovations to the property prior to moving, make sure to do so within the homeowner's association's guidelines. You'll also need to get your documents and sales contract in place for the incoming buyer to review and sign. Since advertising your place is critical to reach prospective buyers, you will need photographs of the interior and exterior. You can take the pictures yourself or hire a staging company to take care of professional photography for you. You may want to enlist the help of a realtor who deals specifically with townhouses for any part of the selling process, as they'll be able to highlight your home's best features and entice a prospective buyer.
Buying or selling a home is an exciting time, and you want to make sure to do it right. Therefore, don't hesitate to contact our office for assistance. We're knowledgeable about the local markets are happy to help!
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