Weymouth Condos

Weymouth is a progressive city in Norfolk County. It is home to about 55,640 people. This city was settled in 1635, and it is one of the oldest European settlements in the state. It is a primarily residential town, with a healthy housing market and a growing population. Both the population growth and market health are attributed to the facts that the town has a public beach and is within close range, via both roadway and public transit, to Boston. Some of the busiest roads that serve the town are Route 3, Route 3A, Route 18, and Route 58. Several MBTA bus routes service the town, as do several MBTA commuter rail stations. The city has four distinct areas, which are a Northern section, an Eastern section, a Southern district, and a Landing. The northern neighborhood contains several notable physical features, including the Webb State Park, the Great Esker Park, and the George Lane Beach. It offers views of the Boston skyline too, and is one of the most popular residential communities in the city. The eastern neighborhood is in the center of town. It contains most of the city's historical attractions, and it also has a number of small businesses, shops, and restaurants. The southern neighborhood is predominantly zoned as industrial and commercial. It is home to the former naval base and the South Shore Hospital, and it's one of the city's primary commercial centers.

Click Here to Search

sales

If you're looking to buy a townhouse, now is a great time to make that step. Both the local and regional markets are strong, which means that there is demand and supply for housing. In March 2018, about 740 townhouses were sold in the Greater Boston area, which makes it the eighth busiest March in sales history. Median sale prices for townhouses also reached a new level in 2018 in the Boston metropolitan area. Median prices reached $547,600, which is 6.3% more than the median price of March 2017 ($515,000). In Weymouth, the average sales price for a townhouse is $262,807 in spring 2018. Properties stayed on the market for about 91 days. New listings between 2017 and 2018 include properties in two price categories. The first is the price range of $200,000 to $400,000, and the second price range is $400,000 to $600,000. The majority of properties (57.9%) newly listed are in the price bracket of $400,000 to $600,000. The final asking price shows buyers what sellers are offering their properties for. It also shows how pricing affects sales volume. In 2017, most sales (54%) occurred with properties priced between $200,000 and $400,000. The second highest volume of sales (32.5%) was for homes in the price range of $200,000 and lower. Homes sold for a price between $400,000 and $600,000 comprised approximately 13% of the market, while homes valued at a price of $600,000 to $800,000 accounted for less than one percent of all sales. Between 2017 and 2018, the rate of new listings and sales varied throughout the year. Between August and October of 2017, new listings greatly exceeded the number of sales (the ratio was approximately 70 new listings to 20 sales). Sales rates exceeded new listing rates in June and December. There was also variation in listing price and final sales price. Listing price was generally higher than sales price, with the exception of August 2017. In February 2018, the average listing price was about $70,000 more than the sale price. The seasons and time of year also affect selling and buying trends. New listings rates were higher in September 2017 than they were in any other month of the year. Nearly 70 new listings came on the market during that time. The second most active month in recent history was March 2018, which had a total of 31 new listings. Actual sales counts also varied by month. Sales are typically highest during the summer months, but they sometimes pick up again towards the year's end. June 2017 had a peak sales count of 29 properties. December 2017 was also an active month for sales, and 25 properties were sold before the month ended. September was a close third, with a total of 22 properties sold. Sales volumes also varied by the month. Just over $7.5 million was reported in townhouse sales during June 2017, which was the busiest month in 2017. September and December also had high sales, with their total sales volumes nearly tying at around $6.24 million. In 2018, the most active sales month has been March, during which time $4.7 million in properties was sold. The total time that properties spent on the market differed by listing price and sale price. Properties with a listing price between $400,000 and $600,000 spent the longest period of time on the market, which was approximately 145 days. Properties priced between $200,000 and $400,000 spent less time on the market, with an average time period of 48 days on the market before selling. Homes with a sale price between $400,000 and $600,000 spent the longest average amount of time for sale (236 days), while properties priced between $600,000 and $800,000 spent the shortest average time on the market (59 days). If you are planning to buy property in the near future, contact our office for advice. The staff is familiar with the area, and we also keep a close eye on market trends. We'll help you get to know the area. In turn, you can decide which neighborhood might be a best fit for you based on your lifestyle preferences and preferred surroundings. We can also help you figure out a housing budget and apply for a mortgage based on your financial situation. In spring 2018, the average home value for all properties is $382,933. This is an increase of 6.1% from the average home value in 2017. The average home value is projected to keep climbing through at least 2019. Homes are expected to have a value of 3.9% higher in spring 2019 than they do in spring 2018. The median listing price, based on square footage, is $277 per SF. This is just $1 more than the median listing price in the Boston metropolitan region, which is $276 per SF. The median home listing price is $379,900 in 2018, while the median sale price is around $341,700. The median rental price in 2018 is $1,698, which is much lower than the average monthly rental rate of $2,682 in the Greater Boston area. When you're considering getting a home, one thing to consider is the impact of foreclosure on the market. Homes facing foreclosure can be a great way to get a quality property for a good price, as a foreclosure status often significantly lowers the selling price of a property. In this city, the foreclosure rate is 7.5 homes foreclosed in every 10,000. The national rate is 1.6 homes foreclosed in every 10,000. The first step in a home foreclosure is called mortgage delinquency, which means that the homeowner misses at least one mortgage payment. This city's mortgage delinquency rate is 1.7%, which exceeds that of the national average by just 0.1%. The housing crisis that affected the country in 2011 caused home values to fall, some by as much as 20%. Consequently, many homeowners became underwater on their mortgage payments. As of early 2018, the mortgage delinquency rates citywide were 7.8%, which is more than the mortgage delinquency rate in the Boston Metro area (6.3%). About 7.8% of homes here have negative equity, which is below the national average of 10.4%.

While we are eager to help buyers find a new place to live in the area, we are accustomed to helping sellers, too. There are many steps to consider as you're planning to sell, and it helps to have an expert working with you. Preparing to sell means getting your house ready for pictures and inspection, listing, and getting compiling all the documents needed to close a sale. You'll also need to know market trends and figure out a fair asking price. Fortunately, we offer assistance with all of the above, and we are ready to help you out!

Condo Developments

Click Here
to Search

sales

Click Here
to Search

rentals