Whitman Condos
Whitman is a town in Plymouth County. Its population size is about 14,500 residents. This town is famous for being the birthplace of the chocolate chip cookie. It was settled in 1670 and has a primarily residential character, but its past was heavily rooted in industry. Shoe making was once the main economic activity of the town, which led to the construction of many brick buildings and warehouses. Although no longer used for shoe making, the town's buildings have been turned into offices for modern businesses, and some have been turned into townhouses and apartment buildings, too. With Boston just 20 miles away, the town is a popular place to live for people working in the city. The main transportation routes that bisect the town are Route 27 and Route 18. Route 24 is the closest highway. The MBTA commuter rail offers service to the area, and a rail line runs through the eastern part of town. Air transportation is available at the Boston Logan International Airport. With its easy access to Boston, this town is an increasingly attractive place to live.
Click Here to Search
sales
If you are planning to buy a home in Whitman, contact our office for more information, as we're here to explain pricing trends and help you understand the nuances of the market. We can also tell you what to look for in a new home, help you set a budget, and work with you to find a mortgage. The current housing market is quite active, with plenty of potential for getting good deals on both the buyer's and seller's sides. As of March 2018, there was a 5% increase in home values from 2017. Home values are expected to continue rising, and they are projected to be 3.6% higher in the spring of 2019. The average home value in 2018 was $332,200. The median list price in square feet is $219. This is lower than the median list price per SF in the Greater Boston area of $276. In dollars, the median price of homes on the market is $339,450. The median selling price is about $287,200. Median listing price has followed an upward trend since 2012, when prices were at their lowest in recent history. In 2012, the median listing price was just $225,000. However, the median price rose slightly higher to $229,000 in 2013. It improved significantly in 2014, when the median listing price was around $256,000. Market prices are influenced by a number of factors, including foreclosure rates. As of spring 2018, about 6.3 homes are foreclosed out of 10,000. The national average is significantly lower, with a foreclosure rate of 1.6. Another element of foreclosure, which also affects pricing, is mortgage delinquency. The rate of homeowners with delinquent payments is 2.3%, which surpasses the national rate of 1.6%. Some homeowners are also underwater on their mortgage payments, which means that they owe more money than their home is worth. About 5.7% of the town's homeowners are underwater on mortgages in early 2018. The market is overall in good financial health. Just 5.7% of homes have negative equity as compared to the national average of 10.4%. For townhouses, the average selling price in spring 2018 is $278,310. Townhouses spend an average time period of 169 days on the market before selling. The asking price of properties affects sales count and sales volume, with the majority of properties (93%) selling for a price point between $200,000 and $400,000. Far fewer properties are sold for a final price below $200,000. Between 2017 and 2018, new listings exceeded sales in most months. The exception was July 2017, when the number of sales was significantly higher than the number of new listings (six sales compared to no new listings). List price has also typically exceeded sale price during this time period. In 2017, the number of new listings varied based on the month. Most new listings appeared on the market in August 2017. The second most active month for new listings was November. Sale rates also vary by the month. In 2017, the majority of sales happened in the month of July (which had six sales). June, August, and November had a three-way tie for the second-highest amount of sales, which was five in each month. Sales volume was another statistic that varied based on the month. The month with the highest sales volume in 2017 was July, which had over $1.8 million in sales. August had the second-highest sales volume, with a total monthly revenue of $1.37. June, September, and November all had about $1.25 million in sales volume. The time that it took for properties to sell was based on several conditions besides the seasons and the time of year. Sale price was another main factor in determining how long homes stayed on the market. Properties priced between $200,000 and $400,000 spent an average time of 172 days on the market. Properties priced for sale below $200,000 spent about 125 days on the market before they sold. The trend for townhouse sales looks promising, as evidenced by the fact that property sales were strong in 2017 in the Greater Boston area, and they have shown to be equally promising so far in 2018. In March 2018, 738 properties changed hands throughout the Boston region. In 2018, median sales prices topped out at $547,608. This marks a 6.3% increase from median sale prices during March 2017.
Opportunity is there for both buyers and sellers. We offer assistance for sellers too, and we can walk you through the selling phase with confidence. As a seller, it's important to be aware that listing a townhouse differs from listing a regular property. You'll have to abide by the homeowner's association codes and prepare your house for inspection, which is mandatory for a sale. You will also have to plan time to show the house, gather all necessary documents, and close the sale. It helps to work with a realtor who understands the technicalities of selling townhouses, which is just what we're here for.
Condo Developments
Click Here
to Search
sales
Click Here
to Search
rentals