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Winchester Condos

Winchester is located less than 10 miles north of Boston. Its population size is around 21,400. Because of its proximity to Boston, it's an increasingly desirable place to live in the Boston metropolitan area. From here, it takes just minutes to reach Boston's downtown area and the Financial District. There are a few major roads that connect the town to Boston and other areas. One of the largest is I-93, which is also the route of the Logan Shuttle Express that has frequent service to and from Boston Logan International Airport. There are multiple bus lines that go from the town to Boston and other nearby towns, including the Orange Line of the MBTA. There is also a commuter bus with service to Boston and beyond. Having these conveniences draws people to Winchester to live, and it also makes for a more active market with a steady volume of sales and listings on the residential market. The northern and western sides of the town are the most densely populated, and they contain a mix of residences and businesses. The eastern side has a notable more rural setting and open space. Woods, rivers, and ponds are defining physical features in this area. The eastern side is a popular place for recreation, and it is a choice destination for people wanting to live in a quieter setting.

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If you are planning to buy a house here, it helps to understand current and historic market trends. Our staff will explain all the details of buying, ranging from selecting a neighborhood to acquiring a mortgage and visiting homes and learning about homeowner's associations. In 2018, the average price for a townhouse is $688,300. In 2017 and early 2018, the majority of new listings (75%) were for properties priced at $1 million and higher. Properties priced between $600,000 and $800,000 accounted for 25% of the market. Homes in the price range of $200,000 to $400,000 accounted for 36% of sales. Sales in the price range of $600,000 to $800,000 accounted for 22% of sales. Around 14% of sales came from properties priced between $200,000 and $400,000. Properties priced above $1 million accounted for about 13% of sales. The amount of time that homes stayed on the market also varied based on list price and sale price. Homes with a listing price of $1 million and above remained for sale for about 80 days before selling. Homes with a listing price between $600,000 and $800,000 spent a little over than a month (approximately 34 days) on the market before selling. Sale price also affected the length of time that homes were on the market. Homes with a price between $400,000 and $600,000 stayed for sale for about 67 days between the final closing date. The shortest amount of time that properties remained for sale was in the price range of $200,000 to $400,000. Homes with this selling price sold an average of 55 days after being posted for sale. Homes with higher sales prices took longer to sell. Those priced between $600,000 and $800,000 had an average market time of 89 days. Homes priced at $1 million and higher took about four months to sell. New listings, sales counts, and total sales volume varied by the month. New listings were highest in April, June, September, and March during 2017. The majority of properties were sold in the months of August and December, which had 10 sales each. March 2017 was not far behind, with a total number of nine sales by the month's end. Sales were lowest in April, which had just one sale. The highest month for sales volumes in 2017 was August, which received about $6.8 million in sales. November, December, and March had similar sales volumes, which hovered around $6.6 million. The median and average price remained about equal during the year, with the average rate sometimes rising slightly higher than the median rate. In March 2018, the median home value for all residential properties was $999,178. This is a 5.8% rise from the average home value in 2017. Experts predict that home values will continue to increase, and they will be about 3.6% higher in the spring of 2019 than than they are now. In price per square foot, the median listing price is $404. This is much higher than the median list price of $276 per SF around Boston. Foreclosure is another influential factor on market prices. In this town, about 7.9 homes out of every 10,000 were foreclosed in 2017. This exceeds the national rate of 1.6 homes in every 10,000 foreclosed. There are far fewer homeowners here with a delinquent mortgage payment than there are nationally; the local rate is 0.3%, and the national rate is 1.6%. There are also fewer homeowners underwater on their mortgage payments than there are in the Boston metropolitan area. The rates are 3.5% and 6.3%, respectively. The market is in very good financial health, with an overall score of 9.6 out of 10. About 3.5% of homes have negative equity, which is far below the national average of 10.4%. The activity for townhouse sales in the Greater Boston area was among the strongest in March 2018 than it has been in the past several years. There were just under 740 properties sold in March 2018, which makes it one of the strongest Marches in the past for sales. The median sales price of properties climbed to $547,608 during March 2018, which is 6.3% higher than median sales prices in March 2017.

For those selling property, it helps to have an expert agent on your side. Fortunately, our trained and experienced staff is on hand to help you out. We'll help you take care of all aspects of a property sale, ranging from advertising your property to creating a winning staging area and getting ready for all necessary inspections. We'll help you abide by homeowner's association codes to have a smooth sale, and we can help with the aspects of sale closure too, including completing a formal sales contract. Now is a great time to sell, and we're here to help you make a sale quick and painless.

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