Wrentham Condos
The scenic town of Wrentham is part of Norfolk County. Around 11,000 people live here. The town is appealing for both residents and businesses, which is good news for buyers, sellers, and investors looking for market strength. The town is also served by a few of the region's busiest roadways, including I-95, I-495, and Route 1. The town is also a destination for its historic attractions, including the residence of Helen Keller and the property of Day's Academy. The town offers several forms of public transportation for commuters and people needing access to other towns and cities in the region. Bus and rail service is provided through the Greater Attleboro Taunton Regional Transit Authority. Along with its roads and public transportation to Boston, the town is a short distance from Rhode Island, which makes it an appealing place to live for people who commute to Rhode Island. This town has several distinct areas. The northern part of the city shares a border with Norfolk. Foxboro is on the eastern side, and Franklin is on the western side. The southern part of the city shares a border with Cumberland and Plainville, and it's also a gateway to parts of Rhode Island. Two picturesque lakes (Pearl and Archer) lie in the town's interior, which is a choice place to live for people who enjoy outdoor recreation. The neighborhood of Sheldonville is a popular living place for those who want more peace and quiet. This rural area is located on the western part of town. Its landscape is dominated by both historic and modern working farms, and it also has many commercial sized orchards with fruit trees.
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Home values in Wrentham are on the rise, and they are following a similar pattern to home values in many towns in Massachusetts. The median home value as of March 2018 is $449,994. This is a 7.2% increase in home values from the same time in 2017. Home values are expected to continue rising through 2018, and they are forecast to be about 3.7% higher in March 2019 than they are now. The median list price in square feet is $235, which is below the average in the Greater Boston area of $276 per SF. Median home prices have risen since hitting a slump in 2011. In 2011, the average home value was $335,000. The median home value rose slightly to $337,000 by the following year, and prices continued escalating after that. As of 2018, median home values have risen steadily since 2012, and they are forecast to remain on an upward trend. Home values are affected by a number of factors, including economic health. The market is financially healthy, with an overall score of 7.3 out of 10. Just below 5% of homes have negative equity, which is about half the rate of homes across the country. Roughly 1.3% of homeowners have delinquent mortgages, which means that they have failed to make one or more scheduled monthly mortgage payments. This rate is slightly below the national average of 1.6% of people with delinquent mortgage payments. There are also some homeowners who are underwater on their mortgage payments, which means that they are unable to make their mortgage payments and owe more on their properties than their homes are currently worth. The rate of homeowners in this situation is 4.9%, which is below the rate in the Boston metro area of 6.3%. For townhouses, the average sales price is $235,917. About 75% of new listings from March 2017 to March 2018 were priced between $200,000 and $400,000. Homes priced higher ($400,000 to $600,000) and lower (below $200,000) accounted for 12.5% of sales each. Properties priced between $200,000 and $400,000 were the hottest sellers. May was the top month for new listings, and the most sales occurred in August. Sales revenue was highest in August and November; both months posted over $2.2 million in sales. If you are considering buying a place in town, contact our office for more information. The staff is knowledgeable about market trends, and they are also familiar with the area. This is important from a buyer's perspective, as we'll help you identify a good asking price and help you figure out what areas of town you might to live in. From the first house tour to closing the sale, you can count on us for support.
Similarly, we are here to help you sell property, too, and sell it quickly. Our trained staff knows the trends and trajectory of the local market, which means we'll help you time the listing of your property for a fast sale. We offer support for all aspects of home selling, ranging from creating an inspiring advertisement to hiring a professional photographer for staging photographs and arranging open house showings for interested buyers. From the first step to the closing deal, count on us to walk you through the process with confidence!
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