How’s the Market?

Arlington, MA Home Sales

When people learn I’m a realtor, the next comment is invariably “How’s the market?”

Information can be confusing and seemingly conflicting. The Boston Globe Business section ran the following headlines recently, 2 days apart: on 2/29 – Mass. Home sales jump 3 percent from a year ago, January uptick sparks hope; and on 3/2 – More Mass. homes faced foreclosure in Jan.

So is the picture good or bad? There are so many variables, there’s no one answer. Anyone who’s attended an open house recently knows there are loads of qualified buyers out shopping, and well-priced homes are getting multiple offers after just a weekend on the market.

Here’s a snapshot of Arlington by the numbers, showing a very healthy real estate market:
$546,539: Average single family sales price in 2011
264: Number of single families sold in 2011
$537,511: Average single family sales price in 2010
277: Number of single families sold in 2010
4: Number of homes sold for $1,000,000 or more in 2011
17: Number of homes sold for $1,000,000 or more in past 5 years
8: Number of foreclosed Arlington properties in 2011

What do you think?

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