Article Details



Home Sales Releases

2014 Year-End Housing Report: Local Home Prices Increased in All Categories for the Second Straight Year

1/27/2015


For Immediate Release                                        For comment, contact: NEAR President Ryan Schruender

                                                                                                    rschruender@gmail.com; 978-869-6880 (cell)

 

2014 Year-End Housing Report: Local Home Prices Increased in All Categories for the Second Straight Year

Single-Family Volume and Prices Had a Strong Fourth Quarter

 

(MERRIMACK & NASHOBA VALLEYS) — The Northeast Association of REALTORS® (NEAR) reported today that the combined sales of single-family homes sold in the 15 cities and towns from Boxford to Littleton from January through December had median sales price of $350,000,  an increase of  4.5  percent compared with the median of $334,900 in January through December of 2013.  The median sales price for condominiums sold January through December was $205,000, a 4.7 percent increase over the median of $195,800 recorded in January through December of 2013.  Multi-Family prices increased 10.4 percent, with a median of $275,000, compared to $249,000 in January through December of 2013.   This report is based on data from MLS Property Information Network in Shrewsbury.

The fourth quarter numbers showed positive trends in prices and sales volume.  Single-family, condominium, and multi-family sale prices and volume were higher from October-December 2014 than October-December 2013.  

Commenting on the area’s home sales market, NEAR President Ryan Schruender said, “2014 was overall a strong year for prices and a mixed year for sales volume.  While prices were up in all categories, the increases were not as dramatic as we saw in the market shift from 2012 to 2013.  What this means for homeowners is they might consider listing their home for sale to capture these increases and take advantage of a market with eager homebuyers.”   

            The Northeast Association of REALTORS® is one of 1,500 local chapters of the National Association of REALTORS®. Officially, NEAR covers 15 cities and towns from Boxford to Littleton, though it has members from more than 50 cities and towns in the Merrimack and Nashoba valleys as well as southern New Hampshire.  The term, REALTOR®, is a trademark for use exclusively by members of the National Association of REALTORS®, whose members subscribe to a strict Code of Ethics.

Editors and reporters:

  • For more info, contact NEAR CEO Brian Doherty (978-577-6138 x11 or Brian@NortheastREALTORs.com). 
  • For comment, contact NEAR President Ryan Schruender (978-869-6880 or rschruender@gmail.com  ).
  • Please note that the term REALTOR® is properly spelled with an initial capital R, per the AP Stylebook.

 

 

 

Closed Sales

Jan.-Dec.  2014 vs.
Jan.-Dec.  2013

 

# Sold      
 YTD 2013

 

# Sold        YTD 2014

 

Yr over Year

Change

 

Median YTD

Price        2013

 

Median YTD

Price       2014

 

Yr over Year  Change

Single Family

3415

3336

-2.3%

334,900

350,000

+4.5%

Condo

1308

1360

+4.0%

195,800

205,000

+4.7%

Multi Family

493

477

-3.2%

249,000

275,000

+10.4%

 

 

 

 

Closed Sales Q4

Oct.-Dec.  2014 vs.
Oct.-Dec.  2013

 

# Sold      
Q4

2013

 

# Sold        Q4

2014

 

Yr over Year

Change

 

Median

Price        Q4

2013

 

Median Price       Q4

2014

 

Yr over Year  Change

Single Family

786

815

+3.7%

320,000

350,000

+9.4%

Condo

327

335

+2.4%

200,000

209,000

+4.5%

Multi Family

119

137

+15.1%

255,000

275,000

+7.8%

 

 

Closed Sales

          Dec. 2014 vs.

               Dec. 2013

 

# Sold       Dec
2013

 

# Sold       Dec

2014

 

Yr over Year

Change

 

Median Price      Dec 2013

 

Median Price       Dec 2014

 

Yr over Year  Change

Single Family

253

272

+7.5%

325,400

367,750

+13.0%

Condo

111

105

-5.4%

212,000

178,000

-16.0%

Multi Family

36

47

+30.6%

235,500

278,000

+18.0%