Canton Real Estate Report for 2011

In Canton, there were 127 single family .*  The average sales price was $478,642.00, with a low of $125,000.00 and a high of $1,225,000.00. The pie chart attached shows that just over 47% of the single family homes sold in sold between $300,000 - $500,000, with the next highest percentages coming in on either side of those price ranges.  

To get an idea of how the market is performing overall, it is helpful to look back over the past years to see how the  has performed, compared to other years. See the chart below for the numbers. Going back five years, the average sales price has fluctuated. While the average sales price is down from 2010, it is still higher than 2009. 2010 was the year of the federal, first-time home buyer tax credit, which could have had an impact on prices.  

The piece of data I find interesting is that the average number of days on the market has come down. With prices stabilizing somewhat, buyers are out there and homes are selling a little faster. 

Year of Sale

Average Sales Price

Number of Homes Sold

Days on Market

2007

$492,187

143

148

2008

$511,184

118

142

2009

$460,029

120

135

2010

$492,134

121

139

2011

$478,642

127

112

With the spring market approaching, buyers will be looking to see what new inventory is coming on the market.  Buyers who see a home that they like in their price range, will want to move on it as homes are moving a little more quickly than before. Sellers, as always, will want to make sure their homes are priced well and in good condition. Those are the two factors that have had many buyers on hold.

*All data is taken courtesy of the MLS Property Information Network, Inc.  Homes sold outside of the MLS are not included in this data.

*****

About the Author: Christine Smith is a Realtor, Buyer's Agent, Attorney, social media fan, parent and Canton resident. She writes about real estate and events in the Canton area on her blog – Canton MA Events and Real Estate.