Tewksbury Real Estate Sales Continue To Defy State Trends
Sep 25, 2014 02:14PM ● Published by Bill Gilman
Sales of Massachusetts single-family homes fell 6.6 percent in August, marking the sixth time sales have decreased year-over-year in 2014, according to the latest report by The Warren Group, publisher of Banker & Tradesman.
However, 33 single-family homes were sold in Tewksbury in August, a jump of 13.3 percent over August 2013. For the year, 193 homes have been sold through Aug. 31 in Tewksbury, an increase of 7.8 percent over the same time period in 2013.
Home prices in Tewksbury also jumped 3.1 percent in August, to a median of $340,250.
In August, condominium sales statewide decreased 15.3 percent. A total of 2,101 condos sold in August, down from 2,479 a year ago. This marked the highest percentage decrease of condo sales since December 2011 when there was a 15.6 percent decrease. Year-to-date, condo sales were up slightly by 2.7 percent, rising to 13,929 from 13,559 during the same period last year.
In Tewksbury, 21 condos were sold in August, up a whopping $133.3 percent over August 2013. For the year, 119 condos have been sold in Tewksbury, up 29.3 percent over the same eight months in 2013.