After Brief Hiccup, Tewksbury Housing Market Continues Booming Growth
Jan 02, 2015 12:58PM ● Published by Bill Gilman
Sales of single family homes and condos showed sharp increases year-over-year, while prices also continued their steady climb.
With the latest statistics, Tewksbury continues to trend ahead of Massachusetts as a whole, which saw decreases in sale prices and condo sales and only a slight increase in the sale of single family homes.
According to statistics published by The Warren Group, 23 single family homes sold in November in Tewksbury. That's a jump of 53.3 percent over Nov. 2013. Through Nov. 30, 2014 homes sales locally had increased 5.6 percent over the same period a year ago.
The median price of the homes sold in November was $340,500, up 7.4 percent over Noc. 2013. For the year, sale prices have increased 25 percent, with a median of $375,000.
The news was just as strong for the local condo market. According to The Warren Group, 21 condos were sold in Tewksbury in November, an increase of 110 percent over Nov. 2013. Through Nov. 30, 170 condos were sold in 2014, an increase of 47.9 percent over the same period in 2013.
The median price of condos sold through Nov. 30, 2014 was $253,000, a jump of 10 percent over the same period in 2013.