December Dip But Tewksbury Real Estate Market Caps Huge Year
Jan 29, 2015 08:54AM ● Published by Bill Gilman
The Tewksbury Real Estate market took a slight dip during the month of December, but that didn’t stop the market from enjoying its most robust year in nearly a decade.
According to statistics published by The Warren Group, the sales of single family homes in December dropped 14.2 percent over December 2013. However sales for all of 2014 were up 41.1 percent over the previous year.
The average sale price of a single family home in Tewksbury also jumped significantly, from $230,000 in 2013 to $253,000 in 2014.
According to The Warren Group report, condo sales in Tewksbury increased by a more modest 3.7 percent in 2014, while the average sale price of a condo in Tewksbury jumped 7.9 percent, from $317,000 to $342,000.
The Tewksbury sales figures were slightly different from those across the state. According to The Warren Group, homes sales in Massachusetts jumped 9.6 percent in December 2014 over December 2013. But for the year, sales were down 2.0 percent.
Home prices were up 2.5 percent across the state in 2014.