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Tewksbury Home Sales Up, Condo Sales Down In December

Feb 07, 2017 02:14PM, Published by Bill Gilman, Categories: Business, Today


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 BOSTON — There were 5,129 single-family homes sold in Massachusetts in December, compared to 4,924 in December 2015, a 4.2 percent increase. This marks the highest December sales amount since 2004 and the third highest December total on record. Year-to-date, sales are up by 11.3 percent with 60,751 homes sold through December 2016 compared with 54,587 sold during the same time last year.
In Tewksbury, 29 single-family homes were sold in December. That's up 16 percent over December 2015. For the year, there were 319 homes sold in Tewksbury. That's up 8.5 percent over 2015.

The median sale price of a single-family home in December reached $340,000, a 1.5 percent increase from $335,000 in December 2015. For the full year of 2016 prices are up 1.5 percent from the prior year, with a median sale price of $345,000.

In Tewksbury, the average sale price of a single-family home in December was $370,000. That's down 2.6 percent over December 2015. For the year, the average sale price of a single-family home in Tewksbury was $382,000, up 4.7 percent over 2015.

“After robust sales in the first six months of 2016, the market cooled a bit in the second half,” said Timothy Warren, CEO of The Warren Group. “Nevertheless the number of single-family home sales for the full year increased by more than 10 percent for the second year in a row. The increase in the median sale price was more modest. It has increased by less than 3 percent for three years in a row.”

The number of condominiums sold in December increased by 2.5 percent, with 1,995 sold compared with 1,946 sold in December 2015. For the full year of 2016, condo sales increased by 8.5 percent to 23,962 condos sold compared with 22,091 in the prior year.

In Tewksbury, there were 15 condo units sold in December, down 21.1 percent from December 2015. For the year, there were 199 condo units sold, exactly the same number as in 2015.

The median sale price for condos in December reached $325,000, a 3.3 percent increase from $314,610 in December 2015. For the full year of 2016, condo prices are up 4.1 percent with a median sale price of $329,900 compared with $316,885 in the prior year.

The average sale price of a condo unit sold in Tewksbury was $318,500 in December. That's up a whopping 15.8 percent over December 2015. For the year, the average sale price was $290,000, up 7.4 percent over 2015.



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