Community Corner

June Sees Slight Decline in Winchester Home, Condo Prices

While June prices and sales have seen a decrease, Winchester's numbers are still ahead of where they were at this point last year.

for Winchester in the month of June remained steady even though June’s numbers are slightly behind last year’s figures.

According to data from the Warren Group, Winchester’s condo sales dropped by half in June. Through the end of that month, a total of five condos sold, compared to 10 last year.

While the number of condos sold has declined when compared to June of 2010, year-to-date condo prices have seen an increase.

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The year-to-date median price of condos is 18 percent higher than where it was at this point last year ($440,000 to $371,250).

However, the five condos that sold in Winchester this June fetched a median price of $355,000, nearly 17 percent less than the median price of condos sold in Winchester last June ($425,000).

Find out what's happening in Winchesterwith free, real-time updates from Patch.

The data for June single-family house sales in Winchester has remained steady. Thirty Winchester homes sold in June 2011, down from 31 in June 2010. A total of 84 Winchester homes had sold through the end of June this year, compared to 107 that sold through the end of June 2010.

But similarly to the condos, prices of those single-family home have slightly decreased. The median price of homes sold in June decreased from $833,500 to $816,2500 year over year, though the year-to-date has seen a small increase. The median price of all single-family homes sold in Winchester this year increased to $763,000 compared to $720,000 through the same date last year.

The Warren Group reported that the median price of Massachusetts homes sold in June increased, while the number of homes sold dipped by 23.5 percent. According to the Warren Group, it’s the fifth straight month of double-digit percentage decreases, bringing home sales to its lowest levels since 1991.

"This year's sales slump is carrying on as we compare the level of home sales in 2011 to the inflated number of sales driven by last year's homebuyer tax credits," said The Warren Group CEO Timothy M. Warren Jr. "However, June is typically one of the busiest months of the year for real estate closings. It is disappointing to see such a steep decline. Since June is the last month affected by the homebuyer tax credit, we're hopeful that coming months will bring some positive news."


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