Sudbury Single-Family Home Sales Up 40 Percent in November

Year-to-date sales increased by 28 percent.

(EDITOR'S NOTE: The following information was supplied by The Warren Group.)

Sudbury single-family home sales rose 40 percent in November, while Massachusetts single-family home sales rose 38 percent in the month, the largest year-over-year percentage increase this year and the 11th consecutive month of gains, according to the latest report by The Warren Group, publisher of Banker & Tradesman.

The median price of single-family homes rose almost 2 percent to $275,000 in November, up from $270,000 a year earlier.

Sudbury single-family home sales 2011 2012 % change November sales 15 21 40% YTD sales 180 232 28.89% November median sale price 459K 510K 13.33% YTD median sale price 632.5K 602.5K -4.74%

November single-family home sales increased to 4,539 from 3,290 during the same month last year. This is the best November for sales since 2005, when there were 4,553 sales statewide. So far this year, 43,652 sales have been recorded, a 22 percent increase from 35,718 sales during the same period in 2011.

"We're winding down a pretty strong year of real estate in Massachusetts. It looks like sales will be the highest since 2006," said The Warren Group CEO Timothy M. Warren Jr. "We're also seeing median prices start to creep up, another positive sign of a healthy market recovery."

The median price for homes sold January through November was $288,000, down 0.35 percent from $289,000 in the prior year. Meanwhile, both single-family homes and condominiums in the Bay State had the same median price in November: $275,000.

"The popularity of condominiums as an alternative to apartment living has increased their pricing more than single-family homes. Last month we saw the unusual statistic that they have exactly the same median price," Warren added.

Condominium sales in Massachusetts also increased in November, rising 33 percent from a year earlier. A total of 1,635 condos sold last month, up from 1,232 in November 2011. Year-to-date condo sales are up 27 percent, increasing to 17,765 from 13,971 a year earlier.

Sudbury condo sales 2011 2012 % change November sales 4 2 -50% YTD sales 32 17 -46.88% Median November sale price 630K 0 -100% Median YTD sale price 597K 635K 6.37%

The median condo price in November jumped more than 7 percent. The median selling price was $275,000, up from $255,950 a year earlier. The year-to-date median price of condos in the Bay State is $276,000, up 2 percent from $270,000 a year ago.

joanne January 08, 2013 at 02:48 PM
I have to say- 9 times out of 10, I check Sudbury Patch before Facebook in the morning-
John January 12, 2013 at 11:22 PM
This is ridiculous.
Kirsten Vandijk January 12, 2013 at 11:48 PM
This, John, is what has become of a once valid source of information. I posted my initial comment as a test and let the Regional Editor know that was the case. What ensued and was approved by the Sudbury Patch Editor as well as the Regional Editor for posting is, unfortunately, what pays the salaries. You will not see the many Realtors in town commenting because they are simply not reading anymore. As for the Real Estate market, you will now start to see more homes coming on the market. We are about to enter the high season when homeowners time their moves according to the school calendars. Let's hope the Sudbury market is getting better--I want that more than anyone!
Kirsten Vandijk January 12, 2013 at 11:51 PM
The stink and bad smell comes from Sudbury when the Sudbury Patch Editor posts personal attacks unchecked because of bias. Plain and simple, Karla. Fucci created this mess and you as his "boss" has found need to clean it up. Not a proud moment!
Kirsten Vandijk January 12, 2013 at 11:57 PM
"But not on request ;)" In other words, not when it gets to the point of readers complaining as in the Top Stories fiasco when various readers complained, asked a question directly to you, and it went unanswered. Oh, I get it now....


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