.

Winchester Home Sales Up in January

Winchester and Massachusetts as a whole saw an increase in home sales in January, according to the latest figures from The Warren Group.

Winchester and Massachusetts as a whole saw an increase in home sales in January, according to the latest figures from The Warren Group.

In Winchester, 16 single-family homes were sold in January 2013, more than a 166 percent increase over the six sold in January 2012.

Single-family home sales in Massachusetts rose more than 10 percent in January 2013 to 2,680 from 2,436 sold in January 2012, and The Warren Group stated that this was the best January for sales since 2007.

"We ended 2012 on a pretty positive note, and this is carrying into January," said Timothy M. Warren Jr., CEO of The Warren Group. "Recent pending sales data are a hopeful sign for a strong spring market. And given low mortgage rates and steady prices, there are positive signs that 2013 will be a second year of recovery." 

The median sale price of a single-family Winchester home decreased slightly in January 2013 to $832,500 from $868,250 in January 2012, but the statewide median price of single-family homes in Massachusetts increased for the fourth consecutive month in January.

Statewide median sale prices rose 6.8 percent in January 2013 to $277,750, up from $260,000 in January 2012, according to the statement. This is the highest median home price for January in three years, adds the statement.

"Low inventory is slowly driving up prices. This should in turn give sellers more confidence to put their homes on the market," Warren said in the statement.

Condo Sales Down in Winchester

Winchester condo sales were down in January, with two sold in 2013 compared to four in January 2012. Meanwhile, condominium sales statewide rose in January 2013, increasing nearly 11 percent to 1,006 from 907 in January 2012, according to the statement. This is the first January since 2008 where home sales broke the 1,000 mark, according to the statement.

Data for the January median sale price of a condo in Winchester for 2013 was unavailable. In 2012, January median condo sale prices were $259,000. Statewide median sale prices jumped more than 7 percent to $275,000, up from $255,950 a year earlier, according to the statement.

Statewide the median condo price in January 2013 slipped nearly 2 percent to $240,000 from $244,500 in January 2012, accoding to the statement. This is the lowest price for condos statewide since 2009, when the median price was $209,900, reads the statement.

[Editor's note: Information from a Warren Group press statement was used in this report.]

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something