Newbury MA Condo Property Sales Overview For 2nd Quarter 2013

The Newbury MA condo property sales overview for 2nd quarter 2013 below include stats on average prices, listing volume, and average days on market for the previous several years. Average selling prices offer useful details about the condition of the market, particularly when analyzed in relation to previous time frames. The volume of listings gives us an indication of how active the market is. Thirdly, the days on market represents buyer demand. When analyzed together, these three statistics may help you assess if it is the optimal time to purchase or sell a property, how long that may take, and how much you are likely to pay.

Condo Property Prices for Newbury MA

2nd Quarter Average Price of Real Estate Sold

The average price in Newbury MA for the 2nd quarter decreased -7.82% from $520,000 to $479,333. Prior to that, it increased 20.16% from $432,750 to $520,000. Before that there was a -18.46% change. There is no consistent direction over the last few years.

2008 $792,301
2009 $772,797
2010 $530,696
2011 $432,750
2012 $520,000
2013 $479,333

2nd Quarter Number Of Properties Sold

The Number of properties sold in Newbury MA for the 2nd quarter increased 50% from 2 to 3. In the time frame previous to that, it changed 0% from 2 to 2. Before that was a -60% change. These figures exhibit no consistent direction over the last few years.

2008 3
2009 1
2010 5
2011 2
2012 2
2013 3

2nd Quarter Average Listing Time Frame

The Average listing time frame in Newbury MA for the 2nd quarter decreased -11.11% from 189 to 168. This after it decreased -9.13% from 208 to 189. Before that was a -85.13% change. This is a gradual downward trend over the past few years.

2008 705
2009 987
2010 1399
2011 208
2012 189
2013 168

Newbury MA Condo Property Sales Overview For 2nd Quarter 2013

For additional Newbury MA condo property sales overview for 2nd quarter 2013 or information for neighboring areas, please contact John Wells, REALTOR at Wellsco Realty by calling 978-518-1481 or emailing teamjohn@johnpwells.com. Note: These statistics were obtained from third party sources including county records and the MA MLS Property Information Network, Inc. It is meant to provide a general overview of the real estate market, are not guaranteed accurate, and may not necessarily include every condo transferred in Newbury.

About Editor-John P. Wells

I am a resident of Newburyport and have worked in education, high tech and urban development. My interests in architecture and construction are invaluable to my clients. For more information please visit the Wellsco website.