Newbury MA Single Family Property Sales Summary For 2nd Quarter 2013

Sales volume and prices dropped in Newbury in the second quarter of 2013 compared to previous years. The Newbury MA single family property sales summary for 2nd quarter 2013 below detail numbers on average prices, number of listings, and marketing time frames for the last several years. Average selling price provides useful details about the condition of the real estate market, particularly when compared to previous time frames. The volume of listings reflects how active a market is. Thirdly, the average days on market demonstrates demand. When analyzed together, these 3 statistics will help you assess if it is a good time to buy or list a home, how long that may take, and the price you are likely to pay for a property.

Single Family Home Prices for Newbury MA

2nd Quarter Average Sale Price

The average price in Newbury MA for the 2nd quarter decreased -3.74% from $421,712 to $405,951. Prior to that, it decreased -14.98% from $496,040 to $421,712. Prior to that was a 41.11% change. There is no consistent pattern across the past few years.

2008 $556,334
2009 $478,714
2010 $351,521
2011 $496,040
2012 $421,712
2013 $405,951

2nd Quarter Total Number Of Homes Sold

The Total number of homes sold in Newbury MA for the 2nd quarter decreased -32% from 25 to 17. In the time frame previous to that, it increased 38.89% from 18 to 25. Prior to that was a 28.57% change. This most recent decline is a change from the trend over past years.

2008 23
2009 7
2010 14
2011 18
2012 25
2013 17

2nd Quarter Average Listing Time Frame

The Average listing time frame in Newbury MA for the 2nd quarter decreased -1.49% from 134 to 132. In the time frame before that, it decreased -52.65% from 283 to 134. Prior to that was a 154.95% change. These figures present no consistent pattern across the last few years.

2008 174
2009 358
2010 111
2011 283
2012 134
2013 132

Newbury MA Single Family Property Sales Summary For 2nd Quarter 2013

For more Newbury MA single family property sales summary for 2nd quarter 2013 or information for other cities and towns, please contact John Wells, REALTOR at Wellsco Realty by calling 978-518-1481 or emailing teamjohn@johnpwells.com. Note: These statistics were received from third parties including county records and the MA MLS Property Information Network, Inc. They are intended to offer a general overview of the real estate market, are not guaranteed accurate, and might not include every single family sold 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.