Newton, MA Single-family Home Prices Drop, Sales Rise February 2012

June 15, 2012 - PRLog -- The median price of single-family homes in Newton, Massachusetts decreased in February 2012 while sales increased, according to data analyzed by Buyers Brokers Only LLC, the largest exclusive buyer agent real estate firm in Massachusetts. (http://BuyersBrokersOnly.com)

The data were compiled using MLS Property Information Network, Inc, a local multiple listing service.

The median price of single-family homes fell 8.5 percent in February 2012 compared to the previous year, a difference of $69,750.  Single-family home sales in Newton, MA increased 50 percent in February 2012, a difference of nine sales compared to February 2011.  

The median price of condominiums increased 36.6 percent in February 2012, a difference of $152,250 compared to the previous February. Condominium sales fell 16.7 percent in February 2012, a difference of two sales compared to February 2011.

Multi-family home prices rose 3.1 percent in February 2012, a difference of $15,000 from February 2011. Multi-family home sales rose 200 percent, a difference of four sales compared o the previous February.

Newton, Massachusetts Real Estate Market Report

                          Sales / Median Price

Single family

February 2011 – 18 / $824,750
February 2012 – 27 / $755,000

Condominiums

February 2011 – 12 / $415,500
February 2012 – 10 / $568,750

Multi family

February 2011 – 2 / $490,000
February 2012 – 6 / $505,000


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