Federally related residential real estate transactions for properties under $400,000 will need evaluations instead of full appraisals, according to a report by the National Association of REALTORS
Weymouth Real Estate Update!!
Weymouth is the second oldest township in the Commonwealth, dating back to 1622. For almost two hundred years the town was a fishing and agricultural community, evolving into a manufacturing hub for shoes in the late 19th century. Remnants of every era, from colonization to industrialization to suburbanization, are evident in the very shape of the community. Rich in history, Weymouth is home to the birthplace of Abigail Adams, wife to U.S. President John Adams and mother to U.S. President John Quincy Adams.
Today, Weymouth is a mature, strongly residential suburb located just south of Boston, with close proximity to the crossroads of Route I-93 (128) and Route 3. The community is nicely situated for easy access to Cape Cod and the Greater Boston area. Three MBTA commuter rail stations provide quick transportation into the city, as well. Unlike traditional New England towns, Weymouth has no downtown center. Rather it has four village centers, each featuring its own blend of historic buildings, land use, and open space.
In November and December 2018, single family home sales stayed the same as last year: 99 single family homes sold in 2018 and 99 single family homes sold in 2017. Days on market also stayed about the same: 52 days in 2018 and 50 days in 2017. There was a small increase in prices this year to $436,198 compared to the average sale price of $433,561 in 2017.
Condominium sales in Weymouth increased this year. Forty-five condos sold in 2017 during November and December while 85 sold in the same time period this year. The days a condo stayed on the market increased this year: 58 days in 2018 compared to 40 days in 2017. We see a big increase in the price of a condo this year to $354,152 from $253,961 in 2017.
Looking to buy or sell your home? Contact EXIT Realty All Stars, with offices in Braintree and Brockton!
Jose E Perez is the broker and owner of EXIT Realty All Stars located in Braintree, and Brockton MA, helping both buyers and sellers with all of their real estate needs. He previously worked for Centu....