Wednesday, March 27, 2013
Lexington's slight downturn in home sales over a year ago mirrors activity across the commonwealth, but bucks the trend in Middlesex County.
With the low housing inventory creating bidding wars and stagnating home sales across Massachusetts, home sales in Lexington so far this year have reflected both of those dynamics, according to a recent report by The Warren Group, publisher of Banker & Tradesman. According to the report, single-family home sales through February are down more than 16 percent from last year, with 31 homes sold the first two months of 2013, compared to 37 sales during the same time period last year. However, the median sale price on those transactions checks in at a healthy 20-plus percent higher, at $810,000 compared to $672,000 in 2012. Similarly, condo sales have fallen off from last year in terms of number, but the median sale price has risen …
Thursday, February 7, 2013
Although there was no chance in the number of completed foreclosures, Lexington saw more people start the foreclosure process in 2012 compared to 2011.
Along with a 10 percent increase in home sales in 2012, the total number of completed foreclosures in Lexington decreased last year, according to statistics gathered by the Warren Group, the Boston-based real estate and banking information publishers for New England. At the end of 2012, Lexington had a total of 6 foreclosure deeds, the same as in 2011. Foreclosure deeds represent a completed foreclosure, according to the Warren Group press release. Lexington did see fewer foreclosure auctions in 2012, dropping 35.71percent from 28 auction 2011 to 18 in 2012. Although the number of foreclosure auctions dropped in 2012, Lexington did see an uptick in foreclosure petitions, which represent the first step in the foreclosure process in …
Monday, February 4, 2013
The median sale price, meanwhile, rose 3.28 percent over 2011.
Lexington saw a 10.02 percent increase in single-family homes in 2012, according to statistics gathered by the Warren Group, the Boston-based real estate and banking publishers. The year-end numbers indicate 450 single-family homes sold in 2012 in Lexington, compared to 409 sales in 2011, with the median sale price increasing as well. December-specific numbers showed no year-over-year increase in home sales here in Lexington, with 35 single-family homes sold the last month in each year. The median home price, however, spiked 20.23 percent to $820,000 in 2012, up from $682,00 the previous year. Lexington was not alone in its increased real estate activity. In fact, according to a Warren Group press release, 2012 Massachusetts home sales …
Thursday, January 3, 2013
The number single-family home sales decreased slightly in November 2012 as median sale prices rose sharply over November 2011, according to a Warren Group report that indicates condo sales increased while prices fell.
A new report from The Warren Group indicates that sales of single-family homes and condos in Lexington are trending in opposite directions. According to the report, released Dec. 27, the number of single-family homes sold in Lexington in November 2012 dropped slightly, from 36 to 34, while the median sales price rose an impressive 53.83 percent over 2011 sales. When it comes to condos, those trends are reversed: Sales are up from 3 in 2011 to 8 in 2012, but the median sale price fell more than 13 percent. For more on Lexington real estate, check out Patch blogger/Local Realtor Kristin Brown-Orr's real estate "Year in Review." Overall, The Warren Group report indicates Massachusetts home sales in November posted the largest year-over-…
Thursday, October 11, 2012
Foreclosure auctions are down, but deeds and petitions in 2012 have increased over Lexington's 2011 numbers.
The overall foreclosure numbers for the commonwealth improved in August to the lowest level of the year so far, while there has been good news and bad news in Lexington. August was the third consecutive month of year-over-year foreclosure deed decreases in Massachusetts, as well as the fewest number of completed foreclosures in any month since February 2011. However, foreclosure deeds year over year have increased by 8.4 percent in the commonwealth, according to The Warren Group, publisher of Banker & Tradesman. "Fewer foreclosures were completed in recent months, which may indicate a greater effort from lenders to find loan alternatives," said Banker & Tradesman Editor Cory S. Hopkins. "As banks continue to return to more normal …
Friday, July 8, 2011
Median sale prices rise, while actual transactions slip slightly, following statewide trend.
Home and condo sales in Lexington during the month of May showed some positive signs, while the actual number of transactions has stayed relatively steady compared to last year. According to data from the Warren Group, Lexington’s single-family home sales dropped just a bit in May. The 43 single families-sold represent a 4.44 percent decrease from the previous year, when 45 homes were purchased. While fewer houses sold, they’re fetching higher prices, according to Warren Group data. The 43 single-families that sold this May had a median sale price of $774,500, nearly a 10 percent increase over the median price of houses that sold in Lexington last May, when the median sale price was $679,000. Condo sales, although a far smaller sample, …
Patrick Ball
2:35 pm on Wednesday, March 27, 2013
Thanks, Julie, that's a fair point you raise. Unfortunately, there is simply not enough space in a headline to always tell the whole story, which in this case I think is the limited available inventory's impact on sale price and volume. Still, a better headline probably would ave been something like "Home Sales Dip While Prices Climb." Thanks for reading and responding! -pb more ›