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State of the D-S Real Estate Market

Are you thinking of selling your home in Dover or Sherborn and wondering how the real estate market is doing? Here’s a quick snapshot of home sales across Dover-Sherborn in the past year.

 

Are you thinking of selling your home in Dover or Sherborn and wondering how the real estate market is doing? Here’s a quick snapshot of home sales across Dover-Sherborn in the past year.

In Dover, the number of single-family homes sold fell to just 37 homes in 2011, compared to 50 last year. The average sale price this year increased to $1,110,521, compared to $965,315 last year. The average days on the market went up to 236 days, up from 165 days last year.

In Sherborn, 55 single-family homes sold in 2011, up from 38 homes sold last year. The average sale price increased to $828,571 from last year's average sale price of $709,904. The average days on the market increased considerably this year, from 128 days to 211 days.

On average, single-family homes in Dover are selling at 91 percent of their assessed value, while homes in Sherborn are selling at 102 percent of their assessed value.

While these figures aren’t statistically significant, they do provide an indicator of how healthy the real estate market is in our area.

If you’re considering putting your home on the market, you’ll want to find out what comparable homes (i.e., homes of similar age, style, size, neighborhood, and amenities) have sold for to get a real sense of the fair market price. You can also ask your listing agent for advice on maximizing the value of your home.

Compiled from MLS data, courtesy of Kyle Mann of Hallmark Sotheby’s International Realty

scottarroyo December 24, 2011 at 09:39 AM
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