Ashland Massachusetts Real Estate Market December 2014
Do you want to see what has happened in the Ashland Real Estate market for the month of December along with year over year comparisons? Below you will see a comprehensive overview of the market in town for the past month as well as year over year results. While you are checking out the Ashland Real Estate report have a look at a realtor guide to Ashland MA Real Estate. See why Ashland is a popular choice of many home buyers relocating into the Metrowest area!
Real Estate Activity For December 2014 vs December 2013
In December of 2014 there were 9 homes that closed within the month for Ashland MA Real Estate. This was a decrease of 1 unit, as there were 10 homes that closed in December of 2013.
The average list price for the homes that closed for December of 2013 was $394,130
The average list price for the homes that closed for December of 2014 was $499,578
The average sale price for the homes that closed for December of 2013 was $370,550
The average sale price for the homes that closed for December of 2014 was $491,950
The average market time for the homes that closed for December of 2013 was 84 days.
The average market time for the homes that closed for December of 2014 was 108 days.
Homes Under Contract For December 2014
4 homes went under agreement in the month of December. The average list price of the homes that went under contract was $429,700. The average time on the market for these homes were 52 days. With only 4 homes going under contract December was a slow month.
January 2012 – 2014 Final Year Real Estate Market Statistics For Ashland Massachusetts
For the period of January to December of 2014 there were 145 properties sold.
For the period of January to December of 2013 there were 153 properties sold.
For the period of January to December of 2012 there were 129 properties sold.
For the period of January to December in 2014 the average list price was $415,452, the average sale price was $409,797 and the average time on the market was 68 days.
For the period of January to December in 2013 the average list price was $394,724 the average sale price was $387,466, the average market time was 69 days.
For the period of January to December in 2012 the average list price was $364,037 the average sale price was $354,900 and the average market time was 104 days.
Current December Home For Sale Inventory Levels
The are currently 12 homes on the market. The average list price of these homes for sale is $510,158. The average days on the market is 122. The amount of homes for sale decreased by twelve homes for sale over last months levels. With only 12 homes for sale this is the lowest inventory I have seen in my 28 year career of selling homes!
Ashland MA Real Estate Market Analysis
Real Estate Analysis For 2013
In 2013 the Ashland Real Estate market had a very large increase in the number of sales compared to 2012. The real estate market in Ashland was very different than in previous years as was the case for numerous towns in the Metrowest area. The market in fact turned from a buyers market into a full fledged sellers market. What we saw was a market shaped by low inventory combined with exceptionally attractive interest rates.
The beginning of the 2013 real estate market was actually shaped by homes going under contract super fast and close to asking prices. In a number of cases there were homes that sold in the first couple of weeks they were for sale. In some circumstances buyers were under pressure to pay more than asking prices as multiple bidders on a property was not uncommon. The latter half of 2013 settled into a more balanced market.
Home inventory levels have been consistently below the averages of the last 4-5 years throughout the entire past year.
Low home inventory levels are always a good sign for those considering to sell their property as they typically will bring up housing prices. Moving into 2014 we are set up to see a very similar Spring market that we experienced last year. Inventory right now is at the lowest I have seen in my twenty seven years in the business.
For 2013 there were 153 sales. In 2012 there were only 129 so Ashland saw a significant jump in their sales volume.
Current 2014 Real Estate Analysis
Ashland’s real estate market this year was remarkably similar to last. While the first quarter started out slower than in previous years the rest of the year was steady throughout. Last year there were more homes sold but only by a marginal amount.
Inventory of homes for sale right now is at record levels. With only twelve homes for sale, inventory is the lowest I have seen it in the twenty eight years I have been selling real estate.
The market for the first quarter of the year is poised to be a good one for home sellers with so few homes available for purchase. While this time of year is slower for showing activity buyers do not have any choices so will be forced to act quickly when a good home becomes available.
Ashland had a decent month for closed transactions in December with nine sales. This was a similar amount of sales as last year when there were ten closings.
Year to date sales vs last year
There were 145 homes sold this year. In 2013 there were 153 homes sold in Ashland. The market this year compared to last was nearly identical with only a handful less homes sold.
The above Ashland Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.
Click the link to see all Ashland Mass Homes For Sale.
You can see the previous months transactions in Ashlands November real estate report for 2014.