Concord Home Sales Up 16 percent in 2012
The median sale price, meanwhile, rose 2.14 percent over 2011.
Concord saw a 16.32 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 221 single-family homes sold in 2012 in Concord, compared to 190 sales in 2011. The median sale price was $715,000 in 2012, up from an even $700,000 the previous year.
December-specific numbers showed a more modest year-over-year increase in home sales here in Concord, and actually a slight decrease in the median sale price.
Concord was not alone in its increased real estate activity. In fact, according to a Warren Group press release,, 2012 Massachusetts home sales were the highest in six years, increasing 18 percent in 2012. In all of 2012, the total number of homes sold statewide were 46,887, an increase from 39,594 home sales in 2011.
"I would characterize 2012 as the year of robust recovery in the real estate market," Warren Group CEO Timothy M. Warren Jr. said in a press release. "It is clear we have turned the corner and are gaining ground rapidly. I contrast the 18 percent gain last year with the decline of 6 percent in 2011."
In Concord, the median sale price increase from $700,000 in 2011 to $715,000 in 2012 represents a 2.14 percent increase.
The statewide median sale price was less than half of the median price here in Concord, but the Warren Group numbers for homes sold in December show an impressive 12 percent increase to $300,000, up from $267,250 the previous year.
Concord Single-Family Home Sales By-the-Numbers
|December Sales||16||17||6.25 percent|
|YTD Sales||190||221||16.32 percent|
|December Median Sale Price||$727,500||$707,500||-2.75 percent|
|YTD Median Sale Price||$700,000||$715,000||2.14 percent|
When it comes to condominiums sales, the Concord stats don’t quite reflect activity across the Commonwealth.
According to the Warren Group, condominium sales rose more than 25 percent in 2011, with the 19,061 condos sold representing the highest number of sales statewide since 2008, when there were slightly more than 20,000 transactions. The median sales price also increased 2.6 percent to $277,000 from $270,000 in 2011.
Here in Concord, there were 46 condos sold in 2012, down 16 percent from the 56 units sold in 2011. On the plus side, those units that sold had a median sale price of $436,000, up 4 percent from $418,850 in 2011.
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