Pinnacle Residential Properties Announces Year End Housing Statistics Available for Dover Homes for Sale

Share Article

A detailed year-end Dover real estate review and analysis is now available from Pinnacle Residential Properties.

Dover Homes for Sale

To receive a free copy of the report contact Pinnacle at 781-237-5000 or visit the company’s web site.

A detailed year-end Dover real estate review and analysis is now available from Pinnacle Residential Properties.

Elaine Bannigan, owner of Pinnacle, said “National and even regional real estate statistics are not necessarily relevant as market conditions vary by town and further, by price range within each town. Each town has its own set of circumstances that make detailed town analysis the only way to analyze local conditions. In order to make informed decisions, buyers and sellers must have this important data.”

This year-end Pinnacle Report compares residential MLS property sales in Dover from 2010 to 2011.

In Q4 there were a total of 9 sales in Dover, versus 10 in 2010, 20 in 2009 and 14 in 2008. By year-end, Dover transaction volume decreased 27% from 2010 and total dollar volume dropped 16%; however, the median price increased 9%. This is due to the fact that the number of sales of properties priced under $1M dropped from 2010, due to the expiration of the Government incentives, while sales over $1M increased. Dover houses took longer to sell this year; average market time increased 18% from 2010 (but still faster than 2009 or 2008).

On the supply side, the 2011 single family inventory was roughly 25% greater than that of the same peak season selling weeks in 2010.

In sum, the Dover real estate market was characterized by a predictable decrease in transaction volume in the lower price ranges, an increased supply, but more realistic pricing and healthier demand in the trade-up markets.

To receive a free copy of the report contact Pinnacle at 781-237-5000 or visit the company’s web site.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Vincent Spoto
Visit website