Waltham, MA (PRWEB) June 19, 2012
McGeough Lamacchia Realty compared home sales in April 2012 to sales in April 2011 and found the 10 towns in Massachusetts which showed the largest increases in both the number of homes sold and the average home selling prices. John McGeough and Anthony Lamacchia, co-brokers and owners of McGeough Lamacchia Realty, consider these factors to determine whether a town is becoming a sought after location for homeowners.
McGeough Lamacchia Realty has seen overall home sales in Massachusetts increase for the fourth consecutive month this year. There has been a 15 percent increase in the number of homes sold in Massachusetts for the first four months of 2012 compared to the same period in 2011.
“This is the best housing market we’ve seen in five years,” says John McGeough.
McGeough Lamacchia Realty also says more home buyers chose these 10 towns to move to because of home affordability, their school systems, variety of things to do, outdoor recreation, easy commutes, and overall quality of life.
“A couple of these towns were even finalists last year for Money Magazine’s of Best Places to Live in America.” says co-broker owner Anthony Lamacchia.
Here is the list of the 10 most popular towns in Massachusetts Real Estate this spring:
1. Groton
Groton tops the McGeough Lamacchia Realty list as a town that enjoyed the biggest increase in the number of home sales. The spring housing market in Massachusetts has shown a strong start in many communities, but Groton saw a 200 percent increase in the number of homes sold. Most of these were single-family homes, which had an average selling price of $458,630, an increase of almost 90 percent over last year.
2. Peabody
There were 126 percent more home sales in Peabody in 2012 compared to last April for all home types. Single family homes sold for an average of $283,809, an 11 percent increase over April of last year.
3. Falmouth
The seaside town of Falmouth comes in third with an 89.74 percent increase for the number of sales for all types of homes and an increase of 91 percent for the number of single family homes sold in April this year compared to last year. A total of 67 single family homes sold in Falmouth last month for an average price $407,493, a 4 percent increase compared to last year.
4. Abington
The town of Abington had an 81 percent increase in the number of homes sold in April of this year compared to last April, and average prices for all home types increased 4 percent. The average price for a single family home in Abington is $292,449. Abington was a finalist for Money’s Best Places to Live in America in 2011.
5. Fall River
The housing market in Fall River shows signs of improvement from last year. Fall River had a 76 percent increase in the sales all home types, and a 16 percent increase in average selling prices. There was a 58.8 percent increase in the number of single family properties sold in Fall River. Average selling prices for condos increased almost 55 percent compared to last April.
6. Watertown
Watertown had a 64.71 percent increase in home sales. Most of these sales were condos, which increased 183 percent over last year. The average selling prices for both condos and single families in Watertown increased as well: 17 percent for single family homes and 3.75 percent for condos.
7. Wareham
Wareham had a 60 percent increase in the number of home sales in 2012 and a 38 percent increase in average home value. Wareham is very affordable with the average selling price for a single family home going for around $173,209.
8. Haverhill
Haverhill showed a 58 percent increase in home sales in April and a 12 percent increase in average selling price for all home types. The average price for a single family home in Haverhill is $204,096.
9. Worcester
46 percent more homes sold in Worcester this April compared to last April, with a 73 percent increase in single family homes, 31 percent increase in condo sales, and 9.68 percent increase in multi-family properties. Single family home average prices increase 4.54 percent over April last year. Worcester was a finalist in Money’s Best Places to Live in America last year.
10. Quincy
Quincy has been one of the most popular cities to live in Massachusetts because of its proximity to Boston, major highways, and historic attractions. The number of homes sold in Quincy in April increased 43 percent compared to last year, with an increase of 75 percent in the number of single family homes sold. There was an increase in average selling price for all home types of 3.98 percent. Average prices for condos increased 20 percent.
About McGeough Lamacchia
McGeough Lamacchia Realty is the number one Real Estate Agency in Massachusetts and named one of the Top 100 Real Estate Teams by the Wall Street Journal in 2010. They are a full service real estate agency serving home buyers and sellers Massachusetts and New Hampshire.
Learn more about the 10 Hottest Towns in Massachusetts Housing Market
Sources:
McGeough Lamacchia Housing Report, Copyright ©2012 The Warren Group. All Rights Reserved
Money Magazine’s Best Places to Live in America.
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