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REPORT: Bedford Home, Condo Sales Increase in 2012

Both the number of single family home sales and condo sales in Bedford in November, as well as throughout 2012, increased over 2011, according to a report by the Warren Group

 

A new report from The Warren Group indicates that sales of single-family homes and condos in Bedford are trending in the same direction. 

According to the report, released Dec. 27, the number of single-family homes sold in Bedford in November 2012 increased slightly, from 8 to 10, while the median sales price decreased by 23.9 percent over 2011 sales. When it comes to condos: Sales are up 100 percent from 2011 to 2012, and the median sale price so far this year fell more than 8 percent. 

Overall, The Warren Group report indicates Massachusetts home sales in November posted the largest year-over-year percentage increase over 2011 and was the 11th consecutive month of gains, while home and condo prices leveled out across the commonwealth.

“We’re winding down a pretty strong year of real estate in Massachusetts,” said Timothy Warren, Jr., CEO of the Warren Group, in the press release. “It looks like sales will be the highest since 2006. We’re also seeing median prices start to creep up, another positive sign of a healthy market recovery.”

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According to the report, Massachusetts single-family home sales rose 38 percent in November 2012, with 4,539 sales as compared to 3,290 in 2011. Meanwhile, the median price of a single-family sold in Massachusetts this November was $275,000, up from $270,000 during the same month last year.

Here’s a by-the-numbers look at Bedford Single-Family Home Sales in November 2012:

Category 2011 2012 % Change November Sales 8 10 25 percent Year to Date Sales 110 132 20 November Median Sale Price $568,316 $432,750 -23.85 YTD Median Sale Price $505,000 $526,500 4.26

Condo sales in Massachusetts also increased in November, according to the Warren Group report, rising 33 percent over November 2011.

In Bedford, there was a 100 percent increase in condo sales, although that number is less dramatic considering the sample size: 2 condos sold in November 2012, up from 1 a year earlier.

While the median condo prices across the commonwealth increased both for November and year-to-date, it’s a different story here in Bedford, where the median sale price remained the same for November and decreased by more than 8 ercent for the year.

Here’s a by-the-numbers look at Bedford Condo Sales in November 2012:

Category 2011 2012 % Change Condo Sales 1 2 100 percent YTD Sales 21 43 104.76 November Median Sale Price 0 0 YTD Median Sale Price $518,000 $473,000 -8.69


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