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Amesbury, MA Home Prices Flat Through November 2014

Jan 15, 2015 12:25:30 PM

The median price of a single-family house in Amesbury, Massachusetts increased just 0.2 percent over the first 11 months of 2014, according to data compiled by the Massachusetts Association of Realtors. 

Amesbury, MA real estateThrough November 2014, the median price of a single-family house increased to $305,750 compared to $305,000 during the same 11-month period in 2013. In November, the median price increased 5 percent to $315,000 compared to $299,950 in November 2013. Home buyers on average paid 96.3 percent of the original list price in November and 95.7 percent of the original list price from January through November. 

Single-family home sales in Amesbury, MA declined to nine from 12 in November. Home sales dropped 14.6 percent through the first 11 months of the 2014. There were 164 single-family home sales in 2013 and 140 in 2014. Pending sales also declined. 

Despite the decline in sales, inventory remains low in Amesbury; however, not as tight as in some other surrounding communities. There were 42 homes available in November, a 17.6 percent decline from the 51 homes available in November 2013. There was 3.2 months of supply in November, down from 3.5 months of supply in November 2013. There were just seven new single-family home listings in November compared to 12 in November 2013.

Condominium prices in Amesbury declined in November and through the first 11 months of 2014. The median condo price in November declined 25 percent to $180,000. From January through November, the median condo price was $167,500, a 8 percent decline from $182,000 during the same period in 2013. Home buyers paid 94.4 percent, on average, of the original list price in November and 95.4 percent through November 2014. 

There were seven condominium units sold in November 2013 and November 2014, but condo sales increased 13.3 percent through November to 94 units sold. Pending condominium sales were up in November and through November 2014.

There were 31 condo units available as of November 30, 2014, three less than on the same date in 2013. There were 3.6 months of supply available in November and eight new listings.

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Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Amesbury MA

   

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