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The real estate market for single-family homes in Haverhill, MA has increased in 2013, in both sales and median price, according to data provided by The Warren Group.
From January to September 2013, the median sale price for a single-family home in Haverhill increased 14 percent to $250,000 from $219,000 during the same time period in 2012. For the month of September, the median price stood at $275,700 compared to $210,000 in September 2012, an increase of 31 percent.
Single-family home sales in Haverhill through September 2013 increased 5 percent to 271 from 258 during the same nine-month period in 2012. In the month of September 2013, 44 single-family homes were sold compared to 31 sold in September 2012, an increase of nearly 42 percent.
The median price for a condominium in Haverhill also increased during the first nine months of 2013, according to The Warren Group.
The median condo price in September increased 20 percent to $167,450 from $140,000. Through September 2013, the median condo price increased 5 percent to $157,000, an increase from $149,950 during the same period in 2012.
On the other hand, condominium sales have declined in 2013 through September. From January to September 2013, condominium sales decreased 9 percent to 149 from 164 during the first nine months of 2012. The month of September 2013 was no different, with condominium sales declining 16 percent to 16 sales. There were 19 sales in September 2012.
Although there has been a fair amount of foreclosure activity in Haverhill through September 2013, foreclosure activity declined dramatically compared to the same period in 2012. Through the first nine months of 2013, there have been 57 foreclosure petitions, a 70 percent decline from 189 foreclosure petitions in the first three quarters of 2012. Foreclosure petitions are the first step in the foreclosure process in Massachusetts. Foreclosure deeds – the final step in the Massachusetts foreclosure process – declined 48 percent, from 83 down to 43. Through September, foreclosure auctions declined 71 percent, from 175 in 2012 to 50 in 2013.
