SalemNews.com, Salem, MA

Local News

December 28, 2012

Housing rings up gains in November

DANVERS — The pristine ranch at 31 Brookside Ave. has two bedrooms, two baths and nearly 1,780 square feet of living space and is nestled at the end of a cul-de-sac in the quiet Beaver Park neighborhood off Maple Street.

It can be yours for $329,900, according to various real estate websites.

The asking price for this house — which has been lowered since it went on sale in late October — is representative of the median selling price of a single-family home in Danvers for the month of November, which was $341,000, according to figures released yesterday by The Warren Group, a publisher of real estate and financial information.

The median home-selling price in town is up nearly 6.6 percent compared with the median price of $320,000 in November 2011, and this price trend is not confined to Danvers.

Both The Warren Group and the Massachusetts Association of Realtors yesterday released reports that show statewide that both home and condominium sales, along with prices, are up in a cold, dreary month not typically associated with lots of open houses.

“The combination of buyer activity and decreasing inventory has pushed median sales prices up in November,” said 2012 MAR President Trisha McCarthy, a broker at Keller Williams Realty in Newburyport, in a statement.

The Warren Group says that statewide, this past November was the best such November for home sales since 2005. The Warren Group said single-family home sales jumped 38 percent last month, compared with November 2011. It’s the largest percentage increase this year. The Warren Group counted 4,539 homes sales in November, up from 3,290 during the same month last year.

“We’re winding down a pretty strong year of real estate in Massachusetts,” said The Warren Group CEO Timothy Warren Jr. in a prepared statement. “It looks like sales will be the highest since 2006.”

The Massachusetts Association of Realtors counted 4,061 sales of detached single-family homes in November, a 29.2 percent increase from the same month last year.

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