real estate

Home sales, prices rise in Bristol County, Mass. in January

SINGLE FAMILY HOME and condo sales both rose 9 percent in Bristol County, Mass. in January.
Posted 2/26/13

BOSTON – Single-family home sales and the median price of those sales rose 9 percent in Bristol County, Mass. in January compared with the same month in 2012, The Warren Group said Tuesday.

The Boston-based real estate tracking firm reported 196 Bristol County houses sold in January, up from 180 in January 2012.

The $226,800 median price of those January sales increased from the $207,250 median in January 2012.

The Bristol County market followed the rest of Massachusetts, where statewide January sales rose 10 percent and the median sale price rose 7 percent year over year to $277,750.

“We ended 2012 on a pretty positive note, and this is carrying into January,” said The Warren Group CEO Timothy Warren Jr. “Recent pending sales data are a positive sign for a strong spring market. And given low mortgage rates and steady prices, there are positive signs that 2013 will be a second year of recovery.”

In other area of the market, Bristol County condominium sales increased 10 percent in January compared with the same period in 2012. There were 34 condominiums sold last month, up from 31 in January 2012. The median Bristol County condominium sale price dropped 7 percent year over from $150,000 last January to $140,000 last month.

Statewide condominium sales increased 11 percent year over year in January. The median Massachusetts condominium sale price dropped 2 percent to $240,000 in January from $244,500 last January.

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