News By Tag
News By Location
Quincy MA Real Estate Report - 2011 Recap
Red Hot Real Estate Report - The unfiltered truth about the Quincy MA real estate market in 2011 and today
So how does 2011 compare? The average single family home in Quincy had a sale price of $316,143, which is a 3% decrease from 2010 (Average Sale Price in 2010 - $325,394). In 2011, 24% of the single family homes sold were in the price range of $250,000 - $299,999. Coming in second was the $300,000 - $349,000 price range at 20% of the homes sold. Quincy did experience an increase in the number of transactions in 2011, which is a good sign that more buyers are entering the market.
“One of the biggest trends we experienced in 2011 was that buyers were less interested in homes that require a great deal of work,” states Madelene Cheney, Broker/Owner of Red Door Real Estate. “To compete with lower priced bank owned properties homeowners should put their best foot forward and prepare their home for sale by making minor repairs or reducing clutter prior to listing their home on the market.” The market is flooded with many bank owned properties that are in poor condition. The average homebuyer is looking for a home that is priced competitively but is still in “move in” condition. Taking a proactive approach, Red Door Real Estate started offering home staging consultations for their clients to help prepare their home for sale.
Red Door Real Estate is a locally owned and operated real estate company located at 222 Sea Street, Quincy, MA. For more detailed information on home prices in your specific neighborhood contact Red Door Real Estate at (617) 553-1880 or visit us at http://www.RedDoor-
# # #
Full service real estate company servicing Quincy MA, Weymouth MA, Braintree MA and the entire South Shore Massachusetts. Helping home buyers find their dream home. Creating aggressive marketing plans to get your home SOLD!