|When we take a look at various Metrowest Real Estate Statistics from year to year, we see that the town of Millis has excelled in 3 important areas!
In comparing numbers from 2011-2012, we look at 3 main bits of information – number of homes sold from year to year (this includes single family, multi-family and condos), average days on market (the amount of time it takes to sell a home from listing the home to the time an offer is accepted) and average sales price.
For the city of Millis, in 2011 there were 89 homes sold. That number increased in 2012 to 101! The one number that we don’t mind seeing go down is days on market. In the town of Millis, the days on market did decrease. In 2011, days on market was 163 compared with 1151 in 2012! Thirdly, the average sales price in 2011 was $$289,040, whereas in 2012 it increased to $303,725! Wow – great results in all 3 areas!
Please see details of the report for the city of Millis and keep checking back for more year end real estate statistics for other metrowest towns!
2012 Real Estate Statistics in Millis
Report Run: 2/5/2013 10:19:51 AM
Let’s see how the Metrowest town of Milford, MA fared last year as compared with the year before with regard to home sales. The numbers in Milford look very good! The first set of statistics we look at are the number of homes sold (this includes single family, multi-family and condos). In 2011, Milford sold 255 homes. In 2012, that number jumped to 325 homes sold! The average sale price went down just a bit from $240K in 2011 to $236.5K in 2012. But, the “Days on Market” went down from 133 in 2011 to 117 in 2012! “Days on Market” is the amount of time it takes to sell a home from listing the home to the time an offer is accepted. Overall, great numbers for the town of Milford, MA!
See below for report details and check back for more stats on other Metrowest towns!
2012 Metrowest Real Estate Statistics in Milford
Report Run: 2/10/2013 10:16:54 AM
Lots of good things are happening in the town of Millis, not the least of which is a new library!
Most people know in Metrowest Boston that real estate is hot in Millis because of the schools’ reputation as well.
If you’re considering buying or selling in Millis, you should be interested in how Millis did in the residential real estate landscape in 2011.
So take a look at the chart below and you’ll see some good news for Millis Real Estate. We sold 5 more homes in 2011 over 2010 and while the average sale price dropped a little, it was not dramatic. In Millis and surrounding Metrowest communities, 2011 was a very stable real estate envirnment on the whole. If you would like to see how Millis did at different price points, take a look at the detail report on residential sales in Millis here.
If you’re thinking of buying or selling in Millis this year, give me a call. I would love to help out.
Great news for the town of Millis. Millis had a groundbreaking ceremony last month for their new library which will be on the corner of Exchange St and Main St.. Actual work on the project doesn’t start until spring. It’s been a long time coming, like many other projects in Metrowest. But the good news is that it should be done in just 12 months with a little luck. Expected finish date is January 2013.
This is a major step for the town of Millis. To put the project in perspective , The library is a $7.7 million project, with $2.7 million being provided by the state. It will have 17,800 square feet as opposed to the less than 6,000 sq ft in the old facility.
Congrats to the residents of Millis for getting this done for the town! It improves the quality of life for the residents but also continues to support real estate values in the town – Buyers expect an updated infrastructure and this library was something that was critically needed by the town
Again - Congrats Millis!
See below for the stats on November in MIllis. If we only look at homes sold (single family) we may be a bit shocked that in 2011 we only sold 50% of what was sold in November of 2010. End of year 2011 in Millis is running a bit more slowly than in 2010 but other stats are solid, average home size, sold price per sq ft and the number of days on market year over year is very similar. This may be telling us that the market is starting to stabilize
A more telling analysis will be year over year – Watch for that report for Millis early in January.
Incidentally 3 condos sold in Nov 2010 and 1 condo sold in Nov 2011 along with 1 multi – So a bit slower than last November on all residential types.