Dracut Home Sales Tick Higher, Condo Sales Down Sharply In December
Feb 07, 2017 02:00PM
By Bill Gilman
In Dracut, there were 29 single-family homes sold in December, a slight increase of 3.6 percent. But for all of 2016, there were 362 homes sold. That's a whopping increase of 30.7 percent over 2015.
The median sale price of a single-family home in December in Massachusetts reached $340,000, a 1.5 percent increase from $335,000 in December 2015. For the full year of 2016 prices are up 1.5 percent from the prior year, with a median sale price of $345,000.
In Dracut, the median sale price of a single-family home sold in December was $295,000. That's up 4.9 percent over December 2015. For the year, the average sale price was $301,100, up 5.1 percent over 2015.
“After robust sales in the first six months of 2016, the market cooled a bit in the second half,” said Timothy Warren, CEO of The Warren Group. “Nevertheless the number of single-family home sales for the full year increased by more than 10 percent for the second year in a row. The increase in the median sale price was more modest. It has increased by less than 3 percent for three years in a row.”
The number of condominiums sold in December increased by 2.5 percent, with 1,995 sold compared with 1,946 sold in December 2015. For the full year of 2016, condo sales increased by 8.5 percent to 23,962 condos sold compared with 22,091 in the prior year.
However in Dracut. just eight condo units sold in December, a drop of 52.9 percent over December 2015. Still, there were 172 condo units sold in Dracut inn all of 2016, a jump of 32.3 percent over 2015.
The median sale price for condos in December reached $325,000, a 3.3 percent increase from $314,610 in December 2015. For the full year of 2016, condo prices are up 4.1 percent with a median sale price of $329,900 compared with $316,885 in the prior year.