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Tag: average real estate prices

  • Framingham Residential Real Estate Sales (July 2011)

    Framingham Residential Real Estate Sales (July 2011)

    262 Edmands Road, Framingham, MA, (August 2011)
    This home at 262 Edmands Road, topped the list of Framingham, MA residential real estate sales for July 2011, selling for $670,225

    FRAMINGHAM, MA– There were a total of 57 residential real estate sales in Framingham during the month of July 2011.

    Of the properties sold, forty three single family homes were sold at an average sale price of just under $319k, eight condominiums sold at an average price of $112k, five multi-family properties sold at an average of $231k, and one piece of land was sold for $160k.

    Sold properties had been on the market for an average of just under three months, except for the land sale — that property, a 4/10ths of an acre parcel located at 10 Fenwick Street was only on the market for four days, had an asking price of $159,900 and sold for $160,000.

    Topping out the single family residence market, a 10-room, 4-bedroom, 3.5-bath colonial at 262 Edmands Road sold for (more…)

  • March 2011 Residential Real Estate Sales

    FRAMINGHAM, MA – A total of 43 residential properties were sold in the town of Framingham, MA during the month of March, (2011).

    Twenty eight single family homes, ten condos, four multi-family homes and half acre lot on Kendall Street rounded out the residential real estate sales in town for the month.

    The single family homes were on the market for an average of 86 days, and sold for an average of just over $300k, slightly below the average list price for the same properties which was $311k.

    Condo sales were brisk. Units which did sell had only been on the market for an average of 25 to 26 days. Still, buyers were able to purchase the condos for slightly less than asking price, (in most cases). Average condo prices were in the mid-$90k range, with units selling from $40k to just under $250k. The Town’s long standing moratoriums on large-scale apartment complex construction appears to keep demand high for the limited number of existing condominiums in Framingham.

    Four 2-family homes located in Downtown Framingham, (40-44 Alexander St., 61 Lawrence St., 231 Irving St. and 8 Wellington Ave) sold during the month of March.  The multi-family homes which were on the market for an average of five months, (157 days), sold at an average of $176k, slightly less than the average asking price of $187k.

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