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Brighton, MA condos

Brighton, MA Condo Update: Summer Numbers, Fall Predictions

The Brighton condo market has seen a visible change for the better this summer compared to last, and I’ve put together some numbers for you to see.  Notice average prices are up 8%, and days on market as much shorter, 33 days less time on market!  The number of sales during the summer of 2011 and 2012 are fewer but I think this only points to a very dynamic fall.

Brighton, MA condos

One of my favorite statistics is the average sale price to original price ratio.  This number tells us how far apart buyers and sellers are.  The lower the number, the more price reductions and negotiations.  SP:OP in Brighton is up 2%.  It is now at 96%, which means the final sale price is on average 4% lower than the asking price.  A shrinking gap indicated a tightening market.

Expect a busy fall real estate market for Brighton, MA condos.  I have several listings coming on, and sellers are excited to finally be able to move into bigger homes, or sell unwanted investment properties without losing money.  This is the first time since 2008 that I can regularly give home owners in Brighton good news.

Do you want some good news?  Give me a call and let me know if you are ready for a bigger home, or you are sick of being a landlord.  It may not be your time to sell quite yet, but you may be surprised.

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