Characteristics of Home Buyers 1 34% First-time Home Buyers - - PDF document
Characteristics of Home Buyers 1 34% First-time Home Buyers - - PDF document
Characteristics of Home Buyers 1 34% First-time Home Buyers Largest generational purchasing group 77% were 35 or younger 25% were age 36-50 Typical buyer was 44 years old with median household income of $86,100 67%
Characteristics of Home Buyers
- 34% First-time Home Buyers
- Largest generational purchasing group
- 77% were 35 or younger
- 25% were age 36-50
- Typical buyer was 44 years old with median household income
- f $86,100
- 67% were married couples, 15% single female, 9% single men
and 7% unmarried couples.
- 67% of home buyers had children living at home.
- 13% purchased a multi-generational home
- take care of aging parents
- cost savings
- children over 18 moving back
- 36-50 age group most racially diverse group of home buyers
- 25% identified as Hispanic/Latino, black/African
american, or Asian/Pacific Islander
- Generationally why they purchased?
- Under 35 & 36-50 - desire for home ownership
- 51-60 - desire for home ownership
- 61-70 - retirement
- 70-90 - to be closer to family and friends
1 NAR Home Buyers and Sellers Generational Trends
1
Data Source: MLSPIN; Map prepared by Coldwell Banker Residential Brokerage. Data may not reflect all real estate activity in a town.
Massachusetts Average Sold Price - Single Family Homes January - September 2016
Wrentham Worthington Worcester Woburn Winthrop Winchester Winchendon Wilmington Williamsburg Wilbraham Whitman Whately Weymouth Westwood Westport Weston Westminster Westhampton Westford Westfield Westborough West Springfield West Newbury West Brookfield West Bridgewater West Boylston Wenham Wendell Wellesley Webster Wayland Watertown Warwick Warren Wareham Ware Waltham Walpole Wales Wakefield Uxbridge Upton Tyngsborough Townsend Topsfield Tewksbury Templeton Taunton Swansea Swampscott Sutton Sunderland Sudbury Sturbridge Stow Stoughton Stoneham Sterling Springfield Spencer Southwick Southbridge Southborough Southampton South Hadley Somerville Somerset Shutesbury Shrewsbury Shirley Sherborn Shelburne Sharon Seekonk Scituate Saugus Salisbury Salem Rutland Russell Royalston Rowley Rockport Rockland Rochester Revere Rehoboth Reading Raynham Randolph Quincy Princeton Plympton Plymouth Plainville Plainfield Phillipston Petersham Pepperell Pembroke Pelham Peabody Paxton Palmer Oxford Orange Oakham Norwood Norwell Norton Northfield Northbridge Northborough Northampton North Reading North Brookfield North Attleboro North Andover Norfolk Newton Newburyport Newbury New Salem New Braintree New Bedford Needham Natick Nahant Montgomery Montague Monson Milton Millville Millis Millbury Milford Middleton Middleboro Methuen Merrimac Mendon Melrose Medway Medford Medfield Maynard Mattapoisett Marshfield Marlborough Marion Marblehead Mansfield Manchester Malden Lynnfield Lynn Lunenburg Ludlow Lowell Longmeadow Littleton Lincoln Leyden Lexington Leverett Leominster Leicester Lawrence Lancaster Lakeville Kingston Ipswich Huntington Hull Hudson Hubbardston Hopkinton Hopedale Holyoke Holliston Holland Holden Holbrook Hingham Heath Hawley Haverhill Hatfield Harvard Hardwick Hanson Hanover Hampden Hamilton Halifax Hadley Groveland Groton Greenfield Granville Granby Grafton Goshen Gloucester Gloucester Gill Georgetown Gardner Freetown Franklin Framingham Foxboro Fitchburg Falmouth Fall River Fairhaven Everett Essex Erving Easton Easthampton East Longmeadow East Brookfield East Bridgewater Duxbury Dunstable Dudley Dracut Dover Douglas Dighton Deerfield Dedham Dartmouth Danvers Cummington Conway Concord Colrain Cohasset Clinton Chicopee Chesterfield Chester Chelsea Chelmsford Charlton Charlemont Carver Carlisle Canton Cambridge Burlington Buckland Brookline Brookfield Brockton Brimfield Bridgewater Braintree Boylston Boxford Boxborough Bourne Bourne Boston Boston Bolton Blandford Blackstone Billerica Beverly Bernardston Berlin Berkley Belmont Bellingham Belchertown Bedford Barre Ayer Avon Auburn Attleboro Athol Ashland Ashfield Ashby Ashburnham Arlington Andover Amherst Amesbury Agawam Acushnet Acton Abington
Average Sold Price $32,000 - $150,000 $150,000 - $200,000 $200,000 - $250,000 $250,000 - $300,000 $300,000 - $350,000 $350,000 - $400,000 $400,000 - $500,000 $500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000 $800,000 - $900,000 $900,000 - $1,000,000 $1,000,000 - $2,700,000 No Data
CBRB Office Locations
PROPERTY TYPE UNITS Single Family 60 Condo 1 Multi-Family 17 Mobile Home 4 Land 67
Column Chart
18 35 53 70 Single Family Condo Multi-Family Mobile Home Land
67 4 17 1 60 Pie Chart 45% 3% 11% 1% 40%
Single Family Condo Multi-Family Mobile Home Land
Current Inventory Active on Market
1
PROPERTY CHARACTERISTIC UNITS RE-Sale 56 New Construction 7 REO 19 15 30 45 60 RE-Sale New Construction REO
19 7 56 23% 9% 68%
RE-Sale New Construction REO
Inventory Make-Up
1
11/20/2016 Single-Family Properties sold during the last 5 years within Ware, MA
Average Sold Price Trend By Year
1
This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
Published by Coldwell Banker Residential Brokerage Published by Coldwell Banker Residential Brokerage Page 1 of Page 1 of Massachusetts $449,154 Belchertown $273,899 Palmer $178,519 Sturbridge $293,598
11/20/16 Printed
within Massachusetts, CT
Properties Sold YTD - Five Year Comparison
Single-Family Properties
Published by Coldwell Banker Residential Brokerage
This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
Massachusetts 46897 Belchertown 165 Palmer 119 Sturbridge 136 17 Additonal Currently Pending
Average Days on Market (DOM) Massachusetts 86 Belchertown 122 Palmer 120 Sturbridge 112
Absorption Rate
Single-Family Properties sold during the last 12 months within Ware, MA
(By 50K Price Bands)
11/20/16 Printed on: Current Active Inventory Months of Available Closed Sales as %
- f Total
Price Bands Sold In Prior 12 Months $0K - $49K 7 2 3.43 8.05 % $50K - $99K 11 11 12.00 12.64 % $100K - $149K 13 12 11.08 14.94 % $150K - $199K 28 8 3.43 32.18 % $200K - $249K 15 11 8.80 17.24 % $250K - $299K 11 7 7.64 12.64 % $300K - $349K 2 8 48.00 2.30 % $350K - $399K 1 0.00 0.00 % $400K - $449K 2 0.00 0.00 % $450K - $499K 0.00 0.00 % $500K - $549K 1 0.00 0.00 % $550K - $599K 0.00 0.00 % $600K - $649K 0.00 0.00 % $650K - $699K 0.00 0.00 % $700K - $749K 0.00 0.00 % 63 87 8.69 100.00 % All Price Bands
This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.
Page 1 of Published by Coldwell Banker Residential Brokerage 1 Massachusetts 3.06 Belchertown 5.17 Palmer 3.02 Sturbridge 2.59
Hot Topics
- TILA - RESPA
- Inventory
- Appraisals
- Smoke & Carbon Detectors
- Interest Rates
- Mandatory Energy Scoring
- Accessory Dwelling Units
- Short-Term Rentals
- Copper Theft