The Charlton Homes For Sale Market Report

 

Charlton is seeing a good seasonal bump from all the August closings, and (so far) a tepid fall market with lower inventories. There's not much change here, but there's a little. If there was less new construction, the market might even look a little tighter, but the rising $/sq foot numbers (now at $138) tell us that the market is definitely improving. Charlton is up 15% or so off the lows by this metric, (although the average sale prices haven't moved appreciably).

 

 

 

Very high percentage of bank impacted inventory. With 17 out of 83 homes, that's about 19% of the market. Too high, and shows that sellers are more optimistic, but there's still a lot of unresolved debt out there in the marketplace.

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All that debt adds market time to properties, and makes it harder for the market to find true equilibrium - and also keeps a lid on prices.

 

Charlton Houses For Sale and Sold Market Statistics - Raw MLS Data

 

  • There are 83 homes (vs. 93 in the last home sales report) listed as For Sale.
  • There have been 61 houses sold in the last 6 months, and 37 homes sold in the last 3 months.
  • The Average number of Days on Market was 148 days for just SOLD homes.
  • There is an Average Market Time of 176 days of the homes For Sale.
  • The Dollars paid per Square Foot in Charlton is $138 (vs. $131 )
  • There was an Average Sold Price of $237,683 for sold homes.
  • Charlton has 6 properties (vs. 5) advertised as lender owned/foreclosure (typically foreclosure) .
  • Charlton has 11 properties (vs. 5) advertised as a short-sale is going to be needed by lender .
  • Charlton “Hot Seller Index” (HSI): 70 Last Report: 66

 

 

*All statistics are for Single Family Houses and based on data in MLS.

 

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About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

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*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.