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2012 Stoughton Real Estate Market Report

A look at the 2012 real estate market in Stoughton.

Happy New Year Stoughton!  

One of my resolutions is to get back on track with monthly or at least quarterly market reports.  The good news is that 2012 was very busy and it was tough to keep up.  But, to start 2013 out on the right foot, here are the real estate numbers for Stoughton for 2012.

In 2012, there were 199 single family homes sold in Stoughton.* The lowest priced home sold for $72,200.00 and the highest priced home sold at $540,000.00.  The average sales price for 2012 was $271,590.00.

Most homes sold in the $200,000.00 - $300,000.00 price range, with the price ranges on either side of that coming in a close second.  The first chart attached shows the breakdown of home sales in each price range.

So, how did 2012 compare to other years for Stoughton Real Estate?

In terms of number of homes sold, 2012 sales were up from 157 single family homes sold in 2011.   In fact, 2012 saw the highest number of single family homes sold in Stoughton over the past five years, consistent with what we are seeing in surrounding communities.  The second chart shows total single family home sales over the past five years.

Average sales price, on the other hand, while up from 2011, has still not recovered to the 2008 price level.  The third chart attached shows average sales prices over the past five years.  That 2010 average sales price jump we see could very well have been attributed, at least in part, to the first time home buyer tax credit.

The good news for buyers looking to buy a home in Stoughton is that the low prices and low rates continue to make it an attractive time to buy.  For Sellers who have equity in their homes or have owned their homes for a while, it is still a good time to sell as inventory is low.  Well-priced homes in good condition and in a favorable location are moving quickly.  Buyers are out there waiting for the inventory to increase.

Here's hoping 2013 sees continued improvement for the Stoughton real estate market. 

*All data taken from MLS Property Information Network, Inc.  Homes sold outside of the MLS are not included in this data.

 

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About the Author: Christine Smith is a Realtor, Buyer's Agent, Attorney, social media fan, parent and Canton resident. She writes about real estate and events in the Canton area on her blog – Canton MA Events and Real Estate.



This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

EH January 07, 2013 at 10:02 PM
I guess my first comment didn't save or post because I wasn't logged in yet...would be nice if I didn't have to retype my comment (just a general thing for the web master/site management.) Will there be an analysis on the home values trends in Stoughton? What we bought our house for in 2005 vs. what it's worth now...what are the general trends year over year throughout the town?
Christine Smith January 08, 2013 at 12:39 AM
Hi Elizabeth, Thanks for the comment. So, you are looking for home values in Stoughton say for the past 10 years? One of the charts shows them for the past five years but I will be happy to do one for say ten years. It will show average home prices.....may take me a few days to get to it. :) Of course the only way to get an idea of what your particular home is worth today would be to have a REALTOR do a comparative market analysis on it.
Suzanne Arena January 10, 2013 at 06:00 PM
Just curious as a former MA resident, I moved to RI and due to the schools being so lousy....many are moving out. I have a realtor friend trying to put something together, but I would be interested to learn if Stoughton has seen a lot of families moving out like Cranston (which we suspect is due to schools)? I do not know if this is possible to obtain such information, but just wanted to throw it out there. Nice analysis charts, I would think that is very helpful to the community.
Christine Smith January 10, 2013 at 06:30 PM
Hi Suzanne....I thought I was your Realtor friend! :) Seriously though, that data is nearly impossible to track. Most Sellers don't disclose why they're selling & honestly, it's their private information as to why they are Selling so it's not relevant. No listing agent should be disclosing why their Seller is selling without permission from the Seller anyway. So, there's no real way to know. I suppose you could look at school information & then real estate information & see if there's any correlation but it would just be guessing. I know plenty of people who live in Stoughton & send their kids to school here & I've heard no complaints from them about the schools. Of course that's just anecdotal information but based on what I know, that doesn't seem to be the case. People move for a wide variety of reasons. Thanks for the comment!
Christine Smith January 22, 2013 at 04:49 PM
Elizabeth....I just wrote a post looking back all the way to 2002 comparing prices & number of home sales. It should be posted shortly.
Jeffrey Pickette (Editor) January 22, 2013 at 06:53 PM
Hi Elizabeth, here is the aforementioned link about Stoughton's 10 year real estate market trends : http://stoughton.patch.com/blog_posts/stoughtons-ten-year-real-estate-market-trends#c Thanks Christine for that great post!

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