Real-Time, Live and Updated Scituate Real Estate Data
The Scituate Real Estate market continues its cyclical changes as one season rolls into another, but the overall economy, unemployment, and lingering uncertainty about the short and long-term market has had its effect on the housing market. The graphs below will be updated weekly so you can stay in tune with the most relevant Scituate real estate data. You can bookmark this page and come back regularly to see where the market has been and where it’s headed. As a buyer or seller of Scituate real estate, it’s prudent to be informed on where the market is headed and how it may affect your your negotiation strategy and overall financial decisions. Local Realtor George Jamieson of Capital Residential Real Estate offers these reports free of charge and can give you a personal assessment on the market and answer your specific questions with regard to the Scituate real estate market. If you have any questions, please feel free to contact George Jamieson at 781-659-2005.
Scituate Real Estate Median Home Values
The median price graph below will show you where Scituate real estate home values have been and where they are headed.
Scituate Real Estate Inventory
Scituate Real Estate inventory is cyclical as more homes typically enter the market in August for the fall cycle and dip back down for the winter months starting in December. Inventory usually starts to pick up as February and March approach for the upcoming Spring market. As you will see in the graph, this is the historical seasonality of Scituate real estate sales. However, during the last few years weathering a recession and longer days on market, homes can sometimes stay on the market throughout the winter and summer as motivated sellers continue marketing their homes throughout the year.
Scituate Real Estate Average Days on Market
Considering average days on market is invaluable market information when buying or selling a home. As a buyer it can provide some leverage in price negotiations and insight into a seller’s level of motivation. If you are selling your home in Scituate, understanding the average days on market may help you zone in on an agreeable listing price. For instance, if your goal is to sell your home in 30-60 days, look at similar homes that have sold in your Scituate neighborhood in that time frame. If they were on the market for 120 days and had multiple price reductions, it would be prudent to be more aggressive with your asking price out of the gate so your home sells quickly. This does not mean “fire sale”, rather pin-point fair market value that buyers will feel is a fair price and more importantly a fair market value price that a bank appraiser will agree with.
Scituate Median Price Per Square Foot
Understanding the importance of the median price per square foot equation is important because this is typically how lenders and bank appraisers compare your property to like kind homes in the neighborhood that have sold, albeit with adjustments for location, age, improvements and other variances. Typically the larger the home, the price per square foot decreases and smaller homes enjoy a higher per square foot value. Take a look at the Scituate median price per square foot graph for yourself and you can see where we’ve been and where we might be headed over the near term.
If you are in need of detailed comparative market analysis or a certified appraisal of your home, please contact George Jamieson of Capital Residential Real Estate for assistance. George’s phone number is 781-659-2005. To search homes in Scituate or throughout the South Shore click here.