Quincy Massachusetts Real Estate Market Activity - 2009 (October YTD)

Nicknamed "The City of Presidents," the city serves as a major commerce and business center for the Greater Boston region. The city has some characteristics of a suburban bedroom community, with several options for private and public transportation to neighboring Boston. Just a short drive away from Cape Cod, the rocky coast of Maine, the snowy mountains of New Hampshire and all the major urban centers of New England, the city offers a bounty of natural and historic scenery, excellent opportunities for recreation and leisure, and close proximity to the major business and industrial centers of Massachusetts. Visit Quincy MA Real Estate for community, demographic, relocation, school, home buying and selling informatiion.

There have been 323 homes sold in Quincy this year with an average sales price of $329,726.   Over 100 homes have sold in the $300,000-$350,000 price range.  The sales price to list ratio was 96% and the days on market was 98.  There 128 homes currently on the market with an average list price of $427,496.  These homes have been on the market for 101 days.  The lowest priced home was $219,000 and the highest is $1,290,000.  51 homes are under contract with an average asking price of $365,743 and a DOM of 75.  Visit Quincy MA homes for sale to view homes, condos and other real estate available in Quincy.

131 condos are currently listed with an average list price of $307,406. The units have been on the market for 121 days. 46 condominiums are under contract and the average list price is $267,272. The lowest priced condo was $89,900 and the highest sale pending is $625,000. Year to date sold activity in Quincy reports 229 sold units with an average sales price of $248,718. The sales price to list was 95% and the average days on market of 118 days. Condominiums are competing for buyers in the single family market as homes have become more affordable and offer more flexible financing. Quincy first time buyers and foreclosures have contributed to the number of lower priced units being sold.

Information for this report was obtained from the MA MLS system (MLSPin) and is not guaranteed to be accurate. Virtual Homes Real Estate provided the graphs and interperted the results.