Monday, April 29, 2013
Stoneham bucked statewide housing market trends for single-family home sales and the median sale price of those homes.
Stoneham bucked statewide housing market trends in March, with a year-over-year increase in single-family homes sales and a drop in the median sale price, while Massachusetts sales dropped and prices rose, according to the latest figures from The Warren Group. In March, nine single family homes sold in Stoneham, compared to six in the same month last year. Statewide single-family home sales dropped 3.6 percent to 3,100 in March, down from 3,215 in March 2012—the second consecutive monthly decrease in Bay State home sales. In a press release, The Warren Group said the decrease in sales is a sign of shrinking inventory. "Low inventory is plaguing housing markets all over the country, and Massachusetts is no exception," said David Harris, …
Monday, April 8, 2013
As foreclosure activity in Massachusetts continues to drop, Stoneham saw no foreclosure activity at all during February.
As Massachusetts saw its foreclosure activity continue to fall in February, Stoneham saw foreclosure activity come to dead stop. The Warren Group tracks foreclosure petitions, the first step in the foreclosure process, deeds that represent completed foreclosures and foreclosure auction announcements. In February, there weren't any foreclosure petitions or deeds filed against Stoneham properties, and there weren't any auction announcements. In the same month last year, there was one foreclosure petition filed against a Stoneham property and three foreclosure deeds. Statewide foreclosure petitions dropped more than 38 percent year-over-year in February. Deeds dropped 69 percent and auction announcements dropped 76 percent. In a press release…
Monday, April 1, 2013
Home sales were also down across Massachusetts last month, which The Warren Group attributed to low inventory.
Low inventory and a comparison with a strong previous year of sales led to a dip in home sales in Stoneham and across Massachusetts in February, according to The Warren Group. Six single-family homes sold in Stoneham in February, compared to nine sold in February 2012. Statewide single-family home sales dropped five percent year-over-year, reversing 13 straight months of rising sales volume according to The Warren Group. Timothy M. Warren Jr., CEO of The Warren Group, cited low inventory and last year's strong sales in a press release. "Even so, I'm still hopeful for a strong spring market," Warren said in the release. "As more sellers list their homes in the spring, activity will pick back up." So far this year, 15 single-family homes …
Wednesday, March 6, 2013
Foreclosure activity also dropped across Massachusetts in the first month of 2013, according to The Warren Group.
After a year that saw more completed foreclosures in Stoneham than the year before, despite an overall drop statewide, the town is off to a better start in 2013. Stoneham had very little foreclosure activity in January compared to the same month a year prior, as Massachusetts saw double digit decreases in both starts and completed foreclosures, according to the latest report from The Warren Group, publisher of Banker & Tradesman. In January, there was one foreclosure petition—the start of the foreclosure process—filed against a Stoneham property, compared to four filed in January 2012. Statewide, foreclosure petitions dropped almost 30 percent year-over-year and have dropped for three consecutive months, according to The Warren Group, …
Monday, March 4, 2013
The median sale price of a single-family home in Stoneham also fell in January, as statewide sales hit their highest level in five years according to The Warren Group.
Sales of single-family homes in Stoneham doubled in January compared to the same month last year, as statewide sales hit their highest level in five years according to the latest figures from The Warren Group. Ten single-family homes in Stoneham sold in January, compared to five in January 2012. Statewide sales rose more than 10 percent year-over-year, The Warren Group said in a press release, reaching the highest level since 2007. "We ended 2012 on a pretty positive note, and this is carrying into January," said Timothy M. Warren Jr., CEO of The Warren Group, in the press release. "Recent pending sales data are a hopeful sign for a strong spring market. And given low mortgage rates and steady prices, there are positive signs that 2013 …
Tuesday, February 19, 2013
While the number of completed foreclosures in Massachusetts dropped by almost 13 percent in 2012 compared to the year before, Stoneham's completed foreclosures rose slightly.
Stoneham bucked the statewide trend of fewer completed foreclosures in 2012 compared to the previous year, with a slight increase in completed foreclosures compared to 2011, according to the latest figures from The Warren Group. While the town also saw an increase in foreclosure petitions, the first step in the foreclosure process, Massachusetts similarly saw a rise in foreclosure petitions in 2012 as that activity picked up after a slower 2011. The town saw no year-over-year change in foreclosure auction announcements last year. In 2012, 17 foreclosure deeds were filed on Stoneham properties, two more than the 15 filed in 2011, which equates to a 13 percent increase. Statewide, the number of completed foreclosures in Massachusetts dropped…
Monday, February 4, 2013
Single-family home sales in town rose more than 23 percent last year compared to the year before, while condominium sales rose almost 60 percent.
Massachusetts had its best year on record for home sales last year since 2006, according to The Warren Group, and Stoneham mirrored that statewide trend with increased sales of both single-family homes and condominiums. In 2012, 177 single-family homes were sold in Stoneham, a 23.8 percent increase over the 143 sold in town during 2011, according to the latest figures from The Warren Group. Statewide, single-family home sales rose more than 18 percent last year to 46,887, up from 39,594 home sales in 2011. That marks the highest number of sales since 2006 when there were 50,724 sales, according to The Warren Group. "I would characterize 2012 as the year of robust recovery in the real estate market," Timothy M. Warren Jr., CEO of The Warren…
Monday, December 3, 2012
Homes sales in Stoneham were nearly 30 percent higher in October than compared to a year ago, according to the latest figures from The Warren Group.
Homes sales in Stoneham were nearly 30 percent higher in October than compared to a year ago as statewide home sales increased year over year, according to the latest figures from The Warren Group. In October, 18 single-family homes were sold in Stoneham compared to 14 in October 2011, more than a 28 percent year over year increase. Statewide homes sales in October were up 22 percent compared to a year ago. (Click through the photo gallery on the right to see some of the Stoneham homes sold in October, taken from Stoneham Patch's weekly Sold! column.) Year-to-date, 159 single-family homes have sold in Stoneham, a 37 percent increase over the 116 sold during the first 10 months of last year. Year-to-date sales in Massachusetts are up almost…
Tuesday, September 25, 2012
Foreclosures in Stoneham increased slightly in July compared to last year, as there have been more foreclosures year-to-date in 2012, according to a press statement by Boston-based real estate publisher The Warren Group.
Foreclosures in Stoneham increased slightly in July compared to last year, as there have been more foreclosures year-to-date in 2012, according to a press statement by Boston-based real estate publisher The Warren Group. There were seven foreclosure petitions filed for Stoneham properties in July compared to five in July 2011, according to the statement. Year-to-date, there have been 36 foreclosures in Stoneham, up from 21 through July of 2011, according to the statement. The numbers in Stoneham are comparable to state averages. Foreclosures were down 17 percent—from 1,441 to 1,198—in July 2012 compared to July 2011, according to the statement. However, foreclosures are noticeably higher statewide from last year, with 6,856 initiated …
Monday, January 30, 2012
One hundred forty-three single-family homes were sold in 2011, a nearly six percent increase over the 135 sold in 2010, according to data released by The Warren Group.
While Massachusetts saw its lowest number of single-family home sales since 1990 this past year, Stoneham saw an uptick in 2011 compared to 2010, according to the latest data released by The Warren Group. In 2011, 143 single-family homes were sold, a nearly six percent increase over the 135 that were sold in 2010. Statewide, sales dipped nearly six percent to 38,994, down from 41,389. Meanwhile, condominiums sales in Stoneham also saw an increase in 2011 compared to the previous year, while the state saw the fewest number of condos sold since 1995. Sixty-one condos sold in Stoneham in 2011, representing a nearly nine percent increase over the 56 sold in 2010. Stoneham and Massachusetts saw a decrease in home sales in December, reversing a …
Russ
8:45 am on Tuesday, May 7, 2013
Has anyone made the connection to the significant influx of large capacity, low income oriented development projects yet? more ›