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Concord MA Market Report

Homes for Sale 6/2/2017: There are 94 single-family properties for sale in Concord; last year at the same time there were 85. List prices on in Concord range from $484,617 to $8,950,000; the median list price is $1,359,000. The median list price last year in Concord was $1,590,000. Luxury home buyers have a variety of options in Concord and with the time on the market in excess of 6 months in many cases, some of these home sellers may be ready to negotiate. There have been 32 price adjustments on 29 properties in Concord since May 1; the average adjustment was -4.42%%. See all of the properties for sale in Concord.



Condominiums for Sale: Concord offers a variety of condo styles including garden-apartment, townhouses, new construction, duplexes, and detached single-family homes; some are age restricted for seniors over 55. There are currently 12 condominiums units for sale in Concord. Prices ranges for condominiums in Concord range from $318,000 for a 1 bedroom, 1 bath apartment-style condo at Concord Greene to $1,494,000 for new construction at Black Birch, an active adult community located near the Thoreau Club on Forest Ridge Road.

Pending Sales: There are currently 45 single-family homes with sales pending and five that have accepted offers and are being shown until contingencies are met.

May Closed Sales: There were 16 closed sales in May 2017, one more than in May 2016. The median sale price of 1,265,000 was substantially higher than in May 2016 when the median sale price of a single-family home in Concord was $741,000. The sale to list price ratio was also higher in May 2017.

Year-to-Date Closed Sales: So far this year as of 5/31 there have been 49 closed sales of single-family homes in Concord. The median sale price was $1,055,000. There were 59 closed sales for the same period in 2016.

2016 Closed Sales: There were 221 closed sales of single-family properties in Concord during 2016; up from 191 in 2015. The median price of $950,000; -1.0% from 2016. Sale Price to original list price was 95.1%; and it took longer to get an offer – average time to offer was 90 days compared with 78 in 2016. 

Price Adjustments:  Many home sellers believe that if they ask more, they will get more and that they need to ask a higher price to leave room to negotiate. Unfortunately for them, that is not generally true; buyers will not make an offer on a property that they believe is over-priced. During 2016, there were 240 price changes/reductions on 129 single-family properties. The average change was -8.40. Correct pricing is the most important part of marketing; it is how your house gets exposed to the right buyers.

Expired Listings: There were also 33 expired listings in 2016 that were on the market for an average of 163 days - these are properties that did not sell during the original listing agreement period. Some were re-listed and have sold while others are still for sale; and some sellers have decided to wait to sell.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Marilyn Messenger, REALTOR
CRS®, ABR®, GRI®,CLHMS, Broker
Direct: 508-596-3501
MarilynMessenger@realtor.com
 
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Recommendations for Marilyn Messenger

Marilyn has superior knowledge of the market and was a terrific communicator with us. She guided us through all of the potential pitfalls and gave great advice on how to proceed through the process. JJ Thorp - Deer Hedge Run
Marilyn Messenger is a true real estate professional. From the beginning, she worked to determine the best way to present the condo and to work with me to determine how to price the property. She followed up with me weekly, and more often, as new properties in the area came on the market in order to help us determine the best price to ask. Her online presentation of the property was superb. It was detailed and the photography worked to show the property in it best light. Marilyn worked with the Condo Association property manager to make sure all needed documents were gotten and sent to the appropriate broker, attorney, or other entity. She has great knowledge of what is needed to move a sale along, and she helped me in procuring documents and doing what was needed. She reminded me of dates that were coming up for actions to be taken. The condo sold in one week, and Marilyn's hard work and professional experience was a big part of that, I am sure. Sharon Carlisle
Marilyn is extremely thorough and attentive. Her attention to detail is unmatched. She follows up on everything and anything without being asked. She personally made my experience enjoyable and seamless. R. Davis
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300 Baker Avenue | Suite 300 | Concord MA 01742