Current 4/16/2017: Contrary to most towns and cities in the area, Concord continues to have more inventory last year! There are 74 single-family homes for sale compared with 62 last year. Current prices in Concord range from $484,500 to $12,500,000. The median price is $1,749,000 making Concord especially attractive to luxury home buyers. Some of these properties have been on the market in excess of 6 months and home-sellers may be ready to negotiate. See homes for sale in Concord.
Condominiums: There are currently 13 condominiums for sale in Concord with prices ranging from $330,000 for a 2-bedroom, 1 bath garden-style to $1,595,000 for an 5-bedroom, 4 bath unit in The John Stacey House on historic Lowell Road. The median list price is $814,450. Condominium styles in Concord include one and two-bedroom apartments in mid-rise and high-rise buildings, townhouses, single-family homes, duplex, and new construction including the luxury attached and detached homes at Black Birch for active adults/55+.
Note to buyers: whether you are planning to purchase a single-family house or a condominium in a development, you are entitled to have your own buyer agent/broker to work on your behalf when buying new construction, however, your agent must be with you the first time you visit the site. Even if you are only looking for information, ask your agent to go with you. The on-site agents are very gracious and helpful, but it is important to remember that their job is do work in the builder’s best interest, not yours! Here are a couple of articles about condo living and buying new construction.
Pending Sales: There are currently 40 single-family homes and 9 condominiums with sales pending in Concord. There are also 13 single-family homes and 2 condominiums in Concord that have accepted offers and are still being shown for backup.
Year-to-date/Q1 sales: There were 35 closed sales of single-family properties in Concord during the first quarter of 2018 compared with 25 in Q1 2017. The median sale price in Q1 2019 was $1,014,000 – 1.55% less than the Q1 2017 median sale price.
2017 Single-Family Home Sales: There were 193 single-family homes sold in Concord during 2017; down 12.67% from 2016. The median sale price of $1,059,000 was up 9.37% from the previous year, and the median number of days to offer was 20; down from 35 days 2016. Click here to see a detailed report.
2017 Condominium Sales: There were 49 closed sales of condominiums in Concord in 2017. The median price was $486,000; $4,000 less than the median sale price in 2016. The median days to offer was 32. Click here for the full report.
Your home’s value: while statistics are helpful, the real estate market changes every day and the price your neighbor’s house sold last year may not be what buyers are willing to pay today. Positioning your property correctly for the current market is key to getting the highest price in the shortest amount of time. Low inventory makes this an excellent time to put your house on the market and capitalize on the pent-up demand. Contact me to talk about how to best position and market your house for the highest price in the least amount of time.
See all of the houses for sale in Concord or call 508-596-3501 for additional information about buying and selling houses in Concord and the towns west of Boston.
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