Current 6/19/2018: As in most places, there are fewer homes for sale in Concord than last year. There are 87 single-family homes for sale compared with 91 last year. Current prices in Concord range from $449,900 to $12,500,000. The median price is $1,550,000; up from $1,459,900 last year. Interestingly, the number of days on the market is higher than last year – 83 days compared with 56 last year. This is the longest amount of time that listings have been on the market in the past 5 years. Some luxury 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 19 condominiums for sale in Concord with prices ranging from $354,900 to $1,739,000. The median list price is $878,000. 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+.
New Construction: 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 54 single-family homes and 11 condominiums with sales pending in Concord. There are also 10 single-family homes 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 2018 was $1,014,000 – 1.55% less than the Q1 2017 median sale price.
Year-to-date: There have been 90 single-family closed sales in Concord so far in 2018; up from 59 for the same period in 2017. The median sale price of $1,036,500 was lower than the median sale price of $1,065,000 last year.
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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