It appears from Quincy MLS stats that residential sales for the past year, 2011 (660 units), have fallen slightly from the preceding year, 2010 (671), a difference of 2%. The good news is that Average Prices have risen 4%, from 120K to 125K, and Median Price (half the sales above and half below this mark) has risen 7% from 98K to 105K. Median price bodes well for sales in the higher end. Residential inventory has FALLEN 11% from 1565 to 1400 units!
(Photo - Seymour home, Payson, circa 1880)Things look healthier than I thought. My own informal research from the open house at 3125 Rutledge Place indicates that there is plenty of buyer interest. On three consecutive weekends from 1 to 3 PM, I have consistently had over a dozen people through each Sunday. Most are shopping for a home this spring and some have a house to sell first.
3125 Rutledge Place is a move-in ready 3 bed room house in the under $100,000 category.
If you want to buy an investment rental, downsize, or get a bigger place, spring 2012 is looking good.
Call me!
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