Home sales, prices rise in Bristol County, Mass. in December

SINGLE-FAMILY HOME sales and prices rose in December in Bristol County, Mass. as condo sales dropped 26 percent.
Posted 1/24/13

PROVIDENCE – Bristol County, Mass. single-family homes sales climbed 15 percent and the median sale price 8 percent in December compared with the same period in 2011, The Warren Group said Thursday.

There were 266 Bristol County houses sold in December, an increase from 231 houses in December 2011.

The December median single sales price rose to $233,500 in December from $216,000 the previous year.

Bristol County followed the rest of Massachusetts as statewide single-family sales rose 8 percent year over year in December and the median sale price rose 12 percent to end the year at $300,000.

Massachusetts single-family sales for all of 2012 rose 18 percent compared with 2011 and last year’s median sale price of $290,000 was 2 percent higher than 2011.

“I would characterize 2012 as the year of robust recovery in the real estate market,” The Warren Group CEO Timothy M. Warren Jr. said in prepared remarks. “It is clear we have turned the corner and are gaining ground rapidly. I contrast the 18 percent gain last year with the decline of 6 percent in 2011.”

In other areas of the market, the 40 Bristol County condominium sales in December represented a 26 percent drop from December 2011.

But the median Bristol County condominium sale price increased 9 percent in December to end the year at $150,000.

Statewide condominium sales rose 5 percent in December and the medium Massachusetts sale price increased 8 percent to $275,000.

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