Newburyport MA Condo Real Estate Market Report For Full Year 2012

Average condo prices rose in Newburyport in 2012! Newburyport is a desirable place to live and condos are available close to the waterfront. The Newburyport MA condo real estate market report for full year 2012 in this blog detail figures for the last several years.

Condo Property Home Sales for Newburyport MA

Full Year Average Sale Price

The average price in Newburyport MA for the full year increased 5% from $304,065 (in 2011) to $319,277 (in 2012). In the time frame prior to that, it decreased -10.46% from $339,594 (in 2010) to $304,065 (in 2011). That after a 4.23% change. These figures show no consistent pattern over the last few years.

2008 $322,252
2009 $325,816
2010 $339,594
2011 $304,065
2012 $319,277

Full Year Minimal Selling Price

The lowest sale price in Newburyport MA for the full year increased 33.62% from $65,000 (in 2011) to $86,850 (in 2012). This after it decreased -13.33% from $75,000 (in 2010) to $65,000 (in 2011). Previous to that was a -19.87% change.

2008 $90,000
2009 $93,600
2010 $75,000
2011 $65,000
2012 $86,850

Full Year Median Sale Price

The median sale price in Newburyport MA for the full year increased 10.15% from $275,563 (in 2011) to $303,525 (in 2012). In the time frame before that, it decreased -14.55% from $322,500 (in 2010) to $275,563 (in 2011). Prior to that was a 10.26% change.

2008 $305,000
2009 $292,500
2010 $322,500
2011 $275,563
2012 $303,525

Full Year Highest Sale Price

The highest selling price in Newburyport MA for the full year decreased -33.7% from $1,150,000 (in 2011) to $762,500 (in 2012). In the time frame before that, it increased 2.22% from $1,125,000 (in 2010) to $1,150,000 (in 2011). Prior to that there was a 50% change.

2008 $817,500
2009 $750,000
2010 $1,125,000
2011 $1,150,000
2012 $762,500

Newburyport MA Condo Real Estate Market Report For Full Year 2012

The condo market is strong in Newburyport. With interest rates still low, it’s a great opportunity to secure lower monthly mortgage payments. For additional Newburyport MA condo real estate market report for full year 2012 or statistics for neighboring communities, please contact John Wells, REALTOR at Wellsco Realty by calling 978-518-1481 or emailing teamjohn@johnpwells.com. Note: These statistics were extracted from third party sources including public records and the Massachusetts MLS Property Information Network, Inc. They are meant to provide a general overview of the market, are not guaranteed accurate, and may not include every condo transferred in Newburyport.

About Editor-John P. Wells

I am a resident of Newburyport and have worked in education, high tech and urban development. My interests in architecture and construction are invaluable to my clients. For more information please visit the Wellsco website.