Condo sales were ‘slow and steady’ at the Spruce Pond Village condominiums in Franklin, MA during the first half of 2011. With only 2 units changing hands, sales activity maintained a restrained pace during the first six months of the year.
Modest recent declines
The average selling price of Spruce Pond Village townhomes declined a modest 3.7 % during the first half of the year compared to 2010 prices.
The average selling price of units at Spruce Pond has drifted moderately lower over the past three years after sharper annual declines since the top of the market in 2005.
Compared to the average selling price of $365,960 set during the first half of 2005, values of Spruce Pond Village townhomes have dropped about 20%. This compares favorably to the price declines at Franklin Crossing (-37%), Stone Ridge (-30%) and Highwood (-28%).
2011 the time to buy?
Here are the two unit sales at Spruce Pond Village that went of record during the first half of this year:
Prospective home buyers take note: today’s low prices at the Spruce Pond Village condominiums in Franklin, MA should prove to be bargains in several years when the market recovers.
The first half of 2011 saw pronounced softness in home prices and sales volume in Massachusetts and in the Town Franklin, MA.
Current forecasts call for MA home prices to begin to recover in 2012.
Learn more about the Spruce Pond Village condo community.
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