The first half of 2012 saw an improving outlook for condo sales at Highwood in Franklin, MA. The average sale price at Highwood would have risen significantly during the first half of the year, but for the sale of one Highwood unit at a shockingly low price. This discounted price skewed the average selling price at Highwood for the first 6 months of the year downward and marred what would otherwise have been upbeat first half 2012 stats at this well-regarded condo community in Franklin, Massachusetts.
Three Highwood units sold
Three condo units sold at Highwood during the first half of 2012.
This compares favorably to the two sales for the same period in 2011.
Average days on market fell sharply from 2011’s level, a good sign for the future marketability of Highwood units.
Average selling price lower
At $157,700, the average sale price at Highwood during the first 6 months of 2012 was 8.7% lower than the average selling price for the same period the prior year. But that is a misleading statistic due to the very low selling price of one of the units.
Lowest price since 1998
41 Highwood Drive was an estate sale that closed in June 2012. This garden style unit fetched an exceedingly low price of $87,500. The sale of Unit 41 distorted the average selling price at Highwood for the first half of 2012. In fact, Unit 41 is the lowest priced unit to sell at Highwood going back to 1998 in the MLS records!
$192,500 average sale price
If you remove that Unit 41 from the 2012 sales mix, the average selling price at Highwood becomes $192,500. This is much more representative of current values of townhouse units at Highwood and would be the highest average selling price there in the last few years.
Click here or on the image below to download a comprehensive report on all three of the unit sales at Highwood in Franklin, MA for the first half of 2012.
MA real estate doing better in 2012
The MA real estate market showed quite a lot of life in the first half of 2012. Home sales were way up and there were plenty of buyers actively looking and making offers. This should bode well for Highwood for the rest of 2012.
You can read a full report on the first half 2012 real estate market in Massachusetts by clicking the hotlink.
What’s your Highwood unit really worth?
If you own a unit at Highwood and are thinking of selling, now is the best time in years! Buyers are plentiful and interest rates are at historic lows.
Click the hotlink to get a free, no obligation value analysis of your home from an expert at selling condos in Franklin!
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