2012 real estate recap: Franklin MA cape homes
2012 was a solid year for sales of cape homes in the Town of Franklin, MA. Sales volume was up for the second year in a row while the median sales price of capes in Franklin rose 1.8%. You can read an in-depth real estate review for the year just ended that covers cape home sales in Franklin and the overall real estate markets in Franklin and the Commonwealth by following the hotlink or the image below.
See all cape homes for sale now in Franklin, MA
Did you know you can view all cape homes for sale in Franklin on the MLS in real time? Just follow the hotlink or the image below:
2012 cape sales strong in Franklin
Sales volume for cape homes in Franklin, Mass climbed 21.6% in the year just ended.
2012 was the 2nd consecutive year of notable gains in cape sales volume in Franklin. 2012 cape sales volume was a whopping 60.7% above 2010’s sales totals.
Median price up as well
The median sale price for Franklin capes rose 1.8% in 2012. The median sales price for all single family homes in Franklin was up 4.1% for the year. In fact, firming home values across MA were a very promising feature of the 2012 real estate market.
At $325,000, the median sale price of capes in Franklin is 8.5% higher than where it was back in 2002 ($299,500). That’s pretty impressive considering the 40% – 60% collapses in home values experienced in other areas of the United States during the 2007 – 2009 world financial crisis. Put in that context, home values for capes in Franklin as well as all homes throughout MA have held up relatively well over the last 5 years.
If you are thinking of selling your cape in Franklin
If you are thinking of selling your cape in Franklin, 2013 may be best time to sell a home in the last 5 years! Read the full 2012 Franklin Cape Home Market Update to get an accurate read on the current market for cape homes in Franklin, MA.
To find out exactly what your home is currently worth, seek input from a local real estate broker who knows the Franklin market for cape homes very well. I would be happy to assist you with this. I would help you get the home ready for market and make sure your home is priced appropriately so that it sells for the most it can command! Please contact me at 508-613-2889 or send me an email for a free, no obligation home value analysis.
Here’s to a happy, healthy and prosperous 2013!
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