The market for cape homes in Franklin, Massachusetts had a breakout first half of the year in 2013. The median sales price for Franklin capes posted double digit gains after several years of being stuck in a narrow range. Cape sales volume rose significantly during the first half of 2013, likewise escaping the doldrums of recent years. The strong performance so far this year for cape homes in Franklin, MA coincided with a marked improvement in the overall Massachusetts real estate market that became pronounced as the year progressed.
Franklin cape prices advance
A 10.5% rise in the median sales price of capes in Franklin Massachusetts for the first half of the year certainly was welcome news after years of price stagnation.
2013 saw the first significant first-half-of-year median sales price increase for Franklin capes in the last 5 years.
Cape sales volume up
22 capes changed hands in Franklin, MA during the first half of 2013. This was nearly a 30% increase in the number of Franklin capes sold compared to the same period in 2012.
The first half of 2013 represented the best year for cape sales volume in Franklin, Massachusetts in the last 5 years.
First half 2013 cape sales report
Follow the link or the photo below to download a full color report on all Franklin, Mass capes that sold during the first half of 2013.
Contact Warren for more information on any of the cape home sales in the above report.
Tight supply of capes for sale in Franklin, MA
At one month of current inventory, the supply of capes for sale in Franklin is exceedingly low.
The restricted supply should keep upwards pressure on the sales prices for cape homes for the rest of 2103. The caveat with this forecast is what may happen with mortgage interest rates. The run-up in rates June did appear to slow the local real estate market at least temporarily. If rates were to shoot up further in 2013, the rise in cape home sales prices might take a breather.
Thinking of selling your cape home?
The Massachusetts real estate market is a lot better these days than what it was a few years ago! Home prices and sales volume are up throughout most of the Greater Boston and I495 market areas. This good news means your cape home is probably worth more now than at any time in the last 5 years. If you’re thinking of selling your Franklin cape, the crucial question is how to maximize your home sale proceeds. You can best do this by increasing your home’s appeal without spending a lot of money on needless upgrades and expensive repairs. You can further boost your proceeds by marketing the property in effective and creative ways that reach today’s tech-savvy buyers.
That’s where Warren comes in! Warren knows the money-making fix-ups and showcasing techniques that pay back best at closing. He also knows how to market Franklin homes; he’ll ensure that you’ll get the best sale price for your Franklin cape! Warren has a long track record of happy clients who’ll attest to his skill at selling homes quickly and at the best price, no matter what!
If you’re thinking of selling, contact Warren! Ask for his free, no-obligation Home Value Analysis. Get the facts about where your property fits in today’s market and the help you need to get a better selling price for your home!