The Cahill Report: an update on the Milton Real Estate Market for 2/11

This is the first in a series of monthly reports from Laura Cahill of Cahill Properties, RE/MAX Landmark.

In this initial snapshot there are metrics on annual homes sales (prices and volumes) as well as key numbers of home sales, prices (both listing and actual sales prices) and days on market for the months of January and February. It provides clear insight into the health of the Milton real estate market.

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January 2011 Single Family Home Closed Sales

January 2011 closed home sales

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February 2011 Single Family Home Closed Sales

February 2011 single family home sales

February 2011 single family home sales

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Total Single Family Homes Sold by Year

Total single family homes sold by year

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Single Family Homes Average Sales Price

Single family homes avg sales price

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Average Sales Price and Days on Market 2009-2010 Comparison

Avg sales price & days on market 2009-2010

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Overall Market Update

The Milton Real Estate Market is heating up! With 2010 closing out an average sales price of $545,404 right on target with our market peak in 2005, when the average sales price $545,594 for single family closed deals.

Although our number of transactions are down from the market peak we are predicting 2011 will be a banner year.

Thanks to our beautiful new schools, state of the art library/community center, the addition of 2 new restaurants, Milton has held steady during this housing crisis.

NOTE: MLS data is provided by contracted data aggregators, RE/MAX brokerages, and regional offices. While MLS data is believed to be accurate, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time.

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