Malden MA Condo Market Activity - Year to Date (10/31/2009)
There were 87 condos sold YTD in Malden, MA, with an average sales price of $190,948 and an average days on market (DOM) of 104. The selling range was a low of $49,900 and a high of $390,000. As of October 31st, there were 47 units active on the market with an average list price of $218,840 and an DOM of 128. There were 20 units pending with an average list price of $190,550 and an average DOM of 59.
The average sales prices declined substantially from 2008 values. This is primarily a result of the foreclosures being purchased by first-time home buyers taking advantage of the home buyer tax credit. Most of the activity is at the entry level with buyers utilizing FHA financing due to the low down payment requirement. However, a number of condominium complexes do not have FHA approval, which effects the values negatively.
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This report is based on activity reported from the MLSPin mls system and is not guaranteed to be accurate. It does not represent all of the listings that have sold during the specified time frame.