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Silvia & Silvia Newsletter
This week's newsletter includes some welcome news in the real estate market as home prices rise in both the Boston area and on Cape Cod.
Thank you for your continued interest in Silvia & Silvia. Hope you have a great week, and if you're in New England or Long Island, stay safe from the storm this weekend!
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Cape Cod Times reports area home prices finally rise in July
The Times reported recently that Cape area prices rose in July, up 3.6% compared to July 2008.
"The median sales price on the Cape last month was $320,000, up from the July 2008 price of $308,750.
The
last time the Cape saw an increase in median sales value was December
2007. In that month, the midpoint price was $375,000, an increase of
2.7 percent over the December 2006 value of $365,000."
Read more here.
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Boston area home prices, sales on rise as well
The Boston Globe reported yesterday an increase in home sales in the Boston area, suggesting a welcome turn in the markets. For three months in a row, Boston area home prices have increased. "June home prices were a strong 2.6 percent above the previous month,
and the number of single-family homes that sold statewide in July was a
whopping 12 percent higher than a year ago. While these data come from
different sources, and measure different components of the real estate
market, they point to a market that is heading upward." Read more here. |
