State of the Market: Winthrop
As someone who has lived in Winthrop for over 40 years and been involved in the community, there are many reasons I love it. I love being near the water and the true sense of community.
I love being so close to Boston but in a sense light years away. We don’t live in Boston but have a great view of the city! I love the pride I feel when I come into Winthrop at the end of a long day. I love that I run into people I know all over town. I love living in Winthrop and raising my children in this small town near a big city environment.
I love all the improvements I am noticing to properties all over town.
What makes Winthrop special to you?
According to the Greater Boston Association of Realtors using data from From the MLS, Winthrop single family homes are up 64.4% as of November 2013. The median sales price increased 12.8%; Days on market increased 3%; list to sold price is up 2.3% to 93.1% and new listings are up 43.4%.
This data indicates to me that single family home sellers in Winthrop were seeing an uptick in price, putting their homes on the market and they were selling to qualified buyers.
Because all things are not always what they seem I took a closer look at the available data.
From January 1, 2013 to November 30, 2013 there were 74 single family home sales in Winthrop. I noticed a trend in higher priced homes being not only listed but sold which could also explain the slight uptick in days on market. It generally takes a little longer to sell a high priced home in this area. There were 9 single family homes sales in the $400-500k range, 3 in the $500-600k range, 2 in the $600-700k range and a top sale of $840k.
Looking back at the same time period for 2012 there were a total of 45 single family home sales. There were 6 sales ranging from $400-500k and 1 sale of $630.