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| Tue, 12-30-2003 - 1:35pm |
Mass. Single Family Home Averaged $367,350 In November
BOSTON -- Sales of condominiums and single-family homes were up in November compared to the same month last year, but homeowners are still having to dig deeper into their pockets, the Massachusetts Association of Realtors reported Tuesday.
The industry group's latest monthly figures show single family home prices were up 9.4 percent, to an average of $367,350 in November, compared to $335,813 last year. Condominium prices rose 4.8 percent to $264,985 from $252,964 in November 2002.
Condominium sales rose 14.1 percent, to 1,170, in November compared to the same month in 2002, while sales of detached single-family homes rose 4.8 percent, the group reported. Peter Casey, president of the realtors association, said these latest figures include many first-time home buyers who are taking advantage of the improved economy and historically low interest rates. "The economy is clearly picking up, and people are seeing that," he said. And even though prices are up, they are not showing the rapid appreciation of recent years, when many people were priced out of the market, he said.
Copyright 2003 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Hi Donna,
The cold is the main reason we decided not to live in Massachusetts but seeing what houses go for there now is just as strong of a reason.
You Were Born An Original... Don't Die A Copy
We (DH and I) probably could not afford homes in any of these areas we're talking about.
Cussette, CL for Family Finances
Visit the Family Finances Website
for links, tips, reading, tools and answers to your financial questions
C
Uh -- yeah!
Just move me to the Cape and give me a bungalo!
"The best example of authentic living is that of a child" ..
152.6&n
Martha's Vineyard and Nantucket? In general, forget it. Some of the biggest ticket properties that have sold in MA - $8MIL and higher - are on those two little islands. The natives (and some newcomers) rent their properties out in the summertime at $10K per week and more so they can afford to keep them and find other places to live/work for a few months. They're probably quite flexible financially to begin with if they can up and leave for months at a time, but that's their choice.
So encouraging, huh?
~~Rhonda~~
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Isn't it nice to contemplate making a major change on your own terms?
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