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Shown below are a series of charts summarizing the latest single family home sales in Longmeadow, Massachusetts. These latest results from January - December 2011 include both MLS and FSBO transactions and are based upon public information obtained from the Hampden County Registrar of Deeds website.
2011 Highlights
Home sales in Longmeadow
in 2011 were lower than 2010 (-7.6%
- 146 vs. 158)
and
also lower
(-13.6%) vs. the 6
year average (146 vs. 169)- see figure 1.
Sales in 2011 were also the
lowest for the past six years.
Monthly
median sales prices were very volatile in 2011 ranging from a
low of $263,800 in April to a high of $331,000 in October.
After a precipituous drop in the 1Q/2011, median prices improved
dramatically and stabilized by the end of the year.
A
large percentage of homes continue to be sold at prices below
the offficial assessment value continuing a trend that has been
observed for the past 3
years. For 2010 and 2011, ~ 50% of the
homes sold were at prices below the official assessment value-
see figure 4 below.
Selling a home in the current
environment continues to be very difficult but 2012 is looking
better. |

Figure 1

Figure 2

Figure 3
Below is a chart showing the relationship between recent
Longmeadow real estate
Sales Prices and Assessed Values (data obtained from
the Vision Appraisal
website).

Figure 4
Here is a link to the data for
2006-2011 Real Estate Transactions that were used to
develop the above graphs.
Visit our Real Estate Buzz
blog
to read further discussion of these results.

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