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Home Sales Increased Somewhat Year-Over-Year In Wakefield

Wakefield saw 100 home sales in town at the end of July.

Home sales were up in Wakefield somewhat over the past year, according to new data from the Warren Group.

The real estate data company reported that at the end of July, there had been 23 home sales in Wakefield, compared to 17 for that same month in 2011.  This marked an increase of about 35%. Year to date, the end of July found that there had been 100 homes sold in Wakefield, a slight increase over the 94 recorded at the end of July, 2011.

Wakefield’s year to date median sale price was $371,250 at the end of July, compared to $366,450 in July of 2011. That was a gain of 1.31% over the past year.

There are a lot of good signs pointing toward a real estate recovery," said Cory S. Hopkins, editorial director of The Warren Group, publisher of Banker & Tradesman. "But, we are comparing sales to a very depressed market last summer, so it's important to step back and realign expectations."

mike t September 15, 2012 at 03:07 PM
Home sales are up but homes are not selling for more. Case and point. 128 New Salem Street. On the market for over 1/2 year. Owner purchased in 2005 for $300,000. Improvements made to the house of over $60,000 and it just sold for only $269,000. 1 Border street is also another example. Wakefield is getting worse people and we are still letting shady developers come into town and build 40B housing. Lowering our property values even more and increasing crime rates. Lynnfield is not allowing this. They are smart and are laughing at us. Heck, Lynnfield already has their traffic lights working on Walnut street. They are timed super slow to keep people from using their exit as a cut through and they even put an extra set under the bridge to deter drivers even more. They even make their UPS drivers from Kimball Lane use Wakefield's exit and we allow it! Wakefield is the new Melrose!

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