Newburyport MA Real Estate Market Report – Entire Year – Condominium

Newburyport MA sits along the Merrimack River about an hour north of Boston.  This is a thriving community with unique shopping, fine dining, arts and culture and breathtaking scenic beauty. This is also a community with a rich history, which you will see all around you.

The Newburyport MA real estate market report provides useful insights into the average price of properties sold condominium on a yearly basis.

Newburyport MA condominium Average Price Of Properties Sold

The average price of condominiums sold in Newburyport MA for the entire year increased 4.23% from $325,816. (in 2009) to $339,594. (in 2010). This after it increased 1.11% from $322,252. (in 2008) to $325,816. (in 2009). Prior to that there was a -3.45% change.  This shows a fairly steady price point for the average condominium sold over the past few years.

Average Price Of Properties Sold – Condominium – Entire Year

2010  $339,594.
2009  $325,816.
2008  $322,252.
2007  $333,7770

Newburyport MA Real Estate Market Report Summary

Now that you have seen the details on the Newburyport MA average price of properties sold, you have a better understanding that condo sales prices have stayed fairly consistent with a slight increase from 2008 – 2010.   What is going on?  Proposed development along the Merrimack River and Downtown area are said to be positioning Newburyport MA for a dramatic market change. Increasing downtown commerce, an ease of access to Boston and the beauty of the community  – prices are expected to rise.  If you are interested in living in this growing community – now is the time to buy in Newburyport MA.

For more information on the proposed Newburyport MA development and surrounding towns please visit johnpwells.com

About Editor-John P. Wells

I am a resident of Newburyport and have worked in education, high tech and urban development. My interests in architecture and construction are invaluable to my clients. For more information please visit the Wellsco website.