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Our greedy Massachusetts sellers?

Posted by Scott Van Voorhis November 6, 2013 12:57 PM

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Shocker! Our beloved, crazy expensive Bay State has the second highest listing prices in the country.

The average listing price for a four bedroom, two bathroom home in Massachusetts tops out at $510,736, a new survey by Coldwell Banker Real Estate finds.

That's No. 2 in the country, even beating out the Golden State, which weighs in at $473,301, followed by New Jersey, at $431,671  and Connecticut, at just under $400,000.

Hawaii sellers though are in a whole different greed category, with an average listing price of $722,964.

Still, it does make you wonder. After all, a little good news goes a long way when it comes to inflating the expectations of home sellers. And, as we all know, prices are certainly on the rise again, soaring by double digits.

In fact, what I found really surprising were listing prices in middling suburbs like Natick, Acton, Canton and Sharon - all are approaching or over $600,000 now, according to Coldwell Banker.

So so our super high listing prices signaling the return of the deluded, if not greedy seller, here in Massachusetts?

The national average, by comparison, is $301,414.

Meanwhile, a number of affluent, Boston area suburbs top Coldwell Banker's survey of the most expensive communities in the country to buy in, as measured by listing prices for the class four bedroom home.

Weston came in at No. 9, at more than $1.2 million, followed by Wellesley, at No. 16, at just over $1 million, and Newton, No. 25 at just over $900,000, the report finds.

Buyers, are sellers getting crazy again? And are sellers simply more demanding here in Massachusetts?

This blog is not written or edited by or the Boston Globe.
The author is solely responsible for the content.

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Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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