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Single-family and condo sales rise in Malden

Posted by Jarret Bencks  December 27, 2012 10:57 AM

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Single-family home and condo sales in Malden through November are outpacing figures from last year, according to recently released real estate data.

A total of 186 single-family homes sold in Malden through November 2012, compared to 157 in the same span last year, according to data from The Warren Group, which tracks real estate trends statewide.

Condo sales in Malden have increased over 40 percent in 2012, from 81 through November 2011 to 115 this year. A total of 11 condos sold in November compared to 5 in November 2011. Median condo sale prices are up over 5 percent from last year, from $187,000 to $197,500, according to the data.

A total of 14 single-family homes sold in Malden in November, compared to 13 that month last year. Median sale prices are up over 6 percent, from $260,000 in 2011 to $276,000 with a month left to be reported in 2012.

For town-by-town single-family stats, click here; for condos, click here.

"The popularity of condominiums as an alternative to apartment living has increased their pricing more than single-family homes. Last month we saw the unusual statistic that they have exactly the same median price," said Warren Group CEO Timothy Warren in a statement.

Statewide, this year is trending toward being the busiest year for home sales since 2006, according to Warren. Massachusetts home sales are up 22 percent this year compared to 2011, from 35,718 to 43,652, according to the data. Condo sales statewide are up to 17,765 from 13,971 through November 2012.

Jarret Bencks can be reached at bencks.globe@gmail.com. Follow him on twitter @JarretBencks.

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