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Malden home sales, prices, ended 2012 on high note

Posted by Jarret Bencks  January 24, 2013 10:09 AM

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Home and condo sales continued to rise in December, ending a year where home sales rose nearly 20 percent and condo sales 40 percent, according to recently released real estate data.

A total of 12 condos sold in December, up from nine in December 2011, and 16 homes sold, up from 13 in December 2011, according to real estate publisher The Warren Group.

Overall, 126 condos were sold in 2012 at a median price of $196,250, up from 90 at a median price of $187,250 in 2011. Home sales in 2012 totalled 202 at a median price of $278,000, up from 170 sales at a median of $261,250 in 2011.

Click for town-by-town home and condo sales stats

Home sales statewide were up 18 percent year-over-year, from 39,594 in 2011 to 46,887 in 2012. The median sale price in December in the state was $300,000, the highest figure for a December since 2007.

"I would characterize 2012 as the year of robust recovery in the real estate market," Timothy Warren, CEO of The Warren Group, said in a statement. "It is clear we have turned the corner and are gaining ground rapidly."

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

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