There were 9 residential properties for sale in Mumford Cove listed by local real estate agents as of August 1st; these had all been listed for sale as well on July 1st and no new listings were added in July. There were no homes under deposit as of August 1st in Mumford Cove either.
The average listing price for these 9 homes was a little under $952,000; the median price was $849,000 with prices in the range $599,000 to $1,795,000. The homes ranged in size from 1744 square feet to over 5000 square feet with an average a little under 3000 square feet. These homes had between 3 and 6 bedrooms, and from 2 to 5 full bathrooms; 8 of these 9 homes had at least one half bath.
The chart below provide some additional detail about the list price relative to the # of bedrooms and range of living area sizes.
There were closings for 2 homes in Mumford Cove so far in 2016, one in May and the other in July. One was a 2600+ square foot home with 5 bedrooms which sold for $580,000 . The other home was approximately 1670 square feet in size with 3 bedrooms which sold for $340,000.
There were closing transactions for 17 homes from January of 2011 through December of 2015. The chart below breaks down the number of homes sold within each year by price range.
These 17 homes were all between 1765 and 4790 square feet in size with the average at 2866, and all had either 3 or 4 bedrooms. The closing prices ranged from $375,000 to $1,465,000 with a median price of $600,000 and an average of a little over $728,000.
The number of Active Days on Market for these properties had an average of 133.6 days and a median of 65 days; these homes were active on the market between 21 and 405 days.
We’ll continue to watch the residential property market and bring you additional observations and data in future blogs.
The trends reported above were based on data obtained from the CTMLS as of August 1st 2016 for single family residential properties. Updated information will be posted on our Mumford Cove Real Estate Page. If you are considering purchasing a home with in Mumford Cove or if you would like to work with a Realtor in the area, please feel free to call us. We look forward to helping you find just the right home for you.