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Real Estate Market in South Shore, Massachusetts Shows Signs of Cooling

Posted by Paulina Sekura on February 10, 2024
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A realistic high-definition image representing the real estate market in South Shore, Massachusetts showing signs of cooling. The scene could include a variety of houses with 'For Sale' signs, some having 'Price Reduced' attached, and others looking a bit worn with fall leaves scattered around, representing a slowing market. Depict a colorful sunset sky in the background reflecting the changing season.

The South Shore real estate market in Norfolk County experienced a decline in home prices during the month of December. While the market has been red hot for some time, this recent shift suggests a potential cooling off period.

One notable sale was a single-family home located at 16 Burr Road in Hull, which sold for $1,860,000. The property offers breathtaking ocean views and is situated just steps away from the water. Another high-value sale took place at 47 Old Coach Road in Cohasset. This $1,725,000 single-family home boasts proximity to Black Rock Beach and features 3,100 square feet of living space with five bedrooms.

Hingham also saw a significant transaction at 6 Peter Hobart Drive. This $1,725,000 single-family home sits on nearly 2 acres of land and offers over 6,000 square feet of living space. Additionally, the property includes a unique bonus room that resembles Fonzie’s iconic place.

Other notable sales include a single-family home at 40 South Street in Norwell, which sold for $1,625,000. This property stands out due to its large lot and recently updated interior. In Hanover, a brand-new build located at 50 Herring Brook Way sold for $1,600,000. The fireplaced home features a covered front porch perfect for enjoying the scenic surroundings.

While these high-value sales showcase the luxury housing market in the South Shore, it’s essential to also look at the broader real estate landscape. Recent sales in Abington, Braintree, Canton, Duxbury, Halifax, Hanson, Kingston, and Marshfield demonstrate the range of options available in the area.

As the market shows signs of cooling, buyers may find new opportunities to enter the South Shore real estate market. With a diverse range of properties and price points, there is something to suit every buyer’s needs and preferences. Whether you’re seeking ocean views, large lots, or a brand-new build, the South Shore continues to offer an enticing real estate market for buyers.

Frequently Asked Questions (FAQs) about the South Shore Real Estate Market:

Q: What recent trend has been observed in the South Shore real estate market in Norfolk County?
A: The South Shore real estate market has experienced a decline in home prices during the month of December, suggesting a potential cooling off period.

Q: Can you provide details about notable sales in the South Shore real estate market?
A: Yes, here are some notable sales:
– 16 Burr Road in Hull sold for $1,860,000. It offers breathtaking ocean views and is located steps away from the water.
– 47 Old Coach Road in Cohasset sold for $1,725,000. This single-family home is close to Black Rock Beach and features 3,100 square feet of living space with five bedrooms.
– 6 Peter Hobart Drive in Hingham sold for $1,725,000. It sits on nearly 2 acres of land and offers over 6,000 square feet of living space. The property also includes a unique bonus room.
– 40 South Street in Norwell sold for $1,625,000. It stands out due to its large lot and recently updated interior.
– 50 Herring Brook Way in Hanover, a brand-new build, sold for $1,600,000. The fireplaced home features a covered front porch.

Q: Are there other noteworthy sales in the South Shore real estate market?
A: Yes, recent sales in Abington, Braintree, Canton, Duxbury, Halifax, Hanson, Kingston, and Marshfield demonstrate the range of options available in the area.

Q: What advantages do buyers have in the current South Shore real estate market?
A: As the market cools down, buyers may find new opportunities to enter the South Shore real estate market. There is a diverse range of properties and price points to suit every buyer’s needs and preferences, including ocean views, large lots, and brand-new builds.

Definitions:
1. Single-family home: A residential property designed to accommodate a single-family (one household) and not connected to other dwellings.
2. Luxury housing market: A segment of the real estate market that deals with high-end and premium properties, often characterized by premium amenities, exclusive locations, and high price points.
3. Cooling off period: A period of time in which the real estate market experiences a decrease in activity, usually resulting in slower sales and potentially lower prices.
4. Square feet: A unit of area measurement commonly used in the real estate industry to measure the size of a property. One square foot is equal to 0.0929 square meters.
5. Brand-new build: A property that has been newly constructed and has not been previously occupied.

Related Links:
South Shore Homes MA
Norfolk County Homes
Realtor.com – Norfolk County Real Estate

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