Massachusetts Home Buyer Guide

Franklin, MA Homes Prices Decline 2011, Spur Increase in Home Sales

The median price of single-family homes in Franklin, Massachusetts decreased in 2011, but lower prices may be the cause of increased home sales, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.

The median price of single-family homes fell 3.2 percent in 2011 compared to the previous year, a difference of $12,000.  On the other hand, single-family home sales in Franklin, MA increased 9.7 percent in 2011, a difference of 20 sales compared to 2010.  

Condominium sales decreased 19.1 percent in 2011, a difference of 18 sales compared to 2010. The median price of condos fell 16.1 percent in 2011, a difference of $44,000 compared to the previous year.

Multi-family home sales increased 85.7 percent in 2011, a difference of six sales compared to 2010. The median price of multi-family homes rose 3.6 percent in 2011, a difference of $9,500 compared to the previous 12 months.

Franklin, Massachusetts Real Estate Market Report

            Sales / Median Price

Single family:
2010 – 206 / $377,000
2011 – 226 / $365,000

Condominiums:
2010 – 94 / $272,500
2011 – 76 / $228,500

Multi family:
2010 – 7 / $260,500
2011 – 13 / $270,000

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Franklin, Massachusetts Home Sales, Median Home Prices Declined in the First Half of 2011

The median price and sales of homes in Franklin, Massachusetts decreased in the first half of 2011, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.

The median price of single-family homes declined 4.3 percent in the first half of 2011 compared to the previous year, a difference of $16,250.  Single-family home sales in Franklin, MA fell 12.1 percent in the first six months of 2011, a difference of 14 sales compared to the previous year. 

From January through June 2011, the median price of condominiums plunged 21.7 percent, or $61,450 compared to the first half of 2010.  Franklin condo sales fell 27.8 percent, a difference of 15 sales. 

The median price of multi-family homes fell 5.2 percent in Q1 and Q2 compared to the same period in 2010, a difference of $15,000.  Sales of multi-family homes increased 66.7 percent in the first six months of 2011, a difference of only two sales compared to the same six-month period in 2010.

Real Estate Market Report for Franklin, Massachusetts

          Sales / Median Price

Single-family Homes:
Jan.-June 2010 – 116 / $380,000
Jan.-June 2011 – 102 / $363,750

Condominiums:
Jan.-June 2010 – 54 / $282,950
Jan.-June 2011 – 39 / $221,500

Multi-family Homes:
Jan.-June 2010 – 3 / $287,500    
Jan.-June 2011 – 5 / $272,500

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Franklin, Massachusetts Resident Michael Lord Joins Buyers Brokers Only, LLC

Franklin, Massachusetts resident, attorney and real estate broker Michael Lord recently joined Buyers Brokers Only, LLC, an exclusive buyer agent real estate firm that serves Eastern Massachusetts and Southern New Hampshire.

Mike, who will work from a Dedham office, will provide real estate buyer representation for clients to purchase properties in several Norfolk county communities, including Franklin, Dedham, Medfield, Medway, Walpole, Millis, Wrentham and other surrounding Massachusetts communities

Mike is a licensed real estate broker in Massachusetts, he is a member of the Massachusetts Association of Buyer Agents, the Greater Boston Real Estate Board, the National Association of Exclusive Buyer Agents, the Norfolk County Bar Association and the Massachusetts Bar Association.

Raised in Medfield, Massachusetts, Mike received his Bachelor of Arts degree from the University of Massachusetts in Amherst, and he earned his Juris Doctor from Massachusetts School of Law in Andover. Mike is a licensed attorney at the state and federal level in the Commonwealth of Massachusetts.  

In his free time, Mike enjoys traveling, hiking, golfing, and being outdoors. He currently resides in Franklin, Massachusetts where he owns a house with his wife, Joanne.

Buyers Brokers Only, LLC is the largest exclusive buyer agent real estate firm in Massachusetts.