Westwood Sees 67% Increase in Home Sales From May 2011

Westwood saw 18 home sales in May this year, a jump over only 12 in May 2011, a recent report by The Warren Group.

However, the more dramatic figure lies in the 57 homes that sold, year-to-date, in May 2012 as compared to only 34 in May 2011. 

"The dramatic increase of home sales as of May 2012, compared to year to date sales as of May 2011 just shows that these small number of foreclosures have not shaken the buyer’s confidence of this market," said Erica Rice, Manager of Coldwell Banker Residential Brokerage in Westwood.  "Thirty-four last year vs. 57 home sales this year is a very large increase . . . 67 percent. That is just as of May 31. If you look to today’s date the news is even better."

As of July 11 this year, 80 Single Family homes have sold in Westwood, Rice said, while only 42 homes sold in the same time period during 2011.  

"That is a 90-percent increase in the number of sales," Rice said. "So , I do not think they have had a negative impact on our real estate market." 

Overall, home sales in Massachusetts were up nearly 35 percent in May, the largest jump since June 2010, according to the Warren Group, which publishes Banker & Tradesman.

Other local towns saw the following trends:

Canton:

• Home sales: 14 in 2012, up from 12.
• Year-to-date sales: 55 in 2012, up from 47.

Dedham:

• Home sales: 24 in 2012, up from 15.
• Year-to-date sales: 78 in 2012, up from 64.

Dover:

• Home sales: 7 in 2012, up from 4.
• Year-to-date sales: 21 in 2012, up from 13.

Easton:

• Home sales: 10 in 2012, up from 6.
• Year-to-date sales: 49 in 2012, up from 39.

Foxborough:

• Home sales: 11 in 2012, down from 13.
• Year-to-date sales: 45 in 2012, up from 42.

Mansfield:

• Home sales: 11 in 2012, up from 7.
• Year-to-date sales: 48 in 2012, up from 35.

Medfield:

• Home sales: 19 in 2012, up from 10.
• Year-to-date sales: 56 in 2012, up from 35.

Needham:

• Home sales: 38 in 2012, down from 48.
• Year-to-date sales: 119 in 2012, up from 124.

Norfolk:

• Home sales: 6 in 2012, down from 9.
• Year-to-date sales: 28 in 2012, up from 26.

Norton:

• Home sales: 13 in 2012, up from 10.
• Year-to-date sales: 46 in 2012, up from 33.

Norwood:

• Home sales: 16 in 2012, up from 13.
• Year-to-date sales: 61 in 2012, up from 49.

Plainville:

• Home sales: 7 in 2012, up from 2.
• Year-to-date sales: 24 in 2012, up from 15.

Sherborn:

• Home sales: 6 in 2012, up from 3.
• Year-to-date sales: 23 in 2012, up from 13.

Stoughton:

• Home sales: 16 in 2012, up from 9.
• Year-to-date sales: 63 in 2012, up from 53.

Walpole:

• Home sales: 21 in 2012, up from 14.
• Year-to-date sales: 73 in 2012, up from 48.

Westwood:

• Home sales: 18 in 2012, up from 12 in 2011.
• Year-to-date sales: 57 in 2012, up from 34.

Wrentham:

• Home sales: 10 in 2012, up from 8.
• Year-to-date sales: 39 in 2012, up from 25.