Malden Real Estate Updates
Mortgage Rates
According to the Freddie Mac survey, average mortgage rates decreased for the week ending Thursday, January 3, 2013. The average 30 year mortgage decreased from 3.37% to 3.34 and the average 15 year mortgage decreased from 2.65% to 2.64%.
Mortgage rates one year ago were 3.91% and 3.23% for the 30-year and 15-year fixed mortgages.
Snapshot of the Malden Real Estate Market
Source: MLS Property Information Network
| Single Family | Condos | Multi Family | |
| # of Listings: | 36 | 32 | 11 |
| Avg. Liv.Area SqFt: | 1,766.8352 | 1,092.44 | 2,563.18 |
| Avg. List$: | $305,167 | $212,190 | $386,318 |
| Avg. List$/SqFt: | $188 | $211 | $155 |
| Avg. Days on Market: | 91.83 | 99.19 | 413.00* |
*Days on Market for Multi Family Properties is significantly off from previous weeks due lack of new listings, as well as a number of significantly older ones not selling.
Paul Weston is Broker/Owner of Paul Weston Real Estate, a full service Real Estate Office serving Malden and the Greater Boston area.
Follow me on Twitter: @PH_Weston
Website, including contact information: www.liveinmalden.com
