The number of homes that sold in Newton in January were at the highest point in the last five years, information provided by the Newton Board of Realtors indicates.
A total of 15 residential properties with a Newton mailing address sold in January, six more than in January last year and three times as many as in 2010, the low-point of the five year period. January 2009 was the second highest month for the period with 13 homes sold.
The average sale price of the residential properties ranged from $11,000 to $250,875.
The average sales price for the month of the year was $72,425, more than $5,000 below last year's average sales prices and almost $24,000 below the average sales price of $96,129 recorded in 2011 when seven properties sold.
January's average sales price, however, was above the levels seen in both 2009 and 2010, $69,444 and $71,200, respectively.
Total residential lisings at the end of January stood at 128, slightly below last year's level of 134 but well below the 188 seen in 2011, the high point of the five-year period. Twenty-one properties were listed in January, the second highest rate of the period and only one below 2011's high point.
The average number of days residential properties were on the market stood at 150 days at the end of January. That's up 23 days over last year's rate but 48 days below the 2011 figure, the high point of the five-year period.
The information does not include multi-family listings but it does include single family, condo and townhouse units. Private sales are not included in the data.