A Look Back at the 2012 Sale of 10 Entrance Road, Plymouth, MA

Plymouth, Massachusetts, is a town rich in history and culture, known for its beautiful waterfront, historic sites, and vibrant community. In May 2012, a significant real estate transaction took place at 10 Entrance Road, which drew interest from both local residents and real estate enthusiasts. This article delves into the details of the sale, its implications within the Plymouth housing market, and broader trends that can be observed from this transaction.

Overview of the Property

10 Entrance Road is a residential property located in a well-established neighborhood of Plymouth. To understand the significance of the sale, we examine various aspects of the property:

  • Type of Property: A single-family home
  • Square Footage: Approximately 2,500 square feet
  • Number of Bedrooms: 4
  • Number of Bathrooms: 3
  • Lot Size: 0.5 acres
  • Year Built: 2000
  • Neighborhood Features: Proximity to schools, parks, and shopping centers

The Sale Details

The sale of 10 Entrance Road in May 2012 was notable for several reasons, including its sale price, the time on the market, and the conditions surrounding the transaction. Here, we will break down these details:

Sale Price and Market Context

The house sold for $450,000. This price is important to analyze in the context of the Plymouth housing market at that time:

  • Comparative Market Analysis: The sale price was in line with similar properties in the area, reflecting a stable housing market.
  • Market Conditions: May 2012 was a period characterized by a gradual recovery from the housing crisis, leading to increased buyer interest.
  • Appraisal Values: Independent appraisals suggested the property was valued correctly, aligning with the sale price.

Time on Market

The property spent approximately 30 days on the market before being sold. This relatively short time frame can be attributed to several factors:

  • Condition of the Property: The home was well-maintained and presented attractively to potential buyers.
  • Effective Marketing: The listing was promoted effectively through various channels, including online real estate platforms and local realtors.
  • Competitive Pricing: The initial listing price was strategically set to attract offers from serious buyers.

Implications for the Plymouth Housing Market

The sale of 10 Entrance Road serves as a valuable case study for understanding broader trends in the Plymouth real estate market. Some key implications include:

Market Recovery Indicators

The transaction is indicative of a recovering market post-recession, with several positive indicators, including:

  • Increasing Buyer Confidence: The ability to sell a property quickly at a stable price suggests a return of buyer confidence in the market.
  • Price Stability: The sale price reflects a stabilization of home values, which is essential for long-term market health.
  • Inventory Levels: A decrease in the number of homes available for sale can lead to increased competition among buyers.

Community Impact

The sale also had implications for the local community, including:

  • Increased Property Values: A stable sale price can positively influence the property values of nearby homes.
  • Community Growth: New homeowners contribute to community engagement and local economies.
  • Demographic Changes: The new owners may bring different demographics, affecting local schools and services.

The May 2012 sale of 10 Entrance Road in Plymouth, MA, encapsulates a moment of transition in the local housing marketÍž By examining the property details, sale conditions, and market implications, we gain valuable insights into the dynamics of real estate in Plymouth during this period. This analysis not only informs potential buyers and sellers but also contributes to a broader understanding of market trends that can affect future real estate transactionsÍž

tags: #House #Sale

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