Northbridge MA Market Report July 2007
In July of 2007 there were 9 homes that closed within the month for Northbridge MA. This is a decrease of 10 units as there were 19 homes that closed in July of 2006.
The Average list price for the homes that closed in Northbridge for July of 2007 was $340,256
The Average list price for the homes that closed in Northbridge for July of 2006 was $366,272
The Average sale price for the homes that closed in Northbridge for July of 2007 was $333,877
The Average sale price for the homes that closed in Northbridge for July of 2006 was $361,777
The Average Market time for the homes that closed in Northbridge in July of 2007 was 76.
The Average Market time for the homes that closed in Northbridge July of 2006 was 110 days.
Two homes went under agreement in Northbridge MA in the month of July. The average list price of the homes that went under agreement was $342,000. The average time on the market for these Northbridge MA homes were 118 days.
January - July Market Statistics for Northbridge MA
In Northbridge MA for the period of January to July of 2007 there were 78 properties sold.
In Northbridge MA for the period of January to July 2006 there were 72 properties sold.
In Northbridge MA for the period of January to July in 2007 the average list price was $365,504, the average sale price was $354,445, and the average market time was 174 days.
In Northbridge MA for the period of January to July in 2006 the average list price was $383,024 the average sale price was $376,917 and the average time on the market was 136 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Northbridge MA.
In comparing year over year longer term data for Northbridge MA, the average list price and sale price both went down year over year from January to July. This can be attributed to the on going weakness in the real estate market in Metrowest MA. There was also a substantial increase in the days on the market for the same period in Northbridge MA. The number of homes sold in the January to July time period went up, however, by six homes year over year.
These statistics are similar to many of the towns in Metrowest MA. Most of the surrounding towns experienced a decrease in the average list price and sale price for the January to July time frame.
Selling a home in Northbridge MA or other Metrowest town is heavily dependant on pricing your home properly and picking an agent that will create an "online market presence" for your home. As a home seller, you need to be aware that the market in Northbridge MA and many other Metrowest communities has changed over the last two and a half years. We are no longer in a seller's market. When selling a home in Northbridge MA, it pays to have a pro in your corner representing you. Here are some excellent questions to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!
When selling in Northbridge MA creative marketing is key to make your home stand out and be found. Click on the previous link to see a real estate show I use for all the homes I market.
I recently wrote an article titled Metrowest MA Homes ~ How to effectively market to the masses on-line. This article describes in detail the type of exposure on all the homes I sell in Northbridge MA and other Metrowest MA towns.
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The above information was provided by Bill Gassett, the team leader for the #2 RE/MAX Team in Massachusetts in 2006. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356. Bill has helped people move in and out of Northbridge MA and other Metrowest towns for the last 21+ Years. Bill's office is conveniently located in the center of Hopkinton MA at 77 Main Street. RE/MAX Executive Realty also has offices in Upton, and Grafton to service home sales in Northbridge MA. I have a passion for Real Estate and love to share my marketing expertise! I would welcome the opportunity to earn your business.
For Massachusetts and Northbridge MA Real Estate and homes see Sell my home in Metrowest MA Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.
I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, and Framingham MA.
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