Massachusetts Real Estate

                                   Hopkinton Massachusetts Real Estate Market Report July 2010

 

 

 

 

 

 

 

 

 

 

In July of 2010 there were 16 homes that closed within the month for Hopkinton Massachusetts. This is an decrease of 7 units, as there were 23 homes that closed in July of 2009.

The Average list price for the homes that closed in Hopkinton for July of 2009 was $565,235

The Average list price for the homes that closed in Hopkinton for July of 2010 was $715,781

The Average sale price for the homes that closed in Hopkinton for July of 2009 was $543,998

The Average sale price for the homes that closed in Hopkinton for July of 2010 was $694,138

The Average Market time for the homes that closed in Hopkinton in July of 2009 was 133 days.

The Average Market time for the homes that closed in Hopkinton July of 2010 was 114 days.

 

12 homes went under agreement in Hopkinton Massachusetts in the month of July . The average list price of the homes that went under agreement was $652,408. The average time on the market for these Hopkinton homes were 64 days.

Through July there are 80 homes that have sold in Hopkinton. In 2009 there were 79 homes sold through July.

 

            January - December 2008 & 2009 Market Statistics for Hopkinton Massachusetts

 

In Hopkinton MA for the period of January to December of 2008 there were 130 properties sold.

In Hopkinton MA for the period of January to December 2009 there were 150 properties sold.

In Hopkinton MA for the period of January to December in 2008 the average list price was $617,750 the average sale price was $594,511 and the average market time was 131 days.

In Hopkinton MA for the period of January to December in 2009 the average list price was $528,945 the average sale price was $511,107 and the average time on the market was 114 days.

** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Hopkinton MA.

In comparing year over year longer term data for Hopkinton Massachusetts, there was still a downward movement in home values as compared to previous years. The rate at which home values are dropping seems to have stabilized quite a bit, especially in the lower price points of the market. The average days on the market for a home has dropped and inventory levels remained stable throughout the year.

There was an increase of 20 sales in Hopkinton in 2009 v.s 2008!

Click here for previous Hopkinton MA Real Estate market reports.

Market reports for Holliston

Market Reports for Mendon

Market reports for Hopedale

Market reports for Milford

Market reports for Southboro

Market reports for Upton

Market reports for Ashland

Market Reports for Westboro

Selling a home in Hopkinton Massachusetts or other Metrowest town is heavily dependent 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 Hopkinton and many other Metrowest communities has changed over the last five years. We are no longer in a seller's market.

When selling a home in Hopkinton MA, it pays to have a pro in your corner representing you. Here are some Real Estate interview questions to ask when interviewing a Realtor, that will help you determine if you are hiring a top producer or not!

** 90% of all buyers are finding their homes on the Internet. See where I advertise on-line to create an incredible online presence for my clients at Hopkinton Real Estate marketing. **

 

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About the author: The above Hopkinton Massachusetts Real Estate Market report was provided by Bill Gassett, a Nationally recognized leader in his field. 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 Hopkinton MA and other Metrowest towns for the last 24+ Years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

For Massachusetts and Hopkinton MA Real Estate and homes see Hopkinton Real Estate. 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, Franklin, Framingham, Mendon, Hopedale, Medway, Grafton, Northboro, Shrewsbury, Bellingham, Northbridge, and Uxbridge MA.

Click here to view Bill Gassett's Real Estate profile.

 

 

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Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 24 years.

Northbridge MA Real Estate ~ Just listed 114 Conservation Drive Northbridge Massachusetts. Listed at $329,900 by Bill Gassett, RE/MAX Executive Realty. This is a Northbridge MA Short sale and needs lender approval.

*** Update - this home closed on 10/29/2010 for $323,000. Another successful Northbridge Massachusetts by Bill Gassett.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Great opportunity for a buyer looking to get into an excellent Northbridge Massachusetts neighborhood setting! Come take a look at this super colonial located in the popular "Whitin Woods" area!

This Northbridge home features a large kitchen with White cabinetry, breakfast bar, and sliders to a large deck overlooking a fantastic lot. Directly off the kitchen you will find a spacious fireplaced family room with cathedral ceilings and built-in bookcases. The rest of the 1st floor includes a Formal dining room and entry with hardwood flooring and a formal living room or study.

The 2nd floor includes a nice master suite with a full private bath and walk-in closet as well as two other good size bedrooms and a family bath.

The lower level has just been newly finished and makes for a great 2nd family room with attractive bead board wainscoting and a 1/2 bath. The home has a terrific lot abutting town owned land and is surely one of the best in the entire Whitin Woods neighborhood.

In total there are eight rooms, three bedrooms, 2 full  baths, and two half baths. The total gross living area is about 2280 including the finished lower level. The lot is .87 acres. The taxes on this Northbridge home are a reasonable $3556 per year.

Click the link to see a slide show video tour of 114 Conservation Drive Northbridge Massachusetts.

For an exact location of 114 Conservation Drive and the Whitin Woods neighborhood see the Google Map below.

 

View Larger Map

 

Thinking of selling your home in Northbridge Mass or other Metrowest town? I would welcome the opportunity to show you how my extensive online marketing can get your home SOLD! Almost 90% of all homes are found online. I create a dominating online presence for my clients properties. My Real Estate blog is highly indexed in GOOGLE. You can see an example of my Northbridge Mass home marketing here.

Do you need to short sale a Massachusetts home? I am successfully closing short sales throughout the Metrowest Massachusetts area and points further West. For more short sale information see the articles below I have written. I have a 100% success rate at short sale approval!

Massachusetts short sale Real Estate articles:

Massachusetts short sale debt removal

Massachusetts short sale tax consequences

Massachusetts short sale Realtor

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About the author: The above Real Estate information on 114 Conservation Drive, Northbridge Massachusetts was provided by Bill Gassett, a Nationally recognized leader in his field. 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 24+ Years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

For Massachusetts and Northbridge MA Real Estate and homes see Northbridge MA Homes For Sale 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, Franklin, Grafton, Northbridge, Uxbridge, Shrewsbury, Northboro, Framingham, Douglas, and Bellingham MA.

Click here to view Bill Gassett's Real Estate profile.

 

Subscribe in a reader

 

 

SUBSCRIBE TO MY METROWEST HOMES BLOG via email.

Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 24 years.

We most likely have a little ways to go before Real Estate markets throughout the country finally hit bottom. After all there is still a significant amount of foreclosure inventory that needs to be sold, as well as new foreclosure inventory that has not yet hit the market.

According to Rick Sharga, Vice President for marketing at Realty Trac, a foreclosure listing firm, there were around 700,000 foreclosed homes nationwide at the end of last year that had not been listed yet. This "shadow inventory" of unsold homes certainly could drag the correction out longer.

This period in time however, could eventually looked back at as one of the best in our history to buy a home.

Think about it for a minute when have we ever had the kind of conditions that we presently have now? A large consolidation in housing prices, interest rates teetering on near record lows, 1st time home buyer tax credits, and on and on.

In some respects the housing market is like the stock market. Everyone would love to find the exact bottom and then buy.

If your time line for home ownership does not include a possible transfer over the next couple of years what are you waiting for? You should be jumping at this chance. The cost of home ownership has never been more affordable!

In many areas throughout the country you can own your own home for less than what a similar home would rent for. This is BEFORE you even take into account the tax savings involved with having a home.

While stocks can often times shoot up in a span of a few weeks and home prices do not, don't be foolish enough to assume that interest rates could not jump in a very short period of time. As soon as inflation starts to rear it's ugly head there will be extreme upside pressure on interest rates.

If you are a 1st time home buyer or want to move up in the market to a larger home there has never been a better opportunity. For those that want to think about moving up in the market and have not made the move because of lost equity - STOP WORRYING ABOUT IT! You will make this up on the purchase, as the home you will be buying will most likely have dropped by a larger percentage. For a detailed explanation of this see selling your home in a buyers market.

Interest rates are the X factor right now! The cost of borrowing money is super low. How long this will last is anybodys guess! I truly believe we are nearing the bottom of the Real Estate correction. Rates will not stay this low forever. Don't kick yourself by saying I coulda, woulda, shoulda after the rates jump!

I will leave you something to think about with this 30 second video:

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About the Author: The above Real Estate information on the housing market coming back  was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356. 

Have a home to sell in Metrowest Mass? I have a passion for Real Estate and love to share my marketing expertise! 

For Metrowest Massachusetts Real Estate and homes see Real Estate in Metrowest Mass. 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 Massachusetts: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, Franklin, Douglas, and Framingham MA.

Click here to view Bill Gassett's Real Estate profile.

 

Subscribe in a reader

 

SUBSCRIBE TO MY METROWEST HOMES BLOG via email.

Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 23 years.