Hopkinton Massachusetts Real Estate Market Report February 2010
In February of 2010 there were 4 homes that closed within the month for Hopkinton Massachusetts. This is an decrease of 2 units, as there were 6 homes that closed in February of 2009.
The Average list price for the homes that closed in Hopkinton for February of 2009 was $543,783
The Average list price for the homes that closed in Hopkinton for February of 2010 was $354,625
The Average sale price for the homes that closed in Hopkinton for February of 2009 was $520,625
The Average sale price for the homes that closed in Hopkinton for February of 2010 was $335,500
The Average Market time for the homes that closed in Hopkinton in February of 2009 was 194 days.
The Average Market time for the homes that closed in Hopkinton February of 2010 was 165 days.
9 homes went under agreement in Hopkinton Massachusetts in the month of February. The average list price of the homes that went under agreement was $496,578. The average time on the market for these Hopkinton homes were 149 days.
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.
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. **
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 email@example.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.
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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.
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Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 24 years.
Bill Gassett is a thirty-two year veteran to the real estate industry. He enjoys providing helpful information to buyers, sellers and fellow real estate agents to make sound decisions. His work has been featured on RIS Media, National Association of Realtors, Inman News, Placester, RESAAS, Credit Sesame and others.