Hopkinton Massachusetts Real Estate Market Report October 2007
In October of 2007 there were 10 homes that closed within the month for Hopkinton MA. This is an decrease of 3 units as there were 13 homes that closed in October of 2006.
The Average list price for the homes that closed in Hopkinton for October of 2007 was $542,060
The Average list price for the homes that closed in Hopkinton for October of 2006 was $505,196
The Average sale price for the homes that closed in Hopkinton for October of 2007 was $523,920
The Average sale price for the homes that closed in Hopkinton for October of 2006 was $488,204
The Average Market time for the homes that closed in Hopkinton in October of 2007 was 153 days.
The Average Market time for the homes that closed in Hopkinton October of 2006 was 111 days.
Six homes went under agreement in Hopkinton MA in the month of October. The average list price of the homes that went under agreement was $626,900. The average time on the market for these Hopkinton homes were 144 days.
January - October Market Statistics for Hopkinton MA
In Hopkinton MA for the period of January to October of 2007 there were 162 properties sold.
In Hopkinton MA for the period of January to October 2006 there were 155 properties sold.
In Hopkinton MA for the period of January to October in 2007 the average list price was $639,603 the average sale price was $617,887 and the average market time was 136 days.
In Hopkinton MA for the period of January to October in 2006 the average list price was $671,214 the average sale price was $648,196 and the average time on the market was 113 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 MA, it appears that there is still a downward trend in the average sale price for homes, as well as an increase in the days on the market for the same period in Hopkinton MA.
These statistics are similar to many of the towns in Metrowest MA and represent the on going weakness in the market as compared to previous years. What must be stressed, however, is that these home figures still represent a healthy amount of sales. The amount of sales year to date are actually up year to date.
Click here for previous Hopkinton MA Real Estate market reports.
Selling a home in Hopkinton 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 Hopkinton and many other Metrowest communities has changed over the last two and a half years. We are no longer in a seller's market. Interested in learning more about real estate and homes in Hopkinton MA? Click here to see articles and market reports regarding Hopkinton MA Real Estate.
When selling a home in Hopkinton 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!
** 85% of all buyers are finding their homes on the Internet. See this must read article on where I advertise on-line. Metrowest MA Homes ~ How to effectively market to the masses on-line. **
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 firstname.lastname@example.org 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 21+ Years. Bill's office is conveniently located in the center of Hopkinton MA at 77 Main Street.
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 Hopkinton 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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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.