Massachusetts Real Estate

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Hopkinton Real Estate Market Report March 2009

                                         Hopkinton Massachusetts Real Estate Market Report March 2009

Hopkinton MA Real Estate report

 

 

 

 

 

 

 

 

 

In March of 2009 there were 4 homes that closed within the month for Hopkinton Massachusetts. This is a decrease of 2 units as there were 6 homes that closed in March of 2008.

The Average list price for the homes that closed in Hopkinton for March of 2008 was $771,750

The Average list price for the homes that closed in Hopkinton for March of 2009 was $413,250

The Average sale price for the homes that closed in Hopkinton for March of 2008 was $757,438

The Average sale price for the homes that closed in Hopkinton for March of 2009 was $396,000

The Average Market time for the homes that closed in Hopkinton in March of 2008 was 136 days.

The Average Market time for the homes that closed in Hopkinton March of 2009 was 119 days.

 

12 homes went under agreement in Hopkinton Massachusetts in the month of March. The average list price of the homes that went under agreement was $466,431. The average time on the market for these Hopkinton homes were 180 days.

 

                                            January - December 2008 Market Statistics for Hopkinton MA

 

In Hopkinton MA for the period of January to December of 2007 there were 186 properties sold.

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

In Hopkinton MA for the period of January to December in 2007 the average list price was $637,771 the average sale price was $616,089 and the average market time was 144 days.

In Hopkinton MA for the period of January to December in 2008 the average list price was $617,715 the average sale price was $594,511 and the average time on the market was 131 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, it appears that there is still a downward trend in the average sale price for homes. The average days on the market has remained fairly stable for the same period in Hopkinton Massachusetts. The amount of sales is down quite a bit year over year.

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.

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 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 four 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 excellent Real Estate 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 where I advertise on-line to create an incredible online presence for my clients Metrowest MA Homes ~ How to effectively market to the masses on-line. **

 

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About the author: The above Hopkinton Massachusetts Real Estate Market report was provided by Bill RE/MAX Executive Realty Hopkinton MA Real EstateGassett, 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 23+ 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, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, and Framingham MA.

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

 

 

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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.

Comment balloon 8 commentsBill Gassett • April 04 2009 09:52AM

Comments

Bill, I hope for every-ones sake the size and quality of homes being sold are not similar in both years. It would make sense if the smaller starter homes are selling now, while the larger more expensive homes have stayed off the market (I hope). But if the swing is 700K - down to 400K in a year that is dramatic for the same size and location homes one year to the next.

Posted by Steve Loynd, 800-926-5653, White Mountains NH ( Alpine Lakes Real Estate Inc., ) about 10 years ago

Steve - Good observation. No the market did not drop by that amount. What you are looking at is just a very small snap shot of the overall market. You are looking at just what took place in the month of March as far as sales go. It is the average of what closed. For a more meaningful picture of what has happened in the market you need to look at the year over year statistics about the bottom of the post.

Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) about 10 years ago

Bill... I see what your saying and that is a better picture as a whole: but the (March) numbers do send the message that price is the ultimate amenity right now, and community is more important than McMansions.

Posted by Steve Loynd, 800-926-5653, White Mountains NH ( Alpine Lakes Real Estate Inc., ) about 10 years ago

Hi Bill, You do a great job of staying on top of your market.  This morning on our MLS I noticed how many fewer homes sold last month than in the same month last year.  Have a great week-end.

Posted by Shirley Parks, Broker, 210-414-0966, San Antonio TX Real Estate (Sands Realty 210-414-0966) about 10 years ago

Hi Bill, As usual an excellent report and your conclusion seems to be just right on the money. The San Diego market is picking up in sales though it also continues to reflect a downward trend on prices but less so now as we are gradually beginning to see the change in the tides. I am encouraged as the hosuing business is picking up steam.

Posted by William Johnson, Retired Real Estate Professional (Retired) about 10 years ago

Bill negative numbers in sales are not good, need to turn that around, hopefully this Spring will go a long way to doing that.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 10 years ago

Shirley, William, George - The pending sales are excellent for March and activity levels have picked up tremendously. Inventory is fairly low as well. It should be a very decent Spring for Real Estate activity. Homes that are priced properly will sell in a reasonable amount of time in the Hopkinton area.

Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) about 10 years ago

Wow!   Pretty steep drop in price in Hopkinton, more than Holliston, on a percentage basis.  Less of a drop in my hometown.  I think this spring and summer will be good for all of us!

Posted by Carol Lee, Realtor - Agoura, Oak Park, Westlake CA Homes (Dilbeck Real Estate) about 10 years ago

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