Hopkinton Massachusetts Real Estate Market Report May 2009
In May of 2009 there were 13 homes that closed within the month for Hopkinton Massachusetts. This is the same amount of units as there were 13 homes that closed in May of 2008.
The Average list price for the homes that closed in Hopkinton for May of 2008 was $580,685
The Average list price for the homes that closed in Hopkinton for May of 2009 was $476,322
The Average sale price for the homes that closed in Hopkinton for May of 2008 was $562,762
The Average sale price for the homes that closed in Hopkinton for May of 2009 was $460,808
The Average Market time for the homes that closed in Hopkinton in May of 2008 was 130 days.
The Average Market time for the homes that closed in Hopkinton May of 2009 was 106 days.
10 homes went under agreement in Hopkinton Massachusetts in the month of May. The average list price of the homes that went under agreement was $526,750. The average time on the market for these Hopkinton homes were 121 days.
So far in 2009 through May there have been 42 homes sold in Hopkinton. There were 46 homes sold at this same time last year.
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. There are some signs that the market is starting to stabilize in Hopkinton and the surrounding area.
Click here for previous Hopkinton MA Real Estate market reports.
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 Real Estate interview 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. **
_________________________________________________________________________________________________________
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 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.
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.
You provide your clients with extensive, quality information. Why would buyers and sellers in Metrowest Mass work with any other Realtor?
Bill it's so informative to watch your market reports. You've included more areas which is very helpful to your buyers and sellers to keep up with what's selling where. Very good reports.
Pat & Pam - Thanks for your compliments on my Hopkinton Real Estate report. The Spring so far has been excellent!
Bill It is a shame more real estate agents don't post market reports - to me that is the current challenge that needs to be publicized. Karen
Bill, The updates are invaluable to people but I believe it is your presentations that helps drew both buyers and sellers to you. I can see a great deal of effort goes into everything you are posting online and that is often the place most people start their search.....I wouldn't go with any one else in your areas either!
Hi Bill,
You sure know your market, another great report for Hopkinton, MA.
Karen, Carole, and Lynda - Thanks for the compliments on my Hopkinton Real Estate report. There are always people interested in what is happening with the Real Estate market. The reports give a small glimpse of what is going on locally.
Bill no wonder you are the area expert, you provide valuable information to the consumer, therefore your consumers are more educated, they know ahead of time what it will take to sell a house and they also know what agent to call. This is reflect in the many listings you have gotten .
Jennifer - Thanks for the compliments on my Hopkinton Real Estate report. I try to get these reports out in a timely fashion every month as I know they are well received.