Westboro Massachusetts Real Estate Market Report for May 2009
In May of 2009 there were 10 homes that closed within the month for Westboro Massachusetts. This is a decrease of 1 unit, as there were 11 homes that closed in May of 2008.
The Average list price for the homes that closed in Westboro for May of 2008 was $445,509
The Average list price for the homes that closed in Westboro for May of 2009 was $435,840
The Average sale price for the homes that closed in Westboro for May of 2008 was $430,155
The Average sale price for the homes that closed in Westboro for May of 2009 was $416,818
The Average Market time for the homes that closed in Westboro in May of 2008 was 94 days.
The Average Market time for the homes that closed in Westboro May of 2009 was 149 days.
16 homes went under agreement in Westboro Massachusetts in the month of May. The average list price of the homes that went under agreement was $506,488. The average time on the market for these Westboro MA homes were 81 days.
Through May there have been 36 homes sold in Westboro. At this same time last year there were 43 homes sold.
January - December 2008 Market Statistics for Westboro Massachusetts
In Westboro MA for the period of January to December of 2007 there were 164 properties sold.
In Westboro MA for the period of January to December 2008 there were 130 properties sold.
In Westboro MA for the period of January to December in 2007 the average list price was $511,977 the average sale price was $493,296, and the average market time was 138 days.
In Westboro MA for the period of January to December in 2008 the average list price was $464,290 the average sale price was $444,367 and the average time on the market was 97 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Westboro Massachusetts.
In comparing year over year longer term data for Westboro Massachusetts, the average list price and sale price both went down year over year from January to December. This can be attributed to the on going weakness in the real estate market in Metrowest MA. There was however a decrease in the days on the market for the same period in Westboro MA. This is indictive of sellers becoming more realistic in pricing their homes properly.
These statistics are similar to many of the towns in Metrowest MA. Most of the surrounding towns experienced a decrease in the average list price and sale price for the January to December time frame.
There is some evidence to suggest however, that we may be nearing the Real Estate bottom for Westboro and the surrounding area.
Selling a home in Westboro 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 Westboro and many other Metrowest communities has changed over the last three and a half years. We are no longer in a seller's market. When selling a home in Westboro Massachusetts, it pays to have a pro in your corner representing you.
When selling a home in Westboro 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 give my clients dominant internet exposure at Metrowest MA Homes ~ How to effectively market to the masses on-line. **
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About the Author: The above Westboro 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 Westboro Massachusetts 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!
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Hi Bill,
We must be on the same wave length today. I just finished May stats also, for Oakville. It's all good.
We think the bottom is near here also. We have seen inventory going down and the average price increasing.
Bill I hope you are right about being close to reaching bottom. We need to start turning those decreases into increases across the county.
Bill - It is great that you are on top of your local market ! Those pending sales look pretty strong. I hope that continues ... I think you are right... that the bottom is near ! Or maybe it has already even hit in this area. ~ Chris
Bill, so it looks like although marketing times are much longer, your prices really haven't dropped that much which is really good news for owners in your area!
Great Real Estate Market Report for May 2009 for the Westboro Massachusetts area. Nice work, Bill!
Bill - you and I always seem to post our market reports around the same time, for a bunch of communities. I expect you have found, as I have, that these get a lot of traffic. Doesn't look like a huge shift in prices since 1 year ago.
Jeff
Everyone thanks for all your comments on my Westboro market report. The market has been excellent so far this Spring.
Great market reports Bill. I also enjoying researching the data and crunching the numbers, so I can post my market reports to my blog. It's great information for consumers.
Very useful information.. Thanks for the post..
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