Southboro Massachusetts Real Estate Market Report for June 2009
In June of 2009 there were 4 homes that closed within the month for Southboro Massachusetts. This is an decrease of 8 units, as there were 12 homes that closed in June of 2008.
The Average list price for the homes that closed in Southboro for June of 2008 was $735,442
The Average list price for the homes that closed in Southboro for June 2009 was $302,150
The Average sale price for the homes that closed in Southboro for June of 2008 was $681,867
The Average sale price for the homes that closed in Southboro for June of 2009 was $289,500
The Average Market time for the homes that closed in Southboro in June of 2008 was 209 days.
The Average Market time for the homes that closed in Southboro June of 2009 was 87 days.
2 homes went under agreement in Southboro MA in the month of June. The average list price of the homes that went under agreement was $641,500. The average time on the market for these Southboro homes were 16 days.
Through June there have been 25 homes that have sold in Southboro. There were 36 homes that closed last year at this point in time.
January - December 2008 Market Statistics for Southboro MA
In Southboro MA for the period of January to December 2007 there were 88 properties sold.
In Southboro MA for the period of January to December 2008 there were 65 properties sold.
In Southboro MA for the period of January to December in 2007 the average list price was $617,149 the average sale price was $591,417 and the average market time was 158 days.
In Southboro MA for the period of January to December in 2008 the average list price was $621,602 the average sale price was $589,084 and the average time on the market was 142 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Southboro MA.
In comparing year over year longer term data for Southboro Massachusetts through December of 2008, there have been less homes sold. The average sale price was very stable as there were more higher end properties that closed which kept the average up. The average days on the market has declined in Southboro Massachusetts.
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 Southboro Real Estate Market Reports.
Selling a home in Southboro 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 Southboro 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 Southboro Massachusetts, it pays to have a pro in your corner representing you.
** 85% of all buyers are finding their homes on the Internet. See where I advertise on-line to give my clients on dominant internet presence at Metrowest MA Homes ~ How to effectively market to the masses on-line. **
We are no longer in a seller's market. When selling a home in Southboro 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!
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About the author: The above Southboro Massachusetts Real Estate 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 Southboro MA and other Metrowest towns for the last 23+ Years.
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Bill:
That's the way to go!
Richard
Bill the dramatic change in the median and average price is an indication that most sales were in the lower range or a significant price drop occurred. This was typical of many markets this year.
Hi Bill, like Jennifer's remarks in our area more of the sales are at the lower end of the price range -- starting to pick up some however, in the upper ranges. Best of success! John