Hopkinton Massachusetts Real Estate Market Report October 2009
In October of 2009 there were 9 homes that closed within the month for Hopkinton Massachusetts. This is a decrease of 1 units, as there were 10 homes that closed in October of 2008.
The Average list price for the homes that closed in Hopkinton for October of 2008 was $885,638
The Average list price for the homes that closed in Hopkinton for October of 2009 was $521,578
The Average sale price for the homes that closed in Hopkinton for October of 2008 was $835,990
The Average sale price for the homes that closed in Hopkinton for October of 2009 was $494,442
The Average Market time for the homes that closed in Hopkinton in October of 2008 was 119 days.
The Average Market time for the homes that closed in Hopkinton October of 2009 was 98 days.
** The reason for the large drop in the average sale price year over year in October was due to 2 million dollar + homes that closed last October.
13 homes went under agreement in Hopkinton Massachusetts in the month of October. The average list price of the homes that went under agreement was $527,715. The average time on the market for these Hopkinton homes were 80 days.
So far in 2009 through October there have been 125 homes sold in Hopkinton. There were 113 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 Hopkinton Real Estate marketing. **
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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.
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Nice article well thought out and lots of information... I really need to do something similar for my area.
Bill - The first 2 lines are eye catching on the difference in avg list prices from Oct 2008 - Oct 2009. That is a significant drop $885k to $521k. Hoping the lower prices are allowing properties to move .
Philip - Thanks for the compliment on my Hopkinton Real Estate report.
Claude- The figures are a little misleading because in October of 2008 there were two homes that closed substantially over a million dollars that bumped up the average sale price. In looking at the report it is better to look at the longer term trends. Thanks for your comments:)
Hello Bill, good to see you are finding signs of stabilization. As always I find your detailed reports informative and should be of great assistance to both your sellers and buyers. Thanks! John
Bill, this is a great Hopkinton Real Estate report.