Westboro Massachusetts Real Estate Market Report for October 2009
In October of 2009 there were 14 homes that closed within the month for Westboro Massachusetts. This is a increase of 7 units, as there were 7 homes that closed in October of 2008.
The Average list price for the homes that closed in Westboro for October of 2008 was $466,433
The Average list price for the homes that closed in Westboro for October of 2009 was $369,850
The Average sale price for the homes that closed in Westboro for October of 2008 was $434,654
The Average sale price for the homes that closed in Westboro for October of 2009 was $357,179
The Average Market time for the homes that closed in Westboro in October of 2008 was 164 days.
The Average Market time for the homes that closed in Westboro October of 2009 was 131 days.
6 homes went under agreement in Westboro Massachusetts in the month of October. The average list price of the homes that went under agreement was $499,900 The average time on the market for these Westboro MA homes were 115 days.
Through October there have been 109 homes sold in Westboro. At this same time last year there were 112 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 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 give my clients dominant internet exposure at Westboro MA Real Estate marketing **
Here are some additional Real Estate reports for the other towns surrounding Westborough:
Thinking about selling a Westboro Home? Here are couple of Real Estate articles worth reading:
Preparing to sell a Massachusetts home
Massachusetts Home Selling Tips
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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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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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Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 23 years.
You do an amazingly consistent job in keeping your clients (and potential) up to speed on how the market is doing in your area. That is on my to do list but you are definitely the pro in getting the statistics complete.
Bill,
It does appear the Westboro is getting better. Your sp/lp looks to be better in 09 than in 08 and you have sold more units. Here's to getting the list price and sale price back up.
Hi Bill...great market report, looks like home Buyers get great value for homes right now. They better find their next dream home quickly while prices and mortgage rates are down.
Cheers
Bill Is the October drop versus 2008 il list and sales price an ongoing phenomenon - it would appear you have not leveled off yet
Bill:
Looks like quite a drop in price. Maybe the market will get going again from here.
Richard
great info as always for your clients
Thanks everyone for commenting on my Westboro Mass Real Estate report!
Karen & Richard - This year other than the upper end of the market pricing has stabilized. We are not seeing the large drops in value that we were last year. The luxury home market is still very week due to a lack of buyers.