Hopkinton Massachusetts Real Estate Market Report November 2009
In November of 2009 there were 13 homes that closed within the month for Hopkinton Massachusetts. This is an increase of 5 units, as there were 8 homes that closed in November of 2008.
The Average list price for the homes that closed in Hopkinton for November of 2008 was $685,425
The Average list price for the homes that closed in Hopkinton for November of 2009 was $430,654
The Average sale price for the homes that closed in Hopkinton for November of 2008 was $667,615
The Average sale price for the homes that closed in Hopkinton for November of 2009 was $396,701
The Average Market time for the homes that closed in Hopkinton in November of 2008 was 136 days.
The Average Market time for the homes that closed in Hopkinton November of 2009 was 82 days.
7 homes went under agreement in Hopkinton Massachusetts in the month of November. The average list price of the homes that went under agreement was $480,643. The average time on the market for these Hopkinton homes were 76 days.
So far in 2009 through November there have been 138 homes sold in Hopkinton. There were 121 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 24+ 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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Bill, I can't keep telling you enough that I love your reports and I'm sure your clients and future clients do too.
Bill it is that time again when you provide your marketplace with a comphrensive report. It is great to see sales are on the increase.
Bill:
I think this market took a major dip. I hope it sees some support here.
Richard
Richard - The sales figures in Hopkinton were actually pretty good this month. I know you are probably looking at the average sales prices but this is not a good indicator as a couple of sales can throw off the market. Hopkinton is doing well as compared to 2008.
Interesting data, Bill, and somewhat encouraging. Any idea why the difference as compared to other towns? I know Hopkiinton has great schools, for one but curious.
Jeff
Jeff ~ There are a number of reasons that make Hopkinton a destination town. As you mention the schools are fantastic. The other highlights are the proximity to major highways. Hopkinton is at the cross roads of New England (495 & Mass Pike). The housing stock is Hopkinton is great as there are more newer neighborhoods that have been built in the last ten years. In fact Hopkinton made Money Magazine best places to live in 2009.
Bill - Good stats. Looks like a leveling off, or the "dip is not as steep", with your market time and unt stats.