Southboro Massachusetts Real Estate Market Report for November 2009
In November of 2009 there were 11 homes that closed within the month for Southboro Massachusetts. This is an increase of 8 units, as there were 3 homes that closed in November of 2008.
The Average list price for the homes that closed in November of 2008 was $397,933
The Average list price for the homes that closed in November of 2009 was $475,338
The Average sale price for the homes that closed in November of 2008 was $363,500
The Average sale price for the homes that closed in November of 2009 was $461,988
The Average Market time for the homes that closed in November of 2008 was 102 days.
The Average Market time for the homes that closed in November of 2009 was 281 days.
3 homes went under agreement in Southboro MA in the month of October. The average list price of the homes that went under agreement was $632,967. The average time on the market for these Southboro homes were 261 days.
Through October there have been 74 homes that have sold in Southboro. There were 59 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 Southboro MA Real Estate Marketing. **
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 24+ Years.
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Interesting stats Bill. The average DOM increased but so did the sale price! Another excellent report!
This is great news. Glad the average price has increased considerably.Looks like higher priced homes are selling.Great report .
Bill those are incouraging sales numbers, and that is the way we need to keep this market going.
Bill, still love your Real Estate Market Reports. Looks like things are literally looking "up" for Southboro! ;-)
I love your consistency with these, Bill.
Hi Bill, it looks like prices and sales are both up. Do you expect further increases as we get through the Winter market into Spring, inspired by the Federal Tax Credit ?
Thanks everyone for all your comments on my Southboro Real Estate report. I am looking forward to a great 2010!
Bill The average list and sold was up over last year and there were 3 fewer sales. I wonder if there is a corelation.
I know you will have a fantastic 2010.