Northbridge Massachusetts Real Estate Market Report for November 2009
In November of 2009 there was 7 homes that closed within the month for Northbridge Massachusetts. This is an increase of 2 units as there were 5 homes that closed in November of 2008.
The Average list price for the homes that closed in Northbridge for November of 2008 was $469,715
The Average list price for the homes that closed in Northbridge for November of 2009 was $305,943
The Average sale price for the homes that closed in Northbridge for November of 2008 was $437,600
The Average sale price for the homes that closed in Northbridge for November of 2009 was $292,950
The Average Market time for the homes that closed in Northbridge in November of 2008 was 166 days.
The Average Market time for the homes that closed in Northbridge November of 2009 was 215 days.
3 homes went under agreement in Northbridge Masssachusetts in the month of November. The average list price of the homes that went under agreement was $281,572. The average time on the market for these Northbridge MA homes was 60 days.
Through November there have been 113 homes sold in Northbridge. At the same time last year there were 88 homes sold!
January - December 2008 Market Statistics for Northbridge Massachusetts
In Northbridge MA for the period of January to December of 2007 there were 114 properties sold.
In Northbridge MA for the period of January to December 2008 there were 96 properties sold.
In Northbridge MA for the period of January to December in 2007 the average list price was $363,749 the average sale price was $352,726 and the average market time was 167 days.
In Northbridge MA for the period of January to December in 2008 the average list price was $326,475 the average sale price was $315,033 and the average time on the market was 182 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Northbridge Massachusetts.
In comparing year over year longer term data for Northbridge MA, 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. The average days on the market for the same period in Northbridge MA is also higher . The number of homes sold in the January to December time period is down substantially from the previous year.
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 as well as the number of homes sold for the January to December time frame.
Selling a home in Northbridge 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 Northbridge 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 Northbridge Massachusetts, it pays to have a pro in your corner representing you.
When selling a home in Northbridge 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 a dominant internet presence for my clients at Northbridge Real Estate marketing **
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About the author: The above Northbridge 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 Northbridge 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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It's good to see the increase in the number of home sales in Northbridge Bill. I have a feeling 2010 will be even better.
Bill - looks like some encouraging news for home sales. And some similar trends that you have reported in your other markets.It's easy to see you are the go-to person for the best information on the Northbridge housing market.
Jeff
Bill
Northbridge looks like the place to be; glad your area is taking of a little more.
Bill - Looks like you are on the market pulse for Northbridge !