Northbridge Massachusetts Real Estate Market Report for December 2009
In December of 2009 there was 4 homes that closed within the month for Northbridge Massachusetts. This is an decrease of 4 units, as there were 8 homes that closed in December of 2008.
The Average list price for the homes that closed in Northbridge for December of 2008 was $317,288
The Average list price for the homes that closed in Northbridge for December of 2009 was $233,629
The Average sale price for the homes that closed in Northbridge for December of 2008 was $298,938
The Average sale price for the homes that closed in Northbridge for December of 2009 was $228,750
The Average Market time for the homes that closed in Northbridge in December of 2008 was 145 days.
The Average Market time for the homes that closed in Northbridge December of 2009 was 53 days.
2 homes went under agreement in Northbridge Masssachusetts in the month of December. The average list price of the homes that went under agreement was $302,400. The average time on the market for these Northbridge MA homes was 166 days.
January - December 2008 & 2009 Market Statistics for Northbridge Massachusetts
In Northbridge MA for the period of January to December of 2008 there were 96 properties sold.
In Northbridge MA for the period of January to December 2009 there were 117 properties sold.
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 market time was 182 days.
In Northbridge MA for the period of January to December in 2009 the average list price was $280,651 the average sale price was $270,931 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 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 as compared to 2008. There was however, some really positive news for Northbridge as the amount of sales increased by quite a bit and the average market time also dropped by a substantial margin!
Northbridge remains an excellent town for both 1st time home buyers as well as those wishing to move up into the mid ranges of the market.
Below are market reports for other towns in the Northbridge area:
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 five 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!
** Almost 90% 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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I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, Douglas, and Framingham MA.
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Bill
Nprthbridge looks like it is doing well; am I right in thinking you are rebounding well?
Bill ~ This is great news ~ There was however, some really positive news for Northbridge as the amount of sales increased by quite a bit and the average market time also dropped by a substantial margin!
Bill, It's good news for your areas, I believe I saw good news for Hopkinton as well! You have gorgeous homes and the areas you serve are just beautiful...and your expertise in your beautiful presentations help so much.
It sounds promising in your area of Massachusetts! Especially the average market time for the homes that closed in Northbridge. ;>))
Bill - Even though prices are down, the days on market looks very encouraging and perhaps is a precursor for the prices to start to go the other way.
Thanks everyone for all your comments on my Northbridge Real Estate report. It looks like things may have finally hit bottom. Unless we see a spike in interest rates or a slump in the job market 2010 should be even better.
Good post. It’s amazing how many realtors post complete junk. Some people spend zero time and effort on even the basic stuff like photography. Thanks for this amazing real estate blog.