Hopkinton Massachusetts Real Estate Market Report January 2010
In January of 2010 there were 8 homes that closed within the month for Hopkinton Massachusetts. This is an increase of 4 units, as there were 4 homes that closed in January of 2009.
The Average list price for the homes that closed in Hopkinton for January of 2009 was $507,450
The Average list price for the homes that closed in Hopkinton for January of 2010 was $522,213
The Average sale price for the homes that closed in Hopkinton for January of 2009 was $487,000
The Average sale price for the homes that closed in Hopkinton for January of 2010 was $501,750
The Average Market time for the homes that closed in Hopkinton in January of 2009 was 59 days.
The Average Market time for the homes that closed in Hopkinton January of 2010 was 78 days.
5 homes went under agreement in Hopkinton Massachusetts in the month of January. The average list price of the homes that went under agreement was $430,300. The average time on the market for these Hopkinton homes were 22 days.
January - December 2008 & 2009 Market Statistics for Hopkinton Massachusetts
In Hopkinton MA for the period of January to December of 2008 there were 130 properties sold.
In Hopkinton MA for the period of January to December 2009 there were 150 properties sold.
In Hopkinton MA for the period of January to December in 2008 the average list price was $617,750 the average sale price was $594,511 and the average market time was 131 days.
In Hopkinton MA for the period of January to December in 2009 the average list price was $528,945 the average sale price was $511,107 and the average time on the market was 114 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, there was still a downward movement in home values as compared to previous years. The rate at which home values are dropping seems to have stabilized quite a bit, especially in the lower price points of the market. The average days on the market for a home has dropped and inventory levels remained stable throughout the year.
There was an increase of 20 sales in Hopkinton in 2009 v.s 2008!
Click here for previous Hopkinton MA Real Estate market reports.
Selling a home in Hopkinton Massachusetts or other Metrowest town is heavily dependent 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 five 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 a Realtor, that will help you determine if you are hiring a top producer or not!
** 90% 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 at 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, Franklin, Framingham, Mendon, Hopedale, Medway, Grafton, Northbridge, and Uxbridge MA.
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Looks like January was a good month in your area. Hope the trend will continue.
Glad to see that prices in your area are on the rise Bill, wonder what is the cause for the longer closing time?
Bill, January WAS good in Hopkinton. It's a beautiful area with gorgeous homes!
Hi Bill, More sales and higher prices. That is a win win. Sounds like your market is recovering and moving forward. With hope and a prayer that we are not headed again toward the slippery slope ( high interest rates because of inflation) (lower market prices because the market being flooded with homes that needed to be sold over the last few years but weren't because of other factors) if we can moderate the pace a little, we can avert that slope.
Isn't it interesting that real estate professionals have been nudged into sounding like economists. Most of the economists are wrong most of the time and one has to wonder if we would be any better,lol. Doubt it.
Looks like the market is improving good to see positive trends.
William - We are lucky here in that we do not have to contend with as many foreclosures as other parts of the country.
Thanks everyone for all your comments on my Hopkinton Real Estate report. Inventory levels are at the lowest they have been in years. The middle to bottom price range of the market is moving really well.
Nice median prices in your area compared to Michigan - nice job, as always, keeping your market up to date on sold prices.
Love these market reports, so extensive and well archived. Any smart buyer should recognize you as the marekt expert!
Looks like buyers might want to get in just under the 500K mark. Nice report as always Bill.
Bill this must be a really nice community with the average prices being as high as they are, and to have an increase in sales with houses in the price range is pretty good in my book.
Nice reports Bill. Remember the days when we 1st got into business and were both so young, and now we are "remembering the days" when the office got it's first fax. :) My how time flies!