Northbridge Massachusetts Real Estate Market Report for January 2010
In January of 2010 there was 5 homes that closed within the month for Northbridge Massachusetts. This is the same amount of units, as there were 5 homes that closed in January of 2009.
The Average list price for the homes that closed in Northbridge for January of 2009 was $295,560
The Average list price for the homes that closed in Northbridge for January of 2010 was $226,740
The Average sale price for the homes that closed in Northbridge for January of 2009 was $283,700
The Average sale price for the homes that closed in Northbridge for January of 2010 was $220,480
The Average Market time for the homes that closed in Northbridge in January of 2009 was 124 days.
The Average Market time for the homes that closed in Northbridge January of 2010 was 119 days.
1 home went under agreement in Northbridge Masssachusetts in the month of January. The average list price of the homes that went under agreement was $359,900. The average time on the market for these Northbridge MA homes was 260 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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Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 24 years.
It is definitely a tricky market right now. I think recovery is on its way though.
Good report Bill....I have some postcards ordered with the 2008/2009 sold comparisons for single familyto disperse to my farm area. Quite the difference in the 2 years market prices.
Bill-nice work keeping everyone informed on what is going on in the Northbridge Real Estate Market!
Hi Bill. Keep up the good work.
See you at the top!
:)
Ken
Even though the days on market are about the same, almost a 30% drop in value from a year ago with a corresponding drop in sales price. That area definitely is taking a hit. Maybe some recovery in the not to distant future.
Bill
The Northbridge real estate market is lucky having you; knowing there is a great agent for selling or buying is half of it; hiring you completes the cirlce.
Thanks everyone for all your comments on my Northbridge Real Estate report. I expect 2010 to be an improving year for local Real Estate.
Bill there seems to be a pattern of more sales but lower prices between 2008 and 2009 in the last few reports. Hopefully the sales will continue to grow in 2010 and the sales price will begin to rise again.
George you are correct that between 2008-2009 prices were dropping. It looks like values have started to firm. Hopefully 2010 will be a better year for Real Estate in Northbridge and surrounding areas.