Mendon Massachusetts Real Estate Market Report for March 2010
In March of 2010 there was 4 homes that closed within the month for Mendon Massachusetts. This is an increase of 2 units as there was 2 homes that closed in March of 2009.
The Average list price for the homes that closed in Mendon for March of 2009 was $263,450
The Average list price for the homes that closed in Mendon for March of 2010 was $372,831
The Average sale price for the homes that closed in Mendon for March of 2009 was $242,500
The Average sale price for the homes that closed in Mendon for March of 2010 was $365,750
The Average Market time for the homes that closed in Mendon for March of 2009 was 169 days.
The Average Market time for the homes that closed in Mendon for March of 2010 was 279 days.
2 homes went under agreement in Mendon Massachusetts in the month of March. The average list price of the homes that went under agreement was $272,450. The average time on the market was 29 days.
January - December 2008 & 2009 Market Statistics for Mendon Massachusetts
In Mendon MA for the period of January to December of 2008 there were 37 properties sold.
In Mendon MA for the period of January to December 2009 there were 33 properties sold.
In Mendon MA for the period of January to December in 2008 the average list price was $416,676 the average sale price was $403,086 and the average market time was 211 days.
In Mendon MA for the period of January to December in 2009 the average list price was $363,512 the average sale price was $349,355 and the average time on the market was 140 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Mendon MA.
In comparing year over year longer term data for Mendon Massachusetts there was a similiar amount of homes sold as compared to 2008. These numbers were weak as compared to previous years. The average sales price of homes also continued downward. There was however, a pretty substantial drop in the average days on the market for a home on the market in Mendon. This is a positive sign going forward. Mendon remains a good town for those seeking a moderately inexpensive home just outside of the more expensive Metrowest area.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Mendon Massachusetts.
Click here for previous months Real Estate Market reports for Mendon MA
When selling a home in Mendon Massachusetts, 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 give my clients a dominant internet presence at Mendon Massachusetts Real Estate marketing. **
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About the author: The above Mendon 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 Mendon MA and other Metrowest towns for the last 24+ Years.
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glad to see the market moving in your area!
your friend in Charlottesville Virginia!
Bill
It looks like Mendon is picking up; is the whole market picking up overall?
Hi Bill,
Comparing 2009 vs. 2010 closings for Mendon look pretty impressive, yet I was surprised to see the days on the market was significantly longer.
Hi Bill! WOW, now that's what I like to see in a market report! Mendon MA real estate market is not doing too shabby!
Hope you have a great week...
Lynda you are looking at a small sample size in one month. There were 4 homes sold that happen to have been on the market a long time.
Charles, Tom & Debbie - Thanks for your comments on my Mendon Real Estate report!
Bill,
do you find that you get more consumer leads from your AR postings or from your non-AR postings?