Hopedale Massachusetts Real Estate Market Report May 2010
In May of 2010 there was 6 homes that closed within the month for Hopedale Massachusetts. This is an increase of 4 of units, as there was 2 homes that closed in May of 2009.
The Average list price for the homes that closed in Hopedale for May of 2009 was $247,400
The Average list price for the homes that closed in Hopedale for May of 2010 was $234,900
The Average sale price for the homes that closed in Hopedale for May of 2009 was $234,950
The Average sale price for the homes that closed in Hopedale for May of 2010 was $218,333
The Average Market time for the homes that closed in Hopedale in May of 2009 was 24 days.
The Average Market time for the homes that closed in Hopedale May of 2010 was 126 days.
5 homes went under agreement in Hopedale Massachusetts in the month of May. The average list price of the homes that went under agreement was $339,900. The average time on the market for these Hopedale homes was 40 days.
January - December 2008 & 2009 Market Statistics for Hopedale Massachusetts
In Hopedale MA for the period of January to December of 2008 there were 33 properties sold.
In Hopedale MA for the period of January to December 2009 there were 45 properties sold.
In Hopedale MA for the period of January to December in 2008 the average list price was $332,945 the average sale price was $319,745 and the average market time was 169 days.
In Hopedale MA for the period of January to December in 2009 the average list price was $287,400 the average sale price was $278,113 and the average time on the market was 99 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Hopedale MA.
In comparing year over year longer term data for Hopedale MA, the average list price and sale price both went down over year from January to December as compared to 2008. There was however some very positive news to come out of Hopdale in 2009. There was a pretty substantial increase in the number of transactions completed as well as a very large decrease in the average time on the market. Like other surrounding local communities the data is starting to look like we could be getting closer to a market bottom!
Here are additional market reports from some other area towns:
Selling a home in Hopedale 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 Hopedale 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 Hopedale Massachusetts, it pays to have a pro in your corner representing you.
When selling a home in Hopedale MA, it pays to have a pro in your corner representing you. Here are some Good Real Estate interview questions to ask when interviewing your agent, that will help you determine if you are hiring a pro or not.
** 85% of all buyers are finding their homes on the Internet. See where I advertise on-line to create a dominat internet presence for my clients at Hopedale MA Real Estate marketing. **
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About the author: The above Hopedale 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 Hopedale 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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Hi Bill, It looks like the prices are at least holding steady after they have dropped over 18 %. But the market seems to be moving and your market sales are looking better for each report. Projecting ahead but looks like you might be on target for 50+ sales this year. Guessing of course but this must be a pretty small area, or at least a very stable one.
Hi Bill. Looks like Hopedale Massachusetts is one of the more affordable places to claim homestead. And the short average listing time must be very motivating for sellers!
Bill Your reports are always clear, concise and uncluttered - the sign of a realtor with in-depth local knowledge
William. Mara & Karen thanks for stopping by an commenting on my Hopedale Real Estate report. The market has been doing pretty well through the 1st couple quarters.
Hi Bill, you always supply great stats for your market. Do you take your market reports and "summarize" for Active Rain, or do you upload directly. I'm hoping to do the same for my markets, but want to be as efficient as possible! Thanks for any advice!
Katherine
Great information on the market !
Your market updates are incredibly thorough and 2nd to none Bill. Thanks for stopping by my blog a few days ago! I'm getting back into the swing of things slowly but surely.
Bill great report as usual. What a difference in the DOM, last year only 24 days this year 126 days.
I am sure many look forward to these informative reports.
This is great for realtors to post their current market conditions...Thanks for the information
Jen