Southboro Massachusetts Real Estate Market Report for July 2010
In July of 2010 there were 6 homes that closed within the month for Southboro Massachusetts. This is an decrease of 6 units, as there was 12 homes that closed in July of 2009.
The Average list price for the homes that closed in July of 2009 was $647,717
The Average list price for the homes that closed in July of 2010 was $469,933
The Average sale price for the homes that closed in July of 2009 was $607,813
The Average sale price for the homes that closed in July of 2010 was $447,000
The Average Market time for the homes that closed in July of 2009 was 154 days.
The Average Market time for the homes that closed in July of 2010 was 62 days.
8 homes went under agreement in Southboro MA in the month of July. The average list price of the homes that went under agreement was 606,075. The average time on the market for these Southboro homes were 59 days.
Through July there have been 51 sales in Southboro. At this same point last year there were only 37 sales!
January - December 2008 & 2009 Market Statistics for Southboro Massachusetts
In Southboro MA for the period of January to December 2008 there were 81 properties sold.
In Southboro MA for the period of January to December 2009 there were 66 properties sold.
In Southboro MA for the period of January to December in 2008 the average list price was $617,489 the average sale price was $585,159 and the average market time was 141 days.
In Southboro MA for the period of January to December in 2009 the average list price was $493,542 the average sale price was $472,630 and the average time on the market was 165 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Southboro MA.
While the average sale price in Southboro did drop quite substantially year over year a large part of the reason for this is due to the fact that there were far fewer upper end sales. The middle and lower end of the market in Southboro faired quite well with a stabilization in value. The upper end has remained weak and is more than likely not at the market bottom yet.
The average days on market went up in Southboro from 2008 again due to the fact the upper end of the market remained weak. There were quite a few more sales in 2009 as compared to 2008.
Click here for previous Southboro Real Estate Market Reports.
Selling a home in Southboro 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 Southboro 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 Southboro Massachusetts, it pays to have a pro in your corner representing you.
** Almost 90% of all buyers are finding their homes on the Internet. See where I advertise on-line to give my clients on dominant internet presence at Southboro MA Real Estate Marketing. **
We are no longer in a seller's market. When selling a home in Southboro 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!
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About the author: The above Southboro Massachusetts Real Estate 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 Southboro MA and other Metrowest towns for the last 24+ Years.
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Bill, it looks like Southboro Massachusetts Real Estate is still not stabilizing in price. Market Reports like this are so helpful when it comes time to sell. Sellers can see the stats and it helps them price their homes.
Glad to see the increase in properties closing. We have seen a healthy increase in properties closing in the Venice FL real estate markets. Hope that the prices will begin to stablize soon for all of the USA. Thanks for sharing.
Sharon & Kari - Thanks for your comments on my Southboro MA Real Estate report. Southboro has had a decent year so far.
So, I'm reading the list price of your homes went down, as well as the sales price, but the time on the market is less. Sounds like you have buyers in the lower price bracket buying in less time because they know a good deal.
Did you feature a blog about some old realtor's birthday?
Our prices in the Phoenix area will probably decline some now because the inventory is up and the sales have declined.
Bill another informative report, quite a drop in list and selling price but I envy your DOM of 62; I have not seen that in along time.
Some of the homes that are in price points with low inventory levels will sell quickly as long as they are price correctly.
Your Market Reports are a terrific resource for Sellers and Buyers in Southboro MA.
Bill,
Another information real estate home sales report for one of your many areas of Metrowest, MA. The price change for closings from 2009 to 2010 was surprising.