Upton Massachusetts Real Estate Market Report October 2010
In October of 2010 there was 4 homes that closed within the month for Upton Massachusetts. This is a decrease of 7 units, as there were 11 homes that closed in October of 2009.
The Average list price for the homes that closed in October of 2009 was $435,644
The Average list price for the homes that closed in October of 2010 was $390,575
The Average sale price for the homes that closed in October of 2009 was $420,713
The Average sale price for the homes that closed in October of 2010 was $376,750
The Average Market time for the homes that closed in October of 2009 was 196 days.
The Average Market time for the homes that closed in October of 2010 was 75 days.
There were 5 homes that went under agreement in Upton Massachusetts in the month of October. The average list price of the homes that went under agreement was $370,940. The average market time for these homes was 224 days.
Through October there have been 53 homes sold in Upton. At this same point in time last year there were 46 sales.
January - December 2008 & 2009 Market Statistics for Upton Massachusetts
In Upton MA for the period of January to December of 2008 there were 42 properties sold.
In Upton MA for the period of January to December 2009 there were 56 properties sold.
In Upton MA for the period of January to December in 2008 the average list price was $440,847 the average sale price was $418,537 and the average market time was 126 days.
In Upton MA for the period of January to December in 2009 the average list price was $416,507 the average sale price was $403,049 and the average time on the market was 149 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Upton MA.
In comparing year over year longer term data for Upton MA, it appears that there is still a slight downward trend in the average sale price for homes. The average time for a home on the market also went up. The good news however, it that there were quite a few more home sales in 2009!
For those buyers that are looking for a rural town with great lot sizes and only a little longer commute time, Upton remains an excellent choice.
Click here to see previous Upton Real Estate Market Reports.
Selling a home in Upton 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 Upton 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 Upton Massachusetts, it pays to have a pro in your corner representing you.
We are no longer in a seller's market. When selling a home in Upton MA it pays to have a Pro in your corner. 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 online presence for my clients at Upton Massachusetts Real Estate Marketing . **
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About the Author: The above Upton 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 Upton Massachusetts 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!
For Massachusetts and Upton MA Real Estate and homes see Upton MA Real Estate. Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.
I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Franklin, Framingham, Hopedale, Medway, Grafton, Northbridge, Northboro, Bellingham, Uxbridge, Douglas, and Shrewsbury MA.
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If there's anyone who knows their market better than you, I want to meet them! Great job keeping folks up to date on what's happening in their local Real Estate market Bill.
Bill I have been noticing a decrease in the number of units sold in the majority of your Market Reports. Hope that trend turns around.
More homes are selling~ this is good good good!! Must have larger amounts of inventory with that mixed report!
Bill, I noticed here in the Raleigh NC area that our showings have almost declined by 50% in the last few months. Same for your area? Sure hope the market starts a turn upward for Upton MA real soon.
Pam - Unfortunately we are experiencing a large drop in activity as well. This comes as no surprise to me as we are heading into a tradtionally slow time of the year for Real Estate here.
Hi Bill! Well, at least 1 of the 3 categories (DOM) has improved! Sellers pricing their homes at market value are helping us here as well. They're going faster but, for less $$!
Bill your Upton market reports are well done and loaded with information
Bill, passed the license exam today and now licensed in two states. Can't wait to get started. Thanks for your support.
HI Bill - Your market looks very similar to mine - prices down but sales up. As usual you are keeping your readers well informed as to what is happening on the real estate market in your area.
hey Bill, even with numbers dropping a bit, your quality of service remains tops for the Massachusetts Real Estate Market, and Market Reports like this one for Upton, for October 2010. Cheers!
Oops I've been here before - I hope you are OK and too busy to post
Bill yes this is a trend in my market too, fewer sales in some area. Once again you provided the residents of Upton MA and anyone thinking of relocating to the area with an overview of the market during October and you do know the market.
Bill - Even though there are less homes being sold, the days on market are down dramatically. Would not be surprised if you are involved in some of the activity ! Great reports as usual ! ~ Chris
Looks like buyers are taking advantage of the year-over-year 10% drop in prices. Sellers must really like the shortened DOM.
Bill--Your expert reports show that you really know the markets that you serve! It would be a pleasure to refer any clients relocating to your area to you!
Thanks everyone for all your comments on my Upton MA Real Estate transaction report.
Although the average list and sale prices have fallen, at least the market time is down. Makes sense...lower prices make people move a little faster. We are grinding to halt with the approaching holidays...and winter:)