Southboro Massachusetts Real Estate Market Report for June 2011
In June of 2011 there were 16 homes that closed within the month for Southboro Massachusetts. This is the same amount of units, as there were 16 homes that closed in June of 2010.
The Average list price for the homes that closed in June of 2010 was $638,413
The Average list price for the homes that closed in June of 2011 was $631,206
The Average sale price for the homes that closed in June of 2010 was $615,175
The Average sale price for the homes that closed in June of 2011 was $617,028
The Average Market time for the homes that closed in June of 2010 was 102 days.
The Average Market time for the homes that closed in June of 2011 was 110 days.
13 homes went under agreement in Southboro MA in the month of June. The average list price of the homes that went under agreement was 641,325. The average time on the market for these Southboro homes were 115 days.
In 2010 there were 81 Real Estate transactions in Southboro. In 2009 there were 82 transactions in Southboro.
January - December 2009 & 2010 Market Statistics for Southboro Massachusetts
In Southboro MA for the period of January to December 20010 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 2010 the average list price was $712,199 the average sale price was $660,382 and the average market time was 136 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.
The average sale price in Southboro increased by a pretty big clip year over year but a large part of the reason for this was due to the fact that there were quite a few upper end sales including one for $3.5 million. The middle and lower end of the market in Southboro faired quite well with a stabilization in value as well.
Going forward it looks like the market could be approaching the bottom.
The average days on market went down in Southboro for 2010 as compared ot 2009.
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-Another great report on the Southboro Real Estate Market.
Great job, as always, keeping the folks in your neck of the woods up to date on what's happening in your local Real Estate market, Bill.
Bill interesting that the same number of homes closed in Southboro two years in a row. A very informative report as usual.
Bill, it is very astute for you to mention that the reason the prices are going up is the sale of higher end homes. We have experienced the same in our Ponte Vedra Beach area. If you take a cursory look, prices have gone up. Take a closer look and you will see it is because more $1,000,000+ homes have sold. Excellent report on Southboro Real Estate Market.
Thanks guys for your comments on my Southboro MA Real Estate report. Southboro remains one of the better towns in the area for stabilizatiion in values.
Bill It would appear Southboro is a very stable market - there has been virtually no deviation - even in days on market