Southboro Massachusetts Real Estate Market Report for October 2011
In October of 2011 there were 8 homes that closed within the month for Southboro Massachusetts. This is the same amount of 5 units, as there were 8 homes that closed in October of 2010.
The Average list price for the homes that closed in October of 2010 was $778,338
The Average list price for the homes that closed in October of 2011 was $505,438
The Average sale price for the homes that closed in October of 2010 was $728,156
The Average sale price for the homes that closed in October of 2011 was $478,644
The Average Market time for the homes that closed in October of 2010 was 161 days.
The Average Market time for the homes that closed in October of 2011 was 136 days.
7 homes went under agreement in Southboro MA in the month of October. The average list price of the homes that went under agreement was 557,071. The average time on the market for these Southboro homes were 194 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.
For Massachusetts and Southboro MA Real Estate and homes see Southboro MA Realtors. Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.
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Bill I enjoy your market reports. I hope that the market is Southboro, MA continues to show signs of improvement.
Bill, getting to the bottom of everything in Southboro, MA has been a slow process, but I hope you are right and you are just about there.
Predicting the market is almost impossible, but studying the past results does indeed tell us what we need to do RIGHT NOW.
As always, a great market report!
Reaching the bottom of the market means there is only one way to go...UP. Another fine Southboro MA market report too Bill!
Bill, your numbers still don't look too bad. Thanks for sharing.
Bill,
I will pass this information along to an agent who mostly services this area.
Thank you and have a great Sunday!
Bill There is no doubt you are the Southboro expert. The lvel of detail in your market reports make that perfectly clear