Massachusetts Real Estate

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Westboro MA Real Estate & Homes ~ Market Report January 2008

                           Westboro Massachusetts Real Estate Market Report for January 2008 

Westboro Massachusetts Real Estate market report

 

 

 

 

 

 

 

 

In January of 2008 there were 2 homes that closed within the month for Westboro Massachusetts. This is an decrease of 9 units as there were 11 homes that closed in January of 2007.

The Average list price for the homes that closed in Westboro for January of 2007 was $443,255

The Average list price for the homes that closed in Westboro for January of 2008 was $264,900

The Average sale price for the homes that closed in Westboro for January of 2007 was $426,582

The Average sale price for the homes that closed in Westboro for January of 2008 was $248,975

The Average Market time for the homes that closed in Westboro in January of 2007 was 121 days.

The Average Market time for the homes that closed in Westboro January of 2008 was 51 days.

 

7 homes went under agreement in Westboro MA in the month of January. The average list price of the homes that went under agreement was $414,643. The average time on the market for these Westboro MA homes were 113 days.

** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Westboro MA. Please also remember this is a one month sample for these statistics.

In comparing year over year longer term data for Westboro MA, the average list price and sale price both went down year over year from January to December in 2007. This can be attributed to the on going weakness in the real estate market in Metrowest MA. There was also a substantial increase in the days on the market for the same period in Westboro MA.

These statistics are similar to many of the towns in Metrowest Massachusetts. Most of the surrounding towns experienced a decrease in the average list price and sale price for the January to December time frame. You can see the statistics by clicking on the previous Westboro MA Real Estate market Reports link below. This will take you to an overview of the Real Estate market for all of 2007.

Selling a home in Westboro MA 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 Westboro MA and many other Metrowest communities has changed over the last two and a half years. We are no longer in a seller's market.

 When selling a home in Westboro MA, it pays to have a pro in your corner representing you. Here are some excellent questions  to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!

 

** 85% of all buyers are finding their homes on the Internet. See this must read article on where I advertise on-line. Metrowest MA Homes ~ How to effectively market to the masses on-line. **

 

Click here to see previous Westboro MA Real Estate Market Reports.

Market reports for Hopkinton 

Market reports for Holliston 

Market reports for Milford 

Market reports for Southboro 

Market reports for Upton 

Market reports for Ashland 

 

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The above Westboro Real Estate market report was provided by Bill Gassett, the team leader for the #2 RE/MAXRE/MAX Executive Realty logo Team in Massachusetts in 2006. 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 Westboro MA and other Metrowest towns for the last 21+ Years. Bill's office is conveniently located in the center of Hopkinton MA at 77 Main Street. RE/MAX Executive Realty also has offices in Upton, and Grafton to service home sales in Westboro MA.

I have a passion for Real Estate and love to share my marketing expertise! I would welcome the opportunity to earn your business.

For Massachusetts and Westboro MA Real Estate and homes see Westboro 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, Hopedale, Medway, Grafton, Northbridge, Uxbridge, and Framingham MA.

Click here to view Bill Gassett's Real Estate profile.

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Bill Gassett is a thirty-two year veteran to the real estate industry. He enjoys providing helpful information to buyers, sellers and fellow real estate agents to make sound decisions. His work has been featured on RIS Media, National Association of Realtors, Inman News, Placester, RESAAS, Credit Sesame and others.

Comment balloon 2 commentsBill Gassett • February 06 2008 04:16PM

Comments

Bill...Great job providing information on what is going on in the Westboro Real Estate market. Things sure have changed quite a bit in the last couple of years.
Posted by Bob Turner about 11 years ago
Bob I appreciate your feedback. We are certainly facing a lot more challenges now in this current environment. Having a postive attitude everyday helps. It takes a lot more dedication and hardwork. This will be a make or break year for many Realtors. I have been in the business for twenty years so I have been involved with both buyers and sellers markets. Many Realtors have never seen a market like this and don't have a clue on how to perform.
Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) about 11 years ago

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