Massachusetts Real Estate

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Mendon MA Real Estate & Homes ~ Market Report January 2008

                                        Mendon Massachusetts Real Estate Market Report for January 2008 

Mendon MA Real Estate market report

 

 

 

 

 

 

 

In January of 2008 there was 4 homes that closed within the month for Mendon Massachusetts. This is a decrease of 1 unit as there were 5 homes that closed in January of 2007.

The Average list price for the homes that closed in Mendon for January of 2007 was $553,650

The Average list price for the homes that closed in Mendon for January of 2008 was $400,520

The Average sale price for the homes that closed in Mendon for January of 2007 was $503,750

The Average sale price for the homes that closed in Mendon for January of 2008 was $388,300

The Average Market time for the homes that closed in Mendon in January of 2007 was 189.

The Average Market time for the homes that closed in Mendon January of 2008 was 175 days.

 

1 homes went under agreement in Mendon MA in the month of January. The average list price of the homes that went under agreement was $1,250.000 The average time on the market for this Mendon home was 415 days.

 

                                    

** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Mendon MA.

These are statistics for one month and should not construed to be statistical indicators for the whole year. See previous Mendon MA market reports below for a more accurate picture.

In comparing year over year longer term data for Mendon MA, the average list price and sale price both went up year over year from January to December of 2007. This can be attributed to more upper end homes selling in Mendon MA than the previous year. There was, however, a substantial increase in the days on the market for the same period in Mendon MA. You can see the statistics by clicking on the previous Mendon MA Real Estate market Reports link below. This will take you to an overview of the Real Estate market for all of 2007.

These statistics are contrary to many of the towns in Metrowest MA. Most of the surrounding towns experienced a decrease in the average list price and sale price for the January to December time frame. 

Selling a home in Mendon 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 Mendon 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 Mendon 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 for previous months Real Estate Market reports for Mendon MA

 

Markets report for Hopkinton 

Market reports for Holliston 

Market reports for Milford 

Market reports for Southboro 

Market reports for Upton 

Market reports for Ashland 

Market reports for Hopedale

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The above Mendon MA Real Estate Market report was provided by Bill Gassett, the team leader for the #2 RE/MAX Executive Realty logoRE/MAX 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 Mendon 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, Holliston, and Grafton to service home sales in Mendon 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 Mendon MA Real Estate and homes see Mendon 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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Comment balloon 4 commentsBill Gassett • February 07 2008 04:45PM

Comments

excellent market analysis. Thanks for staying on top of your local market. It makes us all look good!
Posted by Sean Carroll, Real Estate Speaker and "Expert" Coach (The Get Off Your A$$ Academy) almost 10 years ago
Team Carrol - Thanks very much...I appreciate it. I try to provide meaningful information for consumers and clients who may be reading my blog in Metrowest MA. The market reports give a nice snap shot of what is going on.
Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) almost 10 years ago
Great market report. Hope the market improves for all of us.
Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) almost 10 years ago
Gita - Thanks...I appreciate the compliment. Agreed..actitivty here is starting to pick up. Hopefully it is a trend that will continue.
Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) almost 10 years ago

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