Northbridge Massachusetts Real Estate Market Report for July 2008
In July of 2008 there was 8 homes that closed within the month for Northbridge Massachusetts. This is a decrease of 1 units as there were 9 homes that closed in July of 2007.
The Average list price for the homes that closed in Northbridge for July of 2007 was $340,256
The Average list price for the homes that closed in Northbridge for July of 2008 was $390,400
The Average sale price for the homes that closed in Northbridge for July of 2007 was $333,877
The Average sale price for the homes that closed in Northbridge for July of 2008 was $384,113
The Average Market time for the homes that closed in Northbridge in July of 2007 was 76 days.
The Average Market time for the homes that closed in Northbridge July of 2008 was 205 days.
6 homes went under agreement in Northbridge Masssachusetts in the month of July. The average list price of the homes that went under agreement was $233,100. The average time on the market for these Northbridge MA homes was 192 days.
January - July Market Statistics for Northbridge Massachusetts
In Northbridge MA for the period of January to July of 2007 there were 78 properties sold.
In Northbridge MA for the period of January to July 2008 there were 47 properties sold.
In Northbridge MA for the period of January to July in 2007 the average list price was $365,504 the average sale price was $354,445 and the average market time was 174 days.
In Northbridge MA for the period of January to July in 2008 the average list price was $323,085 the average sale price was $313,370 and the average time on the market was 189 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Northbridge Massachusetts.
In comparing year over year longer term data for Northbridge MA, the average list price and sale price both went down year over year from January to July. This can be attributed to the on going weakness in the real estate market. The average days on the market for the same period in Northbridge MA was very similiar . The number of homes sold in the January to July time period is down substantially from the previous year.
These statistics are similar to many of the towns in Metrowest MA. Most of the surrounding towns experienced a decrease in the average list price and sale price as well as the number of homes sold for the January to July time frame.
Selling a home in Northbridge 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 Northbridge and many other Metrowest communities has changed over the last three and a half years. We are no longer in a seller's market. When selling a home in Northbridge Massachusetts, it pays to have a pro in your corner representing you.
When selling a home in Northbridge 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. **
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The above Northbridge MA Real Estate Market report was provided by Bill Gassett, the team leader for the
#4 RE/MAX Team in Massachusetts in 2007. 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 Northbridge MA and other Metrowest towns for the last 22+ 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 Northbridge 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 Northbridge MA Real Estate and homes see Northbridge 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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Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 22 years.
You always do an outstanding job on your market reports!
your friend in Charlottesville!
Charles thanks for your compliments on my Northbridge Real Estate market report.
Hey, just came across your blog post , your post is very informative, I would definitely be back to your blog, thank you very much for such great information!
AML - Thanks for the compliment on my Northbridge Massachusetts Real Estate market report.
AML - Thanks for the compliment on my Northbridge Massachusetts Real Estate market report.
AML - Thanks for the compliment on my Northbridge Massachusetts Real Estate market report.
Thank you for all the tips. It is such a great article. Had fun reading it. If you are looking for a quality logo for your real estate company please check out at www.real-estate-internet-marketing.org. They were able to bring out what I was looking for when I wanted a logo done for my company, efficiently.
Bertchta - Thanks for commenting on my Northbridge Massachusetts Real Estate report.
Buyers here in Princeville are still out there but very few . . . . Nevertheles, hope springs eternal and we expect a healthy resurgence of sales by Decemeber with prices dropping steadily. Many Buyers are simply on the fence watching the market. How is it in your Neck of the woods ? Thanks Much . . Aloha, James Pycha REMAX Kauai
James - The market here in Northbridge and surrounding areas has been going through a correction since the Spring of 2005. The market has not bottomed yet and is hard to predict when it will.