Hopkinton Massachusetts Real Estate Market Report August 2008
In August of 2008 there were 22 homes that closed within the month for Hopkinton Massachusetts. This is a decrease of 5 units as there were 27 homes that closed in August of 2007.
The Average list price for the homes that closed in Hopkinton for August of 2007 was $596,340
The Average list price for the homes that closed in Hopkinton for August of 2008 was $563,496
The Average sale price for the homes that closed in Hopkinton for August of 2007 was $575,075
The Average sale price for the homes that closed in Hopkinton for August of 2008 was $544,439
The Average Market time for the homes that closed in Hopkinton in August of 2007 was 143 days.
The Average Market time for the homes that closed in Hopkinton August of 2008 was 77 days.
6 homes went under agreement in Hopkinton Massachusetts in the month of August. The average list price of the homes that went under agreement was $613,750. The average time on the market for these Hopkinton homes were 190 days.
January - August Market Statistics for Hopkinton MA
In Hopkinton MA for the period of January to August of 2007 there were 138 properties sold.
In Hopkinton MA for the period of January to August 2008 there were 97 properties sold.
In Hopkinton MA for the period of January to August in 2007 the average list price was $647,786 the average sale price was $625,208 and the average market time was 138 days.
In Hopkinton MA for the period of January to August in 2008 the average list price was $601,432 the average sale price was $579,342 and the average time on the market was 131 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Hopkinton MA.
In comparing year over year longer term data for Hopkinton Massachusetts, it appears that there is still a downward trend in the average sale price for homes. The average days on the market has remained fairly stable for the same period in Hopkinton Massachusetts. The amount of sales is down quite a bit year over year.
These statistics are similar to many of the towns in Metrowest MA and represent the on going weakness in the market as compared to previous years. What must be stressed, however, is that these home figures still represent a healthy amount of sales.
Click here for previous Hopkinton MA Real Estate market reports.
Selling a home in Hopkinton 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 Hopkinton 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 Hopkinton 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 Hopkinton Massachusetts 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 Hopkinton 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.
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 Hopkinton MA Real Estate and homes see Hopkinton 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.
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Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 22 years
Bill,
On the positive side DOM looks like it is improving could that be due to the 6% - 7% price adjustments from a year ago? Care to venture a SWAG on when this correction is going to end?
Don - Absolutley...as prices of homes have dropped in Hopkinton so have the days on market. I wish I had a crystal ball. I would guess we have a while longer before the market hits bottom.
Bill - These market reports are excellent - very detailed and very informative. What a great tool for home buyers and sellers in your market.
-Al
Bill- You do a great job with your market reports in Hopkinton Real Estate.
Bill, you keep such a good watch on all this activity, and report it so thoroughly. What a wonderful resource and guide for both the sellers and buyers.
Hi Bill,
Great job for anyone interested in Hopkinton real estate. Your average price of pendings looks pretty healthy.
Al - Thanks for the compliment on my Hopkinton Reports. I try to make them as detailed as possible.
Katerina- Thanks I appreciate it.
Mara - Thanks for commenting on my Hopkinton Real Estate report.
Lynda- Hopkinton is one of the stronger towns in my area.
Bill - Your market reports are OUTSTANDING... what a resource for your area!