Sudbury MA Real Estate - Market Conditions Vary By Price Range

Here's what's going on in Sudbury MA. There were six closed sales in Sudbury during February; exactly the same number as in February 2008. The median sale price was $355,750; the average was $376,750 - both higher than last year, but prices that most people find surprising for Sudbury where there are so many higher priced homes for sale. Obviously, some first-time buyers saw some good opportunities to get into Sudbury and went for it!

Year to date, the number of closed sales are down from the same period in 2008 - 18 compared with 23; the median sale price was higher - $560,0000 up from $512,450; the average sale price was lower - $575,878 down from $655,612. Activity is getting stronger - there are 12 single-family homes with offers accepted, and 8 with sales pending.

Including the 12 homes with accepted offers, there are 111 single-family homes for sale; last year at this time there were 106. The median list price is $929,000; the average is $1,172,789; both up approximately 100K from last year.

The price ranges that have increased inventory are compared with last year at this time are: $400K to 499,900 - 8 on the market up from just 3; 1 million to $1,499,900 - 23 up from 15; and there are nine homes listed between 2 million and 2,499,900; last year there were no homes for sale in that range.

Inventory in most other prices ranges has decreased. There are only 6 homes for sale between $600,000 and $699,999 down from 12 one year ago. Between 800k and $899,999 there are 3 compared with 13 last year. While sellers may not be able to net as much as they would like to, the market is less favorable toward buyers in these price ranges than it has been recently.

Visit www.MarilynMessenger.com for the latest local market condition reports for Sudbury, Wayland, Weston, Maynard and Stow MA, complete MLS home search, news and information to help you plan your next move. Market information for any other town e-mail marilynmessenger@realtor.com

Data source: MLSPIN (Multiple Listing Service Property Information Network.)