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Westboro Real Estate Market Report March 2009

Westboro Massachusetts Real Estate Market Report for March 2009

Westboro Real Estate market report

In March of 2009 there were 5 homes that closed within the month for Westboro Massachusetts. This is a decrease of 4 units as there were 9 homes that closed in March of 2008.

The Average list price for the homes that closed in Westboro for March of 2008 was $370,256

The Average list price for the homes that closed in Westboro for March of 2009 was $449,720

The Average sale price for the homes that closed in Westboro for March of 2008 was $356,425

The Average sale price for the homes that closed in Westboro for March of 2009 was $426,858

The Average Market time for the homes that closed in Westboro in March of 2008 was 147 days.

The Average Market time for the homes that closed in Westboro March of 2009 was 126 days.

7 homes went under agreement in Westboro Massachusetts in the month of march. The average list price of the homes that went under agreement was $521,643. The average time on the market for these Westboro MA homes were 127 days.

January - December 2008 Market Statistics for Westboro Massachusetts

In Westboro MA for the period of January to December of 2007 there were 164 properties sold.

In Westboro MA for the period of January to December 2008 there were 130 properties sold.

In Westboro MA for the period of January to December in 2007 the average list price was $511,977 the average sale price was $493,296, and the average market time was 138 days.

In Westboro MA for the period of January to December in 2008 the average list price was $464,290 the average sale price was $444,367 and the average time on the market was 97 days.

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

In comparing year over year longer term data for Westboro Massachusetts, the average list price and sale price both went down year over year from January to December. This can be attributed to the on going weakness in the real estate market in Metrowest MA. There was however a decrease in the days on the market for the same period in Westboro MA. This is indictive of sellers becoming more realistic in pricing their homes properly.

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 for the January to December time frame.

Selling a home in Westboro 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 Westboro 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 Westboro Massachusetts, it pays to have a pro in your corner representing you.

When selling a home in Westboro MA, it pays to have a pro in your corner representing you. Here are some excellent Real Estate 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 where I advertise on-line to give my clients dominant internet exposure at Metrowest MA Homes ~ How to effectively market to the masses on-line. **

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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About the Author: The above Westboro Massachusetts Real Estate market report was provided by Bill RE/MAX Executive Realty Westboro Mass Real Estate Gassett, a Nationally recognized leader in his field. 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 Massachusetts and other Metrowest towns for the last 23+ Years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

For Massachusetts and Westboro MA Real Estate and homes see Westboro Homes For Sale 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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Posted by Bill Gassett Metrowest Massachusetts Real Estate on 04/05/2009 10:37 AM

Comments (11)

Westboro Real Estate in the Regional (Localism) Channel

westboro ma market reports, westboro ma real estate, westboro ma realtors

Originally posted at: Massachusetts Real Estate: Westboro Real Estate Market Report March 2009

This post has been included in Massachusetts Information Worcester County, MA Information Westborough, MA Information
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11 Comments on Westboro Real Estate Market Report March 2009

APR

Bill--Very comprehensive report for the Westboro area! You really know your market1

Hi Bill...Wow seems like your market is very slow, I'm sure it'll change with the Low Mortgage interest rates. We have seen a 50% increase in Sales in Victoria in March just over February this Spring and sales are only down around 10% from last March.

Cheers, thanks for the market YTD update.

Teri - Thanks for your compliments on my Westboro Real Estate report!

Fred - Not really. The market in Westboro Massachusetts and other Metrowest communities has really picked up. I expect that we are going to have a very brisk Spring. There are a lot of 1st time buyers entering the market.

Bill, Your market reports are comprehensive - the work of a realtor who knows his market, Karen

Karen - Thanks. I appreciate your compliments on my Westboro Real Estate report. Doing the report actually helps stay in touch with what is happening with activity in each particular town.

Hi Bill - looks like March 2009 was a more positive one than last year! Hope that continues for you. It's been busier up here in my areas the last few weeks, too, and we're certainly feeling much more positive about the coming months with the level of activity we're now experiencing.

Ann

Bill - I love how informative your reports are. Good to see things trending in the right direction.

Hi Bill,

I viewed your report as very interesting. Your average price in Westboro Massachusetts went up by $70,000 from 2008 to 2009?

From almost everything I've been reading in your Metrowest MA real estate reports for over a year, it seems like your communities have fared much better than others.

Hi Bill! You're Westboro Real Estate Report looks fairly promising--your first group showing that the number of sales are down but, what is selling is appreciating quite nicely! Best of luck for a WONDERFUL Q2, 2009!

APR

Bill- You are so disciplined in writing your market reports. It is so boring to me, maybe I could hire someone to do just the reports for me:)

Ann - The Real Estate activity has certainly picked up quite a bit. I see the Spring being pretty darn good for the Westboro area.

Lynda - What you were looking at was just one months data for the average sales prices of the homes that closed. This can be a bit deceiving as some months higher priced homes end up closing. You really need to look at the year over year data below to get a good picture of what is happening in the market.

Jennifer, Debe, Katerina - Thanks for your comments on my Southboro Real Estate report.

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