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Hopkinton Real Estate Market Report April 2009

Hopkinton Massachusetts Real Estate Market Report April 2009

Hopkinton Mass Real Estate market report

In April of 2009 there were 15 homes that closed within the month for Hopkinton Massachusetts. This is an increase of 4 units as there were 11 homes that closed in April of 2008.

The Average list price for the homes that closed in Hopkinton for April of 2008 was $561,191

The Average list price for the homes that closed in Hopkinton for April of 2009 was $431,685

The Average sale price for the homes that closed in Hopkinton for April of 2008 was $536,105

The Average sale price for the homes that closed in Hopkinton for April of 2009 was $421,033

The Average Market time for the homes that closed in Hopkinton in April of 2008 was 145 days.

The Average Market time for the homes that closed in Hopkinton April of 2009 was 135 days.

15 homes went under agreement in Hopkinton Massachusetts in the month of April. The average list price of the homes that went under agreement was $563,207. The average time on the market for these Hopkinton homes were 112 days.

January - December 2008 Market Statistics for Hopkinton MA

In Hopkinton MA for the period of January to December of 2007 there were 186 properties sold.

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

In Hopkinton MA for the period of January to December in 2007 the average list price was $637,771 the average sale price was $616,089 and the average market time was 144 days.

In Hopkinton MA for the period of January to December in 2008 the average list price was $617,715 the average sale price was $594,511 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. There are some signs that the market is starting to stabilize in Hopkinton and the surrounding area.

Click here for previous Hopkinton MA Real Estate market reports.

Market reports for Holliston

Market Reports for Mendon

Market reports for Hopedale

Market reports for Milford

Market reports for Southboro

Market reports for Upton

Market reports for Ashland

Market Reports for Westboro

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 four 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 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 create an incredible online presence for my clients Metrowest MA Homes ~ How to effectively market to the masses on-line. **

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About the author: The above Hopkinton Massachusetts Real Estate Market report was provided by Bill RE/MAX Executive Realty Hopkinton Mass 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 Hopkinton MA 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 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.

Click here to view Bill Gassett's Real Estate profile.

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Posted by Bill Gassett Metrowest Massachusetts Real Estate on 05/03/2009 03:23 PM

Comments (16)

Hopkinton Real Estate in the Regional (Localism) Channel

hopkinton ma market reports, hopkinton ma real estate, hopkinton ma realtors

Originally posted at: Massachusetts Real Estate: Hopkinton Real Estate Market Report April 2009

This post has been included in Massachusetts Information Middlesex County, MA Information Hopkinton, MA Information
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16 Comments on Hopkinton Real Estate Market Report April 2009

MAY

Bill--Your detailed marketing reports always show why you would be my choice for referrals to Massachusetts!

Bill:

I am trying to get a handle on the over all decline in your market, Hopkinton. It seems to almost 1/3 off the top? That is more than our market in Bergen County although much less than the speculative markets. I guess the light at the end of the tunnel is that volume is picking up some. Maybe it will continue.

Richard

Teri - Thanks for the compliments on my Hopkinton Real Estate report.

Richard - Here in Hopkinton Mass the peak in the Real Estate market was the Spring of 2005. Since then the market has dropped around 25%. There are some signs that the market has started to stabilize. So far the Spring has been very busy!

Hi Bill, I am happy to hear that things are getting very busy for you. I have also been busier. Here's to a great year for everybody!

Bill, another detailed market report. I'm with Teri you would be my choice for referrals also.

Bill, so do you think your market has settled at the proverbial "bottom?" I ditto Teri and Marchel....;-)

Shirley, Marchel & Teri - Thanks for your compliments on my market report and commenting on Hopkinton Real Estate.

Hi Bill, Great report. I did notice that you did not include a sold year to date statistic. That mode for a new trend? Or did I miss that. Looks to be a modest 5% price decline on average, right? I think that is about where we are on average in San Diego. It is looking like we might be coming to the end of the free fall here in the parts of San Diego that have been the hardest hit. We have some areas actually reporting an increase in home values. Of course that is music to our ears.

Hi Bill! As always, excellent report. Your prices are not down like a good portion of the country--at least according to the media! LOL I also noticed that your average sales prices are double what ours are here! That translates into my having to work TWICE as hard for my $$! JK!

Have a great week...

Bill - Great market report. it was easy to see how the price on listing and sales dropped when compared to last year and DOM has improved.

MAY

William - It was pretty astute that you picked up the fact I have not done a running total of year to date sales. I plan of picking that up next month once the 1st quarter was over.

Debe - The market here in Hopkinton and surrounding towns has picked up quite a bit.

Jennifer - Thanks for commenting on Hopkinton Real Estate and for your compliments on my market report.

Hi Bill,

I like the simple layout of the stats report. I think I may "borrow" it. I assume you are putting this on Localism? I had to get the magnifying glass out to see where you got your blackboard graphic from. Forgive me as I am probably going to be a "copy cat"

Bill - As always a very imformative market report. I am glad to see that activity is up in your area. Prices appear to be down as they are all over, but like my area nowhere near the firesale prices that the media has buuers expecting.

MAY

Jenny & Pam - Thanks for commenting on my Hopkinton Real Estate report. I am happy to say that the market activity has changed dramatically. I have been selling my listings at a very good pace!

JUN

I'm going tohave to learn from you and start creating market reports for my own area! :-)

Liz - Glad you found my Hopkinton Real Estate report useful!

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