Westboro Massachusetts Real Estate Market Report for September 2009

Westboro Mass Real Estate market report

 

 

 

 

 

 

 

 

 

In September of 2009 there were 10 homes that closed within the month for Westboro Massachusetts. This is a decrease of 5 units, as there were 15 homes that closed in September of 2008.

The Average list price for the homes that closed in Westboro for September of 2008 was $585,425

The Average list price for the homes that closed in Westboro for September of 2009 was $509,630

The Average sale price for the homes that closed in Westboro for September of 2008 was $569,466

The Average sale price for the homes that closed in Westboro for September of 2009 was $492,450

The Average Market time for the homes that closed in Westboro in September of 2008 was 122 days.

The Average Market time for the homes that closed in Westboro September of 2009 was 156 days.

 

8 homes went under agreement in Westboro Massachusetts in the month of September. The average list price of the homes that went under agreement was $438.663 The average time on the market for these Westboro MA homes were 267 days.

Through September there have been 94 homes sold in Westboro. At this same time last year there were 105 homes sold.

                            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.

There is some evidence to suggest however, that we may be nearing the Real Estate bottom for Westboro and the surrounding area.

 

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 Real Estate interview 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 Westboro MA Real Estate marketing **

Here are some additional Real Estate reports for the other towns surrounding Westborough:

Market reports for Hopkinton

Market reports for Holliston

Market reports for Milford

Market reports for Southboro

Market reports for Upton

Market reports for Ashland

 

Thinking about selling a Westboro Home? Here are couple of Real Estate articles worth reading:

Preparing to sell a Massachusetts home

Massachusetts Home Selling Tips

_________________________________________________________________________________________________________

About the Author: The above Westboro Massachusetts Real Estate market report was provided by Bill RE/MAX Executive Realty Westboro MassGassett, 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 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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8 Comments on Westboro Real Estate Market Report September 2009

OCT
03
145,930 Points 8 Featured Posts Outside Blog

Bill, I still love all of your local reports.  You are the expert in the Westboro Real Estate Market for sure!

7:40am • #1
678,165 Points 145 Featured Posts Localism Sponsor Outside Blog Hit Router

Bill - another well done, informative Westeboro real estate report. Looks like similar trends to what many other communities have been reporting recently. Hard to believe we are once again reporting monthyl stats.

Jeff

9:57am • #2
1 Featured Post Outside Blog

It always amazes me when I see those prices.  This is a great bit of blogging about the local market.  I still have to get there.

10:20am • #3
284,468 Points 4 Featured Posts Localism Sponsor Outside Blog

Hi Wild Bill. Interesting to see what's going on with your market, as always. I've got one more report to do for September but I hate doing it because the numbers aren't pretty. There's not much I can say to make them sound/look good so I feel like I'm putting out negative news ... but, it is what it is.

10:35am • #4
212,120 Points 2 Featured Posts Outside Blog

Hi Bill..Looks like your market is holding up well, now for just a little increase in home buying activity  to end the year ahead of last Year :O)

10:40am • #5
223,018 Points 8 Featured Posts Localism Sponsor Outside Blog

Good job on publishing a clear concise report that is easy to follow and full of good data.

Do you ever look at your reports based on the type of loan?  How about the status of the property; i.e. probate, short sale, reo?

It is a bit more work (I download the entire MLS results to a spreadsheet to work it out)  but when you run those numbers you come up with some really interesting data that helps separate the different aspects of the market - because all of your sales are not average, are they?

10:45am • #6
425,814 Points 47 Featured Posts Outside Blog

Hi John - I know the market is quite different out in California where you are. We do not have anywhere close to the amount of foreclosures and short sales that you guys do. Statistically these figures would not much have that much influence on the Real Estate market in Westboro. If there were an increase in the amount of these type of transactions then it would be more meaningful

12:25pm • #7
103,206 Points

Hello Bill, looks like you have real life in your Westboro market, perhaps slightly slower than last year but still a great place to check into.  Thanks for your report.  John

5:41pm • #8

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Bill Gassett Metrowest Massachusetts Real Estate

Hopkinton, MA

More about me…

RE/MAX Executive Realty

Address: 77 Main Street, Hopkinton, MA, 01748

Office Phone: (508) 435-5356

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Metrowest MA Real Estate - Realtor specializing in home sales in Hopkinton, Milford, Holliston, Ashland, Southboro, Westboro, Upton, Mendon, Hopedale, Grafton, Medway, Northbridge, Franklin, Douglas, Uxbridge and Framingham MA. Includes Real Estate home sellling & buying tips , Homes for sale in and around Metrowest, Metrowest MA Market reports.

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