Maynard MA Real Estate Market - 2009 Sales Up 41.6% over 2008!

2009 has been a busy year for single-family home sales in
Maynard MA. As of 11/19/09, there were 63 closed sales -
a 41.6% increase over the same period in 2008 and the average time on the market was significantly lower - only 89 days compared with 147 the previous year; however, at $280,000 the median sale price was 8.9% lower; the average sale price was $288,572.

The number of homes available in Maynard remains pretty flat only 34 single family homes; last year at this time there were 36; 6 of the 34 on the market already have accepted offers with contingencies waiting to clear; the average list price for these homes is $306,283.

Additionally, there are 8 single family homes with sales pending. The average list price for homes with sales pending is $324,175. Pending sales will close in the next month or two.

Year to date 2009 condominium/townhouse sales were also stronger in Maynard, up by 33%, there 18 closed sales compared with 12 for the same period in 2008. Like single family homes, sale prices were also lower: the median was $230,000, the average was 236,811; in 2008 the median was $275,500 and the average was $282,875.

There are 21 condos/townhouses available in Maynard; last year at this time there were 29. Prices range from $161,900 for apartment-style condos. Townhouse re-sales at desirable Deer Hedge Run range from $240,000 to $284,900; Oak Ridge and Apple Ridge have similar prices. New construction townhomes starting at $279,000 for age restricted units and $329,000 for non-restricted townhouses with first floor master bedrooms and garages. Overall, condominium prices have dropped in Maynard so there are some great opportunities available.

Interest rates have recently gone down again and Maynard home prices are some of the most affordable in the area. To find out what homes are available in Maynard and the nearby towns west of Boston, visit www.marilynmessenger.com your on-line source for real estate listings, news and information or call Marilyn Messenger at 508-596-3501 for personal real estate services.

*Data Source - MLSPIN (Multiple Listing Service Property Information Network.)