Hopkinton Massachusetts Real Estate Market Report August 2010
In August of 2010 there were 15 homes that closed within the month for Hopkinton Massachusetts. This is an decrease of 14 units, as there were 29 homes that closed in August of 2009.
The Average list price for the homes that closed in Hopkinton for August of 2009 was $572,775
The Average list price for the homes that closed in Hopkinton for August of 2010 was $638,593
The Average sale price for the homes that closed in Hopkinton for August of 2009 was $555,020
The Average sale price for the homes that closed in Hopkinton for August of 2010 was $619,207
The Average Market time for the homes that closed in Hopkinton in August of 2009 was 118 days.
The Average Market time for the homes that closed in Hopkinton August of 2010 was 58 days.
6 homes went under agreement in Hopkinton Massachusetts in the month of August . The average list price of the homes that went under agreement was $547,417. The average time on the market for these Hopkinton homes were 41 days.
Through August there are 96 homes that have sold in Hopkinton. In 2009 there were 108 homes sold through August.
January - December 2008 & 2009 Market Statistics for Hopkinton Massachusetts
In Hopkinton MA for the period of January to December of 2008 there were 130 properties sold.
In Hopkinton MA for the period of January to December 2009 there were 150 properties sold.
In Hopkinton MA for the period of January to December in 2008 the average list price was $617,750 the average sale price was $594,511 and the average market time was 131 days.
In Hopkinton MA for the period of January to December in 2009 the average list price was $528,945 the average sale price was $511,107 and the average time on the market was 114 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, there was still a downward movement in home values as compared to previous years. The rate at which home values are dropping seems to have stabilized quite a bit, especially in the lower price points of the market. The average days on the market for a home has dropped and inventory levels remained stable throughout the year.
There was an increase of 20 sales in Hopkinton in 2009 v.s 2008!
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 dependent 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 five 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 Real Estate interview questions to ask when interviewing a Realtor, that will help you determine if you are hiring a top producer or not!
** 90% 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 at Hopkinton Real Estate marketing. **
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About the author: The above Hopkinton Massachusetts Real Estate Market report was provided by Bill 
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 24+ Years.
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Hi Bill ~ It looks like things may not be as "dead" as reported. I am hearing there still is some activity out there. Let's hope this turns into a trend.