Southboro Massachusetts Real Estate Market Report for October 2010
In October of 2010 there were 8 homes that closed within the month for Southboro Massachusetts. This is the same amount of 8 units, as there was 8 homes that closed in October of 2009.
The Average list price for the homes that closed in October of 2009 was $475,338
The Average list price for the homes that closed in October of 2010 was $778,338
The Average sale price for the homes that closed in October of 2009 was $461,988
The Average sale price for the homes that closed in October of 2010 was $728,156
The Average Market time for the homes that closed in October of 2009 was 281 days.
The Average Market time for the homes that closed in October of 2010 was 161 days.
7 homes went under agreement in Southboro MA in the month of October. The average list price of the homes that went under agreement was 1,174,257. The average time on the market for these Southboro homes were 250 days.
Through October there have been 68 sales in Southboro. At this same point in time last year there was 63 sales.
January - December 2008 & 2009 Market Statistics for Southboro Massachusetts
In Southboro MA for the period of January to December 2008 there were 81 properties sold.
In Southboro MA for the period of January to December 2009 there were 66 properties sold.
In Southboro MA for the period of January to December in 2008 the average list price was $617,489 the average sale price was $585,159 and the average market time was 141 days.
In Southboro MA for the period of January to December in 2009 the average list price was $493,542 the average sale price was $472,630 and the average time on the market was 165 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Southboro MA.
While the average sale price in Southboro did drop quite substantially year over year a large part of the reason for this is due to the fact that there were far fewer upper end sales. The middle and lower end of the market in Southboro faired quite well with a stabilization in value. The upper end has remained weak and is more than likely not at the market bottom yet.
The average days on market went up in Southboro from 2008 again due to the fact the upper end of the market remained weak. There were quite a few more sales in 2009 as compared to 2008.
Click here for previous Southboro Real Estate Market Reports.
Selling a home in Southboro 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 Southboro 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 Southboro Massachusetts, it pays to have a pro in your corner representing you.
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We are no longer in a seller's market. When selling a home in Southboro 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!
About the author: The above Southboro Massachusetts Real Estate report was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at firstname.lastname@example.org or by phone at 508-435-5356. Bill has helped people move in and out of Southboro MA and other Metrowest towns for the last 24+ Years.
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