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Sudbury MA Real Estate Market - October Sales and Prices Up!

By
Real Estate Agent with Andrew Mitchell & Company

Welcome to the Sudbury MA real estate market conditions report for November 2010. Town Hall Sudbury MA 01776

Overall there are 133 single family homes for sale in Sudbury; there were 109 last year at this time. The price range with the largest increase of homes available is $500,000 to $599,999 - there are 14 compared with one year ago. The range with the highest number homes for sale continues to be the $1 million to $1,500,000 - there are 24 luxury homes in this price range; last year there were 25 - lots of good opportunities for luxury home buyers in Sudbury.

Recent activity shows there are 17 properties with accepted offers that are still considered "active" listings and are being shown for backup offers until contingencies are met. There are 12 with sales pending; last month at this time there were 20 sales pending.

Current list prices for single family homes range from $169,000 to $4,500,000; the median price is $849,900; last year at this time it was $890,000. The average list price is $981,383 compared with $1,130,465. The average time on the market is 180 days down from 214 days last year. As with inventory, time on the market varies by price range.

Sudbury Center - Perfect fall day in Sudbury!Unlike many towns in the area, Sudbury was a busy month for closed home sales. There were 26 single family homes sold; double the number in October 2009! And, both median and average sale prices were up substantially. The October 2010 median sale price was $625,000; the average was $794,885. The October 2009 median was $467,000; the average was $528,008. The million dollar plus home market also improved substantially also - there were 6 closed sales during October 2010; there were none during October 2009.

Year to date, as of October 31, there have been 155 single family homes sold in Sudbury; up from 133 for the same period in 2009. Median and average prices were also higher. The 2010 median was $639,000; the average was $715,531.

Looking for easy living? There are currently 25 luxury townhouses for sale in Sudbury. Most are new construction and age restricted/adult only communities however there is some new construction that are not age restricted. Also, there are a couple of resale townhouses available.

Interest rates are the lowest in decades, so it's a great time for buyers and sellers to make a move. To get market information for any other town ask a question or contact Marilyn for personal assistance.

Data Source: MLSPIN

Click here for complete MLS listings

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