Hopkinton Massachusetts Real Estate Market Report December 2010
In December of 2010 there were 6 homes that closed within the month for Hopkinton Massachusetts. This is a decrease of 6 units, as there were 12 homes that closed in December of 2009.
The Average list price for the homes that closed in Hopkinton for December of 2009 was $626,092
The Average list price for the homes that closed in Hopkinton for December of 2010 was $226,283
The Average sale price for the homes that closed in Hopkinton for December of 2009 was $616,976
The Average sale price for the homes that closed in Hopkinton for December of 2010 was $198,083
The Average Market time for the homes that closed in Hopkinton in December of 2009 was 67 days.
The Average Market time for the homes that closed in Hopkinton December of 2010 was 89 days.
2 homes went under agreement in Hopkinton Massachusetts in the month of December . The average list price of the homes that went under agreement was $376,950. The average time on the market for these Hopkinton homes were 210 days.
For 2010 there were 140 Real Estate transactions in Hopkinton. In 2009 there were 150 homes Real Estate transactions.
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.
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!
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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 email@example.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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I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Franklin, Framingham, Mendon, Hopedale, Medway, Grafton, Northboro, Shrewsbury, Bellingham, Northbridge, and Uxbridge MA.
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