Mendon Massachusetts Real Estate Market for August 2007 

In August of 2007 there were 5 homes that closed within the month for Mendon MA. This is an increase of 1 units as there were 4 homes that closed in August of 2006.

The Average list price for the homes that closed in Mendon for August of 2007 was $471,900

The Average list price for the homes that closed in Mendon for August of 2006 was $432,300

The Average sale price for the homes that closed in Mendon for August of 2007 was $444,800

The Average sale price for the homes that closed in Mendon for August of 2006 was $424,975

The Average Market time for the homes that closed in Mendon in August of 2007 was 50.

The Average Market time for the homes that closed in Mendon August of 2006 was 84 days.

Two homes went under agreement in Mendon MA in the month of August. The average list price of the homes that went under agreement was $372,400. The average time on the market for these Mendon homes were 190 days.

                                    January - August Market Statistics for Mendon MA

In Mendon MA for the period of January to August of 2007 there were 29 properties sold.

In Mendon MA for the period of January to August 2006 there were 30 properties sold.

In Mendon MA for the period of January to August in 2007 the average list price was $498,658 the average sale price was $480,703 and the average market time was 172 days.

In Mendon MA for the period of January to August in 2006 the average list price was $439,552 the average sale price was $427,000 and the average time on the market was 144 days.

** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Mendon MA.

In comparing year over year longer term data for Mendon MA, the average list price and sale price both went up year over year from January to August. This can be attributed to more upper end homes selling in Mendon MA than the previous year. There was, however, a substantial increase in the days on the market for the same period in Mendon MA.

These statistics are contrary to many of the towns in Metrowest MA. Most of the surrounding towns experienced a decrease in the average list price and sale price for the January to August time frame. 

Selling a home in Mendon MA 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 Mendon MA and many other Metrowest communities has changed over the last two and a half years. We are no longer in a seller's market.

 When selling a home in Mendon MA, it pays to have a pro in your corner representing you. Here are some excellent questions  to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!

** 85% of all buyers are finding their homes on the Internet. See this must read article on where I advertise on-line. Metrowest MA Homes ~ How to effectively market to the masses on-line. **

Markets report for Hopkinton 

Market reports for Holliston 

Market reports for Milford 

Market reports for Southboro 

Market reports for Upton 

Market reports for Ashland 

Market reports for Hopedale

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The above information was provided by Bill Gassett, the team leader for the #2 RE/MAX Team in Massachusetts in 2006. 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 Mendon MA and other Metrowest towns for the last 21+ Years. Bill's office is conveniently located in the center of Hopkinton MA at 77 Main Street. RE/MAX Executive Realty also has offices in Upton, Holliston, and Grafton to service home sales in Mendon MA.

I have a passion for Real Estate and love to share my marketing expertise! I would welcome the opportunity to earn your business.

For Massachusetts and Mendon MA Real Estate and homes see Sell My Home in Metrowest MA Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.

I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, and Framingham MA.

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