In February of 2008 there was 5 homes that closed within the month for Northbridge Massachusetts. This is a decrease of 2 units as there were 7 homes that closed in February of 2007.
The Average list price for the homes that closed in Northbridge for February of 2007 was $413,500
The Average list price for the homes that closed in Northbridge for February of 2008 was $259,700
The Average sale price for the homes that closed in Northbridge for February of 2007 was $392,286
The Average sale price for the homes that closed in Northbridge for February of 2008 was $2250,480
The Average Market time for the homes that closed in Northbridge in February of 2007 was 252 days.
The Average Market time for the homes that closed in Northbridge February of 2008 was 198 days.
6 homes went under agreement in Northbridge MA in the month of February. The average list price of the homes that went under agreement was $281,083 The average time on the market for these Northbridge MA homes was 203 days.
These are statistics for one month and should not construed to be statistical indicators for the whole year. See previous Northbridge MA Real Estate market reports below for a more accurate picture.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Northbridge MA.
In comparing year over year longer term data for Northbridge MA, the average list price and sale price both went down year over year from January to December in 2007. This can be attributed to the on going weakness in the real estate market in Metrowest MA. There was also a substantial increase in the days on the market for the same period in Northbridge MA. The number of homes sold, however, in the January to December time period is the same as the previous year which is excellent. Most surrounding towns do not show the same number of sales year over year. Most towns have far less sales. You can see the statistics by clicking on the previous Northbridge MA Real Estate market Reports link below. This will take you to an overview of the Real Estate market for all of 2007.
These statistics are similar 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 December time frame.
Selling a home in Northbridge 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 Northbridge 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 Northbridge 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. **
Click here for previous Northbridge MA Real Estate Market Reports.
The above Northbridge MA Real Estate Market report 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 email@example.com or by phone at 508-435-5356. Bill has helped people move in and out of Northbridge 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, and Grafton to service home sales in Northbridge 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 Northbridge MA Real Estate and homes see Northbridge MA Real Estate 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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Building lasting relationships by helping people move in and out of Metrowest MA for the last 22 years.