Hopkinton Massachusetts Real Estate Market Report October 2008

In October of 2008 there were 10 homes that closed within the month for Hopkinton Massachusetts. This is a decrease of 1 units as there were 11 homes that closed in October of 2007.

The Average list price for the homes that closed in Hopkinton for October of 2007 was $524,591

The Average list price for the homes that closed in Hopkinton for October of 2008 was $885,638

The Average sale price for the homes that closed in Hopkinton for October of 2007 was $507,382

The Average sale price for the homes that closed in Hopkinton for October of 2008 was $835,990

The Average Market time for the homes that closed in Hopkinton in October of 2007 was 154 days.

The Average Market time for the homes that closed in Hopkinton October of 2008 was 119 days.

5 homes went under agreement in Hopkinton Massachusetts in the month of October. The average list price of the homes that went under agreement was $596,920. The average time on the market for these Hopkinton homes were 126 days.

                                    January - October Market Statistics for Hopkinton MA

In Hopkinton MA for the period of January to October of 2007 there were 164 properties sold.

In Hopkinton MA for the period of January to October 2008 there were 112 properties sold.

In Hopkinton MA for the period of January to October in 2007 the average list price was $635,643 the average sale price was $614,114 and the average market time was 136 days.

In Hopkinton MA for the period of January to October in 2008 the average list price was $616,269 the average sale price was $592,072 and the average time on the market was 134 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, it appears that there is still a downward trend in the average sale price for homes.  The average days on the market has remained fairly stable for the same period in Hopkinton Massachusetts. The amount of sales is down quite a bit year over year.

These statistics are similar to many of the towns in Metrowest MA and represent the on going weakness in the market as compared to previous years. What must be stressed, however, is that these home figures still represent a healthy amount of sales.

Click here for previous Hopkinton MA Real Estate  market reports.

Market reports for Holliston 

Market Reports for Mendon

Market reports for Hopedale

Market reports for Milford 

Market reports for Southboro 

Market reports for Upton 

Market reports for Ashland 

Market Reports for Westboro

Selling a home in Hopkinton 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 Hopkinton and many other Metrowest communities has changed over the last three and a half 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 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. **

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The above Hopkinton Massachusetts Real Estate Market report was provided by Bill Gassett, the team leader for the #4 RE/MAX Team in Massachusetts in 2007. 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 Hopkinton MA and other Metrowest towns for the last 22+ Years. Bill's office is conveniently located in the center of Hopkinton MA at 77 Main Street.

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 Hopkinton MA Real Estate and homes see Hopkinton 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.

Click here to view Bill Gassett's Real Estate profile.

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