Hopkinton Massachusetts Real Estate Market Report November 2008
In November of 2008 there were 8 homes that closed within the month for Hopkinton Massachusetts. This is a decrease of 1 units as there were 9 homes that closed in November of 2007.
The Average list price for the homes that closed in Hopkinton for November of 2007 was $640,222
The Average list price for the homes that closed in Hopkinton for November of 2008 was $685,425
The Average sale price for the homes that closed in Hopkinton for November of 2007 was $602,944
The Average sale price for the homes that closed in Hopkinton for November of 2008 was $667,615
The Average Market time for the homes that closed in Hopkinton in November of 2007 was 208 days.
The Average Market time for the homes that closed in Hopkinton November of 2008 was 136 days.
4 homes went under agreement in Hopkinton Massachusetts in the month of November. The average list price of the homes that went under agreement was $608,425. The average time on the market for these Hopkinton homes were 59 days.
January - November Market Statistics for Hopkinton MA
In Hopkinton MA for the period of January to November of 2007 there were 173 properties sold.
In Hopkinton MA for the period of January to November 2008 there were 120 properties sold.
In Hopkinton MA for the period of January to November in 2007 the average list price was $635,881 the average sale price was $613,553 and the average market time was 139 days.
In Hopkinton MA for the period of January to November in 2008 the average list price was $620,879 the average sale price was $597,108 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.
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Bill, it seems like you do a lot of work for these reports. Is it time consuming are do you use a template. I sure do and the mls here just loads her right up. I stopped by to see if yours was any different and glad I did.