Mendon Massachusetts Real Estate Market Report for November 2008
In November of 2008 there were 3 homes that closed within the month for Mendon Massachusetts. This is an increase of 1 units as there were 2 homes that closed in November of 2007.
The Average list price for the homes that closed in Mendon for November of 2007 was $399,450
The Average list price for the homes that closed in Mendon for November of 2008 was $476,333
The Average sale price for the homes that closed in Mendon for November of 2007 was $382,000
The Average sale price for the homes that closed in Mendon for November of 2008 was $471,667
The Average Market time for the homes that closed in Mendon in November of 2007 was 171 days.
The Average Market time for the homes that closed in Mendon November of 2008 was 112 days.
2 homes went under agreement in Mendon Massachusetts in the month of November. The average list price of the homes that went under agreement was $299,900. The average time on the market was 149 days.
January - November Market Statistics for Mendon Massachusetts
In Mendon MA for the period of January to November of 2007 there were 39 properties sold.
In Mendon MA for the period of January to November 2008 there were 34 properties sold.
In Mendon MA for the period of January to November in 2007 the average list price was $486,148 the average sale price was $469,187 and the average market time was 154 days.
In Mendon MA for the period of January to November in 2008 the average list price was $432,274 the average sale price was $420,241 and the average time on the market was 219 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 Massachusetts through November there have been a similiar amount of homes sold as the previous year. The average sale price decreased and the average days on the market increased year over year in Mendon.
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.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Mendon Massachusetts.
When selling a home in Mendon Massachusetts, 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 months Real Estate Market reports for Mendon MA
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 Mendon 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 Mendon 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. 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 Mendon 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, Douglas, and Framingham MA.
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Bill- There is no doubt in my mind that sellers appreciate the amount of work that you put into your market reports. The real key to successful selling in a buyers market starts with hiring a Realtor that truly understand the Massachusetts Real Estate Market. My Friend that is you! If you are thinking about buying or selling be confident in the professionalism and expertise Bill provides.