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Mendon Real Estate Market Report January 2009

Mendon Massachusetts Real Estate Market Report for January 2009

Mendon Real Estate market report

In January of 2009 there were 1 homes that closed within the month for Mendon Massachusetts. This is an increase of 1 units as there were 0 homes that closed in January of 2008.

The Average list price for the homes that closed in Mendon for January of 2008 was $-

The Average list price for the homes that closed in Mendon for January of 2009 was $298,000

The Average sale price for the homes that closed in Mendon for January of 2008 was $-

The Average sale price for the homes that closed in Mendon for January of 2009 was $294,000

The Average Market time for the homes that closed in Mendon in January of 2008 was - days.

The Average Market time for the homes that closed in Mendon January of 2009 was 156 days.

2 homes went under agreement in Mendon Massachusetts in the month of January. The average list price of the homes that went under agreement was $320,900. The average time on the market was 156 days.

January - December 2008 Market Statistics for Mendon Massachusetts

In Mendon MA for the period of January to December of 2007 there were 43 properties sold.

In Mendon MA for the period of January to December 2008 there were 36 properties sold.

In Mendon MA for the period of January to December in 2007 the average list price was $492,428 the average sale price was $472,402 and the average market time was 157 days.

In Mendon MA for the period of January to December in 2008 the average list price was $424,920 the average sale price was $411,838 and the average time on the market was 215 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 December there have been a decrease in the 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 Real Estate 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 where I advertise on-line to give my clients a dominant internet presence at 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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About the author: The above Mendon Massachusetts Real Estate Market report was provided by Bill RE/MAX Executive Realty Mendon Mass Gassett, a Nationally recognized leader in his field. 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 23+ Years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

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.

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

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Posted by Bill Gassett Metrowest Massachusetts Real Estate on 02/08/2009 08:19 PM

Comments (12)

Mendon Real Estate in the Regional (Localism) Channel

mendon ma market reports, mendon ma real estate, mendon ma realtors

Originally posted at: Massachusetts Real Estate: Mendon Real Estate Market Report January 2009

This post has been included in Massachusetts Information Worcester County, MA Information Mendon, MA Information
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12 Comments on Mendon Real Estate Market Report January 2009

FEB

Your days on market is under six months, which isn't too bad though it can seem like a long time. Are homes that are priced aggressively moving any better?

Bill,

Do you produce and publish these market reports monthly or annually? I love your posts and your ideas. If you don't mind to share I would appreciate it. By the way, thanks for commenting on my post yesterday. I feel honored to have you read my stuff!

FEB

Hi Bill-These reports that you are doing are great. Folks interested in buying will have this info right there for them, :-)

great info as always Bill - I am sure your clients love the info each month

Bill, I agree with the others. Your reports are great and I am sure consumers look for them.

Excellent and consistently delivered reports for the consumers, Bill. I find looking at the dramatic price drops in a year's time pretty incredible. Even though thay've been dropping everywhere, it makes a different impact to read the actual data.

great - I have to schedule consistant reports also, but i get busy and forget

carolina forest

Christine - The homes that are priced well are always the ones that sell. Most of the tim if the home is priced where it should be it will sell in under 90 days.

Cindy - I do my Mendon market report every month. I cover about 12 towns in my area of Metrowest Mass.

Randall & Gita - Thanks for the compliments on my Mendon Real Estate report!

Mara - There is no doubt the markets have changed over the last 4 years. Homes that are priced properly are still moving. It is a great time to move up in the market.

Bll - well folks in the Mendon real estate market should have no question in their mind as to who the local expert is. Seems like similar trends with regard to prices, inventory and sales as we are seeing in many areas at the moment.

Jeff

These numbers look very familiar to what the market is doing nationally. It would be fantastic if more agents took the time to report market statistics for the consumer to see. Clearly spelled out in their town is a reality check for what the market is doing. Detailing exactly what makes up the numbers, single family homes..., leaves no room for guesswork.

A little observation - at the very beginning, you talk about December 2008 versus December 2009 and the numbers are all in the December 2009 line ;)

Have a fantastic day.

Jeff - With 23 years invested in covering Mendon and other Metrowest towns it doesn't hurt. There are many Realtors who have never even seen a down market before and don't know how to function.

Catherine - The thing about report the data is that you become very familar with howeach town is doing. It is like educating yourself. Thanks for commenting on my Mendon Real Estate report.

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