First-time buyers continued to act on the excellent values in Maynard during March and April and single-family homes listed for less than 300K are selling quickly.
Although activity is not yet reflected in closed sales data, there are substantially fewer single family homes for sale than last year at this time - only 35 compared with 67. Of the 35, 7 have accepted offers and are waiting for contingencies to clear. And, there are also 16 single family homes with sales pending - that may not sound like a high number, but given that there have only been 13 closed for all of 2009 so far, it is impressive.
The condo/townhouse market is also starting to move. Again, there are some good values, but fewer on the market - 14 compared with 38 at this time last year. Prices range from the 170s for apartment-style condos; $225,000 to $298,900 for townhouse re-sales at desirable Deer Hedge Run, Oak Ridge, and Apple Ridge, where there are only 4 available compared with 13 last April; and new construction townhomes starting at $329,000. There have been 7 closed sales so far in 2009 compared with 5 for the same period in 2008.
Those who waited may buy for a lower price, but they may have missed out on some good choices as there are only 34 single-family homes, including the eight that already have accepted offers, compared with 59 for sale at this time last year; a lot of sellers are still holding off going on the market. Less supply will eventually will eventually put upward pressure on price. If you're interested in becoming a home-owner in Maynard, be prepared to step-up or you may miss out!
To find out what homes are available in Maynard and the nearby towns west of Boston, visit www.marilynmessenger.com your on-line source for real estate listings, news, information, and market conditions for Maynard, Sudbury, Wayland, Stow, and Weston or call Marilyn Messenger at 508-596-3501 for personal real estate services.
*Data Source - MLSPIN (Multiple Listing Service Property Information Network.)
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