Holland Massachusetts 2009 Real Estate Report
Do you own property in Holland, MA? Or are you thinking of purchasing a home in Holland, MA? This report will give you insight into the activity in Holland's real estate market in 2009.
Holland MA Single Family Home Sales 2009
In 2009, 32 single family homes were sold, with an average price of $171,033. Average time on the market was 223 days.
In 2008, 35 single family homes were sold, with an average price of $184,050. Average time on the market was 125 days.
So, the number of homes sold in 2009 remained relatively flat compared to 2008. The average sale price was $13,000 lower in 2009, about 7.5% difference.
Those are the general numbers. Does this mean that home values in Holland, MA, dropped 7.5% in 2009? Not necessarily. In 2008, two homes sold in the price range of $350,000 to $399,999. In 2009, the home with the highest sale price was $325,000. What did sell in 2009 were homes priced between $100,000 and $299,999.
A market recovery always starts at the bottom of the market. As we see more of the lower priced homes getting snatched up by buyers and investors, we should also see higher priced homes start to sell. Of course, there are other economic factors to consider: mortgage loan rates, tax incentives, and the overall motivational level of home sellers. Plus, in Holland, there is the access to water that factors into the homes that sell.
What's Happening in the Market Right Now
There are currently 25 single family homes on the market in Holland, MA, as of today (March 1, 2010). The average list price is $196,844.
Since the start of 2010, five homes have been sold or gone under contract. The average list price of these homes is $243,760. With 25 homes currently on the market in Holland, there is about 10 months' worth of inventory - still a buyer's market.
If you have a home to sell in Holland, MA, please call me for a confidential evaluation to find out where your home fits in today's real estate market. And if you are looking for a home in Holland, I can help you find the best buys.
Why don't you pick up your phone and call me today? (508) 982-0686 is the number to dial.
Yours in real estate,