Maynard Real Estate - Sales Up Prices Down in May!

By
Real Estate Agent with Andrew Mitchell & Company

Single family homes: There are currently 55 single
family homes for sale inMaynard Real Estate - Home Sales May 2012 Maynard; down from 58 a year ago.  List prices range from $79,900 to
$469,900. The median list price is $289,900; the average is $283,105. Last year at this time the median was $299,450 and the average was $302,299.

Of the 55 homes for sale, 10 properties already have accepted offers and are being kept active until contingencies are cleared. Additionally, 13 single family properties went pending in May, 13 went pending in May 2011. The median list price for sales pending is $309,900; last year it was $279,900. These sales will close in the next month or two and we will know the sale prices when they close.

Closed Sales May: The good news is that there were 8 closed sales of single family homes in Maynard during May, twice as many as in May 2011. However, the median sale price of $212,250 was lower than in April 2011 when it was $246,000.

Closed Sales Year-to-date (1/1 – 5/31): There have been 29 closed sales for the first five months of 2012, exactly the same as for the same period in 2011. However, sale prices were substantially lower this year. The median sale price was $230,000, the average was $236,086. Last year the median was $300,000 and the average was $319,878.

Price adjustments: There have been 61 price reductions on 42 single-family homes in Maynard during the past 3 months. The average reduction was -5.82%.

Condominiums and Townhouses: There are 20 condominiums on the market in Maynard; last year at this time there were 22. List prices range from $79,900 for a garden apartment style condo to $320,000 for over 55 new construction townhouses.  The median list price is $222,450; slightly higher than last year when it was $221,950.

P
rices at the established townhouse communities Deer Hedge Run, Apple Ridge, and Oak Ridge range from $189,900 to $239,000.These townhomes were selling for over $300,000 during the peak, so they are especially good deals for buyers looking for easy living.

Closed Sales Year-to-Date (1/1 – 5/31): There have been 10 sales during the first 5 months, last year there were 11 for the same period. The median sale price Y-T-D for 2012 is $190,750; last year it was $245,000, so it is interesting that current list prices are higher than they were last year. Sellers really need to be realistic about pricing if they want to sell; buyers, this is a great time to buy a condo or townhouse in Maynard!

 

 

 

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Rainer
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United Inspection
United Inspection Service - Framingham, MA

Weren't the headquarters of ex-computer giant Digital Equipment Corporation in Maynard MA?

The real estate market is always interesting.

Jul 19, 2012 03:42 AM #1
Anonymous
Marilyn Messenger

Yes, DEC Headquarters were in Maynard. Now those building are Clock Tower Place and there is a diverse collection of companies there.

Jul 19, 2012 04:25 AM #2
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Rainmaker
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Marilyn Messenger

Marilyn Messenger, Real Estate west of Boston
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