Westborough, MA

Search Criteria: SF; Q3 2009; TOWNS: Westborough, Price Range Number of Listings Avg. Days on Market $100,000 - $119,999 1 421 $160,000 - $199,999 1 44 $250,000 - $299,999 4 114 $300,000 - $349,999 6 123 $350,000 - $399,999 6 48 $400,000 - $449,999 2 30 $450,000 - $499,999 4 79 $500,000 - $599,999 6 194 $600,000 - $699,999 3 150 $700,000 - $799,999 4 67 $800,000 - $899,999 3 92 $900,000 - $999,999 1 47 Total Properties 41 Avg. 110 Lowest Price: $112,500.00 Median Price: $458,000.00 Highest Price: $900,000.00 Average Price: $482,953.00 Total Market Volume: $19,801,100.00 Total Market Volume: $19,801,100.00 Market statistics are always calculated in real-time for SOLD properties only.

1. Search for Westboro Homes HERE

Westboro Massachusetts Real Estate Market Report for October 2009

In October of 2009 there were 14 homes that closed within the month for Westboro Massachusetts. This is a increase of 7 units, as there were 7 homes that closed in October of 2008.

The Average list price for the homes that closed in Westboro for October of 2008 was $466,433

The Average list price for the homes that closed in Westboro for October of 2009 was $369,850

The Average sale price for the homes that closed in Westboro for October of 2008 was $434,654

The Average sale price for the homes that closed in Westboro for October of 2009 was $357,179

The Average Market time for the homes that closed in Westboro in October of 2008 was 164 days.

The Average Market time for the homes that closed in Westboro October of 2009 was 131 days.

6 homes went under agreement in Westboro Massachusetts in the month of October. The average list price of the homes that went under agreement was $499,900 The average time on the market for these Westboro MA homes were 115 days.

Through October there have been 109 homes sold in Westboro. At this same time last year there were 112 homes sold.

January - December 2008 Market Statistics for Westboro Massachusetts

In Westboro MA for the period of January to December of 2007 there were 164 properties sold.

In Westboro MA for the period of January to December 2008 there were 130 properties sold.

In Westboro MA for the period of January to December in 2007 the average list price was $511,977 the average sale price was $493,296, and the average market time was 138 days.

In Westboro MA for the period of January to December in 2008 the average list price was $464,290 the average sale price was $444,367 and the average time on the market was 97 days.

** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Westboro Massachusetts.

In comparing year over year longer term data for Westboro Massachusetts, the average list price and sale price both went down year over year from January to December. This can be attributed to the on going weakness in the real estate market in Metrowest MA. There was however a decrease in the days on the market for the same period in Westboro MA. This is indictive of sellers becoming more realistic in pricing their homes properly.

These statistics are similar to many of the towns in Metrowest MA. Most of the surrounding towns experienced a decrease in the average list price and sale price for the January to December time frame.

There is some evidence to suggest however, that we may be nearing the Real Estate bottom for Westboro and the surrounding area.

Selling a home in Westboro Massachusetts or other Metrowest town is heavily dependant on pricing your home properly and picking an agent that will create an "online market presence" for your home. As a home seller, you need to be aware that the market in Westboro and many other Metrowest communities has changed over the last three and a half years. We are no longer in a seller's market. When selling a home in Westboro Massachusetts, it pays to have a pro in your corner representing you.

When selling a home in Westboro MA, it pays to have a pro in your corner representing you. Here are some Real Estate interview 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 dominant internet exposure at Westboro MA Real Estate marketing **

Here are some additional Real Estate reports for the other towns surrounding Westborough:

Market reports for Hopkinton

Market reports for Holliston

Market reports for Milford

Market reports for Southboro

Market reports for Upton

Market reports for Ashland

Thinking about selling a Westboro Home? Here are couple of Real Estate articles worth reading:

Preparing to sell a Massachusetts home

Massachusetts Home Selling Tips

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About the Author: The above Westboro Massachusetts Real Estate market report was provided by Bill 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 Westboro Massachusetts 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 Westboro MA Real Estate and homes see Westboro MA 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, and Framingham MA.

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

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Get a Free List of Websites of Government and Bank Foreclosure Listings in Westborough, MA

There are a number of websites that contain free listings of government and bank foreclosed homes in Westborough, MA. These websites contain descriptions, color photos, and addresses of the foreclosed homes for sale in Westborough, MA. And, most of these websites have government and bank foreclosure listings nationwide.

There's no charge to search the foreclosure listings on any of these websites, and there's no 7-day free trial period either. Virtually all of these websites do not require any personal information to get access to the government and bank foreclosure listings. You can access these foreclosure listings anytime you want and as often as you want - free of charge!

Get your own directory of free websites of government and bank foreclosures in Westborough, MA. While registration is required to get access to the directory of free websites of foreclosures, the information will be provided to you instantly, and is completely free-of-charge and without any obligation!

FHA, VA, and USDA Rural Development Loans in Westborough, MA

Are you looking for a home mortgage loan in the Westborough, MA area?

Then you've come to the right place! Northeast Community Mortgage is a mortgage broker serving Westborough, MA, and many of the surrounding areas.

When you decide to buy a home or refinance a mortgage in Westborough, MA or in the surrounding area, your search for a home mortgage loan should start and end here. With so many lenders to choose from in the greater Westborough area, you should choose one you can trust to find the mortgage loan that will best meet your needs.

As a mortgage broker, we help our clients obtain a loan from the lender who has the terms that best matches their needs. In terms of mortgage programs, we specialize in FHA, VA, and USDA Rural Development loans. We also offer fixed and adjustable rate conventional and conforming jumbo loans. So, before your first house-hunting trip, whether it's in Westborough or in any of the surrounding areas, we'll help you select the best financing program for your needs.

Sure, there are dozens of big bank mortgage lenders nationally, but you need a lender in Westborough. Why? Because we know Westborough and the surrounding areas. We know the local real estate agents, appraisers, inspectors, and so much more.

We also have state-of-the-art technology that makes the mortgage loan process as easy and fast as possible, all while delivering personal customer service that can't be beat. We'll also take care of all the details, and make your transaction as smooth and worry free as possible.

Our services and financial resources enable us to make loans other lenders do not. We pride ourselves on being a mortgage broker with experience. We are also well-respected within the wholesale loan community, as evidenced by our relationships with lenders such as Provident Funding, Wells Fargo, and Flagstar, to name a few.

Don't gamble your family's largest investment with a big name lender that may not know Westborough. Choose us, the Westborough mortgage and loan specialists!

Home mortgage loans in Westborough:

• We'll help you find the perfect home loan or mortgage.

Refinance mortgage loans, or refinancing your current home in Westborough:

• We help Westborough families lower their mortgage payments and/or lock in lower interest rates for their home loans every day.

FHA Loans, VA Loans, USDA Rural Development Loans, and so much more!

• No matter what type of home loan you need, we're ready to help.

We'll give you the personal attention you deserve and treat you as a valued customer. Get the best available mortgage rates for your situation in Westborough, MA!

The Mortgage Interest Rate Lock Advisory for Westborough MA for October 20, 2009

Here are some of the events affecting mortgage interest rates today in Westborough, MA.

What the Mortgage Backed Securities Market is Doing Today:

The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.05 this morning - up 9/32 from yesterday's close.

The chart below shows today's price trend of the FNMA 30-Year 4.5% coupon:

The FNMA 30-Year 4.5% MBS coupon is currently trading at 100.97 - up 6/32 from its opening. Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and mortgage interest rates come down with it. I expect that mortgage interest rates will be 0.125% - 0.375% better in price this morning as compared to yesterday.

The chart below shows the price trend of the FNMA 30-Year 4.5% coupon over the past 30 days:

Economic Reports, News, and Events Affecting Mortgage Interest Rates Today:

• Housing Starts for September - there were 590,000 new housing starts last month, less than the 615,000 that was forecasted, and is down from 598,000 starts the previous month. While this report provides us with an indication of housing sector strength and mortgage credit demand, it's but usually is not a mover of mortgage interest rates.
  
  
• Producer Price Index (PPI) for September - there was a 0.6% decline in the overall PPI index and a 0.1% decline in the core index, and is worse than expected. Analysts were expecting to see a 0.3% decline in the overall index and a 0.1% rise in the core data reading. The PPI is a measure of the average price of a fixed basket of capital and goods received by producers. This index measures the inflationary pressures at the producer level of the economy. The core data is the more important of the two because it excludes more volatile food and energy prices. Weaker than expected readings in the core data led to a drop in mortgage interest rates this morning.

There are a number of quarterly earnings reports scheduled for release this week that could affect the stock markets. If the earnings reports are good or better than expected, then you can expect traders to sell bonds and mortgage backed securities and move those funds into stocks. If, on the other hands, earnings reports are worse than expected, then you can expect traders to sell stocks and move those funds into bonds as a safe-haven.

What's Happening With Mortgage Interest Rates Today:

Moderate volatility. Overall, expect the mortgage market to be heavily influenced mostly by the stock markets today.

My Mortgage Interest Rate Lock Advice for Today:

If I were considering financing/refinancing a home, I would...

• Lock if my closing was taking place within the next 7 days
• Floata if my closing was taking place between 8 and 30 days
• Float if my closing was taking place between 31 and 45 days
• Float if my closing was taking place between 46 and 60 days

This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of any or all other borrowers.

Get today's mortgage interest rates for your situation in Westborough, MA.