Monday Morning Market Watch for Medway – 14 September 2009

Currently there are 68 single family homes on the market in Medway. The houses have an average list price of $468,000 and an average market time of 183 days. There are 15 properties available for $300,000 or less. On the upper end of the scale, there are 4 properties listing for $800,000 or more.

Six single family properties came on the market the last week. The first is a 3 bedroom colonial on Walker Street. The second is a 4 bedroom raised ranch on Old Summer Street. The next is a 4 bedroom colonial on Fairway Lane. Thre is also a 4 bedroom Cape on Thayer Road, a 3 bedroom ranch on Virginia Road and a 4 bedroom colonial on Howe Street.

Three single family homes went under agreement in the last week. One is a 4 bedroom colonial on Barber Street. The second is a 4 bedroom colonial on North Street. And the last is a 4 bedroom colonial on Iarussi Way. One other property was flagged to go under agreement soon.

One single family home was sold in the past week. It was antique colonial on Lover's Lane that sold for $221,900.

There are currently 10 condos on the market, three of which are new construction at Pine Ridge Drive. The condo average list price is $314,000 with an average price per square foot of $157. Average time on market is 220 days. No new condos came on the market last week. One condo on Pine Ridge Drive was sold last week for $405,000.

There are five multi-families on the market in Medway. Average list price for multi-families is $311,000 with an average time on market of 177 days. Medway has seen very little movement in the multi-family market.