Mendon Real Estate market report October 2008

Mendon Massachusetts Real Estate Market Report for October 2008

In October of 2008 there were 3 home that closed within the month for Mendon Massachusetts. This is a decrease of 4 units as there were 7 homes that closed in October of 2007.

The Average list price for the homes that closed in Mendon for October of 2007 was $464,271

The Average list price for the homes that closed in Mendon for October of 2008 was $366,567

The Average sale price for the homes that closed in Mendon for October of 2007 was $441,986

The Average sale price for the homes that closed in Mendon for October of 2008 was $360,800

The Average Market time for the homes that closed in Mendon in October of 2007 was 94 days.

The Average Market time for the homes that closed in Mendon October of 2008 was 381 days.

1 home went under agreement in Mendon Massachusetts in the month of October. The average list price of the homes that went under agreement was $246,933. The average time on the market was 121 days.

January - October Market Statistics for Mendon Massachusetts

In Mendon MA for the period of January to October of 2007 there were 37 properties sold.

In Mendon MA for the period of January to October 2008 there were 31 properties sold.

In Mendon MA for the period of January to October in 2007 the average list price was $490,835 the average sale price was $473,900 and the average market time was 153 days.

In Mendon MA for the period of January to October in 2008 the average list price was $428,010 the average sale price was $415,265 and the average time on the market was 230 days.

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

In comparing year over year longer term data for Mendon Massachusetts through June there have been lthe same amount of homes as the previous year. The average sale price decreased and the average days on the market increased year over year in Mendon.

These statistics are similar to many of the towns in Metrowest MA and represent the on going weakness in the market as compared to previous years.

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

When selling a home in Mendon Massachusetts, it pays to have a pro in your corner representing you. Here are some excellent 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 this must read article on where I advertise on-line. Metrowest MA Homes ~ How to effectively market to the masses on-line. **

Click here for previous months Real Estate Market reports for Mendon MA

Markets report for Hopkinton

Market reports for Holliston

Market reports for Milford

Market reports for Southboro

Market reports for Upton

Market reports for Ashland

Market reports for Hopedale

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The above Mendon Massachusetts Real Estate Market report was provided by Bill Gassett, the team leader for the #4 RE/MAX Team in Massachusetts in 2007. 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 Mendon MA and other Metrowest towns for the last 22+ Years. Bill's office is conveniently located in the center of Hopkinton MA at 77 Main Street. RE/MAX Executive Realty also has offices in Upton, Holliston, and Grafton to service home sales in Mendon MA.

I have a passion for Real Estate and love to share my marketing expertise! I would welcome the opportunity to earn your business.

For Massachusetts and Mendon MA Real Estate and homes see Mendon 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, Douglas, and Framingham MA.

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

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