Mendon Real Estate Market Report December 2008

Mendon Massachusetts Real Estate Market Report for December 2008

In December of 2008 there were 2 homes that closed within the month for Mendon Massachusetts. This is an decrease of 2 units as there were 4 homes that closed in December of 2007.

The Average list price for the homes that closed in Mendon for December of 2007 was $553,650

The Average list price for the homes that closed in Mendon for December of 2008 was $299,900

The Average sale price for the homes that closed in Mendon for December of 2007 was $503,750

The Average sale price for the homes that closed in Mendon for December of 2008 was $269,000

The Average Market time for the homes that closed in Mendon in December of 2007 was 189 days.

The Average Market time for the homes that closed in Mendon December of 2008 was 149 days.

1 home went under agreement in Mendon Massachusetts in the month of December. The average list price of the homes that went under agreement was $298,000. The average time on the market was 156 days.

January - December Market Statistics for Mendon Massachusetts

In Mendon MA for the period of January to December of 2007 there were 43 properties sold.

In Mendon MA for the period of January to December 2008 there were 36 properties sold.

In Mendon MA for the period of January to December in 2007 the average list price was $492,428 the average sale price was $472,402 and the average market time was 157 days.

In Mendon MA for the period of January to December in 2008 the average list price was $424,920 the average sale price was $411,838 and the average time on the market was 215 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 December there have been a decrease in the amount of homes sold 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 where I advertise on-line to give my clients a dominant internet presence at 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

_________________________________________________________________________________________________________

About the author: The above Mendon 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 Mendon MA 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 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.

Subscribe in a reader

SUBSCRIBE TO MY METROWEST HOMES BLOG via email.

Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 23 years.