Southboro Real Estate Market Report October 2008

Southboro Massachusetts Real Estate Market Report for October 2008

In October of 2008 there were 3 homes that closed within the month for Southboro Massachusetts. This is the same amount, as there were 3 homes that closed in October of 2007.

The Average list price for the homes that closed in Southboro for October of 2007 was $809,600

The Average list price for the homes that closed in Southboro for October 2008 was $397,933

The Average sale price for the homes that closed in Southboro for October of 2007 was $771,667

The Average sale price for the homes that closed in Southboro for October of 2008 was $363,500

The Average Market time for the homes that closed in Southboro in October of 2007 was 204 days.

The Average Market time for the homes that closed in Southboro October of 2008 was 102 days.

3 homes went under agreement in Southboro MA in the month of October. The average list price of the homes that went under agreement was $426,967. The average time on the market for these Southboro homes were 114 days.

January - October Market Statistics for Southboro MA

In Southboro MA for the period of January to October 2007 there were 72 properties sold.

In Southboro MA for the period of January to October 2008 there were 56 properties sold.

In Southboro MA for the period of January to October in 2007 the average list price was $598,822 the average sale price was $572,564 and the average market time was 153 days.

In Southboro MA for the period of January to October in 2008 the average list price was $646,602 the average sale price was $612,911 and the average time on the market was 141 days.

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

In comparing year over year longer term data for Southboro Massachusetts through September, there have been less homes sold but not a big difference. The average sale price did increase as there were more higher end properties that closed. The average days on the market has remained stable in Southboro Massachusetts.

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. What must be stressed, however, is that these home figures still represent a healthy amount of sales.

Click here for previous Southboro Real Estate Market Reports.

Market reports for Hopkinton

Market Reports for Westboro

Market reports for Holliston

Market reports for Milford

Market reports for Ashland

Selling a home in Southboro 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 Southboro 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 Southboro Massachusetts, it pays to have a pro in your corner representing you.

** 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. **

We are no longer in a seller's market. When selling a home in Southboro MA, 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!

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The above Southboro Massachusetts Real Estate 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 Southboro 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.

For Massachusetts and Southboro MA Real Estate and homes see Southboro 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 Have a passion for Real Estate and would love to have you as one of my clients!

I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northboro, Northbridge, Uxbridge, Douglas, and Framingham MA.

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

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