Sudbury MA Market Conditions - Positive Year End Sales!

Welcome to the first Sudbury MA Market conditions report for 2010!

A comparison of 2009 with 2008 shows that although sales of single-family homes in Sudbury MA during 2009 were down a bit from 2008 - there were 160 sold compared with 165 during 2008; the median sale price was $4,000 less and the average sale price was approx. $40,000 less; the year ended on an upbeat note for sellers.

There were 14 closed sales in Sudbury during December 2009; twice as many as the previous December; and both the median and the average sale price was up The median sale price in December 2009 was $707,500; the average was $658,429. The December 2008 median sale price was $623,000; the average was $546,574.

Currently, there are 7 more single family homes for sale in Sudbury than there were last year and they are all listed between $1,000,000 and $1,499,999. The overall supply of houses for sale remains low - only 84 homes on the market in Sudbury. The median list price is $904,250; the average is $904,250; both lower than last year at this time, but not significantly. Five of the homes listed have accepted offers. And there are ten homes with sales pending.

Whether you're a first time buyer, or a current homeowner thinking about moving up, moving down, or moving sideways to easier living, this is a great time to do it! Interest rates are still low, the $8,000 first time buyer credit has been extended; and, there is a $6,500 credit for many existing home owners. The deadline for a Purchase and Sale agreement is April 30 and the property must close June 30. G o to www.marilynmessenger.com or contact your tax accountant to find out if you qualify.

Visit www.MarilynMessenger.com for the latest local market condition reports for Sudbury, Wayland, Weston, Maynard and Stow MA, complete MLS home search, news and information to help you plan your next move. To get market information for any other town e-mail marilynmessenger@realtor.com.

Data Source: MLSPIN (Multiple Listing Service Property Information Network)

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Home buyer tax credit information