Westboro Real Estate Market Report October 2008

Westboro Massachusetts Real Estate Market Report for October 2008

In October of 2008 there were 7 homes that closed within the month for Westboro Massachusetts. This is a decrease of 6 units as there were 13 homes that closed in October of 2007.

The Average list price for the homes that closed in Westboro for October of 2007 was $533,346

The Average list price for the homes that closed in Westboro for October of 2008 was $466,443

The Average sale price for the homes that closed in Westboro for October of 2007 was $519,400

The Average sale price for the homes that closed in Westboro for October of 2008 was $434,654

The Average Market time for the homes that closed in Westboro in October of 2007 was 146 days.

The Average Market time for the homes that closed in Westboro October of 2008 was 164 days.

10 homes went under agreement in Westboro Massachusetts in the month of October. The average list price of the homes that went under agreement was $366,910. The average time on the market for these Westboro MA homes were 77 days.

January - October Market Statistics for Westboro Massachusetts

In Westboro MA for the period of January to October of 2007 there were 153 properties sold.

In Westboro MA for the period of January to October 2008 there were 112 properties sold.

In Westboro MA for the period of January to October in 2007 the average list price was $503,505 the average sale price was $486,161, and the average market time was 143 days.

In Westboro MA for the period of January to October in 2008 the average list price was $474,584 the average sale price was $454,539 and the average time on the market was 99 days.

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

In comparing year over year longer term data for Westboro Massachusetts, the average list price and sale price both went down year over year from January to October. This can be attributed to the on going weakness in the real estate market in Metrowest MA. There was however a decrease in the days on the market for the same period in Westboro MA. This is indictive of sellers becoming more realistic in pricing their homes properly. The number of sales so far year to date is down substantially from last year.

These statistics are similar to many of the towns in Metrowest MA. Most of the surrounding towns experienced a decrease in the average list price and sale price for the January to September time frame.

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

When selling a home in Westboro 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!

** 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. **

Market reports for Hopkinton

Market reports for Holliston

Market reports for Milford

Market reports for Southboro

Market reports for Upton

Market reports for Ashland

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The above Westboro 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 Westboro Massachusetts 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, and Grafton to service home sales in Westboro 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 Westboro MA Real Estate and homes see Westboro Homes For Sale 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, and Framingham MA.

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

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