Sudbury, MA

Welcome to the Sudbury MA real estate market update. Overall inventory is up from last year at this time - 138 current listings compared with 107 last year. Prices for single family homes In Sudbury range from $199,000 to $3,700,000. The median list price is higher than last year at this time - $839,450 compared with $785,000; the average list price is also a bit higher - $1,086,580 compared with $1,010,198; and the average number of days on the market is also higher - 187 days up from 145 days.

The price ranges with the most significant increase of homes for sale are: one million to $1,499,999 - there are 28 compared with 19 last year; and $800,000 to $899,999 - there are 13 compared with 4 a year ago; good opportunities for buyers in those ranges. For people looking in between $700 and $799,999 there are only 9 homes for sale compared with 15 last year - fewer choices generally lead to more competition and higher prices.

Recent activity shows there are 18 single-family homes with accepted offers and 13 with sales pending.

The number of closed sales for September was up from September 2008 and median and average sale prices were both lower; 15 sold vs. 11 in September 2008; the September 2009 median sale price was $665,000 vs. $897,000; the average was $669,900 down from $998,909; and it took longer for homes to sell - average time on the market for September 2009 was 173 days and 65 days in September 2008.

Given the increase in the number of homes on the market, anyone who wants to sell needs to think carefully about pricing their property correctly for the current market. Correct pricing is crucial; all the pretty pictures and videos in the world will not attract buyers if the home is not priced correctly. Lowering the price after the fact will only net less money and add even more frustration to the process.

Interest rates are low and there are lots of great choices for buyers! 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)

Sudbury Market conditions for single family homes sold. This chart comapares Sudbury homes sales YTD 2008 vs 2009. looking at sales price, days on market and average and median prices fortrends in market.

     Sudbury Market Stat's  1/1 - 7/31 2009  

    While the number homes sold is down, the median price is improving and days on market is improving.

         See chart below for sales by price range    most active range is - under $800,000

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Welcome to the Sudbury MA real estate market update.

The news for buyers continues to be better than for sellers in Sudbury. Overall inventory is up from last year at this time - 136 current listings compared with 115 last year; the median list price is the same; the average list price is slightly higher; and the average number of days on the market is just about the same. However the $900K to $999,900 has fewer homes available - only 5 compared with 11 last year at this time. Recent activity shows there are 16 single-family homes with accepted offers and 16 with sales pending.

Current prices for single-family houses in Sudbury range from $259,900 to $3,700,000. The median list price is $879,400; the list average price is $1,117,545. Opportunities abound in the luxury home market with 44 homes for sale between one million and two million dollars. The number of closed sales for July was down from July 2008 as were median and average sale prices; 20 sold vs. 32 in June 2008; the June 2009 median sale price was $481,750 vs. $640,750; the average was also down - $620,643 from $755,727. The average time on the market was 147 days - just about the same as July 2008.

Given the increase in the number of homes on the market and the decrease in the number of homes sold, sellers need to rethink their pricing strategies if they want to move on. If not, perhaps they should MORE

Get the latest market condition reports for Sudbury, Wayland, Weston, Maynard and Stow at www.marilynmessenger.com - complete MLS home searches with addresses & maps; news and information to help you plan your next move.

Welcome to the Sudbury MA real estate market update.

Better news for buyers than sellers in Sudbury. Overall inventory is up from last year at this time - 149 current listings compared with 125 last year; so it's not surprising that time on the market is up also - 170 days vs. 156 last year. However, there are fewer homes available - between $500K and $700K; and from $900K to $999,900. Recent activity shows there are 21 single-family homes with accepted offers and 20 with sales pending.

Current prices for single-family houses in Sudbury range from $269,900 to $3,700,000. The median list price is $895,000 up from $845,000 on 7/13/08; the list average price is $895,000 up from $1,049,552 last year. Two bedroom homes start at $199,000; three bedroom homes start at $269,900 and four bedroom homes start at $430,000. Opportunities abound in the luxury home market with 31 homes for sale between $1,000,000 and $1,499,999.

The number of closed sales for June was down from June 2008 as were median and average sale prices; 23 sold vs. 33 in June 2008; the June 2009 median sale price was $612,500 vs. $685,000; the average was also down - $691,370 from $742,289. Year to date sales were also down from the first six months of 2008 - 63 vs. 74; however it is worth noting that it took 18% less time to sell a home this year; and both the median and average sale price was up - y-t-d median was $612,000; the average was $697,065.

Given the increase MORE

Sudbury Market Stat's 1/1- 5/31 2009

See chart below for sales by price range most active range is - under $700,000