Sudbury, MA

The number of single family homes sold in Sudbury, MA during the month of October remained flat at 12 homes sold in both 2007 and 2008.

The average selling price decreased dramatically from $999,292 in 2007 to $541,675 in 2008.

The average DOM (Days on Market) almost doubled to 222 days from 116 in 2007.

Welcome to the market conditions report for Sudbury MA. Here's what's going on: there are currently 110 active single-family home listings and of those 6 already have accepted offers waiting for contingencies to clear. Average time on the market for current listings is down a bit - 162 days, last year at this time it was 170. Eleven homes have sales pending, the same number as last month.

Overall, the number of homes for sale has decreased 110 compared with 130 MORE...

www.MarilynMessenger.com for the latest market reports for Sudbury, Maynard, Wayland, Weston, and Stow MA - complete MLS listings with addresses and maps, news and information for buyers and sellers west of Boston.

Lincoln-Sudbury 20, Hingham 3

Sometimes things happen for a reason.

After being in the media's spotlight following last week's rowdy behavior at the high school football game, Lincoln-Sudbury students last night attended the game against Hingham with their PARENTS!

That's right! High school students were required to have a parent in attendance if they wanted to attend the game, as a consequence of the underage drinking that had taken place at last week's game, taxing police and medical resources, and tarnishing the school's reputation.

Or so some people thought.

Rather, the tempest at Lincoln-Sudbury served to remind both students and parents that school officials were taking student behavior seriously, and they were enlisting the support of parents to make sure that student welfare, responsibility, and pride were at the forefront of their concerns.

The students who misbehaved were disciplined, parents were called upon to lead by example, and community support for the high school and its athletes was out last night in full force in a tribute to the school, its students and their families, and to the school officials who acted swiftly and decisively.

Sure, some students grumbled about lack of freedom, yada yada yada. And some students probably passed on attending , but for those who did attend?

It was an evening that had a profound effect on the families and groups who attended. There was pride, there was excitement, there was fun, and there was the sharing of an exciting activity surrounded by people you love.

Family bonding on the athletic field!

Lincoln-Sudbury's reputation has not been tarnished. Rather this high school has shown what leadership is all about. Lincoln-Sudbury has shown what it means to show respect to the community, the students, and to the athletes who work hard to exemplify true competitive spirit.

Lincoln-Sudbury should be commended. The parents should be commended. The students who abide by the rules should be commended. And the decisive action taken by school officials should be commended.

So BostonKayakGuy awards the Lincoln-Sudbury High School community a 5 paddle rating this week!

Job nicely done! Keep it UP !

BostonKayakGuy awards a 5 Paddles Rating!!

MORE:

Besieged Students Team Up/Boston Globe

Students Behaving Badly/The MetWest Scene

JOHN PRESCOTT

-BostonKayakGuy

Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy...The MetWest Scene

Today’s Lincoln-Sudbury HS football game will see a marked difference from the past.

In order for students to be able to attend Friday’s game, the School Superintendent has deemed that students must have a parent in attendance. This is in response to last week’s game where a number of students were drunk, many were drinking, and some had to be taken away to the hospital or to be charged with minor offenses, all of which taxed police and medical resources.

This policy change is bound to have ramifications in the world of high school football. And while the policy is currently intended to be in effect for just Friday’s game, school officials will be watching closely.

Reactions to the consequences of last week’s game behavior were mixed, though many students indicated that it was necessary. And while many parents are certain to have mixed feelings, their support will be critical in ensuring that students behave responsibly at sporting events.

FOX25 reporter Erin Hawksworth spent the day interviewing Lincoln-Sudbury students about the impact of the new game policy.

FOX25 Report

Update: Lincoln-Sudbury vs Hingham 9/19

Lincoln-Sudbury Steps Up Fight Against Underage Drinking

Lincoln-Sudbury Students Drinking

JOHN PRESCOTT

-BostonKayakGuy

Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

Hello and welcome to Mike the House Hunter's market analysis for the Sudbury, MA real estate market as of September 2008. Rather than the typical nominal Buyer/Seller market information, I am going to give you a complete picture of all segments of the Sudbury market. I hope you'll enjoy it and/or find it useful. BTW if I can be of help to you in buying or selling a home in Sudbury give me a call at 978-580-1069.

First, let's start with the Median House Prices.

Median Home Price Explaination: The median price is a useful statistic and is commonly used by the national market giants like Case-Schiller and others, as it shows the point at which half of the homes that sold in the time period are above and half of the homes are below. As you can see on the chart the median for the year ending December 31, 2007 was $31,750 higher than we are seeing today. Taking the difference between then and now you get a drop of 5.15% from last year, not great, but not catastrophic.

Now, let's go into more depth on the Sudbury market.

There are three distinct segments to this market: entry-level; mid-range; and luxury, and as might be expected, they've all behaved very differently this year.

Buyers and sellers of real estate in the Sudbury market need to look at four charts to truly understand what's happening for each of the price segments, noting that the figures shown are averages for the month.

• First, you need to see the number of units sold in each month that will give you an idea of the actual activity that is taking place.
  
• Next, you need to look at the monthly average price which will tell you the general part of the market that is moving off the shelves.
  
• Next, you need to look at the list to sales ratio which will tell you the point at which sellers sell and buyers buy
  
• And last, you need to look at the days on market, which will give you a general idea of the time it takes to sell one of these homes in today's market.

To Begin With, let's look at what's happening in the ENTRY LEVEL MARKET in Sudbury this year so far.

Entry Level Market Statistics Explanation

• Monthly units sold: activity seems to have bottomed-out in early summer and is in a general recovery.
  
• List to sales ratio: sellers and their agents needed most of the year to understand (and believe) that the market has changed and the prices have dropped. Once they figured that out, around May, the ratios climbed to just about their historical averages.
  
• Monthly average price: As the number of units goes up, the prices go down - again the buyers, sellers and their agents seem to be getting the message.
  
• Days on market: the time it takes to sell in this price point should not be this high, and reminds us all that a home is not a liquid investment.

Next, let's look at what's happening in the MIDDLE LEVEL (MOVE-UP) MARKET in Sudbury this year so far.

Mid Level Market Statistics Explanation

• Monthly units sold: there is very little activity, and what activity there is seems to have bottomed-out in early summer and is in a general recovery, and although it may be too early to call, August figures may be predicting another slide.
  
• List to sales ratio: sellers and their agents in this price range are still in denial that the market has dropped and this is evident in this chart.
  
• Monthly average price: the few homes that are selling are in a very narrow range, which suggests that the traditional move-up buyers are having trouble selling their starter homes, and some of the buyers in this price point may well be first-time home buyers.
  
• Days on market: the trend is generally upward, which is not encouraging if you're a seller, but great if you're a buyer with no house to sell.

And last, let's look at what's happening in the LUXURY MARKET in Sudbury this year so far.

Luxury Home Market Statistics Explanation

• Monthly units sold: there is very little activity, and what activity there is seems to have spiked into a general recovery in June (it may be spurred by needing to get into a home before school starts), and although it's tough to predict the future on a three-month trend, August figures are looking like a steady downward slide.
  
• List to sales ratio: luxury homes are very difficult to price, as once you get up to a certain square footage in size, the real differences in price are directly related to the level of detail, fit and finishes, updating, and desired amenities. This chart shows that buyers and sellers have very different ideas of what adds value, an age-old dilemma.
  
• Monthly average price: the few homes that are selling are tending to be in the upper end of the range which sort of reflects the consolidation of wealth in our current economy. As a side note, there does not appear to be a market for properties above $2 million in Sudbury at this time.
  
• Days on market: the trend is generally downward, which is very encouraging, but may be more a function of sellers who would like to sell but are waiting on the sidelines for a while for the market to recover.

In Summary, all Markets are LOCAL!

Just as the national statistics you hear on the news can't tell you how your local market is doing, buying or selling in different price points within a town can be a different experience. I hope the information I've presented here has increased your awareness of the inability to generalize even within a local market, and helped you to be a more informed consumer!

Mike Hunter, the House Hunter
Your Neighborhood Realtor for Sudbury and Metrowest Boston.

BTW if I can be of help to you in buying or selling a home in Sudbury give me a call at 978-580-1069.

Coldwell Banker Residential Brokerage
447 Boston Post Rd, Sudbury, MA 01776
Tel: 978.580.1069
Blog: http://househunter3.blogspot.com
Email: Mike.Hunter@NEMoves.com
Web: www.HunterTheHouseHunter.com
Information deemed Reliable but not Guaranteed.

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