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John Savignano Realtor Hopkinton and Metrowest MA Real Estate

Westboro single family activity 2007 vs 2008

Westboro market statistics 2007 vs 2008

Single family

activity

Sold

volume

Avg sold

price

Median sold price

Days on mkt

2008

130

444,000

374,000

97

2007

164

493,000

435,000

138

Trend

Dn 21%

Dn 10%

Dn 14%

Dn 30%

While the number of homes sold was down dramatically -21%, the average sales price was down 10%. The median sales price was down 14% showing that homes in the lower price ranges are selling more readily in Westboro. The average days on market has improved by 41 days which tells me if sellers are more realistic about market conditions and pricing more accurately from the start the house will sell faster.

Hopkinton single family market snapshot 2007 vs 2008

Hopkinton market statistics 2007 vs 2008

Single family

activity

Sold volume

Avg sold

price

Median sold

price

Days on mkt

2008

129

594,000

569,000

131

2007

184

617,000

580,000

144

Trend

Dn 30%

Dn 4%

Dn 2%

Dn 9%

While the number of homes sold was down dramatically, the average sales price was only down 4%. The median sales price held pretty steady showing that homes in all price ranges are still selling in Hopkinton. The average days on market has improved by 10 days which tells me sellers are more realistic about market conditions and pricing more accurately from the start.

Metrowest of Boston single family 2007 vs 2008 statistics

Metrowest market statistics 2007 vs 2008

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Ashland, Hopkinton stats, Southboro, Holliston, Westboro, Grafton, Upton

2007 vs 2008

Single family

activity

Sold

volume

Avg sold

price

Median sold price

Days on mkt

2008

1180

417,500

362,000

121

2007

1441

461,000

402,000

130

Trend

- 19%

- 9%

-10%

- 7%

While the number of homes sold was down dramatically, the average sales price was down 9%. The median price was down by 10% showing a slight tilt of home sales to the lower price ranges, but overall homes are still selling in Metrowest. The average days on market has improved by 11 days, which tells me sellers are more realistic about the original asking price and therefore the homes are selling faster.

Grafton market statistics 2007 vs 2008

Grafton market statistics 2007 vs 2008

Single family

activity

Sold

volume

Avg sold

price

Median sold price

Days on mkt

2008

119

389,000

340,000

160

2007

160

438,000

406,000

156

Trend

Down 30%

Down 4%

Down 2%

Down 9%

While the number of homes sold was down dramatically, the average sales price was only down 4%. The median sales price held pretty steady showing that homes in all price ranges are still selling in Hopkinton. The average days on market has improved by 10 days which tells me sellers are more realistic about market conditions and pricing more accurately from the start.

A winters day in Grafton MA

Grafton MA is a quintessential new england town with its town common and gazebo as well as historic streets and well preserved victorian and colonial homes. This samll town is a suburb of Worcester MA but has grown greatly over the past 15 years with many new home developments and new schools. There are lots of commuters living here who take advantage of the suburban lifestyle combined with great access to Bostron via commuter rail or MA Pike (90). Its only minutes to rte 9 and 495 with a mix of hi-tech and bio-tech companies.