this chart is meant to give you a snapshot of how the market is doing year to date compared to the same time period last yera. For a more in depth analysis please feel fre to contact me to discuss market conditions in different price ranges.
Ashland 1st qtr sales stat's (from MLS)
|
Single family homes |
# of sales 2007 |
# of sales 2008 |
Median sale $ 2007 |
Median sale $ 2008 |
|
|
21 |
18 |
$385,000 |
$411,000 |
|
Avg days on market |
152 |
111 |
|
|
this chart is meant to give you a snapshot of how the market is doing year to date compared to the same time period last yera. For a more in depth analysis please feel fre to contact me to discuss market conditions in different price ranges.
Hopkinton 1st qtr sales stat's (from MLS)
|
Single family homes |
# of sales 2007 |
# of sales 2008 |
Median sale $ 2007 |
Median sale $ 2008 |
|
|
23 |
22 |
$520,000 |
$571,000 |
|
Avg days on market |
151 |
163 |
|
|
The following chart shows market activity statistics for the full year of 2007 vs 2006
As you can see the number of sales is actually up and the sales price is quite close to asking. On the % ssold price I tried to show the % from original list price compared to the % from final list price (after price reductions) to sold price. This tells me that when homes are priced too high they sit and when they get to the correct price they sell quickly and close to asking price.
This is a comparison of single family sales in Metrowest using MLS Statistics.
This analysis uses the Towns of Ashland,Hopkinton,Holliston,Southboro,Grafton,Upton & Westboro.
As you can see from this chart the # of sales is actually up, while the Median price is down and days on market is up. Most importantly - houses are selling.
The other key fact is when they are priced correctly they sell very close to asking price 97% on average.
2008 Outlook -Metrowest
The market will remain flat, with similar sales volume to ‘07 and price declines leveling off. Keep in mind that last years sales volume although down 6% from ‘06 was still historically strong. I believe there is a pent up demand of buyers who wanted to buy but based on media reports waited to see if further deep price drops would occur. This has not happened but interest rates have dropped. I think these buyers will get back in the market this spring to take advantage of the low mortgage rates. Speaking of mortgage rates- again listening to the media reports you would think there was no way to get a mortgage unless you have 20% down. Absolutely false! With good credit you can still get financing with as little as 3% down fixed rate(FHA) at a reasonable rate from a reputable company. It's still a buyers market & will remain so until demand increases & inventory declines.
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Whether you are looking in Hopkinton, Southboro, Natick or any of Boston's Metrowest communities, I will help you make an informed decision based on in-depth analysis and 24 years of experience.
I can show you how to save Thousand's $, I bring 24 years of real estate sales and marketing success to share with you. I pride myself in my dedication, use of technology and innovation to bring my clients the best possible information to make informed decisions in their real estate transaction. Visit my website www.JohnSavi.com which has timely articles and comments on market conditions. I specialize in the Metrowest towns of Ashland, Hopkinton, Holliston, Natick, Southboro and Westboro. I have been the marketing coordinator for many New Construction subdivisions and have a great wealth of knowledge on new homes. Find your homes value online at www.johnsavi.com it's free and quick!
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"Thank you so much for your dedication and hard work. John without you none of this would have been possible. You helped make a crazy and hectic situation a much more enjoyable experience. Thank you from the bottom of our hearts."
Frank and Keila
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John,
Thanks again for all your help. We are extremely happy to have found you to help us sell our house.
Mert and Nicoa
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I would be very comfortable referring someone to you. You were more than attentive and helpful. I wish more people, in all businesses, were as customer oriented as you are.
Thanks again,
Kathy L.
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Thank you very much for all your help over the few months. We are very happy with our purchase and looking forward to becoming long term residents of Westborough. You were very patient and understanding through the whole process. We extremely appreciate that.
We will gladly refer you to people looking for housing.
Zahid & Maria A.
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Hi John. Just wanted to send you a quick note to say thank you again for everything you did for us.
We met our soon to be be new neighbors tonight and made me think back to five months ago.
I feel more at home in this house in five months than I did in almost three years at the condo.
So just wanted to let you know how much we appreciate the time and energy you gave to us to get us into the most wonderful home.
We hope all is well with you, Kevin and Sue P.
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