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Northbridge Real Estate Market Report January 2010

Northbridge Massachusetts Real Estate Market Report for January 2010

Northbridge Mass Real Estate market report

In January of 2010 there was 5 homes that closed within the month for Northbridge Massachusetts. This is the same amount of units, as there were 5 homes that closed in January of 2009.

The Average list price for the homes that closed in Northbridge for January of 2009 was $295,560

The Average list price for the homes that closed in Northbridge for January of 2010 was $226,740

The Average sale price for the homes that closed in Northbridge for January of 2009 was $283,700

The Average sale price for the homes that closed in Northbridge for January of 2010 was $220,480

The Average Market time for the homes that closed in Northbridge in January of 2009 was 124 days.

The Average Market time for the homes that closed in Northbridge January of 2010 was 119 days.

1 home went under agreement in Northbridge Masssachusetts in the month of January. The average list price of the homes that went under agreement was $359,900. The average time on the market for these Northbridge MA homes was 260 days.

January - December 2008 & 2009 Market Statistics for Northbridge Massachusetts

In Northbridge MA for the period of January to December of 2008 there were 96 properties sold.

In Northbridge MA for the period of January to December 2009 there were 117 properties sold.

In Northbridge MA for the period of January to December in 2008 the average list price was $326,475 the average sale price was $315,033 and the average market time was 182 days.

In Northbridge MA for the period of January to December in 2009 the average list price was $280,651 the average sale price was $270,931 and the average time on the market was 131 days.

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

In comparing year over year longer term data for Northbridge MA, the average list price and sale price both went down year over year from January to December as compared to 2008. There was however, some really positive news for Northbridge as the amount of sales increased by quite a bit and the average market time also dropped by a substantial margin!

Northbridge remains an excellent town for both 1st time home buyers as well as those wishing to move up into the mid ranges of the market.

Below are market reports for other towns in the Northbridge area:

Markets reports for Hopkinton

Market reports for Holliston

Market Reports for Mendon

Market reports for Hopedale

Market reports for Milford

Market reports for Southboro

Market reports for Upton

Market reports for Ashland

Market Reports for Westboro

Real Estate interview questions

Selling a home in Northbridge 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 Northbridge and many other Metrowest communities has changed over the last five years. We are no longer in a seller's market. When selling a home in Northbridge Massachusetts, it pays to have a pro in your corner representing you.

When selling a home in Northbridge MA, it pays to have a pro in your corner representing you. Here are some Real Estate interview questions to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!

** Almost 90% of all buyers are finding their homes on the Internet. See where I advertise on-line to create a dominant internet presence for my clients at Northbridge Real Estate Marketing **

_________________________________________________________________________________________________________

About the author: The above Northbridge Massachusetts Real Estate Market report was provided by BillRE/MAX Executive Realty Northbridge Mass Real Estate Gassett, a Nationally recognized leader in his field. 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 Northbridge MA and other Metrowest towns for the last 24+ Years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

For Massachusetts and Northbridge MA Real Estate and homes see Northbridge MA Real Estate 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, Douglas, and Framingham MA.

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

Subscribe in a reader

SUBSCRIBE TO MY METROWEST HOMES BLOG via email.

Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 24 years.

Ashland Real Estate Market Report January 2010

Ashland Massachusetts Real Estate Market Report January 2010

Ashland Mass Real Estate market report

In January of 2010 there were 5 homes that closed within the month for Ashland MA. This is an increase of 3 units as there were 2 homes that closed in January of 2009.

The Average list price for the homes that closed in January of 2009 was $373,320

The Average list price for the homes that closed in January of 20010 was $544,500

The Average sale price for the homes that closed in January of 2009 was $365,400

The Average sale price for the homes that closed in January of 2010 was $532,500

The Average Market time for the homes that closed in January of 2009 was 147 days.

The Average Market time for the homes that closed in January of 20010 was 144 days.

5 homes went under agreement in Ashland Massachusetts in the month of January. The average list price of the homes that went under agreement was $351,922. The average time on the market for these Ashland homes were 94 days.

January - December 2008 & 2009 Market Statistics for Ashland Massachusetts

In Ashland MA for the period of January to December of 2008 there were 119 properties sold.

In Ashland MA for the period of January to December 2009 there were 131 properties sold.

In Ashland MA for the period of January to December in 2008 the average list price was $428,698 the average sale price was $413,806 and the average market time was 111 days.

In Ashland MA for the period of January to December in 2009 the average list price was $356,911 the average sale price was $345,489 and the average time on the market was 95 days.

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

In comparing year over year longer term data for Ashland MA, it appears that there is still a downward trend in the average sale price for homes. There was however, and increase in the amount of sales for the year and also a drop in the average days on the the market. Ashland's market is driven by the housing stock in the lower to mid range prices which has been the strongest segment locally for sales. Market stabilization seems to be taking place and 2010 should be a better year for Ashland Real Estate.

Click here to see previous Ashland Real Estate Market Reports.

Market reports for Hopkinton

Market reports for Holliston

Market Reports for Mendon

Market reports for Hopedale

Market reports for Milford

Market reports for Southboro

Market reports for Upton

Market Reports for Westboro

Real Estate interview questions for Realtors

Selling a home in Ashland 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 Ashland and many other Metrowest communities has changed over the last five years. We are no longer in a seller's market. When selling a home in Ashland Massachusetts, it pays to have a pro in your corner representing you.

Here are some Real Estate interview questions to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!

** Almost 90% of all buyers are finding their homes on the Internet. See how I go about giving my clients unsurpassed online marketing exposure here Ashland MA Real Estate marketing **

_________________________________________________________________________________________________________

About the Author: The above Ashland Massachusetts market report was provided by Bill Gassett, a RE/MAX Executive Realty Ashland Mass Real EstateNationally recognized leader in his field. 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 Ashland MA and other Metrowest towns for the last 24+ Years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

For Massachusetts and Ashland MA Real Estate and homes see Ashland MA Real Estate. 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, Franklin, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, and Framingham MA.

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

Subscribe in a reader

SUBSCRIBE TO MY METROWEST HOMES BLOG via email.

Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 24 years.

Milford Real Estate Market Report January 2010

Milford Massachusetts Real Estate Market Report January 2010

Milford Mass Real Estate market report

In January of 2010 there were 4 homes that closed within the month for Milford Massachusetts. This is a decrease of 1 units, as there were 4 homes that closed in January of 2009.

The Average list price for the homes that closed in Milford for January of 2009 was $349,120

The Average list price for the homes that closed in Milford for January of 2010 was $154,750

The Average sale price for the homes that closed in Milford for January of 2009 was $328,200

The Average sale price for the homes that closed in Milford for January of 2010 was $163,750

The Average Market time for the homes that closed in Milford in January of 2009 was 256 days.

The Average Market time for the homes that closed in Milford January of 2010 was 24 days.

5 homes went under agreement in Milford MA in the month of January. The average list price of the homes that went under agreement was $228,240 The average time on the market for these Milford homes were 97 days.

January - December 2008 & 2009 Market Statistics for Milford Massachusetts

In Milford MA for the period of January to December of 2008 there were 196 properties sold.

In Milford MA for the period of January to December 2009 there were 172 properties sold.

In Milford MA for the period of January to December in 2008 the average list price was $290,813 the average sale price was $278,832 and the average market time was 165 days.

In Milford MA for the period of January to December in 2009 the average list price was $291,066 the average sale price was $280,552 and the average time on the market was 126 days.

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

In comparing year over year longer term data for Milford Massachusetts, it appears that there has been a trend towards the stabilization of market values. Although the number of home sales dropped in 2009 it was not by a substantial margin. 2008 was an exceptional year for the number of transactions to begin with due to a large drop in overall housing prices as well as a number of foreclosures and short sales that were further discounted.

Milford has become quite attractive to the 1st time home buyers segment due to a large stock of inventory in the lower price points.

Click here to see previous Milford MA Real Estate Market reports.

Market reports for Hopkinton

Market reports for Holliston

Market Reports for Mendon

Market reports for Hopedale

Market reports for Southboro

Market reports for Upton

Market reports for Ashland

Market Reports for Westboro

Real Estate interview questions for Realtors

Selling a home in Milford 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 Milford and many other Metrowest communities has changed over the last five years. We are no longer in a seller's market.

When selling a home in Milford Mass, it pays to have a pro in your corner representing you. Here are some Real Estate interview questions to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!

** Almost 90% of all buyers are finding their homes on the Internet. See where I advertise on-line to give my clients a dominant interner presence at Milford Massachusetts Real Estate Marketing. **

_________________________________________________________________________________________________________

About the Author: This Milford Massachusetts Real Estate market report was provided by Bill Gassett, aRE/MAX Executive Realty Milford Mass Real Estate Nationally recognized leader in his field. 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 Milford MA and other Metrowest towns for the last 24+ Years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

For Massachusetts and Milford MA Real Estate and homes see Milford MA Real Estate. 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, Franklin, Grafton, Northbridge, Uxbridge, and Framingham MA.

Click here to view Bill Gassett's Real Estate profile

Subscribe in a reader

SUBSCRIBE TO MY METROWEST HOMES BLOG via email.

Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 24 years.

Southboro Real Estate Market Report January 2010

Southboro Massachusetts Real Estate Market Report for January 2010

Southboro Real Estate Market Report

In January of 2010 there were 1 homes that closed within the month for Southboro Massachusetts. This is a decrease of 1 units, as there was 1 home that closed in January of 2009.

The Average list price for the homes that closed in January of 2009 was $609,500

The Average list price for the homes that closed in January of 2010 was $865,000

The Average sale price for the homes that closed in January of 2009 was $583,000

The Average sale price for the homes that closed in January of 2010 was $810,000

The Average Market time for the homes that closed in January of 2009 was 245 days.

The Average Market time for the homes that closed in January of 2010 was 71 days.

2 homes went under agreement in Southboro MA in the month of January. The average list price of the homes that went under agreement was $444,900. The average time on the market for these Southboro homes were 38 days.

January - December 2008 & 2009 Market Statistics for Southboro Massachusetts

In Southboro MA for the period of January to December 2008 there were 81 properties sold.

In Southboro MA for the period of January to December 2009 there were 66 properties sold.

In Southboro MA for the period of January to December in 2008 the average list price was $617,489 the average sale price was $585,159 and the average market time was 141 days.

In Southboro MA for the period of January to December in 2009 the average list price was $493,542 the average sale price was $472,630 and the average time on the market was 165 days.

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

While the average sale price in Southboro did drop quite substantially year over year a large part of the reason for this is due to the fact that there were far fewer upper end sales. The middle and lower end of the market in Southboro faired quite well with a stabilization in value. The upper end has remained weak and is more than likely not at the market bottom yet.

The average days on market went up in Southboro from 2008 again due to the fact the upper end of the market remained weak. There were quite a few more sales in 2009 as compared to 2008.

Click here for previous Southboro Real Estate Market Reports.

Market reports for Hopkinton

Market Reports for Westboro

Market reports for Holliston

Market reports for Milford

Market reports for Ashland

Real Estate interview questions

Selling a home in Southboro 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 Southboro and many other Metrowest communities has changed over the last five years. We are no longer in a seller's market. When selling a home in Southboro Massachusetts, it pays to have a pro in your corner representing you.

** Almost 90% of all buyers are finding their homes on the Internet. See where I advertise on-line to give my clients on dominant internet presence at Southboro MA Real Estate Marketing. **

We are no longer in a seller's market. When selling a home in Southboro MA, it pays to have a pro in your corner representing you. Here are some Real Estate interview questions to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!

_________________________________________________________________________________________________________

About the author: The above Southboro Massachusetts Real Estate report was provided by Bill Gassett, aRE/MAX Executive Realty Southboro Mass Nationally recognized leader in his field. 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 Southboro MA and other Metrowest towns for the last 24+ Years.

For Massachusetts and Southboro MA Real Estate and homes see Southboro MA Real Estate. Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.

Thinking of selling your home? I Have a passion for Real Estate and would love to have you as one of my clients!

I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Franklin, Northboro, Northbridge, Uxbridge, Douglas, and Framingham MA.

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

Subscribe in a reader

SUBSCRIBE TO MY METROWEST HOMES BLOG via email.

Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 24 years.

Massachusetts Oil Heating Upgrading and Insurance Law

Massachusetts Oil heating and insurance law As of July 1, 2010 any home that is serviced by an oil fired heating system in Massachusetts must comply with a new law that requires home owners to upgrade their system equipment to prevent leaks. The new legislation is designed to prevent leaks from pipes and equipment that connect to your furnace.

The new law is addressed in Chapter 458 of the Acts of 2008. The two biggest provisions of the law change include the following:

  • The installation of either an oil safety valve or an oil supply line with a protective sleeve on systems that do not already have these devices in place.
  • Insurance companies that provide home owners insurance policies must offer coverage for oil tank leaks from heating systems that use oil.

What is important to note is that most home owners policies do not currently include coverage for oil leaks leaving home owners to fend for themselves with costly clean up bills. The new law makes it mandatory for insurance companies to offer coverage, however it is up to the individual home owner to purchase this optional insurance. Implementation of the insurance coverage will also start as of July 1, 2010.

Who must take action?

Homeowners of one to four unit dwellings that are heated with oil must already have or install an oil safety value or an oil supply line with a protective sleeve. Installation of these parts must be completed by a licensed oil burner technician.

If your home was built prior to January 1 1990, you are more than likely already in compliance with the new law because state fire codes were changed to require these parts on new installations at that time.

Who is exempt?

Homeowners are not required to comply with these leak prevention steps if the oil burner is

  • Located above the oil storage tank and the entire oil line is connected to and above the top of the tank.
  • An oil safety valve or oil supply line with protective sleeve was installed on or after January 1, 1990 and
  • The changes are in compliance with the oil burning equipment regulations. The copy of the oil burner permit from the local fire department may be used to demonstrate you are in compliance.

Massachusetts Oil leak

Complying with this new law is a no brainer! The cost of cleaning up an oil spill is very expensive. The cost of making this upgrade is very cheap. We are talking about a few hundred dollars to make these upgrades. Why take a chance and be left with a bill that could cripple you financially!

If you are unfortunate enough to have a leak and it reaches the soil beneath your home then a clean up is going to be necessary to bring your property back into compliance with state environmental standards. If the leak is severe enough and it impacts your neighbors or the local ground water supply the bill is going to be astronomical.

In Massachusetts, reports indicate that there are a few hundred spills a year. If you have a spill the cost for clean up on the low end is going to be $15000 to $20,000 dollars. A high end clean up can easily get into the hundreds of thousands! Who would ever want to deal with this kind of nightmare when it is so easy to avoid? I know if I owned a home that was built prior that 1990 I would not want to even think about such a catastrophe. I would make darn sure I was compliant right away!

What Kind of Insurance is available to home owners?

Massachusetts Home InsuranceIn order to be eligible for coverage you must make sure that your home is either compliant or exempt from the new law.

The insurance will provide "1st party coverage" of at least $50,000 to cover the expenses of cleaning up a leak to soils, indoor air, or other environmental media from a home heating system at the residence itself and also reimbursement for personal property damage.

Secondly you must provide for "third party coverage" of at least $200,000 for dealing with any problems that occurred as a direct result of the leak for damage off of the property. This could be a near by home or the local ground water. The insurance coverage will also include costs for legal fees subject to a deductible not to exceed $1000 per claim.

*** The key point to remember with the Massachusetts Oil Heating and Insurance law is that an an upgrade is more than likely be necessay only if your home was built prior to 1990.

A special thanks goes out to Rory Warren of Warren Home Inspections who made me aware that this new law would be going into effect. Rory mentioned there is some talk about asking home inspectors to police homeowners who are not compliant with the law at the time of a home inspection.

From a home inspectors perspective, I am sure they will not be too thrilled to carry the burden of this task.

If you are thinking of selling your home in Massachusetts one other law that is going into effect in Massachusetts concerning home safety is the Massachusetts Smoke Detector Law. You can read the complete article on the law by clicking the link. The basics of the new regulations is that as of April 5, 2010 you will be required when selling a home to have certain kinds of smoke detectors.

___________________________________________________________________________________________________

About the Author: The above Real Estate information on Massachusetts oil heating upgrading and insurance law was provided by BillRE/MAX Executive Realty Metrowest Massachusetts Gassett, a Nationally recognized leader in his field. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356.

Have a home to sell in Metrowest Mass? I have a passion for Real Estate and love to share my marketing expertise!

For Metrowest Massachusetts Real Estate and homes see Massachusetts Real Estate. 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 and around Metrowest Massachusetts: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Northboro, Shrewsbury, Hopedale, Medway, Grafton, Northbridge, Uxbridge, Franklin, Framingham and Douglas MA.

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

Subscribe in a reader

SUBSCRIBE TO MY METROWEST HOMES BLOG via email.

Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 24 years.