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)
Excellent opportunities in Weston MA for luxury home buyers. The number of single family homes for sale in Weston is up from last year at this time; there are 103 homes available compared with 81 last year. Three of the homes for sale already have accepted offers with contingencies waiting to clear; and as there are sixteen homes with sales pending.
Prices in Weston range from $449,000 to $14,000,000; median and average list prices in Weston are less than last year at this time. The median is $1,585,000; the average is $2,167,700. Last year at this time the median was $1,795,000; the average was $2,312,777. The price range with the most homes for sale in Weston is $1,000,000 to $1,499,000; there are 25 available compared with 12 last year at this time - lot's of excellent choices.
There were 21 closed sales during July 2009 up from 17 in July 2008 and median and average sales prices were both higher.
To find out what homes are available in Weston call 508-596-3501 or search MLS listings, get daily listing updates, news and information at www.marilynmessenger.com 24/7.
Source: MLSPIN (Multiple Listing Service Property Information Network)
Check out the lastest housing report from RE/MAX of New England
There are fewer single family homes for sale in Wayland MA than there were last year at this time - 97 compared to 106. Current prices in Wayland range from $199,000 to $6,500,000. The median list price is $650,000 down from $734,450; the average list price is $1,003,792 up from $945,872 last year. Average time on the market for current listings is 186 days; 16 days longer than the average time last year. Recent activity includes 19 single family homes with sales pending and 11 have accepted offers with contingencies waiting to clear.
More homes sold during July compared with July 2008 - 16 closed sales compared with 13; and both median and average sale prices were up: the median sale prices was $587,500 and the average was $701,360. The average time on the market was 103 days. During the three months ending 8/17/09 there were 38 closed sales; there were 42 for the same period in 2008; the median sale price was $582,000; the average was $670,901.
For anyone looking for easy living, Wayland there are 28 condominiums on the market compared with only 19 last year at this time. Condominium prices range from $294,000 to $1,150,000 and average time on the market is 235 days. Year-to-date, there have been 10 closed sales; and there are 7 sales pending. Condominium buyers certainly have some good opportunities Wayland - don't be afraid to make an offer - a good buyer agent will negotiate on your behalf.
To find out about opportunities in Wayland call 508-596-3501 or visit www.marilynmessenger.com for complete MLS home searches, daily listing alerts, news and information to help plan your move.
Data Source: MLSPIN 8/18/2009
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.
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