Rebecca Reynolds, Realtor® & Tech Guru

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Rebecca, Technology Coordinator & Real Estate Agent

Shrewsbury Real Estate News and Commentary: May 25, 2011

Recently I was asked: Why have you decided to focus on becoming a Real Estate Expert for Shrewsbury?

The answer is multi-faceted and I could talk about what a great place Shrewsbury is with all it has to offer without having to exaggerate. When it comes to my business, I chose Shrewsbury based on two major factors:

• Proximity: Shrewsbury is easy for me to get to whether I'm at my office or my home. In order to provide my clients with efficient and effective service, having the ability to respond quickly is a key factor.
• Market Volume: Residential Real Estate in Shrewsbury is selling. This affords me the business opportunity to earn a living for myself and my family. I love helping my clients but would not be able to do it very long if I wasn't being paid!

According to the local multiple listing service, between August 17, 2010 and September 17, 2010, thirty one residential homes sold in Shrewsbury!

The Total Market Volume for that timeframe was $13,030,600. Those are impressive numbers and indicate a great environment to work in.

You can review the Single Family Home Sales Report from the Multiple Listing Service on my website using this link.

My consulting services are FREE until we succeed in achieving the results you are after. Call me at 508-858-5514

Rebecca J. Reynolds, Realtor®

Facts about Single Family Homes available For Sale in Shrewsbury, MA as compared to 3 months ago:

note: A smilar report posted from 8.22.2010 remains available for comparison

• There are 197 Single Family Homes for sale in Shrewsbury today compared to 207 homes for sale 3 months ago.
• The 197 single family homes for sale have been on the market for an average of 166 days. 3 months ago the average was 136 days.
• The lowest list price for a single family home in Shrewsbury is $115,000. 3 months ago it was $147,423.
• The highest list price for a single family home in Shrewsbury is $2,250,000 and is the same house that was the highest price 3 months ago. It has been on the market for 336 days.
• The median price of the single family homes for sale in Shrewsbury is $458,000. 3 months ago it was $474,900.
• The average price of the single family homes for sale in Shrewsbury is $500,842. 3 Months ago it was $514,271
• Total ‘Market Volume' of homes for sale in Shrewsbury is $98,665,969. 3 Months ago it was $106,454,106

To see ALL single family homes for sale in Shrewsbury, you can follow this link.

You can see the FULL report on from which these figures from 9.8.2010 were taken.

My thoughts on these figures:

The number of homes for sale in Shrewsbury is beginning to decline, quite possibly a seasonal adjustment as many people choose to take their homes off the market during the fall and winter months.Having said that I have to take a closer look and found that just 17 days ago there were 202 homes for sale and during that 17 day period from 8.22.2010 to today, 20 homes sold in Shrewsbury. It was almost 9 Million Dollars worth of real estate closed in just 17 days!

It would appear that there are in fact, buyers out there.

Shrewsbury Real Estate News & Comment will build upon previous posts.

Using MLSPIN, the Mulitple Listing Service here in Worcester County, Massachusetts, I will continue to pull reports that proivde details about real estate transactions occuring in the local market. Although it is true that not all transactions are documented in MLSPIN, it will remain my primary source for information. I believe that comparing the results of these reports over time will give all of us a very clear idea of local real estate market trends in Shrewsbury.

Facts about Single Family Homes SOLD in Shrewsbury over the past 3 Months. (note that this report overlaps with a similar report posted 16 days ago)

• 87 Single Family homes sold in Shrewsbury
  • Up from 81 in the report from 8/22/2010.
• Those homes were on the market for an average of 128 days.
  • down very slightly from 129 days in the report from 8/22/2010.
• Average home sale price was $432,514
  
  • down slightly from $440,209 in the report from 8/22/2010.
• Highest home sale price was $887,535.
• Lowest home sale price was $70,000.
  • these last two numbers have not changed since the report from 8/22/2010.
• Median home sale price was $400,000
  • down slightly from $410,600 in the report from 8/22/2010.
• Toal Market Volume of Single Family Homes sold in Shrewsbury, MA over the past 3 Months is $37,628,707
  • UP from $35,656,969 in the report from 8/22/2010.

So we appear to have an increase in sales & volume and a decrease in price. Time will tell if this trend continues.