Kathleen Buckley

Springwood Estates is one of the largest subdivisions in Hopkinton and remains exceedingly popular due to its convenient location, lack of highway noise, and relatively level lots. The first homes in the neighborhood were built in the early 1990's on Gibbon Road and building continues to this day on Connelly Hill Road.

Proximity to the center of town and the schools, as well as major retail outlets ensure the ongoing popularity of Springwood.

Homes in Springwood over the past year have sold in the price range of $625,000-$1,180,000. The most recent home for sale in the neighborhood, 14 Smith Road, came on the market for $949,900 and is featured below:

Elegant & Gracious Home in Springwood Estates, Hopkinton

Overview Maps Photos Features Description Videos Neighborhood

$949,900 Single Family Home For Sale Main Features 4 Bedrooms 2 Bathrooms 2 Partial Bathrooms Interior: 5413 sqft Lot: 45,870 sqft Location 14 Smith Road Hopkinton, MA 01748

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Kathleen Buckley (508) 259-9411 kathleen@kathleenbuckley.com http://www.StarRealtyHopkinton.com Listed by: Star Realty Hopkinton

Our recent listings Elegant & Gracious Home in Springwood Estates, Hopkinton Ideal Home for Casual Entertaining Fantastic Retreat in the Woods of Hopkinton Subscribe to our listing feed

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Here are the details of the Springwood Estates properties (including Connelly Hill) sold over the past year:

Just released: the latest video discussing inventory trends and current events for late summer real estate market in Hopkinton, MA. Charts in the video are also included below for your reference.

Some of the raw data:

* 76 single-family homes on the market currently and of those 7 have accepted offers and remain as "active" only to seek back-up offers.
* Average DOM (days on market) is up to 117 from 108 in mid-June.
* The $500,000-$700,000 price range accounted for nearly half (10 out of 21) of the homes that went under agreement during the past month.

Below is the inventory trend chart shown in the video. The dark blue represents the number of homes in each price range this month, the gray bar line is the same number from one month ago, and the red line to the right in each price range indicates the number of homes which have gone under agreement since 8-15-09.

The $500,000-$700,000 price range is seeing the most activity including multi-offer situations.

Below is the chart showing inventory trends since January 2005. You can see that our inventory levels are relatively low.

For more detailed information about the homes for sale in particular or the Hopkinton housing market in general, don't hesitate to contact us at 508-275-9155 Star Realty Hopkinton

Just released: the latest video (it's long this month, about 9 minutes) discussing inventory trends and current events for summer real estate market in Hopkinton, MA. Charts in the video are also included below for your reference.

Some of the raw data:

* 78 single-family homes on the market currently and of those 13 have accepted offers and remain as "active" only to seek back-up offers.
* Average DOM (days on market) is up to 113 from 108 in mid-June.
* The $500,000-$700,000 price range accounted for nearly half (10 out of 21) of the homes that went under agreement during the past month.

Below is the inventory trend chart shown in the video. The dark blue represents the number of homes in each price range this month, the lighter blue line is the same number from one month ago, and the red line to the right in each price range indicates the number of homes which have gone under agreement since 6-15-09.

The $500,000-$700,000 price range is seeing the most activity including multi-offer situations.

Below is the chart showing inventory trends since January 2005. You can see that our inventory levels are relatively low.

For more detailed information about the homes for sale in particular or the Hopkinton housing market in general, don't hesitate to contact us at 508-275-9155 Star Realty Hopkinton

It comes as no surprise to those of us living here in Hopkinton, and now Money Magazine has put together a Top 100 List of best towns to live in the U.S.* Their criteria included affordability of housing, incomes, commute times, climate, job growth, and clean air ratings. In the words of Money magazine, "Yes, strong local economies still exist. These small towns have 'em - plus great schools, affordable homes, low crime, and much more."

Quality of education always plays a role in these rankings and Hopkinton has consistently performed very well on that score. See the links below for more details about Hopkinton's award winning school system, the financial stability and health of the town, and some of the natural beauty we so love about Hopkinton.

The MetroWest Daily News also picked up the story with quotes from Tim Kilduff from the Hopkinton Chamber of Commerce, Brian Herr, the Chair of the Board of Selectmen, and local real estate agents Bill Gassett and Katie McBride. The Worcester Telegram and Gazette also ran the story and quoted our Board of Selectman Chair Brian Herr: "Once we looked at the real estate & the schools, we were hooked (on Hopkinton),"

Once Again, Hopkinton High School Recognized for High Performance

Hopkinton High Schoolers "Advanced" on MCAS

Hopkinton State of the Town: May 2009

Hiking Trails of Hopkinton -- by Maureen Regan

Star Realty Hopkinton specializes in residential real estate sales in and around Hopkinton. Keep up with the latest local market reports at the Star Realty Blog. Hopkinton: it's where we live, where we work, and where we give back!

*CNNMoney's Best Places database of 1,800-plus U.S. cities includes towns with populations 8,500 to 50,000 with satisfactory education and crime scores, where income is below 200% of the state median, and that are no more than 95% white – as well as cities with populations 90,000 and up.

Click below to view the video (about 7 minutes) discussing sales volume for single-family homes in Hopkinton, MA for the first half of 2009. Slides in the video are also included below for your reference.

Some of the raw data:

* 55 single-family homes were sold in the first six months of the year, down from 63 at this same point in time last year.
* Average DOM (days on market) for those sales was 126, also down from 151 days last year.
* The median sale price was $445,000, down significantly from mid-2008 when it stood at $562,000.

Below is the History of Sales Volume slide shown in the video. We have fewer than half the sales of homes in the first six months of 2009 than we had during the same period in 2000.

Below is the slide presenting inventory supply at this point in 2009 as compared to last year at the end of June. Some experts define a market in balance as one with a six month supply of inventory. The nearly nine-month supply we currently have would be deemed a buyer's market.

In conclusion, sellers must be aware that the inventory supply will continue to exert downward pressure on prices.  Macro-economic conditions such as unemployment and mortgage rates are still uncertain, hence sellers should guard against the overconfidence that recent multi-offer situations may have encouraged. 

If you are considering buying or selling and are in need of expert advice in the Hopkinton real estate market, please contact us at Star Realty Hopkinton, 508-275-9155.