Kathleen Buckley

Click below to view the video (about 8 minutes) discussing inventory trends in this spring market for Hopkinton, MA.  Charts in the video are also included below for your reference.

Some of the raw data: 

• 74 single-family homes on the market currently and of those 4 have accepted offers and remain as "active" only to seek back-up offers. 
  
• Average DOM (days on market) is down this month to 107 from 135 in mid-March.  This is simply reflective of new inventory.
  
• The price ranges below $500,000 are seeing the most activity.

Below is the inventory trend chart shown in the video.  Since my legend does not appear (ahem) the dark blue line on top is 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 on the bottom is the number which have gone under agreement since 3-15-09.

How proud the parents must have been to watch their daughter, now a young lady poised and confident, stand and greet the audience she'd assembled. Hopkinton High-schooler Maureen Regan welcomed us to the première of her short film Hiking Trails of Hopkinton at the High School auditorium on Thursday, April 2, her passion and authenticity were self-evident.

In this film which Regan produced and directed, the natural beauty of Hopkinton is highlighted, as is the type of citizen the town is capable of forming. Both contribute to the draw of Hopkinton as a place to live, recreate, educate children, and raise a family.

Congratulations Maureen on an informative and inspiring film about some of Hopkinton's best kept secrets!

Click below to view the video (about 7 minutes) discussing inventory trends in this early spring market for Hopkinton, MA. Charts in the video are also included below for your reference.

Some of the raw data:

• just 59 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 down this month to 135 from 149 in mid-February.
  
• Ten homes have gone under agreement in the past month which is quite a nice activity level.

Below is the inventory trend chart shown in the video. Since my legend does not appear (ahem) the dark blue line on top is 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 on the bottom is the number which have gone under agreement since 2-14-09.

Below is the chart showing inventory trends since January 2005. The "J A J O" along the bottom stand for "January, April, July, & October" of each year. You can see that our inventory levels are low.

This is an overview snapshot. If you're considering buying or selling a home in Hopkinton, MA this spring, we'd be delighted to provide you with an in-depth analysis of the specific price range you are targeting to help you achieve your objectives.

For an introductory video to the town of Hopkinton, please visit our website STAR REALTY Hopkinton. Or for a personal tour of the town, feel free to contact us at 508-275-9155.

Seems like a natural fit for Hopkinton's Homegrown Real Estate Brokerage Firm to sponsor Hopkinton Community Television. Supporting a variety of local causes has been an explicit company goal since 2004.

Free of excessive overhead and franchise fees of larger and national brokerage firms, we are delighted to share the rewards of our success right here with and within the community we serve. HCAM Rocks!

Overall inventory trends are still somewhat favorable to sellers with just 53 homes to choose from in Hopkinton as of mid-February. In fact, the number is just 50 if we exclude the homes still appearing as active but which have in fact accepted offers. Video is embedded and the graphs within the video are available below.

Days on market has gone down a touch to an average of 149 days this month whereas last month our average was 166. The price range we are watching closely is the $600,000-$700,000 range since we've picked up a net of 2 houses there will more inventory to come.

Although inventory may be favorable to sellers, reticence and outright fear on the part of prospective buyers is not. Nevertheless, in a supply and demand business, restricted supply should result in price stability at a minimum.

These levels are historically low as you can see from the History of Inventory Chart back to January 2005 below.

Buyer Activity is strong and all these being equal this should be a time for price stability in Hopkinton. For a more detailed analysis of your buying or selling situation, please contact us at 508-275-9155.