Hopkinton MA Real Estate Market Report January 2013

Hopkinton Massachusetts Real Estate Market January 2013

Hopkinton Real Estate Market Report


 

 

 

 

 

Hopkinton MA Real Estate Activity For January 2013 vs January 2012

In January of 2012 there were 12 homes that closed within the month for Hopkinton MA. This is the same amount units, as there were 12 homes that closed January of 2012.

The Average list price for the homes that closed  for January of 2012 was $569,350

The Average list price for the homes that closed  for January of 2013 was $502,008

The Average sale price for the homes that closed  for January of 2012 was $540,179

The Average sale price for the homes that closed  for January of 2013 was $487,191

The Average Market time for the homes that closed for January of 2012 was 144 days.

The Average Market time for the homes that closed for January of 2013 was 68 days.

Hopkinton MA Homes Under Contract For January 2013

8 homes went under agreement in Hopkinton Massachusetts in the month of January. The average list price of the homes that went under agreement was $503,700. The average time on the market for these homes were 105 days. The number of homes going under contract was decent considering we are in the slowest time period of the year. Additionally there is a very limited number of homes currently on the market. The real estate market however, has remained strong for this time of the year.

January 2010 – 2012 Final Year Real Estate Market Statistics For Hopkinton Massachusetts

In Hopkinton MA for the period of January to December of 2012 there were 203 properties sold.

In Hopkinton MA for the period of January to December of 2011 there were 147 properties sold.

In Hopkinton MA for the period of January to December 2010 there were 141 properties sold.

In Hopkinton MA for the period of January to December in 2012 the average list price was $574,394, the average sale price was $559,617, the average market time was 104 days.

In Hopkinton MA for the period of January to December in 2011 the average list price was $559,057, the average sale price was $544,990 and the average market time was 102 days.

In Hopkinton MA for the period of January to December in 2010 the average list price was $558,825 the average sale price was $541,061 and the average time on the market was 107 days.

Current January Hopkinton MA Inventory Levels

The are currently 49 homes on the market. The average list price of these homes is $714,590. The average days on the market is 220. Current inventory is incredibly low at the moment.
Hopkinton MA Real Estate Market Analysis

In 2012 the Hopkinton Real Estate market was very different than the previous two years. There was a substantial gain in the number of homes sold. Sales volume was up about 20% over each of the prior two years.  Homes priced properly went under contact in a 60-90 day window with the average time being around 4 months. The upper end of the market remained week with market value erosion still present. The lower end of the market (under 500k) was incredibly strong with values holding more steady and in some cases rising slightly.

Current home inventory levels are at the lowest they have been for as long as I can remember with under 50 homes for sale. Lower inventory is not all that unusual since we are in the Winter selling season with fewer properties coming on the market. There are almost always less homes as the market during this time as many wait to sell until we get closer to Spring. The inventory however, is exceptionally low compared to the norm. Closed sales in the month of December were also decent which has kept the home inventory on the low end. Lower inventory is always a good sign for those considering to sell their home.

Home sales in Hopkinton finished the year strong completely crushing the totals from last year. For 2012 there were 203 sales! In 2011 there were only 147. This is obviously a substantial difference in the amount of sales.

The above statistics are for single family homes only and do not include condominiums and multi family properties.

Search Hopkinton MA Homes For Sale here.

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About Bill Gassett

Bill Gassett is a nationally recognized Real Estate leader who has been helping people move in and out of the Metrowest Massachusetts area for the past twenty seven plus years. He has been one of the top RE/MAX Realtors in New England for the past decade. In 2013 he was the #1 RE/MAX agent in Massachusetts. Connect with him on

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Massachusetts Real Estate exposure is a marketing site designed to give Massachusetts home seller’s a dominant online presence. Massachusetts Real Estate Exposure is owned and operated by RE/MAX Realtor Bill Gassett, who covers the Metrowest Massachusetts area and beyond including Ashland, Bellingham, Blackstone, Framingham, Franklin, Grafton, Holliston,, Hopkinton, Hopedale, Medway, Mendon, Milford, Millbury, Millville, Northborough, Northbridge , Shrewsbury, Southborough, Sutton, Wayland, Westborough, Worcester, Upton and Uxbridge MA. Bill Gassett was the #1 RE/MAX Realtor in all of Massachusetts in 2013.