Hopkinton MA Real Estate Market Report June 2013

Hopkinton Massachusetts Real Estate Market June 2013

See what has gone on in the Hopkinton Real Estate market for the past month along with year over year comparisons. Learn why buying real estate in Hopkinton is a popular choice of many home buyers relocating into the Metrowest area.

Hopkinton MA Real Estate

 

 

 

 

 

 

Hopkinton MA Real Estate Activity For June 2013 vs June 2012

In June of 2012 there were 25 homes that closed within the month for Hopkinton MA Real Estate. This is a decrease of 6 units, as there were 31 homes that closed June of 2012.

The Average list price for the homes that closed for June of 2012 was $524,161

The Average list price for the homes that closed for June of 2013 was $633,648

The Average sale price for the homes that closed for June of 2012 was $512,200

The Average sale price for the homes that closed for June of 2013 was $625,854

The Average Market time for the homes that closed for June of 2012 was 69 days.

The Average Market time for the homes that closed for June of 2013 was 81 days.

Homes Under Contract For June 2013

23 homes went under agreement in Hopkinton Massachusetts in the month of June. The average list price of the homes that went under agreement was $612,331. The average time on the market for these homes were 35 days. The number of homes going under contract was very good for June as the market continues to chug along. There remains a record low amount of homes currently on the market.

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

For the period of January to December of 2012 there were 203 properties sold.

For the period of January to December of 2011 there were 147 properties sold.

For the period of January to December 2010 there were 141 properties sold.

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.

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.

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 June Homes For Sale Inventory Levels

The are currently 47 homes on the market which is a slight rise of four homes from last month. The average list price of these homes is $703,949. The average days on the market is 214. Current inventory is hovering near the lowest point year to date. Average days on the market is being inflated quite a bit by new construction “to be built homes.”

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 have remained very low for many months and are trending at the lowest level they have been in years. Inventory has remained low even though we just came out of the time of year where typically more homes for sale enter the market. Homes for sale in Hopkinton are going under contract as quickly as they hit the market. In fact over the last month numerous homes have sold in under a week with multiple offers and sales prices in many cases being over asking! The exceptionally low inventory is driving the market at the moment.

Lower inventory is always a good sign for those considering to sell their home.  There is no question that this year the real estate market has taken a sudden turn for the better with market values increasing quite a bit.

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.

So far year to date there have been 82 closed sales which is seven less than last year at this time.

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

Search Hopkinton Massachusetts Homes For Sale here.

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