Hopkinton MA Real Estate Market Report November 2012

Hopkinton Massachusetts Real Estate Market November 2012

Hopkinton Real Estate Market Report


 

 

 

 

 

Hopkinton MA Real Estate Activity For November 2012 vs November 2011

In November of 2012 there were 13 homes that closed within the month for Hopkinton MA. This is a decrease of 2 units, as there were 15 homes that closed November of 2011.

The Average list price for the homes that closed in Hopkinton for November of 2011 was $569,480

The Average list price for the homes that closed in Hopkinton for November of 2012 was $647,231

The Average sale price for the homes that closed in Hopkinton for November of 2011 was $552,267

The Average sale price for the homes that closed in Hopkinton for November of 2012 was $632,564

The Average Market time for the homes that closed in Hopkinton in November of 2011 was 88 days.

The Average Market time for the homes that closed in Hopkinton November of 2012 was 130 days.

Hopkinton MA Homes Under Contract For November 2012

6 homes went under agreement in Hopkinton Massachusetts in the month of November. The average list price of the homes that went under agreement was $689,750. The average time on the market for these homes were 139 days. The number of homes going under contract was done quite a bit as we have headed into a customarily slower time 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 2009 – 2011 Final Year Real Estate Market Statistics For Hopkinton Massachusetts

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 of 2010 there were 141 properties sold.

In Hopkinton MA for the period of January to December 2009 there were 150 properties sold.

In Hopkinton MA for the period of January to December in 2011 the average list price was $559,057, the average sale price was $559,057, 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 market time was 107 days.

In Hopkinton MA for the period of January to December in 2009 the average list price was $528,945, the average sale price was $511,107 and the average time on the market was 114 days.

Current Hopkinton MA Inventory Levels

The are currently 59 homes on the market in Hopkinton MA. The average list price of these homes is $652,588. The average days on the market is 196.

Hopkinton MA Real Estate Market Analysis

In 2011 the Hopkinton Real Estate market remained remarkable similar statistically to the previous two years. Homes priced properly generally moved in a reasonable amount of time. The upper end of the market remained week with market value erosion still present. The lower end of the market (under 500k) remained much stronger with values holding more steady. As we have headed toward the fourth quarter of 2012 Real Estate values across the board have remained far more stable this year.

Current home inventory levels are as low as they have been all year. This is not all that unusual given the fact we have entered into the Winter selling season. There are almost always less homes as the market during this time as many wait until Spring.  Closed sales in the month of November were also decent which has continued to keep the home inventory on the low end. Lower inventory is always a good sign for those considering to sell their home.

So far this year home sales in Hopkinton have been significantly better compared to last year at this same time. Through November of 2012 there have been 190 sales! In 2011 through November there were only 133. This is obviously excellent Real Estate news for those considering selling a home in town. By year end there will be no comparison between this year and last for Real Estate sales volume.

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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