Hopkinton MA Real Estate Market Report November 2015

Hopkinton Massachusetts Real Estate Market November 2015

Do you want to see what has happened in the Hopkinton Real Estate market for the month of November along with year over year comparisons? Below you will see a comprehensive overview of the market in town for the past month, as well as year over year results. While you are checking out the Hopkinton Real Estate report have a look at my real estate agents overview to Hopkinton MA, where you will see why the town is a popular choice of many home buyers relocating into the Metrowest area!

Hopkinton MA Real Estate

 

 

 

 

 

 

Real Estate Activity For November 2015 vs November 2014

In November of 2015 there were 12 homes that closed within the month for Hopkinton MA Real Estate. This is a decrease of 3 units, as there were 15 homes that closed November of 2014.

The average list price for the homes that closed for November of 2014 was $629,567

The average list price for the homes that closed for November of 2015 was $626,217

The average sale price for the homes that closed for November of 2014 was $592,860

The average sale price for the homes that closed for November of 2015 was $633,486

The average market time for the homes that closed for November of 2014 was 57 days.

The average market time for the homes that closed for November of 2015 was 64 days.

Homes Under Contract For November 2015

12 homes went under agreement in Hopkinton Massachusetts in the month of November. The average list price of the homes that went under agreement was $675,774. The average time on the market for these homes were 110 days. The number of homes going under contract for November was decent for this time of year.

January 2012 – 2014 Final Year Real Estate Market Statistics For Hopkinton MA

For the period of January to December 2014 there were 207 properties sold.

For the period of January to December of 2013 there were 185 properties sold.

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

For the period of January to December in 2014 the average list price was $608,243, the average sale price was $596,163, the average market time was 77 days.

For the period of January to December in 2013 the average list price was $571,477, the average sale price was $562,153, the average market time was 78 days.

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

Current November Homes For Sale Inventory Levels

The are currently 55 homes on the market which is 12 less homes available for purchase from last month when there were 67 homes for sale. The average list price of these homes is $814,949. The average days on the market is 198. The last two months inventory has come down by quite a few homes!

Hopkinton MA Real Estate Market Analysis

Real Estate analysis so far in 2015

The real estate market in Hopkinton has been remarkably consistent as we head into the final stretch of the year. Sales have remained strong from month to month other than the very beginning of the year which was hampered by difficult weather conditions. Appreciation has not been dramatic – market values are up marginally from last year.

Year to date sales are trailing last year by a small margin. We have now entered a period of time where sales will generally not be that brisk.  The amount of transactions for the last couple of months will probably not be substantially different than last year so I expect sales figures to be very similar year over year.

November was an average month with 12 sales. It was down from last November when there were fifteen sales. Pending sales were also similar with 12 homes going under contract.

Inventory of homes for sale has been trending sideways the last few months with inventory of homes for sale ranging from the low 70’s to low 80’s. This month however there was a big reduction in the number of homes for sale. Moving forward inventory will probably to continue to trend downward.

2015 Sales Data to Date

So far in 2015 through November there have been 190 sales. At this same point in time last year there were 105 sales. Sales have been remarkably similar to last year so far.

Hopkinton ended 2014 with 207 single family homes being sold. In 2013 there were 185 so Hopkinton had an exceptional year for real estate sales.

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

Search Hopkinton Mass Homes For Sale here.

Related Articles

See what took place in the Hopkinton real estate market for October 2015.

Have a look at Real Estate transactions in Hopkinton for the previous month.

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