Hopkinton MA Real Estate Market Report October 2012

Hopkinton Massachusetts Real Estate Market October 2012

Hopkinton Real Estate Market Report


 

 

 

 

 

Hopkinton MA Real Estate Activity For October 2012 vs October 2011

In October of 2012 there were 16 homes that closed within the month for Hopkinton MA. This is an increase of 5 units, as there were 11 homes that closed October of 2011.

The Average list price for the homes that closed in Hopkinton for October of 2011 was $560,156

The Average list price for the homes that closed in Hopkinton for October of 2012 was $551,044

The Average sale price for the homes that closed in Hopkinton for October of 2011 was $537,421

The Average sale price for the homes that closed in Hopkinton for October of 2012 was $535,971

The Average Market time for the homes that closed in Hopkinton in October of 2011 was 119 days.

The Average Market time for the homes that closed in Hopkinton October of 2012 was 101 days.

Hopkinton MA Homes Under Contract For October 2012

15 homes went under agreement in Hopkinton Massachusetts in the month of October. The average list price of the homes that went under agreement was $721,860. The average time on the market for these homes were 115 days. There were a quite a few upper end properties that went under contract in October bringing the average sale price up. It was certainly a fantastic month for homes going under contract. The market has remained strong as we head into the Winter months.

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 64 homes on the market in Hopkinton MA. The average list price of these homes is $695,584. The average days on the market is 175.

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 have remained very low as we head into the Winter selling season. Closed sales in the month of October were very strong 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. October was an exceptional month for closed sales.

So far this year home sales in Hopkinton have been significantly better compared to last year at this same time. Through October of 2012 there have been 177 sales! In 2011 through October there were only 118. This is obviously excellent Real Estate news for those considering selling Real Estate in Hopkinton. By year end there will be no comparison between this year and last for Real Estate 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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