Northbridge MA Real Estate Market Report February 2013

Northbridge Massachusetts Real Estate Report February 2013

Northbridge MA Real Estate

 

 

 

 

 Northbridge Real Estate Activity For February 2013 vs February 2012

In February of 2013 there were 9 homes that closed within the month for Northbridge MA Real Estate. This is an increase of 5 units, as there were 4 homes that closed in February of 2012.

The Average list price for the homes that closed in February of 2012 was $379,900

The Average list price for the homes that closed in February of 2013 was $247,752

The Average sale price for the homes that closed in February of 2012 was $369,500

The Average sale price for the homes that closed in February of 2013 was $254,519

The Average Market time for the homes that closed in February of 2012 was 134 days.

The Average Market time for the homes that closed in February of 2013 was 167 days.

Homes Under Contract For February 2013

13 homes went under agreement in the month of February. The average list price of the homes that went under agreement was $355,508. The average time on the market for these homes were 125 days. February was an exceptional month for homes going under contract. February is traditionally a much slower month for home sales however, thirteen sales is fabulous for this time of year.

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

In Northbridge MA for the period of January to December of 2012 there were 120 properties sold.

In Northbridge MA for the period of January to December of 2011 there were 89 properties sold.

In Northbridge MA for the period of January to December 2010 there were 90 properties sold.

In Northbridge MA for the period of January to December in 2012 the average list price was $299,841 the average sale price was $286,407 the average market time was 127 days.

In Northbridge MA for the period of January to December in 2011 the average list price was $270,662 the average sale price was $260,852 and the average market time was 169 days.

In Northbridge MA for the period of January to December in 2010 the average list price was $292,115 the average sale price was $281,847 and the average time on the market was 120 days.

Current February 2013 Home For Sale Inventory Levels

The are currently 65 homes on the market in Northbridge MA. The average list price of these homes is $353,382. The average days on the market is 289.

Northbridge MA Real Estate Market Analysis

In 2012 the Northbridge Real Estate market had a decent increase in the amount of homes sold as compared to 2011. In fact there was over a 20 percent jump in the amount of sales. Homes took a bit longer to sell in Northbridge compared to some of the other surrounding area towns going East. There was still a downward trend in Real Estate values through out the year the first half of the year but the weakness occurred mostly in the upper end of the market (over 400k). The average days on market decreased substantially from the previous year. Homes under 300k tended to move a lot quicker than higher priced property.

Current home inventory levels have remained low as we have moved from the end of 2012 and into the first few months of 2013. In fact inventory levels are down across the board in all area towns. Lower inventory is a good sign for those considering to sell their home as supply and demand is always a factor with Real Estate values.

The second half of 2012 was quite a bit stronger for The Northbridge Real Estate market than the beginning of the year. Home sales were lagging for the better part of the year but the volume of sales improved quite a bit over the last few months of the year.

For 2012 there were 120 real estate sales. For 2011 there were only 89 sales. This obviously a very healthy gain in sales volume for the year. All signs point to the fact we may be near a market bottom.

So far in 2013 there have been 15 home sales. In 2012 at this same point in time last year there were 7 sales.

The above Northbridge Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

Click the link to see all Northbridge MA homes for sale.

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