Westboro MA Real Estate Market Report August 2012

Westboro Massachusetts Real Estate Market August 2012

Westboro MA Real Estate

 

 

 

 

 

Westboro MA Real Estate Activity For August 2012 vs August 2011

In August of 2012 there were 21 homes that closed within the month for Westborough. This is the same amount of units, as there were 21 homes that closed in August of 2011.

The Average list price for the homes that closed in Westboro for August of 2011 was $501,522

The Average list price for the homes that closed in Westboro for August of 2012 was $490,581

The Average sale price for the homes that closed in Westboro for August of 2011 was $486,062

The Average sale price for the homes that closed in Westboro for August of 2012 was $471,512

The Average Market time for the homes that closed in Westboro for August of 2011 was 81 days.

The Average Market time for the homes that closed in Westboro for August of 2012 was 105 days.

Westboro MA Homes Under Contract For August 2012

8 homes went under agreement in Westboro Massachusetts in the month of August. The average list price of the homes that went under agreement was $443,463. The average time on the market for these homes were 132 days. Westboro had an average month with 8 properties going under contract.

January 2009 – 2011 Final Year Real Estate Market Statistics For Westboro Massachusetts

In Westboro MA for the period of January to December of 2011 there were 140 properties sold.

In Westboro MA for the period of January to December of 2010 there were 149 properties sold.

In Westboro MA for the period of January to December 2009 there were 172 properties sold.

In Westboro MA for the period of January to December in 2011 the average list price was $469,826 the average sale price was $452,843 the average market time was 101 days.

In Westboro MA for the period of January to December in 2010 the average list price was $476,256 the average sale price was $453,802, and the average market time was 120 days.

In Westboro MA for the period of January to December in 2009 the average list price was $465,326 the average sale price was $443,595 and the average time on the market was 125 days.

Current Westboro MA Inventory Levels

The are currently 70 homes on the market in Westboro MA. The average list price of these homes is $541,418. The average days on the market is 118.

Westboro MA Real Estate Market Analysis

In 2011 the Westboro Real Estate market had an decrease in the amount of homes sold as compared to 2010 although by a very small amount. Homes priced properly generally moved in a reasonable amount of time. There was still a downward trend in Real Estate values through out the year but the weakness occurred mostly in the upper end of the market (over 600k). The average days on market decreased from the previous two years. The lower end of the market (under 400k) remained strong with values holding firmer than in the upper ends of the Westboro market.

Current home inventory levels have remained low for Westboro as we head out of the Summer selling season and into the Fall market. The amount of homes coming on the market has been pretty much inline with homes closing. Lower inventory is always a good sign for those considering to sell their home as supply and demand is always a factor with Real Estate values. The month of August was an excellent one for Westboro with a very health amount of sales.

Year to date through August, Westboro has performed very well as compared to last year. Through August Westboro has had 120 closed sales. At the same point in time last year there were only 99 sales! That is obviously quite a big difference.

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

Click the link to see all Westboro MA Homes For Sale.

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