Westboro Massachusetts Real Estate Market February 2013
Westboro MA Real Estate Activity For February 2013 vs February 2012
In February of 2013 there were 4 homes that closed within the month for Westborough MA Real Estate. This is an increase of 1 unit1, as there were 3 homes that closed in February of 2012.
The Average list price for the homes that closed in February of 2012 was $154,267
The Average list price for the homes that closed in February of 2013 was $446,200
The Average sale price for the homes that closed in February of 2012 was $148,600
The Average sale price for the homes that closed in February of 2013 was $431,500
The Average Market time for the homes that closed in February of 2012 was 236 days.
The Average Market time for the homes that closed in February of 2013 was 70 days.
Homes Under Contract For February 2013
11 homes went under agreement in the month of February. The average list price of the homes that went under agreement was $434,009. The average time on the market for these homes were 112 days. With 11 homes going under contract, this was an exceptional month for pending sales. Homes are selling as fast as they hit the market right now with such low inventory.
January 2010 – 2012 Final Year Real Estate Market Statistics For Westboro Massachusetts
In Westboro MA for the period of January to December of 2012 there were 154 properties sold.
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 2010 there were 149 properties sold.
In Westboro MA for the period of January to December in 2012 the average list price was $448,406 the average sale price was $431,969 the average market time was 124 days.
In Westboro MA for the period of January to December in 2011 the average list price was $469,826 the average sale price was $452,803, and 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 time on the market was 120 days.
Current January 2013 Homes For Sale Inventory Levels
The are currently 48 homes on the market in Westboro MA. The average list price of these homes is $552,742. The average days on the market is 168.
Westboro MA Real Estate Market Analysis
In 2012 the Westboro Real Estate market had an increase in the amount of homes sold as compared to 2011 although by a much smaller margin than some of the other towns in the immediate area. This is kind of surprising as Westborough is generally ahead of the curve comparably speaking. Homes priced properly generally moved in a reasonable amount of time but the average days on market were up slightly from the previous year. 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 lower end of the market (under 400k) remained strong with values holding firmer than the more expensive homes in town.
Current home inventory levels started to drop towards the latter half of last year and have remained very low as we head into March. In fact I can not remember the last time there were less than 50 homes for sale in town. The amount of homes entering the market has been less than homes closing which tends to be common for this time of year. The end of 2012 was very strong and with the Spring selling season not started just yet inventory has remained tight. 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 February was well below average with four closed sales. The biggest reason for the low sales volume does not have much to do with anything other than there not being many homes for sale.
Total Westboro real estate sales for 2012 were better than they were in 2011. In 2012 there were a total of 154 closings. In 2011 there were 140 sales. This is about a 10 percent increase over last year. Interestingly enough this was on the lower end of total sales increases when compared to other surrounding towns.
Year to date there have been 10 home sales. At this same point in time last year there were 11 sales.
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.