Westboro MA Real Estate Market Report July 2012

Westboro Massachusetts Real Estate Market July 2012

Westboro MA Real Estate

 

 

 

 

 

Westboro MA Real Estate Activity For July 2012 vs July 2011

In July of 2012 there were 22 homes that closed within the month for Westboro. This is an increase of 6 units, as there were 16 homes that closed in July of 2011.

The Average list price for the homes that closed in Westboro for July of 2011 was $456,025

The Average list price for the homes that closed in Westboro for July of 2012 was $473,586

The Average sale price for the homes that closed in Westboro for July of 2011 was $444,275

The Average sale price for the homes that closed in Westboro for July of 2012 was $463,976

The Average Market time for the homes that closed in Westboro for July of 2011 was 55 days.

The Average Market time for the homes that closed in Westboro for July of 2012 was 103 days.

Westboro MA Homes Under Contract For July 2012

5 homes went under agreement in Westboro Massachusetts in the month of July. The average list price of the homes that went under agreement was $580,780. The average time on the market for these Westboro homes were 125 days. Westboro had an off month with only five 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 75 homes on the market in Westboro MA. The average list price of the Westboro homes is $535,695. The average days on the market is 114.

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 into the latter portion of the Summer selling season. 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 July was an excellent one for Westboro with more sales than at the same time last year.

Year to date through July Westboro has performed very well as compared to last year. Through July Westboro has had 99 closed sales. At the same point in time last year there were only 78 sales! That is 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.

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