Westboro MA Real Estate Market Report October 2012

Westboro Massachusetts Real Estate Market October 2012

Westboro MA Real Estate

 

 

 

 

 

Westboro MA Real Estate Activity For October 2012 vs October 2011

In October of 2012 there were 8 homes that closed within the month for Westborough. This is a decrease of 3 units, as there were 11 homes that closed in October of 2011.

The Average list price for the homes that closed in Westboro for October of 2011 was $444,318

The Average list price for the homes that closed in Westboro for October of 2012 was $404,063

The Average sale price for the homes that closed in Westboro for October of 2011 was $428,114

The Average sale price for the homes that closed in Westboro for October of 2012 was $393,113

The Average Market time for the homes that closed in Westboro for October of 2011 was 104 days.

The Average Market time for the homes that closed in Westboro for October of 2012 was 57 days.

Westboro MA Homes Under Contract For September 2012

6 homes went under agreement in Westboro Massachusetts in the month of October. The average list price of the homes that went under agreement was $369,893. The average time on the market for these homes were 154 days. This would be considered a below average month with only 6 homes 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 73 homes on the market in Westboro MA. The average list price of these homes is $532,305. The average days on the market is 134.

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 risen slightly as we head out of the Fall selling season and into the Winter selling season. The amount of homes coming on the market has only been slightly more than 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 October was below average with six closed sales. Last year there were 11 sales in the month of October.

Year to date through October, Westboro has performed very well as compared to last year. Through October there have been 138 closed sales. At the same point in time last year there were only 125 sales. That is obviously a healthy 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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Comments

    • says

      Deb I have found that this type of Real Estate report format is very easy for buyer’s and seller’s to grasp. It also keeps me well educated each month to see what is going on in the respective towns that I cover.

  1. says

    Knowing what’s going on in your market not only helps buyers and sellers but you, like you said, know your market better to help people now and in the future. Great report.

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