Westborough Massachusetts Real Estate Market April 2015
Do you want to see what has gone on in the Westborough Real Estate market for April, along with year over year comparisons? Take a look below for complete details on the Westborough Real Estate scene. While you are here make sure you see the guide to Westborough Mass, to learn why Westborough is a popular choice with home buyers, including information on town history, schools, demographics and more.
Real Estate Activity For April 2015 vs April 2014
In April of 2015 there were 9 homes that closed within the month for Westborough MA Real Estate. This is an increase of 1 unit, as there were 8 homes that closed in April of 2014.
The average list price for the homes that closed in April of 2014 was $577,525
The average list price for the homes that closed in April of 2015 was $414,056
The average sale price for the homes that closed in April of 2014 was $566,100
The average sale price for the homes that closed in April of 2015 was $409,656
The average market time for the homes that closed in April of 2014 was 118 days.
The average market time for the homes that closed in April of 2015 was 131 days.
Homes Under Contract For April 2015
15 homes went under agreement in the month of April. The average list price of the homes that went under agreement was $552,867. The average time on the market for these homes were 52 days. With 15 homes going under contract, April was an excellent month for pending sales activity.
January 2012 – 2014 Final Year Real Estate Market Statistics For Westborough Massachusetts
For the period of January to December of 2014 there were 176 properties sold.
For the period of January to December of 2013 there were 168 properties sold.
For the period of January to December of 2012 there were 154 properties sold.
For the period of January to December in 2014 the average list price was $487,079 the average sale price was $469,039 the average market time was 85 days.
For the period of January to December in 2013 the average list price was $463,787 the average sale price was $456,715 the average market time was 85 days.
For the period of January to December in 2012 the average list price was $448,406 the average sale price was $431,969, and the average market time was 124 days.
Current April 2015 Homes For Sale Inventory Levels
The are currently 50 homes on the market. The average list price of these homes is $704,184. The average days on the market is 69. Inventory increased from last month by a substantial margin with an increase of 24 news properties available! This is the second consecutive month inventory has gone up. There were an incredibly low number of homes available but now there is at least some selection for a buyer.
Westborough MA Real Estate Market Analysis
Current real estate analysis
Inventory of homes available for purchase has risen by quite a bit over the last month. This does not come as any surprise as now is the time of year when we see inventory levels grow. The winter pushed off the time sellers usually list for sale due to the brutal winter. Moving forward there should be quite a few homes hitting the market.
In certain pockets of the market where inventory is low sellers are still in the drivers seat. Generally homes in the 300,000 to $600,000 price points move very quickly if priced appropriately.
The month of April was fair with nine sales. This was up slightly from last year when there were eight sales. Pending sales however had a nice jump with fifteen homes going under contract. The next few months of the year should be excellent for sale. Buyers locating a home they like should be prepared to move quickly as there will be competition.
2014 sales vs 2013 Sales
Westborough finished 2014 with 176 sales. This is an increase from 2013 when there were 168 sales. Westborough is one of the few towns in the area that finished the year with more sales than last.
The above Westborough Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.
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