Westborough Massachusetts Real Estate Market August 2015
Do you want to see what has gone on in the Westborough Real Estate market for July, 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 my real estate agents guide to Westborough MA, to learn why Westborough is a popular choice with home buyers, including information on town history, schools, demographics and more.
Real Estate Activity For August 2015 vs August 2014
In August of 2015 there were 30 homes that closed within the month for Westborough MA Real Estate. This is an increase of 11 units, as there were 19 homes that closed in August of 2014.
The average list price for the homes that closed in August of 2014 was $542,474
The average list price for the homes that closed in August of 2015 was $522,693
The average sale price for the homes that closed in August of 2014 was $527,468
The average sale price for the homes that closed in August of 2015 was $513,133
The average market time for the homes that closed in August of 2014 was 56 days.
The average market time for the homes that closed in August of 2015 was 60 days.
Homes Under Contract For August 2015
15 homes went under agreement in the month of August. The average list price of the homes that went under agreement was $432,728. The average time on the market for these homes were 53 days. With 15 homes going under contract, August was an very good 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 August 2015 Homes For Sale Inventory Levels
The are currently 60 homes on the market. The average list price of these homes is $629,580. The average days on the market is 101. Inventory decreased last month by an additional 6 homes for sale. Inventory has been on the decline for the last three months.
Westborough MA Real Estate Market Analysis
Current real estate analysis
Inventory has been dropping over the last few months which is a complete reversal from the beginning of the year. This is not all that much of a surprise as a number of homes enter the market during the spring selling season. Inventory has now drifted downward such that there is not a ton of property for buyers to see in most price ranges.
The market has been solid with sales through the summer months being excellent. Westborough has now caught up to the pace set last year for homes sales with nearly identical numbers year to date. Sales moving forward should be decent but not spectacular due to seasonality changes.
The month of August was exceptional with thirty sales. This was up by quite a few sales from last year when there were nineteen. Pending sales were also good with 15 properties going under contract.
Year to date there have been 121 sales. At this same point in time last year there were 120 sales.
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.
See all Westborough MA homes for sale where you can get direct access to the MLS.
See real estate transactions for the previous month in the link above.