Monday Morning Market Watch for Medway – 29 June 2009

By
Real Estate Agent with Fieldstone Historic Research

Currently there are 78 single family homes on the market in Medway.  The houses have an average list price of $456,000 and an average market time of 170 days.  There are 18 properties available for $300,000 or less. On the upper end of the scale, there are 4 properties listing for $800,000 or more. 

There were 5 new properties that came on the market this week.  They range in value from $319,000 to $534,900 and they are found on Holliston Street (2 homes), Dean Street, Fisher Terrace and Cedar Farm Road.

One single family home went under agreement in the last week. It was a 3 bedroom ranch on Summer Street.  Two other homes were flagged to go under agreement soon.

Five single family homes sold in the past week in Medway.  One was a ranch on Holliston Street that sold for $320,000.  That house was only on the market 7 days and sold at full asking price.  Another was a colonial on Spruce Road that sold for $422,000.  Next was a colonial on Temple Street that sold for $460,000. Another was a colonial on Kings Lane that sold for $490,000. The last was a colonial on Broken Tree Road that sold for $800,000.  That too was only on the market a brief time and sold at full asking price.

There are currently 9 condos on the market, four of which are new construction at Pine Ridge Drive.  The condo average list price is $336,756 with an average price per square foot of $1,650.  Average time on market is 210 days.  No new condos came on the market in the past week.   One condo sold - a townhouse on Pine Ridge Drive which went for $400,000.

There are three multi-families on the market in Medway. Average list price for multi-families is $312,633 with an average time on market of 203 days.

Marian Pierre-Louis
Realtor
Prudential Page Realty
(508) 254-3417

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