Mendon Real Estate Market Report December 2009

By
Real Estate Agent with RE/MAX Executive Realty 91362

                       Mendon Massachusetts Real Estate Market Report for December 2009

Mendon Mass Real Estate report

 

 

 

 

 

 

 

 

 

In December of 2009 there were 2 homes that closed within the month for Mendon Massachusetts. This is a decrease of 1 units as there were 3 homes that closed in December of 2008.

The Average list price for the homes that closed in Mendon for December of 2008 was $239,900

The Average list price for the homes that closed in Mendon for December of 2009 was $392,000

The Average sale price for the homes that closed in Mendon for December of 2008 was $208,667

The Average sale price for the homes that closed in Mendon for December of 2009 was $379,500

The Average Market time for the homes that closed in Mendon in December of 2008 was 115 days.

The Average Market time for the homes that closed in Mendon December of 2009 was 113 days.

 

2 homes went under agreement in Mendon Massachusetts in the month of December. The average list price of the homes that went under agreement was $357,400. The average time on the market was 295 days.

 

                 January - December 2008 & 2009 Market Statistics for Mendon Massachusetts

 

In Mendon MA for the period of January to December of 2008 there were 37 properties sold.

In Mendon MA for the period of January to December 2009 there were 33 properties sold.

In Mendon MA for the period of January to December in 2008 the average list price was $416,676 the average sale price was $403,086 and the average market time was 211 days.

In Mendon MA for the period of January to December in 2009 the average list price was $363,512 the average sale price was $349,355 and the average time on the market was 140 days.

** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Mendon MA.

In comparing year over year longer term data for Mendon Massachusetts there was a similiar amount of homes sold as compared to 2008. These numbers were weak as compared to previous years. The average sales price of homes also continued downward. There was however, a pretty substantial drop in the average days on the market for a home on the market in Mendon. This is a positive sign going forward. Mendon remains a good town for those seeking a moderately inexpensive home just outside of the more expensive Metrowest area.

 

** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Mendon Massachusetts.

 

Click here for previous months Real Estate Market reports for Mendon MA

 

Markets report for Hopkinton

Market reports for Holliston

Market reports for Milford

Market reports for Southboro

Market reports for Upton

Market reports for Ashland

Market reports for Hopedale

                                                                                                                                                       Real Estate interview questions

 

When selling a home in Mendon Massachusetts, it pays to have a pro in your corner representing you. Here are some Real Estate interview questions to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!

** Almost 90% of all buyers are finding their homes on the Internet. See where I advertise on-line to give my clients a dominant internet presence at Mendon Massachusetts Real Estate marketing. **

 

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About the author: The above Mendon Massachusetts Real Estate Market report was provided by BillRE/MAX Executive Realty Mendon Mass Real Estate Gassett, a Nationally recognized leader in his field. Bill can be reached via email at billgassett@remaxexec.com or by phone at 508-435-5356. Bill has helped people move in and out of Mendon MA and other Metrowest towns for the last 24+ Years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

For Massachusetts and Mendon MA Real Estate and homes see Mendon Real Estate Want to have MLS access to beat other buyers to your dream home? Sign up with no obligation at my MLS Property Finder Site.

I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, Douglas, and Framingham MA.

Click here to view Bill Gassett's Real Estate profile.

 

 

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Show All Comments
Ambassador
1,472,389
Karen Kruschka
RE/MAX Real Estate Connections - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Bill The days on the market dropping is a good sign this market area may be moving in a positive direction

Jan 13, 2010 08:35 AM #1
Rainmaker
526,158
Shirley Parks
Sands Realty 210-414-0966 - San Antonio, TX
Broker, 210-414-0966, San Antonio TX Homes

Hi Bill, I will admit that I am totally envious of your excellent market reports!

Jan 13, 2010 11:22 AM #2
Rainmaker
897,331
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

These are great reports, Bill and consistent.  I have started to do my own.  Let's hope I can keep it up like you.

Jan 13, 2010 07:29 PM #3
Rainmaker
605,846
Teri Eckholm
REMAX Results - White Bear Lake, MN
Acreage & Lakeshore REALTOR Minneapolis St Paul

Bill--Good info on Mendon for all the buyers and sellers in your area! You really know the neighborhood!

Jan 13, 2010 09:31 PM #4
Rainmaker
409,653
LLoyd Nichols
Premier Florida Realty of SWFL - Fort Myers, FL
SW Florida Homes

Bill: great format and info about Mendon. The appreciation within a year is impressive.

Jan 13, 2010 11:10 PM #5
Rainmaker
82,617
Randall Sandin
Carolina One Real Estate - Charleston, SC
843-209-9667 - Search for Charleston SC Real Estate

great reports as always Bill - hoep business is going yoru way up there

Jan 14, 2010 04:55 AM #6
Rainmaker
910,668
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Thanks everyone for all your comments on my Mendon Real Estate report. Going forward into 2010 the local Real Estate markets have been showing improvement.

Jan 14, 2010 06:33 AM #7
Ambassador
1,124,472
Jim Crawford
RE/MAX Paramount Properties - Atlanta, GA
Jim Crawford Atlanta Realtor - Atlanta Real Estate

Great post Bill.  I noticed that quite a few market had a small dip in December sales compared to last year.  It is interesting to see prices up, and I assume that is less inventory.

Jan 14, 2010 10:07 AM #8
Ambassador
399,008
Terrie Leighton
Ferrari-Lund ~ Reno's Premier Real Estate Company - Reno, NV
Reno Real Estate Agent ~ Selling Homes in Reno

Bill ~ Let's hope we see the "days on the market" drop to under 100 days in 2010! =)

Jan 14, 2010 03:11 PM #9
Rainmaker
897,331
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Hey, that's a huge price increase, bill, almost $170K.  What caused that?

Jan 14, 2010 10:13 PM #10
Rainmaker
910,668
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Jane there were only 3 homes that closed within the month of December so it is easy for the average sale price to fluctuate. You need to look at the year over year figures below to get a more accurate picture of the market.

Jan 14, 2010 10:25 PM #11
Show All Comments
Rainmaker
910,668

Bill Gassett

Metrowest Massachusetts Real Estate
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