Southboro Real Estate Market Report October 2010

By
Real Estate Agent with RE/MAX Executive Realty 91362

                                   Southboro Massachusetts Real Estate Market Report for October 2010

Southboro Real Estate Market Report

 

 

 

 

 

 

 

 

 

 

In October of 2010 there were 8 homes that closed within the month for Southboro Massachusetts. This is the same amount of 8 units, as there was 8 homes that closed in October of 2009.

The Average list price for the homes that closed in October of 2009 was $475,338

The Average list price for the homes that closed in October of 2010 was $778,338

The Average sale price for the homes that closed in October of 2009 was $461,988

The Average sale price for the homes that closed in October of 2010 was $728,156

The Average Market time for the homes that closed in October of 2009 was 281 days.

The Average Market time for the homes that closed in October of 2010 was 161 days.

 

7 homes went under agreement in Southboro MA in the month of October. The average list price of the homes that went under agreement was 1,174,257. The average time on the market for these Southboro homes were 250 days.

Through October there have been 68 sales in Southboro. At this same point in time last year there was 63 sales.

 

                 January - December 2008 & 2009 Market Statistics for Southboro Massachusetts

In Southboro MA for the period of January to December 2008 there were 81 properties sold.

In Southboro MA for the period of January to December 2009 there were 66 properties sold.

In Southboro MA for the period of January to December in 2008 the average list price was $617,489 the average sale price was $585,159 and the average market time was 141 days.

In Southboro MA for the period of January to December in 2009 the average list price was $493,542 the average sale price was $472,630 and the average time on the market was 165 days.

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

 

While the average sale price in Southboro did drop quite substantially year over year a large part of the reason for this is due to the fact that there were far fewer upper end sales. The middle and lower end of the market in Southboro faired quite well with a stabilization in value. The upper end has remained weak and is more than likely not at the market bottom yet.

The average days on market went up in Southboro from 2008 again due to the fact the upper end of the market remained weak. There were quite a few more sales in 2009 as compared to 2008.

 

Click here for previous Southboro Real Estate Market Reports.

Market reports for Hopkinton

Market Reports for Westboro

Market reports for Holliston

Market reports for Milford

Market reports for Ashland

Real Estate interview questions

Selling a home in Southboro Massachusetts or other Metrowest town is heavily dependant on pricing your home properly and picking an agent that will create an "online market presence" for your home. As a home seller, you need to be aware that the market in Southboro and many other Metrowest communities has changed over the last five years. We are no longer in a seller's market. When selling a home in Southboro Massachusetts, it pays to have a pro in your corner representing you.

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

We are no longer in a seller's market. When selling a home in Southboro MA, 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!

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About the author: The above Southboro Massachusetts Real Estate report was provided by Bill Gassett, aRE/MAX Executive Realty Southboro Mass 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 Southboro MA and other Metrowest towns for the last 24+ Years.

For Massachusetts and Southboro MA Real Estate and homes see Southboro MA 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.

Thinking of selling your home? I Have a passion for Real Estate and would love to have you as one of my clients!

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

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

 

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Rainmaker
363,907
Kathleen Cooper
Kathleen Cooper, Best Option-EXIT Realty Partners, REALTOR® - Worcester, MA
EXIT Realty Partners - Broker, REALTOR®

Great market reports Bill!  You make it very clear to see the changes over time in your real estate market.  Keep up the good work!

Sincerely,

Kathleen 

Nov 06, 2010 09:08 AM #1
Rainmaker
1,113,326
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Bill, your prices have improved immeasurably in the town since prior year...really amazing & i would love to have those numbers here!  great report

Nov 06, 2010 11:25 AM #2
Ambassador
399,505
Pam Dent
Gayle Harvey Real Estate, Inc. - Charlottesville, VA
Realtor - Charlottesville Virginia Homes and Horse Farms

Bill - Another excellent market report.  Prices have gone up quite a lot since 2009.  I hope this is a trend.

Nov 06, 2010 09:46 PM #3
Rainmaker
536,478
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Bill,

Looks like higher-end properties have been selling in Southboro, MA. Maybe the move-up buyers are recognizing it's a good time to buy, especially with such great interest rates.

Nov 07, 2010 01:06 AM #4
Rainmaker
911,972
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Kathleen, Pam, Ginny & Lynda - Thanks for dropping by and commenting on my Southboro Real Estate report. Southboro has done pretty well in the amount of homes sold to date!

Nov 07, 2010 06:40 AM #5
Ambassador
1,477,618
Renée Burrows
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate - Las Vegas, NV
Las Vegas Real Estate Broker - www.urLVhome.com

WOW at the prices in Southboro from 2009-2010!

Nov 14, 2010 05:06 PM #6
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Rainmaker
911,972

Bill Gassett

Metrowest Massachusetts Real Estate
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