Hopkinton Real Estate Market Report December 2010

By
Real Estate Agent with RE/MAX Executive Realty 91362

                           Hopkinton Massachusetts Real Estate Market Report December 2010

Hopkinton Mass Real Estate market report

 

 

 

 

 

 

 

 

 

 

In December of 2010 there were 6 homes that closed within the month for Hopkinton Massachusetts. This is a decrease of 6 units, as there were 12 homes that closed in December of 2009.

The Average list price for the homes that closed in Hopkinton for December of 2009 was $626,092

The Average list price for the homes that closed in Hopkinton for December of 2010 was $226,283

The Average sale price for the homes that closed in Hopkinton for December of 2009 was $616,976

The Average sale price for the homes that closed in Hopkinton for December of 2010 was $198,083

The Average Market time for the homes that closed in Hopkinton in December of 2009 was 67 days.

The Average Market time for the homes that closed in Hopkinton December of 2010 was 89 days.

 

2 homes went under agreement in Hopkinton Massachusetts in the month of December . The average list price of the homes that went under agreement was $376,950. The average time on the market for these Hopkinton homes were 210 days.

For 2010 there were 140 Real Estate transactions in Hopkinton. In 2009 there were 150 homes Real Estate transactions.

 

            January - December 2008 & 2009 Market Statistics for Hopkinton Massachusetts

 

In Hopkinton MA for the period of January to December of 2008 there were 130 properties sold.

In Hopkinton MA for the period of January to December 2009 there were 150 properties sold.

In Hopkinton MA for the period of January to December in 2008 the average list price was $617,750 the average sale price was $594,511 and the average market time was 131 days.

In Hopkinton MA for the period of January to December in 2009 the average list price was $528,945 the average sale price was $511,107 and the average time on the market was 114 days.

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

In comparing year over year longer term data for Hopkinton Massachusetts, there was still a downward movement in home values as compared to previous years. The rate at which home values are dropping seems to have stabilized quite a bit, especially in the lower price points of the market. The average days on the market for a home has dropped and inventory levels remained stable throughout the year.

There was an increase of 20 sales in Hopkinton in 2009 v.s 2008!

Click here for previous Hopkinton MA Real Estate market reports.

Market reports for Holliston

Market Reports for Mendon

Market reports for Hopedale

Market reports for Milford

Market reports for Southboro

Market reports for Upton

Market reports for Ashland

Market Reports for Westboro

Real Estate interview questions

Selling a home in Hopkinton Massachusetts or other Metrowest town is heavily dependent 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 Hopkinton 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 Hopkinton MA, it pays to have a pro in your corner representing you. Here are some Real Estate interview questions to ask when interviewing a Realtor, that will help you determine if you are hiring a top producer or not!

** 90% of all buyers are finding their homes on the Internet. See where I advertise on-line to create an incredible online presence for my clients at Hopkinton Real Estate marketing. **

 

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About the author: The above Hopkinton Massachusetts Real Estate Market report was provided by Bill RE/MAX Executive Realty Hopkinton MassGassett, 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 Hopkinton 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 Hopkinton MA Real Estate and homes see Hopkinton 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, Franklin, Framingham, Mendon, Hopedale, Medway, Grafton, Northboro, Shrewsbury, Bellingham, Northbridge, and Uxbridge MA.

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

 

 

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Ambassador
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Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Bill, I did a double take on the list price and sold price numbers...  Was there a new area that opened up in Hopkinton?  That's quite a difference.

Jan 03, 2011 04:21 PM #1
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut - Middletown, CT
Your Connecticut Mortgage Expert

Bill the same thing jumped off the page at me as it did for Lee & Pamela.

I hope the decrease in the number of sales is not a trend for the rest of your Sales Area.

Jan 03, 2011 07:21 PM #2
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Bill the difference in prices is huge. Are those REO's or distressed homes that sold in December?

Jan 03, 2011 08:20 PM #3
Rainmaker
913,796
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Pam & Ed - There were a few low end fixer uppers that brought the average down with no high end sales for the month.

Jan 04, 2011 08:42 AM #4
Rainmaker
201,642
Shannon Lefevre
John R. Wood Properties - Naples, FL
Shannon Lefevre, PA Your Naples Smart Girl

I think it's safe to assume everbody is hoping 2011 will be the year some of this stuff turns around. 

Jan 04, 2011 09:05 AM #5
Rainmaker
695,697
Kay Van Kampen
RE/MAX Broker, RE/MAX Solutions - Springfield, MO
Realtor®, Springfield Mo Real Estate

Bill, even with the downward trend on your prices, they are still higher than our area.  Wow!  I could sell less and make more.  Hopefully prices will stabalize this year.

Jan 04, 2011 10:09 PM #6
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Renée Burrows
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate - Las Vegas, NV
Las Vegas Real Estate Broker - www.urLVhome.com

What a difference a year makes!  Hopefully Hopkinton will get hopping soon!

Jan 10, 2011 01:07 PM #7
Rainmaker
619,276
Gloria Todor and Doug Durren - Delaware County PA Real Estate
Century 21 Absolute Realty - Media, PA
Hard Working Professionals (484) 431-3686

Bill, Good to see the comparison from last year.  The average dom was higher but not too bad.

All the best in 2011.
Gloria

Jan 15, 2011 12:06 AM #8
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Rainmaker
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Bill Gassett

Metrowest Massachusetts Real Estate
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