Northbridge Massachusetts Real Estate Market Report for August 2008
In August of 2008 there was 8 homes that closed within the month for Northbridge Massachusetts. This is a decrease of 3 units as there were 11 homes that closed in August of 2007.
The Average list price for the homes that closed in Northbridge for August of 2007 was $400,555
The Average list price for the homes that closed in Northbridge for August of 2008 was $289,050
The Average sale price for the homes that closed in Northbridge for August of 2007 was $395,504
The Average sale price for the homes that closed in Northbridge for August of 2008 was $3281,597
The Average Market time for the homes that closed in Northbridge in August of 2007 was 154 days.
The Average Market time for the homes that closed in Northbridge August of 2008 was 166 days.
9 homes went under agreement in Northbridge Masssachusetts in the month of August. The average list price of the homes that went under agreement was $326,866. The average time on the market for these Northbridge MA homes was 202 days.
January - August Market Statistics for Northbridge Massachusetts
In Northbridge MA for the period of January to August of 2007 there were 89 properties sold.
In Northbridge MA for the period of January to August 2008 there were 55 properties sold.
In Northbridge MA for the period of January to August in 2007 the average list price was $369,836 the average sale price was $359,520 and the average market time was 172 days.
In Northbridge MA for the period of January to August in 2008 the average list price was $318,135 the average sale price was $308,720 and the average time on the market was 186 days.
** The above statistics are for single family homes only and do not include condo's or Multi-family homes in Northbridge Massachusetts.
In comparing year over year longer term data for Northbridge MA, the average list price and sale price both went down year over year from January to August. This can be attributed to the on going weakness in the real estate market. The average days on the market for the same period in Northbridge MA was very similiar . The number of homes sold in the January to August time period is down substantially from the previous year.
These statistics are similar to many of the towns in Metrowest MA. Most of the surrounding towns experienced a decrease in the average list price and sale price as well as the number of homes sold for the January to August time frame.
Selling a home in Northbridge 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 Northbridge and many other Metrowest communities has changed over the last three and a half years. We are no longer in a seller's market. When selling a home in Northbridge Massachusetts, it pays to have a pro in your corner representing you.
When selling a home in Northbridge MA, it pays to have a pro in your corner representing you. Here are some excellent questions to ask when interviewing your agent, that will help you determine if you are hiring a top producer or not!
** 85% of all buyers are finding their homes on the Internet. See this must read article on where I advertise on-line. Metrowest MA Homes ~ How to effectively market to the masses on-line. **
The above Northbridge Massachusetts Real Estate Market report was provided by Bill Gassett, the team leader for the #4 RE/MAX Team in Massachusetts in 2007. Bill can be reached via email at email@example.com or by phone at 508-435-5356. Bill has helped people move in and out of Northbridge MA and other Metrowest towns for the last 22+ Years. Bill's office is conveniently located in the center of Hopkinton MA at 77 Main Street. RE/MAX Executive Realty also has offices in Upton, and Grafton to service home sales in Northbridge MA.
I have a passion for Real Estate and love to share my marketing expertise! I would welcome the opportunity to earn your business.
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I service the following towns in Metrowest MA: Hopkinton, Milford, Upton, Southboro, Westboro, Ashland, Holliston, Mendon, Hopedale, Medway, Grafton, Northbridge, Uxbridge, and Framingham MA.
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Building lasting relationships by helping people move in and out of Metrowest Massachusetts for the last 22 years.