Archive for January, 2010
2009 Review of Massachusetts Housing
January 26th, 2010 Categories: Market Conditions, Real Estate
The Massachusetts Association of Realtors released the year end numbers for Massachusetts this morning.
Statewide the single family home sales increased 4.1% over 2008.
Single family median selling prices fell 6.8% compared to 2008, falling from $311,000 to $290,000.
MAR separates out these reports into “regions”. Metrowest area of Massachusetts falls within the region of Greater Boston. This region saw the following results:
- A 2.6% increase in sales over 2008
- Median prices declined 3.6% compared to 2008
- Median price is $434,000 in this region
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Metrowest Election Results for Senate
January 20th, 2010 Categories: Ashland, Bellingham, Framingham, Grafton, Holliston, Hopkinton, Local Communities, Marlborough, Medway, Milford, Natick, Southborough, Town Hall Info, Westborough
The election results are IN for Senator in Washington. The Metrowest region had a great turnout and for that we can all be proud that democracy is working!
Below are results from each Metrowest MA town and the vote counts for either Scott Brown (R) or Martha Coakley (D):
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Holliston MA Market Review Jan 2010
January 13th, 2010 Categories: Holliston, Market Conditions, Real Estate
Would I be surprising you if I made the statement that it is a Seller’s Market in Holliston MA right now? The Median Sales Prices have remained steady compared to the year earlier, which should be considered a WIN for homeowners in this economy.
Here is a quick bullet of Holliston’s Marketplace:
- Average selling time over the past year has been 122 days on market.
- Median price is $350,000 over the past 12 months. Same as previous year.
- There are currently 36 Active single family homes on market.
- Holliston has 3.2 months of inventory currently – Under 4 months is considered a Seller’s Market
- Sellers are getting 95% of Listing Price over the past year. 91% of Original Asking Price.
Just so that I am not coming across those readers that think I am a typical Realtor reporting only the “positive” stats, I have reported Median prices as opposed to Average prices. This is because Average prices create a higher weight to the higher end priced homes and Median prices do not.
That being said, the average prices for the past 12 months were $388882, down from the 12 months previous of $396328. This results in a 2% decline in average prices in Holliston.
I have a buyer currently looking to spend up to mid $500K in Holliston, Medway or Hopkinton. I just mailed a postcard to 400 Holliston households asking them if they were considering a move. In 12 years as a Realtor, I can say I have never done this before.
I believe this type of low inventory will result in upward price pressure for Holliston housing stock in 2010.
Ed Daniels of Remax Executive Realty is on the MAHome Team serving Metrowest Boston. Contact him at 508-341-7880 with any questions about Holliston’s real estate market.| Discussion: No Comments »
