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Sept. 17, 2017

Real Estate Sales for Clinton, MA - Home Sales and Real Estate Market Report (2017)

September

The Clinton Homes For Sale Market Report

Somehow, I missed Clinton in my last go around, so it's been 10 months since we checked in.  Not too much as changed, at least in terms of the HSI (see below), which is the key metric.  On the plus side though, the weirdness that was going on with asking prices has been resolved. 

Can’t see the chart? You can find it Here .

This is a chart that reminds me of Westborough or Shrewsbury from 2 years ago.  Shrinking home inventories lead to higher and higher demand, as more buyers run out of patience - and get tired from losing competitive bids.  With an HSI in the 260's, Clinton is moving, and until the home inventories increase, we're not going to see things cool off .

Clinotn MA home price data and statistics

What should potential home buyers do in Clinton ?

The deals are good in Clinton, with asking prices under $170 a square foot.  What looks expensive today, may look cheap tomorrow, so find something you like and chase it. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Clinton ?

Well, if you plan to sell, now's the time.  Let's reflect a bit.  Looking at the price chart, When things were bad, you were getting $120/sq foot.  This isn't ancient history, this is 2012.  Now, you can get almost 33% more at $160.  Prices have gone up at a 6% clip over 4 years straight.  That's remarkable - but it's also not likely to just keep going.  Get sold while the selling's good.

Clinton Homes For Sale and Sold Market Statistics - MLS Data

  • The Clinton “Home Seller Index” (HSI): 264 Last Report:243
  • There are 15 homes actively listed as For Sale for Home Buyers.
  • In Clinton there have been 84 houses sold in the last 6 months, and 49 homes sold in the last 3 months.
  • The Average number of Days on Market was 34 days for recently SOLD homes In Clinton.
  • Homes for sale have been sitting for an average of 82 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $165 (vs.$156 in the last report)
  • Current home sellers are looking for $ 167 /sq foot
  • There was an Average Sold Price of $272,452.
  • Clinton , MA, has 3 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Other Posts You May Enjoy by Matt the Realtor

Posted in Clinton, MA
Sept. 10, 2017

Real Estate Sales for Boylston, MA - Home Sales and Real Estate Market Report (2017)

September

The Boylston Homes For Sale Market Report

The home prices chart isn't hard to read:  Prices are moving up.  Sellers who have over reached are moving prices back down, and getting closer to where buyers want to be.  That, in turn, has kept sales moving briskly. 

Can’t see the chart? You can find it Here .

With an HSI in the 120, it's not the hottest town in Central mass.  But it's held steady, putting pressure on buyers, and netting higher prices for sellers.  Boylston is a little less inventory strapped - on a relative basis - than other towns.  

Boylston Home Data Statistics and reports

What should potential home buyers do in Boylston?

Boylston is a small town, and shouldn't be the only one on your search if you can help it.  With less than 90 sales a year, there could be very little inventory in your target price range.  Try to be flexible, and recognize neighborhood properties in good condition will move quick when priced right. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Boylston?

Home sellers still need to make sure their home is ready to go. That means doing the little things to get it sold.   Remember: You'll get most of your traffic early in the process, so don't let them walk away because you aren't ready to sell.

Boylston Homes For Sale and Sold Market Statistics - MLS Data

  • The Boylston “Home Seller Index” (HSI): 121 Last Report: 122
  • There are 25 homes actively listed as For Sale for Home Buyers.
  • In Boylston there have been 45 houses sold in the last 6 months, and 19 homes sold in the last 3 months.
  • The Average number of Days on Market was 56 days for recently SOLD homes In Boylston.
  • Homes for sale have been sitting for an average of 105 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $198 (vs. $192 in the last report)
  • Current home sellers are looking for $ 214 /sq foot
  • There was an Average Sold Price of $450,210 .
  • Boylston, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Other Posts You May Enjoy by Matt the Realtor

Posted in Boylston, MA
Aug. 9, 2017

Real Estate Sales for Berlin, MA - Home Sales and Real Estate Market Report (2017)

 

August

The Berlin Homes For Sale Market Report

Berlin homes are selling near their price highs, and inventory remains tight.  But not as tight as it was in March, which was epic tightness in most of MA.  Prices remain rational in Berlin.

Can’t see the chart? You can find it Here .

What should potential home buyers do in Berlin ?

There's not much to buy, but buyers remain patient, and aren't chasing over priced homes.  They are moving quickly though, with just 28 days on market for the average sale.  In Berlin, as in everywhere else, well priced homes are getting traffic and offers.

 

 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Berlin ?

Home sellers need to be wary of overpricing, and still need to do the work to get the home ready for sale.  Remember, your best chance at a quick sale is the first 14 days, so be leery of price testing, even in Hot towns.

Berlin Homes For Sale and Sold Market Statistics - MLS Data

  • The Berlin “Home Seller Index” (HSI): 194 Last Report: 359
  • There are 10 homes actively listed as For Sale for Home Buyers.
  • In Berlin there have been 26 houses sold in the last 6 months, and 13 homes sold in the last 3 months.
  • The Average number of Days on Market was 28 days for recently SOLD homes In Berlin.
  • Homes for sale have been sitting for an average of 89 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $185 (vs.$176  in the last report)
  • Current home sellers are looking for $ 197 /sq foot
  • There was an Average Sold Price of $ $409,427 .
  • Berlin , MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Other Posts You May Enjoy by Matt the Realtor

Posted in Berlin, MA
July 25, 2017

Real Estate Sales for Ashland, MA - Home Sales and Real Estate Market Report (2017)

 

July

The Ashland Homes For Sale Market Report

Normally, I lead with the price trends chart, but today, I'm leading with the HSI chart, because Ashland broke the 400 barrier, which we haven't seen before,  don't think. That's kinda crazy. 

Low inventory and transactions moving near peaks is putting pressure on prices, or should be.  Let's check the price chart.

 

Below, we can see buyers are paying more, but unlike many other towns, the remain sellers (only 9) don't seem to be asking for prices above market.  Hard to tell anything definitive with just 9 sellers, but it's interesting.   Really makes you wish you bought Ashland in 2012, no?  

Can’t see the chart? You can find it Here .

What should potential home buyers do in Ashland?

Really, it might make sense to look elsewhere - there's too little to buy in Ashland, and you're going to have to compete for just about everything that comes on.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Ashland?

Home sellers: This is your time to shine!  With no competition, you can get the best value for your home.   Condition becomes less of a barrier at this juncture, you're really just competing with other towns.

Ashland Homes For Sale and Sold Market Statistics - MLS Data

  • The Ashland “Home Seller Index” (HSI): 418 Last Report: 389
  • There are 9 homes actively listed as For Sale for Home Buyers.
  • In Ashland there have been 119  houses sold in the last 6 months, and 89 homes sold in the last 3 months.
  • The Average number of Days on Market was 26 days for recently SOLD homes In Ashland.
  • Homes for sale have been sitting for an average of 43 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 233 (vs. 223 in the last report)
  • Current home sellers are looking for $ 221 /sq foot
  • There was an Average Sold Price of $481,011 .
  • Ashland, MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Other Posts You May Enjoy by Matt the Realtor

Posted in Ashland, MA
July 23, 2017

Analysis Ashland, MA : Condo Sales Statistics, Trends and Analysis

 

Market Overview for Ashland

July 2017

The Ashland condo market looks to be nearing a top for this cycle, as inventories have started to build, and condo seller's optimism is at an all time high.  Prices are still moving up though, and are up a 23% in since 2014.  

 

 

Let's not be too pessimistic though, the market is still quite good.  But I did notice that the number of units for sale was at a high (32) and the days on market for those units not sold is also near all-time highs.  In short, buyers are getting picky, and turning away at the overpriced items. 

 

What should condo buyers in Ashland do for strategy?

 Condo buyers have choices, although many are targeted at the over 55 community, and those are among the pricier options. Other condos are moving quickly and buyers need a more aggressive strategy to be successful.  

What should potential condo sellers in Ashland do for Strategy?

 Condo sellers will find a good market.  Prices remain rational and moving up, but don't look for buyers who are going to do a big overpay for  unit that doesn't show well.  Top showing units are moving the quickest.

 

Raw Home Sale Data

Ashland has 32 condos listed as For Sale

Ashland had 114 condominium sales in the last 6 months, and 87 condominium sales last 3 months

Ashland has an Average Market Time of 31 days for SOLD condominium properties

Ashland has an Average Market Time of 174 days for For Sale condominiums properties

There is an Average sold price per square foot of $211 in Ashland (vs. $199 in the last report )

Ashland has an Average Sold Price of $376,516 for sold condos properties

 

Featured Condo Complexes Condos of Metrowest Summary - All in one Place!

Currently there are over 70 complexes profiled in Metrowest, and this number is growing weekly! If you’d like to see what’s available in Ashland, click here!

 

 What do these statistics mean? Check my Explanation for Mass Home Sale Statistics

Posted in Ashland, MA
July 9, 2017

Real Estate Sales for Worcester, MA - Home Sales and Real Estate Market Report (2017)

 

July

The Worcester Homes For Sale Market Report

Sometimes, things aren't complicated.  The prices paid chart - and rising optimism of sellers - is clear to see in Central Mass biggest market. 

Can’t see the chart? You can find it Here .

To me, this chart is unabashedly positive.  Let's look at the details:
This chart as well, shows nothing but optimism.  With demand strong in Worcester, and transactions near a high and inventory (homes for sale) at a low, that puts pressure on each and every market in the surrounding area.  This is good news for home sellers across metrowest and central mass, and tells buyers to pounce on any weakness that they see in the markets.  It argues things are headed higher.

What should potential home buyers do in Worcester?

There are options!  It's a big city, and there are always options.  It remains a town where "looking harder" is a good option.  There's little need to overpay, as there will always be another property.  However, the good stuff is moving quickly, and prices continue to move up.  Things will be more expensive next spring.  

Find Your Next Home or Check out the Competition!

What should future home sellers do in Worcester?

Home sellers will see good traffic and the best prices in a decade.  It doesn't look like we're done though - things could keep moving up, and this chart is positive enough where I think that might be the case. 

Worcester Homes For Sale and Sold Market Statistics - MLS Data

  • The Worcester “Home Seller Index” (HSI): 186 Last Report:185
  • There are 196  homes actively listed as For Sale for Home Buyers.
  • In Worcester there have been 856 houses sold in the last 6 months, and 631 homes sold in the last 3 months.
  • The Average number of Days on Market was 39 days for recently SOLD homes In Worcester.
  • Homes for sale have been sitting for an average of 77 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 147 (vs. 142 in the last report)
  • Current home sellers are looking for $ 155 /sq foot
  • There was an Average Sold Price of $229,150 .
  • Worcester, MA, has 13 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 9 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Other Posts You May Enjoy by Matt the Realtor

Posted in Worcester, MA
July 7, 2017

Real Estate Sales for Westborough, MA - Home Sales and Real Estate Market Report (2017)

 

July

The Westborough Homes For Sale Market Report

Here we have another chart that shows buyers have remained disciplined in the face of low inventory.  Sale prices in Westborough have actually fallen from their peak.  I'm not going to make a mountain out of a mole hill though - they are still way up from where they were last year at this time.  It just provides more evidence that there is a debate out their in the marketplace - is this a consolidation until a push higher?  Or is the top in and there's no where to go for this cycle?

Can’t see the chart? You can find it Here .

Part of the answer will be found in the detail data.  Rising inventories will put a cap on prices.  While they are up off the lows, they still remain very tight, and it's a difficult market for buyers in almost all towns. 

What should potential home buyers do in Westborough?

Home buyers should be aware that they don't have to pay "premium" prices in many cases.  Other buyers are holding back - so you can too.  There is more competition in the entry level market, but the luxury market is softening noticeably. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Westborough?

It's still a great market for home sellers, and while a fast sale and competitive bids aren't a guarantee, if your home is well positioned, you'll get some of the best prices in a decade.  Things could get competitive soon - so watch the market carefully at this juncture.

Westborough Homes For Sale and Sold Market Statistics - MLS Data

    • The Westborough “Home Seller Index” (HSI): 130 Last Report:170
    • There are 40 homes actively listed as For Sale for Home Buyers.
    • In Westborough there have been 104 houses sold in the last 6 months, and 81 homes sold in the last 3 months.
Will Buyers go to the beach and wait for more options? Or will sellers head to the coast while the buyers snap up best available?
  • The Average number of Days on Market was 29 days for recently SOLD homes In Westborough.
  • Homes for sale have been sitting for an average of 133 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 227 (vs. 234 in the last report)
  • Current home sellers are looking for $ 234 /sq foot
  • There was an Average Sold Price of $584,170 .
  • Westborough, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 1 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Other Posts You May Enjoy by Matt the Realtor

Posted in Westborough, MA
July 5, 2017

Real Estate Sales for Sutton, MA - Home Sales and Real Estate Market Report (2017)

July

The Sutton Homes For Sale Market Report

What is going on with sellers in Sutton?  It's a small data set, but a number of them seem to be asking for the moon and the starts for asking prices.  Meanwhile, the buyers are retrenching.  This is not a good set up for most sellers.  Let's look at the details in the second chart. 

Can’t see the chart? You can find it Here .

OK, inventory (the number of homes for sale) is up a bit, but that's not a huge concern.  HSI hasn't moved much, and the transactions are a bit light, but within the range of the last 3 years.  Nope, I don't get it.  Not sure why some sellers are so high - doesn't make a lot of sense. 

What should potential home buyers do in Sutton?

Home Buyers should be wary - there are some seriously crazy prices out there.  Not all sellers will be out of touch, but some certainly are.  Do your research and check recent sales to know you're in the right price.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Sutton?

Well, let's start with don't look at what sellers are asking - look at what they are getting!  Sellers are reaching too high in more than a couple of cases, and they are likely to be waiting a long time for a buyer (or an appraiser!) who is thinking what they are thinking.  

Sutton Homes For Sale and Sold Market Statistics - MLS Data

  • The Sutton “Home Seller Index” (HSI): 158 Last Report:145 
  • There are 31 homes actively listed as For Sale for Home Buyers.
  • In Sutton there have been 71 houses sold in the last 6 months, and 53 homes sold in the last 3 months.
  • The Average number of Days on Market was 46 days for recently SOLD homes In Sutton.
  • Homes for sale have been sitting for an average of 85 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $169 ( $168 vs. in the last report)
  • Current home sellers are looking for $225 /sq foot
  • There was an Average Sold Price of $351,748.
  • Sutton, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Other Posts You May Enjoy by Matt the Realtor

Posted in Sutton, MA
July 3, 2017

Real Estate Sales for Sudbury, MA - Home Sales and Real Estate Market Report (2017)

July

The Sudbury Homes For Sale Market Report

OK!  This is a really cool price chart.  Look how in the last report, the buyers and sellers were far apart.  Home Sellers wanted steep increases over what fall prices were, and buyers had pulled back a bit.  The spring, however, changes everyone's motivation.  Sellers came down, and buyers came up, and as a result there was a flurry of transactions.   However, it's not all flowers and chocolate.  Let's look at the underlying data to see why. 

Can’t see the chart? You can find it Here .

The first think I notice is that the number of homes for sale is up SHARPLY.  In the last four years, we've only seen this amount of homes twice - in July of 15 and July of 2013.  Maybe July is a bad month for Sudbury!  But it's up.  Also, the number of transactions didn't climb to 200 - which has been a pretty consistent peak. What I don't see are a lot of price pressures - so I'd expect prices to pull back this fall in Sudbury.

 

What should potential home buyers do in Sudbury?

You can probably drive a hard bargain on some homes.  The average home has been on the market for 6 months- and those sellers are motivated and looking for deals to get done.  If your target home is sitting, push for concessions. 

 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Sudbury?

Home sellers should see the market isn't quite as empty as it was.  Don't get careless and assume that your house will sell even if you don't do the little things.  The market looks price sensitive to me, and picky.  Do the work, and price it right.

Sudbury Homes For Sale and Sold Market Statistics - MLS Data

  • The Sudbury “Home Seller Index” (HSI): 161 Last Report: 158
  • There are 80 homes actively listed as For Sale for Home Buyers.
  • In Sudbury there have been 169 houses sold in the last 6 months, and 126  homes sold in the last 3 months.
  • The Average number of Days on Market was 39 days for recently SOLD homes In Sudbury.
  • Homes for sale have been sitting for an average of 141 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $267 (vs. $151 in the last report)
  • Current home sellers are looking for $ 265 /sq foot
  • There was an Average Sold Price of $791,621 .
  • Sudbury, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Other Posts You May Enjoy by Matt the Realtor

Posted in Sudbury, MA
July 1, 2017

Real Estate Sales for Upton, MA - Home Sales and Real Estate Market Report (2017)

June

The Upton Homes For Sale Market Report

Upton prices are softening - which is certainly a surprise - especially since we're not really seeing large increases in either inventory (homes for sale) or the length of time that homes are sitting on the market. In fact, on balance, the HSI has gone up a little bit, which makes the pull back even more interesting. 

 

Can’t see the chart? You can find it Here .

In the chart above, you can see inventory remains tight, and transaction picked up seasonally, and remain where they've been in this cycle. 

What should potential home buyers do in Upton?

Upton remains a great place to get deals, perhaps now so more than even before.  It's hard not to argue that there's an opportunity here for  buyers in Upton, in a market where there are few opportunities. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Upton?

Home sellers should recognizer that buyers are being more choosy in Upton, so if you want your home to move quickly and for top dollar, it needs to be ready to go. 

Upton Homes For Sale and Sold Market Statistics - MLS Data

  • The Upton “Home Seller Index” (HSI): 143 Last Report:134
  • There are 27 homes actively listed as For Sale for Home Buyers.Prices are no longer rising in Upton - start of a new trend?
  • In Upton there have been 74 houses sold in the last 6 months, and 56 homes sold in the last 3 months.
  • The Average number of Days on Market was 51 days for recently SOLD homes In Upton.
  • Homes for sale have been sitting for an average of 76 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $190 ($199 vs. in the last report)
  • Current home sellers are looking for $ X /sq foot
  • There was an Average Sold Price of $472,479 .
  • Upton, MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 1 properties advertised as a short-sale is going to be needed by the lender.

All raw data are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary*, and is designed to offer town-by-town information, instead of large scale trends. *That means you won’t find it anywhere else. Take that, Case-Schilling!.

Other Posts You May Enjoy by Matt the Realtor

Posted in Upton, Ma