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Feb. 4, 2019

Real Estate Sales for Ashland, MA - Home Sales and Real Estate Market Report (2019)

January

The Ashland Homes For Sale Market Report

Ashland is yet another town where the rumors of the end of the real-estate cycle may be pre-mature.  With just 12 homes on the market, we would need to see a lot of inventory not sell  to start seeing a pull back in prices.  Things may be expensive, but people keep on buying. 

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

A lot of this, of course, is that there is not enough selling!  But there are still some things out there, and buyers have been very wary of homes that need a lot of work.  Part of that is that they don't have enough money - after to purchase - for a major renovation job!  But some of it is just that buyers are picky right now - more than usual!

What should potential home buyers do in Ashland?

You'll have to be patient - or lucky - to wait for more inventory.  I'd expand your search also, to Southborough, or Medway, or Holliston.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Ashland?

Home sellers should breathe easy, that they won't have much competition, and will be able to test the market at high prices.  Don't wait too long-  be early this year!  The buyers are out now.

Ashland Homes For Sale and Sold Market Statistics - MLS Data

  • The Ashland “Home Seller Index” (HSI): 388 Last Report: 418
  • There are 12 homes actively listed as For Sale for Home Buyers.
  • In Ashland there have been 90 houses sold in the last 6 months, and 48 homes sold in the last 3 months.
  • The Average number of Days on Market was 18 days for recently SOLD homes In Ashland.
  • Homes for sale have been sitting for an average of 59 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 248 (vs. 233 in the last report)
  • Current home sellers are looking for $ 239 /sq foot
  • There was an Average Sold Price of $488,651 .
  • 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
Feb. 2, 2019

Real Estate Sales for Worcester, MA - Home Sales and Real Estate Market Report (2019)

January

The Worcester Homes For Sale Market Report

Let the good times roll in Worcester!  Lack of inventory is pushing the seller's market up, and prices have been moving up quickly, as buyers charge in to one of the cheaper markets in the area.

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

Home seller expectations haven't risen too quickly either.  They are still within striking distance of where the buyers are at.  

 

What should potential home buyers do in Worcester ?

Worcester isn't showing signs of topping out.  Properties are still moving quickly, and this market has some of the least amount of distressed property that we've seen since we've been tracking.  That means deep deals aren't out there, but you can get competitive properties.  The best will go quickly! So know which neighborhoods you want and focus on them aggressively to learn your price points. 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Worcester ?

It's a great time to sell - if you know where you're going!  Many towns around Worcester have gotten more expensive also, but Worcester is playing catch-up - and closing the gap in many places.

Worcester Homes For Sale and Sold Market Statistics - MLS Data

      • The Worcester “Home Seller Index” (HSI): 199 Last Report: 186
      • There are 164 homes actively listed as For Sale for Home Buyers.
      • In Worcester there have been 860 houses sold in the last 6 months, and 442 homes sold in the last 3 months.
      • The Average number of Days on Market was 37 days for recently SOLD homes In Worcester .
      • Homes for sale have been sitting for an average of 97 days homes For Sale (currently for sale).
      • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 164 (vs. 146 in the last report)
      • Current home sellers are looking for $ 166 /sq foot
      • There was an Average Sold Price of $253,610
      • Worcester , MA, has 12 properties advertised as lender owned or foreclosure (typically foreclosure) .
      • There are 4 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
Jan. 31, 2019

Real Estate Sales for Westborough, MA - Home Sales and Real Estate Market Report (2019)

January

The Westborough Homes For Sale Market Report

The Westborough market also looks tight, as homes sold all fall, and have left us with little to shop or sell.  That's great for sellers, not so hot for buyers.

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

Prices and price expectations are up in Westborough - so if there is going to be a pull back, no one quite believes it.  Certainly not enough.  Home sellers are expecting another price climb this year.

What should potential home buyers do in Westborough ?

Home buyers should know that with low inventory, and high selling prices, it's not a great time to be aggressive.  They should also realize that perhaps the spring will not result in enough homes to move prices down.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Westborough ?

As noted in Upton - best to get out early this year!  At some point, there will be more sellers than buyers.  We won't know till June if that is the case, but right now, it certainly is not.

Westborough Homes For Sale and Sold Market Statistics - MLS Data

    • The Westborough “Home Seller Index” (HSI): 169 Last Report:130
    • There are 23 homes actively listed as For Sale for Home Buyers.
    • In Westborough there have been 107 houses sold in the last 6 months, and 45 homes sold in the last 3 months.
    • The Average number of Days on Market was 40 days for recently SOLD homes In Westborough.
    • Homes for sale have been sitting for an average of 190 days homes For Sale (currently for sale).
    • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $230 (vs.$227 in the last report)
    • Current home sellers are looking for $ 258 /sq foot
    • There was an Average Sold Price of 
  • $585,646 .
  • Westborough , 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 Westborough, MA
Jan. 29, 2019

Real Estate Sales for Upton, MA - Home Sales and Real Estate Market Report (2019)

 

January

The Upton Homes For Sale Market Report

January shows that homes remain hard to find in January, and that has had an outsized effect on the HSI in this report.  Is it legit? Lets go  to the prices to see. 

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

 

Certainly, this chart is far less optimistic.  Sellers have dropped asking prices.  But you know what? I'm not sure I buy this either.  WE're working off of just 11 data points, as Upton is a small town, and there's just too few homes for sale. At any rate the other charts in this cycle aren't so negative, so I'll throw this out - until March anyway!

What should potential home buyers do in Upton ?

Home buyers should recognize that with so few homes on the market, they'll need to be patient.  New entries will attract a lot of demand, and likely go quick if priced right.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Upton ?

Home sellers should think about being early to market this year!  With so few homes, yours is sure to stand out.

Upton Homes For Sale and Sold Market Statistics - MLS Data

    • The Upton “Home Seller Index” (HSI): 196 Last Report:143
    • There are 11 homes actively listed as For Sale for Home Buyers.
    • In Upton there have been 57 houses sold in the last 6 months, and 31 homes sold in the last 3 months.
    • The Average number of Days on Market was 45 days for recently SOLD homes In Upton.
    • Homes for sale have been sitting for an average of 111 days homes For Sale (currently for sale).
    • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $199 (vs.190 in the last report)
    • Current home sellers are looking for $ 188 /sq foot
    • There was an Average Sold Price of $509,148 .
  • Upton , 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 Upton, Ma
Jan. 18, 2019

Real Estate Sales for Sutton, MA - Home Sales and Real Estate Market Report (2019)

 

January

The Sutton Homes For Sale Market Report

It has taken a long time, but the Worcester suburbs are starting to catch up - trend wise - with the rest of Massachustts, as the "urban bubble" seems to have run it's course. Note, however, we've seen a moderation of transaction volume in Sutton also.  Largely due to lack of inventory, but also less demand. 

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

Another chart where we see the sellers are getting much more realistic about prices, and we'll have to watch to see if that carries over to the spring. Note that prices are up, but seller expectations (green line) are down. 

What should potential home buyers do in Sutton?

Make sure you're aware of the price levels and don't be in too much of a rush.  The market is rational, and will only penalize the ones who are in a hurry! 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Sutton?

Prices are near highs, so it is a good time to sell.  Be prepared for a more lukewarm market though, as the surplus of buyers doesn't seem to be anywhere so far this year. 

Sutton Homes For Sale and Sold Market Statistics - MLS Data

  • The Sutton “Home Seller Index” (HSI): 137 Last Report: 158
  • There are 28 homes actively listed as For Sale for Home Buyers.
  • In Sutton there have been 64 houses sold in the last 6 months, and 30 homes sold in the last 3 months.
  • The Average number of Days on Market was 54 days for recently SOLD homes In Sutton.
  • Homes for sale have been sitting for an average of 129 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $191 (vs. 169 in the last report)
  • Current home sellers are looking for $192 /sq foot
  • There was an Average Sold Price of $396,937 .
  • Sutton, MA, has 2 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
Jan. 16, 2019

Real Estate Sales for Sudbury, MA - Home Sales and Real Estate Market Report (2019)

 

January

The Sudbury Homes For Sale Market Report

When we look at the Sudbury report, it seems things are improving!  Inventories remain super tight.

 

Transaction volume, however, seems to be moderating, and some of the inventory tightness is just seasonal.

 

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

Pricing data tells a less hopeful story.  Sellers have reduced there expectations somewhat.  They aren't as optimistic as they use to be, even though buyers are paying more than they use to, they have been able to drive harder bargains of late.  That suggests less competition in the marketplace for buyers, and more for sellers. 

What should potential home buyers do in Sudbury?

Well, home buyers should recognize that there are fewer buyers for homes with issues - especially condition on location issues - and they should be cautious about price levels on those homes.  The market still, however, has few choices, so you'll want to be up to speed on price-levels before the spring brings more choices. 

 

Find Your Next Home or Check out the Competition!

What should future home sellers do in Sudbury?

Home sellers should be aware the market is getting more rational - so getting your property to looks it's best before hitting the market is crucial to catch buyers attention.  The spring could still be very good, but the market is no longer going straight up, and some sellers will be unprepared for the new market. 

Sudbury Homes For Sale and Sold Market Statistics - MLS Data

    • The Sudbury “Home Seller Index” (HSI): 192 Last Report: 161
    • There are 39 homes actively listed as For Sale for Home Buyers.
    • In Sudbury there have been 151 houses sold in the last 6 months, and 70 homes sold in the last 3 The Market is more of a puzzle going forward.months.
    • The Average number of Days on Market was 44 days for recently SOLD homes In Sudbury.
    • Homes for sale have been sitting for an average of 166 days homes For Sale (currently for sale).
    • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $258 (vs. 267 in the last report)
    • Current home sellers are looking for $ 271 /sq foot
    • There was an Average Sold Price of $801,968.
  • Sudbury , 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 Sudbury, MA
Jan. 11, 2019

Real Estate Sales for Southborough, MA - Home Sales and Real Estate Market Report (2019)

 

January

The Southborough Homes For Sale Market Report

With the real estate market likely headed to a time of transition, were' going to re-focus on the market reports - and see if we can spot the changes as they are happening.  

Southborough looks good to start the year.  Inventory lows and a high HSI means the run isn't over - yet.  Transaction volume remains firm.  

 

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

As we look at prices, we see sellers remain optimistic that prices will continue their recent run.

What should potential home buyers do in Southborough?

Buyers are still being aggressive for homes they like.  But they are showings signs of being pickier - the houses that haven't sold are on 180 days+.  That means if the price is wrong, buyers are sticking to current price levels, and betting that prices aren't going up.  I am not sure they are right in Southborough, but we will see when the spring inventory comes. 

Search for Your Next Home or Check out the Competition!

What should future home sellers do in Southborough ?

Certainly, if you are thinking of downsizing, the prices that folks are getting should be all the incentive you need.  With inventory still thin, you can have a quick sale at top dollar - if you get your timing right this spring. 

Southborough Homes For Sale and Sold Market Statistics - MLS Data

  • The Southborough  “Home Seller Index” (HSI): 173 Last Report: 170
  • There are 23 homes actively listed as For Sale for Home Buyers.
  • In Southborough there have been 71 houses sold in the last 6 months, and 29 homes sold in the last 3 months.
  • The Average number of Days on Market was 40 days for recently SOLD homes In Southborough.
  • Homes for sale have been sitting for an average of 187 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $256  (vs. $220 in the last report)
  • Current home sellers are looking for $274 /sq foot
  • There was an Average Sold Price of $ 764,900 .
  • Southborough, 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.

Matt’s Got More

Realtor Matt’s got lots more you to check out if you are planning to buy or sell a home. Why not look here, and find out a lot more about Radon, New Construction, Title V, House Styles, Town Assessments, MCAS scores, and even some tips to get the best rate possible on your mortgage.

Realtor Matt's Top Read Real Estate Posts

Posted in Southborough, MA
Nov. 12, 2018

Looking for the Top - Rental Data and What it Tells Us Today

Why Look at Rental Market Data?

Most people who look at the real estate market know that prices have been going up for some time, (8-9 years approximately), and that sooner or later, there will be a pull back.  While I expect that the pull back will be relatively modest, that doesn't mean it'll be fun.  It will be painful- they all are - but probably not as bad as the last one by a long shot, as there are fewer "bad products" in the mortgage market, and credit is not easy in this environment. 

Still though, when might we see a top?  A lot of the hallmarks of any real estate pull back or recovery can be seen by looking at rental data.  When rents fall, there is less pressure on tenants to move into homes for price security.  That takes a lot of buyers out of the market, and has large ripple effects through the Purchase market.  

Rental Market Data

OK, so let's look at some numbers and see what they say.

Rentals in Framingham, Marlborough, Natick and Hopkinton

  • Currently active: 82
  • Past 6 months: 318
  • Rental rate: $1.07 (This is what tenants pay for space, in terms of $ per month per square foot).
  • Rental time: 28 days

 

Let's see what it looked like last year. at this time

  • Past 6 months: 278
  • Rental rate: .97
  • rental time:26

This show rents are up about 10%, and there were more rentals than last year, but not by a huge chunk.  If I look at the last 3 months, I see rents are down from the spring peak, a little closer to $1 a square foot, but the time to rental is about the same.  

Summary

These numbers are worth watching going forward, but right now, they don't show any impending weakness.  Perhaps a stabling market, but we'll need to see where prices go next spring to be sure. 

Nov. 12, 2018

Real Estate Sales for Shrewsbury, MA - Home Sales and Real Estate Market Report (2018)

 

November

The Shrewsbury Homes For Sale Market Report

Well, it's been a while, but I'm going to start doing the reports again, as the market seems to be making some moves.  You wouldn't know it from this chart though.  Sure, we see a little uptick in the actives- but nothing crazy.   Sales are down though, and that has begun to soften the HSI, which dropped sharply in the spring, but remains close to 200. 

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

In a Similar fashion, we see home sellers remain as optimitic as ever, and buyers are  - so far - chasing them.  It remains to be see how long that continues though.  There have been a lot of price changes, and I think eventually we're going to need to see sellers pricing closer to where the market is at. 

What should potential home buyers do in Shrewsbury ?

Well, there are some options out there - and some motivated sellers.  You can be pickier than you have been in some time.  And, oftentimes, you can pay less - or basically not see too many bid wars.  There really haven't been intense wars this spring in Shrewsbury, except on a few houses.  There will be less of that, if inventories keep builigng, and transaction volume keeps falling.  

Find Your Next Home or Check out the Competition!

What should future home sellers do in Shrewsbury ?

Shrewsbury Homes For Sale and Sold Market Statistics - MLS Data

  • The Shrewsbury “Home Seller Index” (HSI): 194 Last Report: 135
  • There are 98 homes actively listed as For Sale for Home Buyers.
  • In Shrewsbury there have been 240 houses sold in the last 6 months, and 94 homes sold in the last 3 months.
  • The Average number of Days on Market was 26 days for recently SOLD homes In Shrewsbury .
  • Homes for sale have been sitting for an average of 80 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $225 (vs. $220 in the last report)
  • Current home sellers are looking for $ 241 /sq foot
  • There was an Average Sold Price of $507,937 .
  • Shrewsbury , 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 Shrewsbury MA
Jan. 19, 2018

Real Estate Sales for Northbridge, MA - Home Sales and Real Estate Market Report (2018)

January

The Northbridge Homes For Sale Market Report

The market in Northbridge is really having a moment!  After having quite a bit of new construction overhang, things have really thinned out, and prices are moving smartly. This was all predicted here on the blog!  But it's nice to see it come to fruition.  Prices are probably going to keep moving for a bit, until the inventory comes back.

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

Again, in the chart below, we see the record low number of homes for sale in Northbridge.

What should potential home buyers do in Northbridge ?

Home buyers have missed their big window, but there's still time to get some relatively good deals.  Prices are in catch up mode, and will keep trucking higher.  Be early this year!

Find Your Next Home or Check out the Competition!

What should future home sellers do in Northbridge ?

Home sellers will see strong activity across all segments.  Well priced homes are moving quickly, often in the first week or 2.  Finding the next one is the trick!

Northbridge Homes For Sale and Sold Market Statistics - MLS Data

    • The Northbridge “Home Seller Index” (HSI): 272 Last Report:227
    • There are 21 homes actively listed as For Sale for Home Buyers.
    • In Northbridge there have been 112 houses sold in the last 6 months, and 52 homes sold in the last 3 months.
    • The Average number of Days on Market was 27 days for recently SOLD homes In Northbridge.
    • Homes for sale have been sitting for an average of 102 days homes For Sale (currently for sale).
    • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged 178 (vs.166 in the last report)
    • Current home sellers are looking for $ 188 /sq foot
    • There was an Average Sold Price of 
  • $335,536 .
  • Northbridge , MA, has 2 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 Northbridge MA