BUYER OR SELLER MARKET?
It’s Starting to Turn…
How do you decipher the facts about the market? Real estate is in the news constantly…is the market up, down, or turning around. Keep in mind that the housing news is often focused on national averages. We look at local averages here and obtain home sale prices from the multiple listing service property information network; this is a data base of recorded home sales in Massachusetts, no speculation here, just plain facts. The information above shows that the number of homes sold in Acton increased slightly for the first quarter of 2010 compared to first quarter of 2009, and the average selling price of homes for sale in Acton increased 5.5% for the first quarter of 2010 versus 2009. This is great news for sellers, not great news for buyer, the Acton real estate market is starting to turn around. Homes for sale in Bedford, Ayer, Littleton, and Maynard are increasing in prices. This year we have had multiple offer situations and some homes selling for over asking price in Acton, Maynard, and Littleton. Homes for sale in Concord are an excellent value, especially since home prices are down in Concord for Q1 2010 versus Q1 2009. If you are thinking about buying a home in this area, you'll catch the market on the bottom of it's upward trend.
To take advantage of the home buyer tax credit, you'll need to have a signed purchase and sale agreement by April 30, 2010 and close on the property no later than June 30,2010.
Feel free to contact me for more information about the tax credit, the value of your home, or any real estate question you may have.
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MARKET STATISTICS
Q1 2009 versus Q1 2010*
Single Family Home Sales
Acton Real Estate |
Q1 2009 |
Q1 2010 |
# Sold Homes |
26 |
29 |
Avg DOM |
163 |
78 |
Avg Selling Price |
540,946 |
571,110 |
% Change |
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Up 5.5% |
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Ayer Real Estate |
Q1 2009 |
Q1 2010 |
# Sold Homes |
14 |
12 |
Avg DOM |
144 |
156 |
Avg Selling Price |
305,431 |
320,793 |
% Change |
|
Up 5.0% |
|
|
|
Bedford Real Estate |
Q1 2009 |
Q1 2010 |
# Sold Homes |
14 |
9 |
Avg DOM |
84 |
83 |
Avg Selling Price |
504,428 |
565,744 |
% Change |
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Up 12.1% |
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|
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Concord Real Estate |
Q1 2009 |
Q1 2010 |
# Sold Homes |
15 |
16 |
Avg DOM |
277 |
115 |
Avg Selling Price |
1,126,067 |
921,319 |
% Change |
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Down 18.2% |
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Littleton Real Estate |
Q1 2009 |
Q1 2010 |
# Sold Homes |
4 |
17 |
Avg DOM |
142 |
185 |
Avg Selling Price |
368,975 |
411,280 |
% Change |
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Up 11.4% |
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Maynard Real Estate |
Q1 2001 |
Q1 2010 |
# Sold Homes |
11 |
20 |
Avg DOM |
164 |
70 |
Avg Selling Price |
286,614 |
304,030 |
% Change |
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Up 14.0% |
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|
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Westford Real Estate |
Q1 2009 |
Q1 2010 |
# Sold Homes |
17 |
21 |
Avg DOM |
180 |
132 |
Avg Selling Price |
459,774 |
412,033 |
% Change |
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Down 10.4% |
*data provided by MLS Property Information Network, Jan 1, 2009- Mar, 31, 2010
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