Welcome to the Sudbury MA real estate market update. Overall inventory is up from last year at this time - 138 current listings compared with 107 last year. Prices for single family homes In Sudbury range from $199,000 to $3,700,000. The median list price is higher than last year at this time - $839,450 compared with $785,000; the average list price is also a bit higher - $1,086,580 compared with $1,010,198; and the average number of days on the market is also higher - 187 days up from 145 days.
The price ranges with the most significant increase of homes for sale are: one million to $1,499,999 - there are 28 compared with 19 last year; and $800,000 to $899,999 - there are 13 compared with 4 a year ago; good opportunities for buyers in those ranges. For people looking in between $700 and $799,999 there are only 9 homes for sale compared with 15 last year - fewer choices generally lead to more competition and higher prices.
Recent activity shows there are 18 single-family homes with accepted offers and 13 with sales pending.
The number of closed sales for September was up from September 2008 and median and average sale prices were both lower; 15 sold vs. 11 in September 2008; the September 2009 median sale price was $665,000 vs. $897,000; the average was $669,900 down from $998,909; and it took longer for homes to sell - average time on the market for September 2009 was 173 days and 65 days in September 2008.
Given the increase in the number of homes on the market, anyone who wants to sell needs to think carefully about pricing their property correctly for the current market. Correct pricing is crucial; all the pretty pictures and videos in the world will not attract buyers if the home is not priced correctly. Lowering the price after the fact will only net less money and add even more frustration to the process.
Interest rates are low and there are lots of great choices for buyers! Visit www.MarilynMessenger.com for the latest local market condition reports for Sudbury, Wayland, Weston, Maynard and Stow MA, complete MLS home search, news and information to help you plan your next move. To get market information for any other town e-mail marilynmessenger@realtor.com.
Data Source: MLSPIN (Multiple Listing Service Property Information Network)
ZIP Code: 01776 Approximate Location Boundaries: Approx. 20 miles west of Boston - surrounding towns are Wayland, Framingham, Concord, Maynard, Hudson, Stow, and Lincoln.
Location Characteristics: 20 miles west of Boston. Graced with natural beauty, Sudbury is an ideal blend of old and new, still rural, yet vibrant. This beautiful New England suburb features lovely residential neighborhoods of charming historical homes and well-designed new construction set on large, meticulously landscaped properties.
Reminders of the town's colonial past are evident at every turn. Old barns, stone walls, gracious farmhouses, and wonderful pre-Revolutionary homes are a common sight. Sudbury is the home of the Wayside Inn/Restaurant, built in 1680 and considered to be one of the oldest inns in the nation. Each fall, the community welcomes visitors to the Colonial Fair.
Fine schools and town facilities combine with a myriad of recreational opportunities and active civic, social, and charitable organizations to keep residents involved. Commuting is convenient via Routes 128 and Interstate 495, and major shopping malls are just 10 minutes from home. Recreational highlights include the National Wildlife Refuge and the Sudbury River area for canoeing, hiking, and cross-country skiing.
About Marilyn Messenger, CRS, ABR, GRI, Broker:
"Marilyn exemplifies what every real estate agent should be. She was professional, thoughtful and tough when she needed to be. I would not have made it through if Marilyn was not at the helm. I cannot recommend her highly enough" - Jessica
"Marilyn went beyond the call of duty...All the 'i's were dotted and the 't's were crossed in a very professional manner. You [William Raveis] are fortunate to have her on your staff" - Alice
…Thanks so much for all you did to help us through the process of buying our first home...[Marilyn] made the process easier than we ever thought possible." -- Matt & Julie
Marilyn Messenger has been representing buyers and sellers of residential real estate west of Boston since 1993. She is a licensed Broker (not a salesperson), and additionally, she has earned the following designations: CRS - Certified Residential Specialist - only 3.5% of Realtors nationally have completed the requirements for CRS; ABR - Accredited Buyers Representative; SRES - Senior Real Estate Specialist; RECS - Real Estate Cyberspace Society members are dedicated to using the latest technology to benefit their clients. She is also a member of the MA and National Association of Realtors.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
