Here's what's going on in the Sudbury MA real estate market. Overall single family inventory is up from last year at this time - 110 current listings compared with 100 last year. Prices for single family homes In Sudbury range from $189,000 to $3,298,000.
The median list price is lower than last year at this time - $884,950 compared with $922,000; the average list price is also lower - $1,119,407 compared with $1,138,898; and the average number of days on the market is also higher - 210 days up from 187 days.
The price ranges with the most significant increase of homes for sale are: $800,000 to $899,999 - there are 11 compared with 3 a year ago; and $600,000 to $699,999 - there are 10 compared with 5 last year; so good opportunities for buyers in those ranges.
Recent activity shows there are 18 single-family homes with accepted offers and 13 with sales pending. There were 13 closed sales in October, only one less than in October 2008; however, both the median and average sale price was lower - median was $467,000; average was $528,008.
With the recent tax credit extension and expansion, buyers who may have thought Sudbury prices were too high for them, may want to take another look. Three bedroom homes start at $289,000; four bedrooms start at $369,500; and five bedrooms start at $569,900 for a traditional Colonial style home. New construction in Sudbury starts are $819,900.
Anyone who wants to sell their home in Sudbury 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.
