Wednesday, February 10, 2010

Sudbury MA - Fewer Homes in Most Price Ranges

Welcome to the Sudbury MA Market conditions report for February 2010.


The overall supply of single family homes for sale in Sudbury remains low; only 96 homes, up slightly from last year at this time when there were 88. The increase is in two price ranges: $600,000 - $699,900 and $1,000,000 - $1,499,900; all other price ranges have fewer houses available.

Current list prices in Sudbury range from $174,000 for a tear-down to $3,195,000 for a thirteen room estate on private 5+ acres. Three-bedroom homes range from $289,900 to $699,900; four-bedrooms range from $369,500 to $1,999,900. Five-bedroom homes range start at $995,000 with the exception of an Antique home needing rehab that is listed for $299,900.

The median list price is $959,000, up from $939,450; the average is $1,112,842, down from $1,175,526.

Although year-to-date closed sales are down from one year ago, activity is picking up. 11 of the homes listed have accepted offers. And there are fourteen homes with sales pending.

Whether you're a first time buyer, or a current homeowner thinking about moving up, moving down, or moving sideways to easier living, this is a great time to do it! Interest rates are still low, the $8,000 first time buyer credit has been extended; and, there is a $6,500 credit for many existing home owners. The deadline for a Purchase and Sale agreement is April 30 and the property must close June 30. Go to www.marilynmessenger.com or contact your tax accountant to find out if you qualify.

Visit http://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)
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