Monday, April 12, 2010

Maynard MA Real Estate/Housing Market - March Sales Up! Days on Market Down!

Welcome to the Maynard MA Real Estate Market Conditions report.

There are currently 48 single-family homes on the market in Maynard compared with 37 at this time last year; 5 of the 48 listings already have accepted offers waiting for contingencies to clear. There are also 17 homes with sales pending.

The median list price for a single family home in Maynard is $289,950 and the average list price is $315,345; both down a bit from last year when the median list price was $299,900 and the average was $325,705. The average list price for the homes with offers accepted is $347,720; the average list price for sales pending is $326,571. Note – accepted offers generally reflect more recent activity than pending sales.

The average time on the market for current listings is 77 days; almost half of the time last year at this time when the average time on market was 150 days.

Closed single family home sales in March 2010 were up 375% from March 2009; 15 compared with 4. The median sale price was $286,000 and the average sale price was $315,125.

For anyone looking for easy living, there are there are 26 condominiums/townhouses available in Maynard; last year at this time there were 23. Prices range from $99,900 for apartment style condos to $339,900 for new townhouses. Prices at the established townhouse developments of Apple Ridge, Oak Ridge, and Deer Hedge Run range from $239,900 to $289,900.

Maynard offers more affordable options for buyers than the surrounding towns of Sudbury, Acton, Concord, and Stow. The extended home buyer tax credit, which now also includes $6,500 for many existing home owners who would like to move up, move down or move sideways to easier living or another location, should help more buyers and sellers take advantage of all that the town of Maynard has to offer. The purchase contract deadline is April 30; the deadline for closing is June 30, so not a lot of time left to take advantage.

To find out what homes are available in Maynard and the nearby towns west of Boston, visit http://http// your on-line source for real estate listings, news and information or call Marilyn Messenger at 508-596-3501 for personal real estate services.
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