Sudbury Home Sales and Prices Continiue to Rise

                      
Sales and prices of single-family homes in Sudbury (MA) continue to rise over this time last year while the number of homes for sale remains about the same. Condominium inventory is less than last year due to the new townhouses that went on the market last year have sold quickly and there are only a few remaining for sale.  Luxury home-buyers continue to have the most choices. Click here for the the latest market market report for Sudbury.

Sudbury Real Estate: Luxury Homes Still Selling

Clients' New Home - Sudbury $1,080,000

Lots of happy luxury home buyers and sellers in Sudbury this year. Year-to-date through 7/15, were 14 closed sales for over $1,000,000. Overall, there were a total of 105 single-family houses sold in Sudbury; the median sale price was $686,000 and the average was $718,551. There were 123 sold during the same period in 2013; the median sale price was $680,000 and the average was $714,937.

Currently, there are eleven luxury properties with sales pending and  with an accepted offer waiting for contingencies to clear. There were 19 luxury homes sold during the same period last year.

Homes for Sale in Sudbury: There are currently 71 single-family homes for sale in Sudbury with prices ranging from $315,000 to $3,295,000. The price range with the most opportunities continues to be luxury homes that are priced from $1,000,000 to $1,499,999 - there are 17 currently for sale.

Summer is a great time to buy a home in Sudbury and if you act quickly, you can still move into your new house in time for the start of the school year. Click here to see houses for sale in Sudbury and other towns in Middlesex County. If you are thinking about selling your house in Sudbury, it’s never too soon to start planning your move – click to request a homeevaluation or call 508-596-3501 to talk with your Sudbury area specialist. 

Happy Home Owners in Sudbury!

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About the author: Marilyn Messenger has been representing home buyers and seller in Sudbury, Wayland, Maynard, Stow, and the towns west of Boston since 1993. She is a Certified Residential Specialist (CRS), an Accredited Buyer Representative (ABR), and a licensed real estate broker associated with Andrew Mitchell and Company in Concord. She is the top recommended broker on Trulia in Sudbury, Wayland, Stow, and Maynard. She has the skills and experience to achieve her clients' goals. You can reach Marilyn at 508-596-3501 or visit www.marilynmessenger.com to learn more.

Sudbury Real Estate Market Update - Sale Prices Up in May!

Sudbury MA - Sale Pending

Overall, the Sudbury market is similar to many of the desirable suburbs that are commutable
distances from Boston, Cambridge, and Waltham.

There are fewer single-family homes for sale that last year at this time. The number of closed sales both in May and year-to-date through May 31 is also less than in 2013 for the same time periods. Median sale prices are for closed sales were higher higher, and the luxury properties market is thriving again as is the 55+ condominium market.

Lower supply meant to increased competition among buyers and it was not unusual to see houses have accepted offers within a day or two; many receiving multiple offers/bidding wars. I am starting to see some closed sales with sale prices above asking. Keep in mind, it generally takes about 60 days to close from the time of an offer; the buying decisions for these houses were made a couple of months ago at the peak of the Spring market.

As busy as the market has been, there were still very single-family home sellers who had to reduce their list prices because their houses were not selling.

Here is the link to more details on my Trulia blog. Contact me at 508-596-3501 to discuss how the market effects your decision to buy or sell a house in Sudbury. Search for homes or request a market valuation for your home at www.marilynmesenger.com.
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Here is the April 2014 real estate market video report for Sudbury MA:

As of April 30 2014 there were 67 single family properties offered for sale in Sudbury, MA. These properties were on the market an average of 138 days and the median listing price was $939,000.

15 single family properties were sold in April 2014, 11% less than last year. Time on market is down and the median sale price in April 2014 of $665,000 was about the same as compared to last year at this time.

Current activity is brisk, houses that are priced correctly are getting accepted offers quickly, often within just a few days. In any market, houses that are not priced correctly to do not sell and require a price reduction in order to expose the property to the right buyers. There were 13 price reductions on single-family homes during April. 

 

As of today, May 12, 2014, the number of single-family homes for sale in Sudbury has actually surpassed the number at this time last year! There are 74 for sale, up from 69 last year. Luxury home buyers have excellent choices in Sudbury as $1 million to $1,499,999 is the price range with the highest inventory - the are 24 luxury properties for sale in Sudbury, up from 20 last year. The price range with the next highest number of homes for sale in Sudbury is $900,000 - $999,999; there are 13 for sale.

 

Contact me at 508-596-3501 if you would like to know more about the Sudbury real estate market.

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Marilyn recently represented me in a very successful real estate transaction. I was a first time seller and the sale was quite non-routine. Marilyn expertly guided me through the entire process. She maintained a high level of contact and was always available. I had a great experience working with Marilyn. I would both retain her again and recommend her without hesitation.

Kristin Lacroix
Chief Financial Officer at Massachusetts Department of Environmental Protection

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Search for homes or request a home valuation report: www.marilynmessenger.com

 

 

Sudbury Real Estate: March Home Sale Prices Up 14%

Great news for home sellers in Sudbury. Sale prices were up 14% for single-family homes. Inventory in Sudbury MA remains low; less competition makes this a good time to put your house on the market for sale. Check out the video for more.

Visit www.marilynmessenger.com for additional details about the Sudbury real estate market including condominium/townhouses. You can also view reports for Wayland, Concord, Maynard, and Stow MA.

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Sudbury MA Real Estate - Housing Market Stong in Q1!

Watch the slide show for Q1 data

The housing market in Sudbury made a strong comeback in the first quarter of 2013. The number of homes sold and the median price was back to peak, while the number of new listings that came on the market was historically low.

Price It Right: Homes sellers who price their houses correctly are getting offers (multiple offers in some cases) quickly; while those who were overly optomistic and went on the market too high are taking longer and we are seeing price reductions every day.

Be Prepared and Be Careful:  People who are serious about buying are acting quickly, especially those who may have missed out on a home they wanted. Being prepared is more important than ever, however, it is still important to think things through and not to make costly mistakes like waiving the home inspection or offering more than you can comfortably afford.

As the spring season comes into bloom, there will be more houses coming on the market. Stay positive, learn from your experiences and have an experienced and knowledgeable buyer agent/broker on your side.
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Want to know more? Call me at 508-596-3501 or visit www.marilynmessenger.com for listings, real estate information and market reports for Wayland, Sudbury, Maynard, Stow, and Acton MA
 

Sudbury MA - Home Sales and Prices Continue Upward!

Currently there are 161 single family homes for sale in Sudbury; last year at this time there were 157. Forty of the 161 active listings already have accepted offers and are being shown only for backup offers until contingencies have been fulfilled.
List prices in Sudbury range from $154,900 to $2,795,000. The good news for buyers, and for sellers who plan to either move up or down-size in Sudbury, is that median and average list prices are lower than last year at this time. The median is $729,900; the average is $859,179. The median last year at this time was $795,000; the average was $905,375.
Homes that are priced correctly are selling quickly however, there were also 37 price reductions on 33 properties during the past 3 months; the average change was -5.37%. This is important for homeowners who plan to sell to keep in mind when deciding on the list price.
Sales Pending: There were 33 single family properties that went pending in May, up from 25 in May 2011 and also up from 20 this past April. These pending sales will close in the next month or two and sale prices will be known upon closing.

Closed Sales May: There were 23 closed single family home sales in May, up from 14 in May 2011. The median sale price was up - $723,000 compared with $627,500 in May 2011. The average sale price was also up - $728,622; the average in May 2011 was $627,500.
Year-to-date Sales (1/1/2012 - 5/31/2012): Year to date sales and prices continue to increase over last year. There have been 74 closed sales in 2012, up from 48 for the same period in 2011. And sale prices are also up. The median sale price in Sudbury through 5/31 was $673,200; up from $568,500 for the same period in 2011.

Condominiums/Townhouses: – Closed sales of condos in Sudbury were also up in May and year-to-date over last year for the same period. There were 4 in May, up from 2 in May 2011, however, median sale prices were lower - $553,750 compared with $597,500 in May 2011. 

If you want to live in Sudbury, be prepared to step up when you find a house that fits your needs. Get pre-approved for a mortgage before you visit any houses so you know exactly what you can afford. Decide what the trade-offs are (location, size, and condition) and connect with an experienced buyer broker/agent who can navigate you through this busy market!

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Sudbury MA - Q1 Home Sales Highest Since Peak!

Lots of happy home sellers in Sudbury as the Spring real estate market arrived early and the number of single family homes sold was the highest since the peak in 2007.

In March, there were 21 closed sales up from just 7 last year when we were still buried in snow! Median and average sale prices in March were higher than last year and although have not made it back to 2007 levels, the housing market in Sudbury is moving in the right direction!                                                      

The current median list price in Sudbury is $768,500 compared with $862,500 last year at this time. The average list price is $885,045, last year it was $972,462.
More realistic pricing bringing buyers and sellers together again. There are currently 21 sales pending in Sudbury and there are 41 single family properties that have accepted offers. Homes that are priced correctly are getting offers in just days and we are seeing multiple offers too!

Buyers who want to live in Sudbury, be prepared. Get pre-approved for a mortgage so you know exactly what you can afford, decide what the trade-offs are (location, size, and condition) and connect with an experienced buyer broker/agent who can navigate you through this busy market!

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Wayland Market Report - Fewer Single Family Sales in 2011; Condo Sales Improve!

Single Family Homes: Good news for people who would like to live in Wayland. Inventory is up and the median list price is less than last year. There are 76 single family homes for sale in Wayland; 20 more than last year at this time.

List prices for single family homes in Wayland range from $179,900 to $18,800,000. At $627,000 the median list price is lower than last year at this time when it was $809,450. The average is $1,396,905, higher than last year when it was $1,099,993. Of the 76 single family homes for sale, 11 already have accepted offers and are being shown until contingencies clear. There are 13 properties with sales pending.

Closed Sales 2011 vs. 2010:
2011 – 123 closed sales
Median sale price - $560,000; average sale price - $616,096
Average time on market – 123 days

2010 – 133 closed sales
Median sale price - $565,000; average sale price - $629,815
Average time on market – 140 days
4^th Quarter Sales:
2011 – 18 closed sales
Median sale price – $555,750; average sale price - $580,906
Average time on market – 144 days

2010 – 29 closed sales
Median sale price - $548,000; average sale price - $652,164
Average time on the market – 157 days

December sales:
2011 – 7 sold; exactly the same number as 2010.

2011 Median price - $720,000; average price - $716,786
Average time on the market – 195 days

2010 Median price - $726,000; average price - $555,929
Average time on market – 114 days.

Condominiums/Townhouses: Condominium and townhouse sales improved dramatically in Wayland in 2011.

There were 41 closed sales compared with only 25 in 2010. The median sale price was higher at $559,000; in 2010 it was $585,319. And it took less time to sell; average time on the market in 2011 was 144 days; in 2010 it was 319 days.

There are currently 29 condo/townhouses for sale in Wayland including new construction at DeColores Drive near Commonwealth Road, Wayland Commons off Route 27, and The Field at Mainstone. Prices including resale and new units range from $329,900 to $1,100,000.

Luxury Homes Market: As in most towns in the area, the luxury homes market in Wayland still has the best opportunities for buyers. There 23 luxury homes for sale. Some of these properties have been on the market for several months; the average time on the market is 213 days. Winter is a great time to get a deal!

Click here to search complete MLS listings with addresses and maps; news and information and market reports for Wayland, Sudbury and the towns west of Boston. Visit and “like” www.facebook.com/livingwestofboston for the latest real estate news and community information. Data source: MLSPIN (Multiple Listing Service Property Information Network.

Sudbury Real Estate - Q3 Home Sales Up!

For Sale: Inventory of single family homes on the market in Sudbury is the same as last year; there are 134 with list prices ranging from 150,000 to $3,199,900. However, both median and average list prices are lower than last year. The current median is $788,750; the average is $906,004; last year the median was $850,000; the average was $999,736. Current activity shows there are 17 single family properties with accepted offers and 13 have sales pending.

Luxury Homes: If you are looking for a luxury home west of Boston, Sudbury has lots of excellent values; there are 40 properties listed between $1 million and $3,199,900; 26 of them in $1,000,000 to $1,499,900 range. With the average time on the market at 209 days, many sellers are ready to considers offers seriously. 

Rentals: There are also 13 rental properties available in Sudbury. Rents range from $1500 per month to $7500. Most rental properties require a 12 month lease with a first month, last month, and one month security deposit; and often the tenant is responsible for the leasing agent’s fee as well. In some cases this amount can be as much or more than a down payment on a mortgage and with interest rates still low, buying makes more sense for most people. People should consider long term and short term goals before deciding.

Closed Sales: There were 69 closed sales in Sudbury during the third quarter this year; up from 55 during Q3 in 2010. The median sale price for Q3 2011 was $655,000 a bit lower than last’s year median of $670,000; while the average at $737,660 was a bit higher than the Q3 2010 average of $714,861.
September sales were similar; 15 sales with a median price of $655,000 and an average price of $736,825 compared with 14 sales during September 2010 with a median sale price of $701,000 and an average sale price of $724,071.

Condos/Townhouses: For anyone looking for easy living, there are some excellent condominium/townhouse opportunities in Sudbury. There are 16 units available; most are new construction with prices starting at $499,900.

Find your next home here or search on Facebook at Living West of Boston (like us first.)

Sudbury Housing Market - Single Family Closed Sales Steady Though July

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The market for single family homes in Sudbury MA has remained steady with 97 closed sales between January 1, 2011 and July 31, 2011; almost exactly the same number sold during the same period in 2010. Median and average sale prices were also very close; the median sale price was $637,500; the average sale price was 699,243. 

$610,000 - Sold in Sudbury;
the median price in July 2011

The number of new homeowners in Sudbury during the month of July was 23, also the same as last year. The median sale price in July 2011 was a bit lower at $610,000 than in 2010; the average price in July was $714,115.

Currently, there are 138 single family homes for sale in Sudbury; last year at this time there were 133 - the number of homes varies by price range and in some there are fewer than last year. 16 of 138 active listings have accepted offers with contingencies waiting to be fulfilled. Since August 1, thirteen single family homes came on the market; and 14 listings have had price adjustments avereging -5.03%. Additionally there are 19 homes in Sudbury with sales pending.

List prices range from $175,000 to $4,500,000. The median list price is $750,000; the average is $909,489 - both approx. 11% lower than last year. The average time on the market for active listings is 146 days; last year it was 164 days.

For anyone looking for easy living, there are some excellent condominium townhouse opportunities in Sudbury. Inventory is up and there have been substantial price reductions for some of the new construction for active adults.

Summer goes by quickly in New England and the Fall market is starting. People who want to move in October, November, December are putting their homes on the market in August and September. Buyers looking for good opportunities should start their searches now to get the best choices. Most homeowners do not want to have their houses on the market in the winter, so they are more motivated to sell at this time of year.

Click here to search for homes in Sudbury and get daily MLS updates. Search for homes on Facebook at www.facebook.com/livingwestofBoston.

 

Sudbury MA - Bright Spot in the Housing Market west of Boston

Sudbury MA is one of the brighter spots in the housing market these days as sales and recent prices have increased over last year. Currently, there are 156 single family homes for sale. Of the 156, 38 (approx. 24%) already have accepted offers, however, there are still many excellent opportunities for home ownership, especially for buyers looking for luxury properties. There are also 21 properties with sales pending. 
Despite the increase in recent sale prices, list prices in for single family homes in Sudbury are lower than last year at this time and range from $175,000 to $2,795,000. The median list price is $796,750 and the average list price is $912,003. Last year at this time list prices ranged from $199,000 to $3,195,000; the median price was $872,450 and the average was $1,008,617. Average time on the market is 153 days; last year it 171 days. As with the number of homes for sale, time on market varies by price range.

Between May 1 and June 15 there were 23 closed sales compared with 18 for the same period in 2010. The median sale price was$630,000 and the average was $699,728; both higher than last year when the median was 588,500 and the average was $647,333. While every house did not appreciate by the same amount, most sellers were happy to sell; and buyers who may have paid more than they may have last year where happy to beat the competition (yes, there were some bidding wars!) and were able to enjoy super low interest rates – a winning situation for all who wanted to move on!

For anyone looking for easy living, there are some excellent condominium/townhouse opportunities in Sudbury. Inventory is up and there have been substantial price reductions for some of the new construction for active adults.

Click here to search for homes in Sudbury and get daily MLS updates. Search for homes on Facebook at www.facebook.com/livingwestofBoston.

Get the latest market reports for Weston, Wayland, Sudbury, Maynard, and Stow at www.marilynmessenger.com.

Wayland Real Estate Market - Condo Market Active; Single Family Home Sales Flat

Here's what's going on in the Wayland real estate market:

Single Family Homes: Current list prices for single family homes in Wayland range from $138,990 to $21,750,000. The median price is $762,450; the average is $1,125,077; both higher than last year at this time when the median list price was $647,000; and the average was $987,074. After a slow start, the number of single family homes for sale has increased to 114 up from 98 last month. The average time on the market for current listings is 158 days. Inventory levels and time on the market are very similar to last year at this time however, both vary by price range.

Of the 114 single family homes for sale, 14 already have accepted offers and are being shown until contingencies clear; and there are 22 homes with sales pending.The number of closed sales was up a bit from last year in May – there were 14 compared with 12. The median sale price in Wayland during May was $567,000; the average was $665,179, both higher than last year but not significantly.

Year-to-date through 6/15 there were 50 closed sales; last year there were 46. Sale prices were also similar. Overall the market in Wayland remains pretty flat and as a result many sellers are adjusting their list prices according; there have been 60 price adjustments on 51 single family properties in Wayland since May 1. The average adjustment was -7.91%. 

Condomiums/Townhouses: The condominium and townhouse market in Wayland is more active than last year. There are 28 units for sale, only 2 less than last year; however, 5 of the 28 have accepted offers. There are 8 units with sales pending. The list average price per square foot for townhouses with sales pending is $250. 

Luxury Market: As in most towns in the area, the luxury homes market in Wayland still has the best opportunities for buyers. There 33 luxury homes available, some have been on the market for a year or longer, so the choice is yours!

Click here to search complete MLS listings with addresses and maps; news and information and market reports for Sudbury, Stow, Maynard, and Weston MA. Facebook users, you can search without leaving FB at www.facebook.com/livingwestofboston and let us know what you think about Wayland.

How's the Sudbury Real Estate Market?

As in most places, the number of homes sold and median and average sale prices for single family homes in Sudbury during the first quarter of 2011 were down from the same period in 2010. There were 18 single family homes sold between 1/1 and 3/31/2011 compared with 22 in 2010. The 2011 first quarter median price was $556,000 and the average was $584,889. During Q1 2010 the median price was $646,250 and the average $710,000.

While that may sound discouraging for sellers and give buyers the idea that they can take their time and then make low offers, March and April have been substantially more active and there are 26 single family homes with offers accepted and 17 with sales pending. Sellers who priced their properties to position themselves in the marketplace as "good deals" or as Jordan's Furniture calls it "under-pricing", are getting offers pretty quickly. Others who want to use the price to show that their house is "better" are staying on longer.

Current list prices for single family homes range from $174,000 to $2,795,000; the median price is $849,900; last year at this time it was $876,750. The average list price is $965,531 compared with $1,020,914. The average time on the market is 168 days, last year at this time it was 176 days.

After this past winter, it's no wonder that a lot of people are thinking about owning a condominium. There are currently 25 luxury townhouses for sale in Sudbury with prices ranging from $459,900 to $699,000. Recent activity shows there are 5 with accepted offers and 4 with sales pending. First quarter sales for townhouses in Sudbury up slightly from first quarter last year; median and average prices were also higher.

If you are thinking about renting a property in Sudbury, there are only 5 available. Rents in Sudbury range from $1400 per month for a 2 bedroom, 1 bath unit, to $7,000 per month for an 18 room luxury home. When adding up the cost of a first, last, and one month security deposit plus the rental agent's fee, buying may be a better option.

Interest rates are still the lowest in decades, so it's a great time for buyers and sellers to make a move. 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.

Is This a Good Time to Sell Your House?

Recently I was chatting with a woman who was complaining about the cold saying that her friends and relatives in Florida keep telling her she should move there. Sounds like a good idea to a lot of us in Massachusetts as we look at the endless piles of snow… So I mentioned I’m a real estate broker and that my Realtor friends in Florida send me information about some fabulous opportunities especially in Naples and Fort Myers where she would be going. We talked about what a great house she could buy for so much less money than here :) and then she said: “but it’s such a bad time to sell, nothing is selling!”

Really? While hardly a day goes by without a headline about “the housing market”, as if there is one big market when really there no such thing; all real estate is local and whether houses are selling or not depends on supply and demand which varies greatly around the country. In New England it varies from town to town and within the town it can vary by price point. While the supply in places like Florida and Nevada is still high, right now the supply of homes for sale in the towns west of Boston is really low. Compared with last year at this time the number of single family homes for sale in Sudbury has dropped by 18%; 21% in Maynard; and 30% Wayland! Of course, no one can tell you exactly what the demand is, however, based on 2010 absorption rates and the increased number of calls from buyers since Thanksgiving, I would say buyers are hungry for new listings to come on the market.

Everyone wants to sell high and buy low! Well, if you’re selling in Massachusetts and moving to a state like Florida that still has a large supply of homes for sale you can actually to do that! When I explained that to her and told her about some recent single family home sales in town, she kind of got it but was still focused on selling for less than she could have a few years ago. I suggested that she think about where she wants to be rather than what could have been; and, more importantly that she could be with her family and not have to go through another winter like this.

Bottom line: whether it’s a good time to sell depends on you and where you want to go. Since most home sellers become buyers, selling is just a means to an end; one more step (albeit a big one!) in the buying process. If you are moving to a less expensive town or state, down-sizing within the same market, or even if you are looking to move up within the same town then it’s a good time to sell. Today’s low interest rates are another factor on your side. If you really are ready to make a move because that is what makes sense for your life, don’t let the naysayers deter you and don’t wait for everyone else to go on the market. Get the facts from a real estate professional and then you decide if it’s a good time to sell based on your market, not headlines!

Wayland Real Estate Market Report - 2010 Home Sales Up

Happy New Year and welcome to the first 2011 real estate market conditions report for Wayland MA.


Although, up from 50 last year at this time, the number of single family homes on the market in Wayland remains low at just 55 for sale. $900,000 to $999,999 is the price range with the highest increase in inventory - there are 8 homes for sale up from 3 last year at this time; so good opportunities for buyers in that range. Current activity shows that 2 of the properties already have accepted offers and are being shown until contingencies clear. Additionally, there are 10 single family properties with sales pending.

The average time on the market for current listings is 254 days; last year it was 299. However, buyers consider homes that have been on the market for more than six months either to be over-priced or stale or both; those who have been looking for a while are ready to jump on new offerings that are fresh and priced realistically. Anyone thinking about selling, this is a good time to get your house on the market while there is little competition.

List prices in Wayland range from $179,000 to $4,795,000. The median list price is $784,000; last year at this time it was $677,450. The average list price is $1,099,023 compared with $1,203,864 last year.

The number of single family homes sold in Wayland for all of 2010 was approximately 4% higher than in 2009. There were 133 compared to 129. Sale prices ranged from $135,000 to $3,910,000. Both median and average sale prices were also higher. The median was $565,000, up $30,000 from the 2009 median. The average was $629,815, up from $585,245 in 2009. Sales of luxury homes almost doubled in 2010 - there were 11 homes sold for over 1 million dollars compared with six in 2009. Luxury home buyers saw good values and made their move.

On a monthly basis, December sales were lower than last year; 7 compared to 12; the median sale prices was higher at $625,000; the average sale prices was $555,929, just under $4,000 less than the average in December 2009.

While median and average prices are helpful information, the market value of any property depends on the supply and demand which can vary greatly for each price range. It is important to understand your specific market when determining the list price that will attract the highest number of buyers; or if you are a buyer trying to determine what you are willing to pay.

For anyone looking for easy living, there are still excellent opportunities in Wayland, however, fewer than last year at this time. There are 23 condominiums, including duplex and townhouse styles with prices ranging from $399,000 to $985,000. Of the 23 active listings there are 2 condominiums with offers accepted waiting for contingencies to clear. There are 4 condos with sales pending. Closed sales of condominiums in Wayland were also up in 2010 - 25 compared to 21 in 2009; and both median and average sale prices were also up. The 2010 median price was $485,000; the average was $639,980.

Data source: MLSPIN (Multiple Listing Service Property Information Network.

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Sudbury MA Real Estate Market Report - YTD Sales Up!

Welcome to the Sudbury MA real estate market conditions report for December 2010.


Overall there are 94 single family homes for sale in Sudbury; exactly the same number as last year at this time, however, a breakdown by price range shows that inventory has increased in some and decreased in others. The price range with the largest increase of homes available is $500,000 to $599,999 - there are 10 compared with 3 year ago.

The range with the highest number homes for sale continues to be the $1 million to $1,500,000 - there are 16 luxury homes in this price range; last year there were 24; however, the $900,000 to $999,999 has increased to 11 from 6 last year. This is due to downward price adjustments for home that were not positioned competitively for the market.

Recent activity shows there are 3 properties with accepted offers that are still considered "active" listings and are being shown for backup offers until contingencies are met. There are 17 with sales pending; up from 12 last month.

Current list prices for single family homes range from $174,000 to $4,500,000; the median price is $912,000; last year at this time it was $957,449.50. The average list price is $1,067,929 compared with $1,152,940. The average time on the market is 217 days down from 247 days last year. As with inventory, time on the market varies by price range.

There were 7 closed sales during November 2010 compared with 13 during November 2009. The median sale price was lower - $480,000 vs. $513,000. The average sale price was higher - $590,624 vs. $582,365.

Year to date, as of December 15, there have been 176 single family homes sold in Sudbury; up from 160 for the same period in 2009. Additionally, 11 of the sales pending are anticipated to close by year end, bringing the total number of homes sold in Sudbury for 2010 to 187. There were 165 in 2008; and 220 in 2007 at the peak of the market.

As of 12/15/10, median and average sale prices in were also higher for the year. The 2010 median was $633,750; the average was $698,779.

Looking for easy living? There are currently 21 luxury townhouses for sale in Sudbury. Most are new construction and age restricted/adult only developments however there is some new construction that are not age restricted.

Interest rates are still the lowest in decades, so it's a great time for buyers and sellers to make a move. 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 or to ask a question e-mail marilynmessenger@realtor.com. Facebook users, you can now search for homes without leaving FB; just visit and "like" www.facebook.com/livingwestofBoston.

5,365 Reasons to Stay on the Market During the Holidays!

Having your house on the market during the holidays can be inconvenient and a lot of sellers assume that nothing will happen anyway.

Did you know that last year 65 single-family, condominiums, and multi-family homes in Wayland, Sudbury, Maynard, and Stow went under agreement between November 20, 2009 and January 05, 2010? There were 16 in Wayland, 25 in Sudbury, 11 in Maynard, and 13 in Stow! Statewide in Massachusetts, the total was 5,365! Here are some of the reasons why:


Less competition – a lot of people will take their homes off the market, so buyers will have fewer choices; make your home one of the choices.

Serious buyers – while there may be fewer buyers, the ones who are looking tend to be more serious. Everyone likes to look at houses in the Spring; it’s almost like entertainment for some. At this time of year people are busy and the daylight hours are shorter. People who are taking the time to look are serious.

Taxes - Many buyers want to close by year-end for tax purposes and it is still possible; they are ready to move, so you can get it done quickly and move on.

Things to celebrate – people get engaged over the holidays, get bonuses, etc. so they have good reasons to buy.

Job Relocation – this is when a lot of people who are coming to the area to start jobs in the new year come to buy – Massachusetts unemployment is down and companies are hiring again. If they have school children they can make their move during the school vacation get settled for second semester rather than starting in the middle.

Family and friends. People who are thinking about moving back to the area come “home” to visit family and friends and go out to look at houses while they’re here.

Sellers become buyers. If you’re buying another home, you can take advantage of opportunities to purchase from another serious seller, year-end tax breaks etc.

Momentum. Taking your home off the market breaks the marketing momentum. Someone who likes your house online may be waiting until they get their bonus, or job confirmation, holiday gift. If your house disappears from the market, they will buy something else.

Houses do sell over the holidays - 65 in just four towns last year!If your house is priced properly and you keep it on the market, yours may be one of them. Happy Holidays!

Date source: MLSPIN (Multiple Listing Service Property Information Network)

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Sudbury Housing Market - Closed Sales Up!

Welcome to the Sudbury MA real estate market conditions report for July 2010.

Overall there are 143 single family homes for sale in Sudbury; 3 less than there were last year at this time. $1,000,000 to $1,499,999 is still the range with the most houses - 33 up from 30 a year ago. The price ranges with the highest increase in inventory are $700,000 to $799,999 - there are 21, up from 11 last year; and there are 15 between $600,000 and $699,999 - compared with 6 last year. The range with the largest decline is $400,000 to $499,999 - only 3 compared with 10 at this time last year.

Recent activity shows there are 19 properties with accepted offers that are still considered "active" listings and are being shown for backup offers until contingencies are met. There are 17 with sales pending.

Current list prices for single family homes range from $199,000 to $3,195,000; the median price is $849,000, down from $879,000 last year. The average list price is $1,009,924, down from $1,118,234 last year at this time. Average time on the market is 171 days; last year it was 168 days. As with inventory, time on the market varies by price ranges.

As anticipated, June was a busy month for single family closed sales in Sudbury. There were 30 compared with 24 for the previous June. The median sales price during June 2010 was $622,500; up from $613,750 in June 2009. The average was $651,113; approximately $40,000 less than last June's average. The average time on the market was 100 days compared with 130 days for closed sales in June 2009.

There were also 5 condominium/townhome sales in June 2010 compared with only 2 during June 2009. The median sale price was $540,000; the average was $497,417.

Visit www.MarilynMessenger.com for complete MLS listings with addresses & maps; the latest market conditions reports for Sudbury, Wayland, Weston, Maynard and Stow MA; news and information to help you plan your next move.

*Data source: MLSPIN (Multiple Listing Property Information Network

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)