Monday, January 13, 2014

Sudbury MA Real Estate Update - 2013 Sales & Prices Up!

2013 was a good year for selling a house in Sudbury MA. Both the median sale price and the number of single-family homes sold were higher than in 2012. Although the median price was still lower than in 2005 when the housing market peaked, there were more homes sold.

Even in the hottest market, correct pricing matters and there were lots of price reductions during 2013 and there were also a number of "expired listings", houses that did not sell during their listing contract period. There are generally three reasons why houses do not sell, and pricing is number one. Home buyers search by price and if a property is not priced correctly in will not be exposed to the right buyers.

Current inventory and list prices in Sudbury are lower than they were last year at this time. Only 44 single-family houses for sale; the lowest I've ever seen! And home buyers are out there. I visited six public open houses yesterday to preview listings (a buyer agent should actually see the houses!) and gage market activity. Buyers are definitely out there! Anyone thinking about selling, now is the time to put your house on the market for sale. Don't wait for everyone else. "The early bird catches the worm!"

                      Click on the slide show for details.

Contact me if you would like more information about the market, the buying or selling process, or to request a valuation report for your home in Sudbury, Wayland or any of the towns west of Boston. 

If you are thinking about buying a house, having your own buyer agent represent you is especially important when the market is so tight. As a buyer agent/broker, I will personally (in addition to automated systems) make sure you know about houses that come on the market right away and that you are prepared to move forward when you find home that's right for you.
-------------------------------------  - find a home; request a home valuation report; information to start planning your move. 

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