Sudbury Home Sales and Price Up in Q3

Sudbury Market Report

Sudbury Real Estate - Local Housing Market Update October 2014

Current Inventory: There are 86 single-family houses for sale in Sudbury; up from 70 last year on 10/20.  Current list prices in Sudbury range from $299,000 to $2,499,900. The median list price is $749,500; last year at this time it was $941,450. The average price in Sudbury is $852,109; last year it was $1,057,317. Click here to see homes for sale in Sudbury.

More homes for sale along with lower prices and mortgage interest rates (which dropped last week) should make things a bit easier for home buyers including sellers who will buy another home after they sell.

Sudbury - Under Contract in 3 Days!

Pending Sales:  More sales went pending during September 2014 than during the previous September. The median list price for sales pending was $739,000. Actual sale prices for these houses will be available after closing in the next month or two.

September Closed Sales: There were fewer closed sales in Sudbury during September 2014 with lower median and average sale prices than during September 2013. MORE...

Price Adjustments: In any market houses that are not priced correctly will not sell. There were 42 price changes/reductions on 38 single-family properties in Sudbury during the past month ending on 10/20.

Third Quarter 2014:  Sales and prices were up over last year for the third quarter in Sudbury. There were 97 single-family homes sold. The median sale price was $739,000; the average sale price was $769,066 MORE..

Condominiums/Townhouses: There are 14 townhouse condominium units for sale in Sudbury. Prices range from $365,000 to $838,000; the median list price for a townhouse in Sudbury is $674,168. The majority of the condominium townhouses that are for sale in Sudbury are in active adult/over 55/senior age restricted communities including the new townhomes at Dudley Brook Preserve off of Tall Pines Drive, and Mahoney Farms at 30 Nobscot Road.

New Construction: Buyers are entitled (and you deserve) to have your own buyer agent represent you when you purchase new construction. However, your agent/broker MUST accompany you to the sales office the first time you visit. As tempting as it is to just pop in and look around, if you do that, you will have to buy from the agent at the office and as nice as that agent may be, remember they work for the builder and not you! Having your own agent on your side will help you get the best deal.

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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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