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Home Buying & Selling in Sudbury, Wayland, Maynard, Stow MA...

By Marilyn Messenger | Broker in Sudbury, MA

Sudbury Real Estate Report: Fewer Houses for Sale; Good Time to Sell!


Welcome to the Sudbury MA Real Estate Market Conditions report for February 2011. Overall there are 87 single family homes for sale in Sudbury; last year at this time there were 96.

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, twice as many as a year ago. The range with the largest decrease in homes for sale is $1,000,000 to $1,499,999 - there are 15 compared with 30 last year at this time; however, it is still the range with the highest number of homes for sale. Additionally, there are 15 luxury properties in Sudbury that listed for over 1.5 million.

Recent activity shows there are 11 properties, up from 5 at this time last month, with accepted offers that are still considered "active" listings and are being shown for backup offers until contingencies are met. There are 8 with sales pending.

Current list prices for single family homes range from $174,000 to $4,500,000; the median price is $849,000; last year at this time it was $982,000. The average list price is $1,031,341 compared with $1,118,209. The average time on the market is 248 days, exactly the same as last year.

Closed sales were up during the month of January 2011, there were 6 closed sales compared with only 4 during January 2010. The median sale price was $511,000; the average was $545,167.

Looking for easy living? There are currently 25 luxury townhouses with prices ranging from $467,000 to $745,000 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. 2 of the active listings have offers accepted and are still being shown until contingencies clear; there are also 6 townhouses with sales pending.

Interest rates are still the lowest in decades, so it's a great time for buyers and sellers to make a move. Low inventory means less competition for sellers; and buyers are ready for some fresh inventory to hit the market. Visit
www.MarilynMessenger.comfor 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.


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