Home Buying in Westborough>Question Details

newbuyer, Home Buyer in 01581

How is the demand for the new townhomes in Westborough Village currently after the price hike? Will the prices go up as the construction progresses?

Asked by newbuyer, 01581 Tue Mar 19, 2013

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4
Hi Newbuyer,

You can see what is selling and for how much by researching the registry of deeds.
For activity that is pre-closing, you need to ask local professionals.

I would contact a local real estate professional to help with this answer and to save time and money.
(I'm on the Cape, but I can help you choose a local pro if you want help doing so.)


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2 votes Thank Flag Link Wed Mar 20, 2013
Price hike was smart given the increase in market activity. Out of the 39 units on the market 31 are under agreement.

Here is what's left:
http://www.territory.com/search?search_string=71476592%2C+71…

Territory.com
Massachusetts Premier Buyer Brokerage
617 848 5407 x701
Web Reference: http://territory.com/
1 vote Thank Flag Link Thu Mar 21, 2013
Probably.. Everything is market driven. If demand goes up, prices go up, It looks like rates will go up no matter what according to recent reports. According to a report from BrokerMetrics, for ALL condo's in Westborough, through Feb-12, 2012 vs. Feb-13 of this year, : The number of for sale properties is up 14% and the number of sold properties is down 50%, however, he average months supply of inventory is down 57%. The way I interpret this information is inventory is getting tight... prices are starting to go up and it looks unavoidable..

We at the Jim Gatos Group do not represent Westborough Village. Give us a call at 508-365-3581 and press "1" to get one of our buyer specialists. We can legally represent you, attempt to get you the best price, terms, and conditions, and help you obtain top notch financing! Best of all, it's all free and won't cost you nothing! Give us a call and we will be glad to help..

Thanks,
Jim
1 vote Thank Flag Link Wed Mar 20, 2013
This particular Builder raises the prices when they get a "run" of deposits. The amount varies by Community, the 'run' is usually 3 Deposits taken..The value is greater also as they near completion of the project as well. If interest is is great it is wise to lock in early, thus ensuring your home will increase in equity as the Community grows!

Regards,
Michelle
508-963-3004
0 votes Thank Flag Link Tue May 20, 2014
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