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2013 Real Estate Market Overview

We've all heard that the Real Estate market had a great 2013, but exactly how good for your town?  MLSPIN year-end results are in and show that Framingham sold a total of 593 Single-Family homes, 185 homes were sold in Hopkinton, 125 homes were sold in Southborough, and Sudbury had 242.    

The Average Sale Price in these four towns increased 5% over 2012 Average Sales Prices. Southborough showed a +15.9% increase, Framingham +9.5%, Sudbury +8.1%, and Hopkinton +.5%.   

Does this mean your house is worth 15.9% more if you bought in Southborough in 2012?  Not exactly.  The average sale price increase isn't a scientific method of determining home value.  For a Competitive Market Analysis to establish your properties current value, please contact me at 617.640.1400.

Please see the attached graph for more data on your town.

I am a Realtor with Century 21 Commonwealth’s Framingham office, specializing in Metro West Real Estate.  You can reach me by email at maria.romero@commonmoves.com, or visit www.MetroWestRealEstateSales.com.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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