Southborough, MA Real Estate News

By John Savignano, Realtor - Hopkinton and Metrowest MA Real Estate
(RE/MAX Executive)
Report Run: 5/2/2009 10:45:05 AM Property Type(s): SF Status: SLD Start Date: 01/01/2009 End Date: 04/30/2009 Towns: Southborough Price Range # ofListings Avg. Dayson Market AverageSale Price   AverageList Price SP:LPRatio AverageOrig Price SP:OPRatio $0 - $49,999 0 0 $0   $0 0 $0 0 $50,000 - $99,999 0 0 $0   $0 0 $0 0 $100,000 - $149,999 0 0 $0   $0 0 $0 0 $150,000 - $199,999 0 0 $0   $0 0 $0 0 $200,000 - $249,999 3 99 $229,000   $239,600 96 $276,300 83 $250,000 - $299,999 0 0 $0   $0 0 $0 0 $300,000 - $349,999 5 170 $329,500   $341,160 97 $371,560 89 $350,000 - $399,999 3 147 $369,733   $387,967 95 $447,967 83 $400,000 - $449,999 1 131 $430,000   $439,000 98 $459,900 93 $450,000 - $499,999 0 0 $0   $0 0 $0 0 $500,000 - $599,999 1 109 $510,000   $519,900 98 $519,900 98 $600,000 - $699...
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By Kathryn Acciari, Relationship Manager/Mortgage Loan Originator
(Arc Home LLC)
Hollywood is coming to little Southborough! According to an article in the MetroWest Daily News, the Pilgrim Congregational Church and the Old Burial Ground cemetary in Southborough, MA, will serve as part of the setting for a new comedy movie starring Adam Sandler and David Spade.  Such excitement for this pretty New England town! Negotiations are still under way, but it looks like the Southborough filming will take place in May.  It is being produced by Lakefront Productions.  Check the newspaper for exact filming dates and street closings in town.
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By Judy Boyle, MBA CDPE CRP
(RE/MAX Signature Properties)
Market Update: Thanks to a Fed announcement that exceeded all expectations, it was a big week for mortgage markets. Mortgage rates ended the week down significantly, falling near the lows reached in January. The stock market and Treasury market also performed well during the week. Following Wednesday's meeting, the Fed shocked investors with an aggressive expansion of its mortgage-backed securities (MBS) purchase program. In addition to the previously announced $500 billion in MBS purchases which began in January, the Fed will buy an additional $750 billion this year, bringing the total to $1.25 trillion. To put this in perspective, $1.25 trillion represents more than half of the estimated total mortgage issuance in 2009. Similar to its November announcement about the initial $500 billi...
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By John Savignano, Realtor - Hopkinton and Metrowest MA Real Estate
(RE/MAX Executive)
2009 YTD thru February  Single family activity Sold volume Avg sold price Median sold price Days on mkt   2009 6 540,000 442,000 212 2008 5 506,000 338,000 81 Trend Up Up Up Up   While the number of homes sold was steady, the average sales price is up. The median price was is up quite a bit. The active price range in the market is in the  under $500,000 range.
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By John Savignano, Realtor - Hopkinton and Metrowest MA Real Estate
(RE/MAX Executive)
Southboro Market statistics 2007 vs 2008 Single family activity Sold volume Avg sold price Median sold price Days on mkt   2008 66 594,000 492,000 141 2007 88 591,000 527,000 158 Trend Dn 25% flat Dn 7% Dn 11%   While the number of homes sold was down dramatically, the average sales price held steady. The median price was down by 7% showing a slight leaning to the lower price ranges. The average days on market has improved by 13 days, which tells me sellers are more realistic about the original asking price and therefore the homes are selling faster.
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By John Savignano, Realtor - Hopkinton and Metrowest MA Real Estate
(RE/MAX Executive)
 this chart is meant to give you a snapshot of how the market is doing year to date compared to the same time period last yera. For a more in depth analysis please feel fre to contact me to discuss market conditions in different price ranges.   Southborough 1st qtr sales stat's (from MLS)   Single family homes # of sales 2007 # of sales 2008 Median sale $ 2007 Median sale $ 2008     16   22 $433,000 $571,000 Avg days on Market   192 163      
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By Mike Hunter, Wicked Awesome Realtor
(Gibson Sotheby's International)
Overall, Southborough is currently in a strong buyer's market, across all price points the average is a 9 month supply.There is a lot of variation across the various price points, so here's the current data for the Southborough Real Estate Market: If you would like help interpreting the information, or would like some help with marketing your home or buying a home, click here.Sellers market in the following price points:under $200,000 there is currently no supply$250,000 - $299,999 there is currently a 2 month supply Balanced market in the following price points:$400,000 - $449,999 there is currently a 5 month supply $500,000 - $599,999 there is currently a 6 month supply $1,000,000 - $1,499,999 there is currently a 6 month supplyBuyers' market in the following price points: $200,000 - ...
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By John Savignano, Realtor - Hopkinton and Metrowest MA Real Estate
(RE/MAX Executive)
 As of 8/31/07Comparing 1st 8 months 2006 vs 2007SOLDS      #sold     days on mkt       median sold price              2006             60               144                       $635,000                  2007            63                151                       $500,000sales volume is steady, days on market is up slightly, medin sales price is down Active on market      Active      days on mkt     median list price2006                                78               141                       $624,9002007                                70               150                       $624,900inventory is down, days on market is flat,  median list price is steady
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By Karen Richardson
(ERA Key Realty)
 Trottier Middle School VisionOur vision is that the Trottier Middle Schoolbe a place where adults and students alikewant to come and to succeed.Trottier will be a community in whichall feel respected and supported,and therefore safe to express themselvesand take emotional and educational risks.Kindness, cooperation, inclusion, tolerance,and eagerness to growwill be the hallmarks of this community.High expectations, creativity, critical thinkingand inquiry will shape our learning environment.
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Southborough, MA Real Estate Professionals