Health & Fitness
Sudbury Housing Market Update - Y-T-D Sales Up; Prices and Inventory Down
Year-to-date more sales, lower prices, lower inventory - get the latest market update from local real estate broker and buyer agent Marilyn Messenger.
Current (9/27): There are 116 single family homes for sale in Sudbury; last year there were 138. List prices range from $279,000 to $2,199,000. The median list price is $754,950; the average is $893,573. Last year at this time the median list price was $757,500; the average was $888,789.
Although overall inventory is lower, there are prices ranges where there are more homes available than last year, so there are good opportunities for home buyers who would like to live in Sudbury. The price range with the largest increase is $700,000-$799,999. There are 21 compared with 15 last year; and the average time on the market for these listings is also higher at 190 days. As we head into the Fall market, these sellers will be looking to make a deal before the winter.
Luxury property buyers have even more opportunities in Sudbury; there are 23 luxury homes available in the $1,000,000 - $1,499,900 range; and 12 between $1,500,000 and $1,999,900.
If you’re thinking about selling your home in Sudbury, lower inventory makes this a good time provided you price your property realistically. Don’t wait for more competition! Click here to see the single-family homes for sale in Sudbury.
Find out what's happening in Sudburyfor free with the latest updates from Patch.
Closed Sales August 2012: there were 29 closed sales during August 2012, down from 31 during August 2012. The median sale price was $606,000, 14.6% lower than the August 2011 median of $709,500.
Pending Sales: There were 25 sales pending in August; exactly the same as in August 2012.
Y-T-D through August 31, 2012: Closed sales were up by 37.5% in Sudbury for the first eight months of 2012; there were 176 up from 128 for the same period in 2011. However, the 2012 median sale price was $639,500 was 2.7% lower than last year for the same period.
Find out what's happening in Sudburyfor free with the latest updates from Patch.
Condominiums (townhouses and garden style): There were no closed sales of condominiums during August; last August there were 5. Year to date through 8/31, there were 12 compared with 20 closed sales of condominiums. The number of condominiums for sale in Sudbury in August was also less; only 13 compared with 18.
The majority of condominium/townhouses for sale in Sudbury are new construction that will be ready for delivery over the next few month with many into next spring.
