Real Estate Sales for Upton, MA - Home Sales and Real Estate Market Report (Nov, 2014)

The Upton Homes For Sale Market Report

Checking in to Upton, we see that Upton, like lots of places, is seeing an increase in inventory over last year. Unlike a lot of places, Upton really hasn't see the price appreciation that other places have. Translation: There are still good deals in Upton, but you need to be very careful! Why? Well it has to do with the metric I've been collecting over the past months. We'll get to that in the second chart.
Can’t see the chart? You can find it Here .

What should active home buyers do in Upton ?

If you look at the chart below, $/sq foot has remained steady at about $170/sq foot. But the red line shows what the average seller is expecting - and that has risen sharply. Basically, looking at the two charts, we see that buyers have been smart about purchasing the value properties, while the more expensive properties have not sold. This doesn't mean every house on the market is too high - but it suggests that many of them are too high in price - and that buyers choosing "best available" could be paying a premium over buyers in the recent past. It's worth noting that the gap between expectations and sale prices is among the highest I've seen in the short time I've been collecting the metric.


What should potential home sellers do in Upton ?

Many sellers are too high right now, but buyers are moving on properties priced fairly. Don't reach for a price, and you'll be rewarded with a short sales cycle (just 55 days in Upton) as buyers remain motivated.


Upton Houses For Sale and Sold Market Statistics - Raw MLS Data


  • Upton ‘s “Home Seller Index” (HSI): 91 Last Report: 100
  • There are 36 homes listed as For Sale.
  • There have been 62 houses sold in the last 6 months, and 28 homes sold in the last 3 months in Upton.
  • The Average number of Days on Market was 55 days for just SOLD homes.
  • There is an Average Market Time of 163 days of the Upton homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $169 (vs. $170)
  • Current sellers are looking for $196 /sq foot
  • There was an Average Sold Price of $385,291 for sold homes.
  • Upton, MA, has 3 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 1 properties advertised as a short-sale is going to be needed by the lender.



*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).





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Real Estate Sales for Sutton, MA - Home Sales and Real Estate Market Report (Nov, 2014)

The Sutton Homes For Sale Market Report

The Sutton home sales report checks in with a few surprises. Let's check them!
Can’t see the chart? You can find it Here .
First off, the HSI has it's second strongest showing in Sutton so far, and that typically means the market is headed up. Prices, in fact, have really moved, as buyers have clearly like the price point in Sutton. It took a while for the real estate recovery to catch up to the Worcester suburbs, but with strong reports in Clinton, Sutton, and several other more rural burbs, that is what we are seeing.

What should active home buyers do in Sutton?

Seller's aren't crazy with what they are asking, and with prices on a run, things may feel expensive, but they aren't too much. It's not likely there will be a pull back here- there's pricing pressures all around, and Sutton probably will either hang around here or continue to push up.

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What should potential home sellers do in Sutton?

Now is a great time to start planning for 2015. The market in Sutton looks good, homes for sale are low, and while the spring could still be modest, prices should hold where they are - near the highs we've been tracking.


Sutton Houses For Sale and Sold Market Statistics - Raw MLS Data


  • Sutton‘s “Home Seller Index” (HSI): 115 Last Report: 93
  • There are 49 homes listed as For Sale.
    Things are looking very attractive for Sutton
    Home Sellers!
  • There have been 74 houses sold in the last 6 months, and 46 homes sold in the last 3 months in Sutton.
  • The Average number of Days on Market was 61 days for just SOLD homes.
  • There is an Average Market Time of 138 days of the Sutton homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $179 (vs. $162 )
  • Current sellers are looking for $178 /sq foot
  • There was an Average Sold Price of $379,860 for sold homes.
  • Sutton,MA, has 3 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 1 properties advertised as a short-sale is going to be needed by the lender.



*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).


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Real Estate Sales for Sudbury, MA - Home Sales and Real Estate Market Report (Nov, 2014)

The Sudbury Homes For Sale Market Report

The run in Sudbury may be coming to an end, but it was a heck of a run. Let's look at the warning signs.
Can’t see the chart? You can find it Here .
You won't find the weakness in the HSI, that's actually up. But we've reached a tipping point in sales (they are slowing down) and the seller's are asking very high home prices from the current effective sales rate - almost 10% above where the recent closings are.

Significantly higher prices usually will stall a market advance, and that's what's in store here. If buyers keep the pressure on, expect to see higher prices in Sudbury, but I think a pull back in sales volume is more likely.

What should active home buyers do in Sudbury?

Well, you'll have to wait it out from here. The value properties are few and far between at this point. You are at great risk of overpaying by shopping in Sudbury right now.

What should potential home sellers do in Sudbury?

It's probably not a great time to list - but if you do - list closer to where the sale prices are - not the actives. You'll be perceived as a value, and with homes selling in an average of 46 days, you could move quickly, even this time of year.


Sudbury Houses For Sale and Sold Market Statistics - Raw MLS Data


  • Sudbury‘s “Home Seller Index” (HSI): 154 Last Report: 144
  • There are 74 homes listed as For Sale.
    Home Sellers have moved their expectations
    sky-high, it's not clear the market will meet them.
  • There have been 191 houses sold in the last 6 months, and 90 homes sold in the last 3 months in Sudbury.
  • The Average number of Days on Market was 46 days for just SOLD homes.
  • There is an Average Market Time of 125 days of theSudbury homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $246 (vs. $251 )
  • Current sellers are looking for $263/sq foot
  • There was an Average Sold Price of $767273 for sold homes.
  • Sudbury,MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 1 properties advertised as a short-sale is going to be needed by the lender.



*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).


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Real Estate Sales for Southborough, MA - Home Sales and Real Estate Market Report (Nov, 2014)

The Southborough Homes For Sale Market Report

When we look at Southborough, everything looks pretty rosy, except for one statistic. Prices. Prices have plummeted from $218 to $200 a square foot. Whenever I see a data anomaly like that, I ask myself first: Does that make sense?
Can’t see the chart? You can find it Here .
Let's remember the data set in Southborough is on the smaller side. When we look at all the other metrics, Velocity (how fast homes are selling) is up, Volume is up (home many homes are selling) and home inventory is down (just 44 on the market). Those are all positives, so it's no wonder that the HSI is up - at 132.

So what gives with prices? Well, there were some really low sales on a per/square foot basis, as distressed homes sold in the last batch of data. Within a small data set, if there are a larger number of them then typical (like 5 or 8), it could pull down the average per/sq foot price. Falling prices doesn't really seem to make sense with the current data set as a whole, but you can bet we'll be watching next cycle to see if there's a strong rebound, which we would expect.

What should active home buyers do in Southborough?

The distressed sales may mean that investors are moving in to rehab the houses. Overall, that's positive. But for buyers, it may make the fixer-upper a bit pricey. The other metrics show a fast moving market for homes priced right, and there's little inventory to choose from, so buyers still need to be aggressive in moving out there when they see something they like.


What should potential home sellers do in Southborough?

Home sellers should sit tight for now, as we're in the tail end of the season. With some mixed data in the set, probably makes sense to see the broader trend line before making a decision.




Southborough Houses For Sale and Sold Market Statistics - Raw MLS Data


  • Southborough's “Home Seller Index” (HSI): 132 Last Report: 110
  • There are 44 homes listed as For Sale.
  • There have been 88 houses sold in the last 6 months, and 49 homes sold in the last 3 months in Southborough.
    Home prices appear to be falling fast,
    but the other data suggests that it could be a red herring.
  • The Average number of Days on Market was 54 days for just SOLD homes.
  • There is an Average Market Time of 131 days of the Southborough homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $200 (vs. $218 )
  • Current sellers are looking for 221 $/sq foot
  • There was an Average Sold Price of $60,6065 for sold homes.
  • Southborough,MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.



*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).


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