Real Estate Sales for Natick, MA - Home Sales and Real Estate Market Report (Oct, 2014)

The Natick Homes For Sale Market Report

The bellweather report is here! Natick is here! What for say you, Natick!
Can’t see the chart? You can find it Here .
What is that? An HSI below 200? Oh, no, the sky is falling in Natick!! The sky is falling! Or is it? Let's see.

Hmmm. Well, overall, the report is still really good. An HSI of 188 is nothing to sneeze at. Sales are over 3x actives, but the actives have come up. We've seen this in other towns, but small changes in the actives can make big changes in the HSI, as the ratios become more normallized. So What is happening? It was a good summer right?

Yes, it was, but with prices at $268/sq foot, I think a lot of buyers are starting to "give up" on Natick - and are looking further West. That explains the rising demand in Framingham and Holliston, for example, and I think Ashland's report was very good too. But overall, we are seeing demand lessen, or more importantly, more sellers are hitting the market. Either way, the supply demand curve is getting back to normal.

What should active home buyers do in Natick?

I'm going to take Natick off my "don't shop here" list. The prices are still really high, but at least they will be getting more rational, and competitive bids won't be over properties with location and condition issues. There will still be homes that sell in competitive bid situations, but you won't be competing against 5 and 6 bidders very often.


What should potential home sellers do in Natick?

Be more cautious! Make sure you home is ready. Buyers are making decisions quickly, so if you aren't priced right, you may hang around for a bit. Home sellers need to do more thinking, because putting a sign on your lawn is no longer good enough. The market is still covering many mistakes, but it may not much longer.


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


  • Natick‘s “Home Seller Index” (HSI): 188 Last Report: 210
  • There are 72 homes listed as For Sale.
    OK, the sky isn't falling in Natick - Home prices aren't
    either.  But it's no longer the crazy town
    we've come to expect.
  • There have been 268 houses sold in the last 6 months, and 152 homes sold in the last 3 months in Natick.
  • The Average number of Days on Market was 49 days for just SOLD homes.
  • There is an Average Market Time of 81 days of theNatick homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $268 (vs. $265 )
  • Current sellers are looking for $275 /sq foot
  • There was an Average Sold Price of $578,005 for sold homes.
  • Natick,MA, has 0 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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Real Estate Sales for Milford, MA - Home Sales and Real Estate Market Report (Oct, 2014)

The Milford Homes For Sale Market Report

Milford, like Millis, is showing us the classic signs we've come to expect.

Can’t see the chart? You can find it Here .
We have rising prices - slowly, but up - slightly more inventory, good transaction volume over the last 6 months, and solid HSI. A normal, functioning, upward trending market. There are a couple of things to note. Sellers remain very bullish on home prices - asking almost 3% above current sales rates. Also, I noted a big jump in bank impacted inventory - 7 homes - or about 10% of the market. Probably just a blip, because with sales volume this aggressive, those should move quickly.

What should active home buyers do in Milford ?

Active home buyers should shop carefully, deliberately, and understand the more complex milford market. Pricing is less simple here, and with homes moving quickly - and sellers asking high prices - knowing the intrinsic value is important.


What should potential home sellers do in Milford?

Home sellers should be encourage that prices are up. Re-financing is easier, and selling is easier too. Hold on has helped you - prices are up 23% off their lows - and yet surrounding towns make Milford a quality bargain, keeping demand firm.


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


  • Milford‘s “Home Seller Index” (HSI): Last Report:
  • There are 64 homes listed as For Sale.
    Get those rakes out!  Home buyers are still looking
    in Milford.
  • There have been 160 houses sold in the last 6 months, and 97 homes sold in the last 3 months in Milford.
  • The Average number of Days on Market was 77 days for just SOLD homes.
  • There is an Average Market Time of 77 days of theMilford homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $163 (vs. $159 )
  • Current sellers are looking for $170/sq foot
  • There was an Average Sold Price of $281,357 for sold homes.
  • Milford,MA, has 3 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 4 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 Millis, MA - Home Sales and Real Estate Market Report (Oct, 2014)

The Millis Homes For Sale Market Report

Millis checks in with a pretty standard report. Inventory levels increasing slightly, but the sellers still remain in charge. Prices are up - but only slightly over last year.
Can’t see the chart? You can find it Here .

What should active home buyers do in Millis?

With limited inventory, buyers should always consider another town where possible. Millis isn't easy to shop in right now, but it's not especially hard. The good stuff moves quickly, but there are quality options for those who can't be there at the first open house. Buyers should still be looking at many properties to make sure it's the right price, as some homes will be selling above fair market.

Find Your Next Home or Check out the Competition!


What should potential home sellers do in Millis?

With prices at their high since we've been tracking, it's a good time to sell. Demand isn't as sharp as last year, but there are still motivated buyers. This falls rate change - downward- may create some buying pressure.


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


  • Millis‘s “Home Seller Index” (HSI): 127 Last Report: 146
  • There are 23 homes listed as For Sale.
    Millis is looking very scenic this time of year,
    as home buyers keep the pressure on home prices.
  • There have been 51 houses sold in the last 6 months, and 27 homes sold in the last 3 months in Millis.
  • The Average number of Days on Market was 73 days for just SOLD homes.
  • There is an Average Market Time of 95 days of theMillis homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $202 (vs. $198 )
  • Current sellers are looking for 188 $/sq foot
  • There was an Average Sold Price of $413,162 for sold homes.
  • Millis,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 Marlborough, MA - Home Sales and Real Estate Market Report (Oct, 2014)

The Marlborough Homes For Sale Market Report

Marlborough continues to improve. I thought one data point worth mentioning is the is the first report where there were no foreclosures for sale in all of Marlborough. In November of 2012 (not so long ago), there were 19 foreclosures and short sales. Yikes! But improving prices have made that less of a problem.
Can’t see the chart? You can find it Here .

What should active home buyers do in Marlborough ?

There doesn't appear to be a lot of softening in the market, which we would expect to see this time of year. Prices look to be headed higher by next Spring. Marlborough has homes at deep discounts to surrounding towns, and they are finding buyers.

What should potential home sellers do in Marlborough?

With prices at their highest point in years, home sellers thinking about relocating may want to start getting ready. Get some opinions on what you can do to improve the marketable price, and put a plan in place to get on the market. Home Buyers are moving pretty quickly, and paying good prices. Prices may continue to rise - or not - so if you like the price you can get, start the process.


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


  • Marlborough ‘s “Home Seller Index” (HSI): 130 Last Report: 125
  • There are 78 homes listed as For Sale.
    Fall is here, but buyers are still home buying in Marlborough
  • There have been 198 houses sold in the last 6 months, and 120 homes sold in the last 3 months in Marlborough.
  • The Average number of Days on Market was 92 days for just SOLD homes.
  • There is an Average Market Time of 140 days of theMarlborough homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $172 (vs. $167 )
  • Current sellers are looking for $181/sq foot
  • There was an Average Sold Price of $331,171 for sold homes.
  • Marlborough ,MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 2 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!).


Realtor Matt's Top Read Real Estate Posts