May 23, 2012

Shrewsbury, MA - Real Estate Sales and Statistics (May)

Overview of the Shrewsbury Housing Market

The Home Seller's Index moved up just one to 77 - but all the metrics are trending positive, and the market is much more positive than it might appear for sellers. This will be apparent in the next report when the "active pendings" go through and close. Buyers should be aggressive in Shrewsbury, especially in popular price ranges if they are looking for homes that need little to no work - those will be going the quickest. Sellers should still find, even in May, that there are plenty of buyers. The spring market is not over yet.

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I'm starting to see a pattern emerge in Metrowest, as foreclosures seem to be falling, but short-sales are up. I'm not sure if this is seasonal, driven by optimistic sellers and agents, both or neither. I do think banks that are holding "underwater loans" are getting much more interested in solving that problem with short-sales, but my opinion is mostly anecdotal, as I'm not aware that there are any statistics out there that could back that up. But it's a trend watching. It's here in Shrewsbury as well, as we see foreclosures down, but short-sales up.

Shrewsbury, MA Real Estate For Sale and Sold Market Statistics - Raw MLS Data

This picture has nothing to do with the Shrewsbury
Housing Market. But it relaxes me.

There are 191 homes (vs. 140 in the Shrewsbury Homes for Sale Report) listed as For Sale.
There have been 159 houses sold (vs. 149) in the last 6 months, and 98 homes sold (vs. 78) in the last 3 months.
There was an Average Market Time of 128 days (vs. 149) for just SOLD homes.
There is an Average Market Time of 137 days of the homes For Sale.
The Dollars paid per Square Foot in Shrewsbury is $168 (vs. $167 )
There was an Average Sold Price of $378,103 for sold homes.
Shrewsbury, MA has 5 properties (vs. 3) advertised as lender owned/foreclosure (typically foreclosure) .
Shrewsbury, MA has 14 properties (vs. 11) advertised as a shortsale is going to be needed by lender .
Shrewsbury “Hot Seller Index” (HSI): 77 Last Report: 76

*All statistics are for Single Family Houses and based on data in MLS.

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As first time buyers we were clueless as to to what we even wanted/ valued. Matt helped us sort through the different options and helped us find a great house. After 6 months in the house we could not be happier!

-G.T., Berlin

(Matt) "Remained patient and helped (me) remain patient at the most discouraging moments. Matt backs up his advice with data and past experience. I feel Matt does what is best for the customer and does an incredible amount of leg work where there is nothing or little for him to gain immediately. I've heard a lot of horror stories where it seemed the Realtor did what was in their interest. I feel Matt is sincere and has my interests at heart. I would have an extremely hard time finding another Realtor like him. " -J.L., Charlton

Matt is the best person (for real estate agents) I have ever met, in my last 6-8 months of house hunting. We recently closed our house with extreme help of Matt, on every corner. Which, without him, would not have been possible. - SM, Shrewsbury

As a first time home buyer, the process seemed daunting and stressful. I originally worked with another agent who did no more than plug in what I wanted and shoot me an automated list of houses to look at with little else as far as attention to me. Seeing as I could do that myself, I quickly went looking elsewhere for guidance. Matt was easy to communicate with through email and phone. I provided my thoughts on what I was looking for and he provided honest feedback about what was and wasn't realistic. When he showed us houses, it was always an opportunity to learn about what to look out for and never a pressure to buy. He has always been responsive and still finds the time to answer all my questions after the deal is all said and done. This type of service and dedication is hard to find. I can honestly say I would go to no one else in the future. H. Shea, Upton.

Matt recently sold our house in Shrewsbury. His knowledge of the current market and the area were instrumental in finding the right buyer. Matt handled all the details with such professionalism it enabled us to move smoothly through the selling process with minimal stress. He was always available and in communication with us keeping us appraised of events so we could make critical decisions as needed. We're in the process of looking for a new house, we wouldn't use anyone else! DSC, Shrewsbury

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May 23, 2012

Shrewsbury, MA - Real Estate Sales and Statistics (May)

Overview of the Shrewsbury Housing Market

Shrewsbury, MA Real Estate For Sale and Sold Market Statistics - Raw MLS Data

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Matt's Top Read Real Estate Posts

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