The Sudbury Homes For Sale Market Report
Sudbury was soft for a while, but a strong spring tends to cure what ails you, and the spring did that for Sudbury. Let's take a look at the last year graphically.
Can't see the chart? Click here.
Amazingly, the last three months Sudbury buyers pounced and gobbled up 111 homes. That's an impressive number, and pushed the homes for sale down near the low (96) for Sudbury. Not surprisingly, we see prices in Sudbury jumping $9 a sq foot, to a high since we've been tracking at $226. As I was putting the chart together, I looked at the average prices over the last year in Sudbury. They had a low of $596K, and a high of $735K. That's a 20% swing in average prices, and why I hate the statistic of "median prices" or "average prices" as how expensive a market is - it just jumps around too much. The dollars per square foot numbers - my prefered metric - look like this over the last four reports: $220, $213, $217, and todays $226. That's a variance of less than 2.5%, and much more representative of pricing power.
Last note for Sudbury - the bank impacted inventory is almost gone. I expect the inventory for distressed properties to disappear first in expensive towns like Sudbury, and while I don't think we're there yet, it does seem to be awfully thin this month....
Sudbury Houses For Sale and Sold Market Statistics - Raw MLS Data
- There are 111 homes listed as For Sale.
- There have been 169 houses sold in the last 6 months, and 111 homes sold in the last 3 months.
- The Average number of Days on Market was 129 days for just SOLD homes.
- There is an Average Market Time of 174 days of the homes For Sale.
- The Dollars paid per Square Foot in Sudbury is $226 (vs. $217 )
- There was an Average Sold Price of $676,410 for sold homes.
- Sudbury has 1 properties (vs 3) advertised as lender owned/foreclosure (typically foreclosure) .
- Sudbury has 2 properties (vs.4) advertised as a short-sale is going to be needed by lender.
- Sudbury “Hot Seller Index” (HSI):96 Last Report: 76
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*All statistics are for Single Family Houses and based on data in MLS.
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