October 28, 2012

Hopkinton, MA - Home Sales and Statistics (October)

The Hopkinton Homes For Sale Market Report

Hopkinton sure has been tough on buyers. With only one month where my Home Seller Index was under 90 (it hit 88 in May), buyers have had to move fast - or get left with what else is out there.

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You see that yellow line down there? The one that keeps going up? It can't go up forever - not while the green line continues to go down at the same time. When yellow is up and green is down, that means price pressures exist in the town. Here on the blog, to keep things simple, I have all that boiled down to the Home Seller Index, where any number above 90 means there is at least some pressure, and numbers at 110 or more mean any sustained activity at that level will push prices up.

Hopkinton is back at the top with a 121 HSI, and we do see evidence that prices are moving up - as it has a new high (since I've been tracking) of $190/sq foot. With minimal bank inventory - and very little for sale - expect prices to stay in this area, and go up next spring, assuming the economy continues to improve and rates stay low, as expected.

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

Higher Prices haven't scared away
buyers in Hopkinton.

There are 66 homes listed as For Sale.
There have been 159 houses sold in the last 6 months, and 86 homes sold in the last 3 months.
The Average number of Days on Market was 100 days for just SOLD homes.
There is an Average Market Time of 175 days of the homes For Sale.
The Dollars paid per Square Foot in Hopkinton is $190 (vs. $187 )
There was an Average Sold Price of $583,422 for sold homes.
Hopkinton has 0 properties advertised as lender owned/foreclosure (typically foreclosure) .
Hopkinton has 2 properties advertised as a short-sale is going to be needed by lender .
Hopkinton “Hot Seller Index” (HSI): 121 Last Report: 110

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

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Wicked Cool Customer Comments

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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October 28, 2012

Hopkinton, MA - Home Sales and Statistics (October)

The Hopkinton Homes For Sale Market Report

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

Find Your Next Home

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