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Real Estate is Local

by Ed Daniels
September 10, 2009

Real Estate is Local

So, if you are living a busy life like me, you catch sound bites about how the world is doing. 

Lately it has been health care, stock markets, and of course, real estate values.
 

Holliston: Real Estate is Local

So, if you are living a busy life like me, you catch sound bites about how the world is doing.  Lately it has been health care, stock markets, and of course, real estate values.

If you own a home in Holliston, you are not concerned with national real estate numbers…you are concerned with Holliston values.
Real estate is local. 

So let me provide you with some bullet points of how our town is doing in the real estate department:

Median prices up 2%
Thru August, the median home selling price was $357,000 for the year.  It was $350,000 at this time in 2008.

Taking longer to sell
It takes 136 days on average to market a home in Holliston to sell.  In 2008 it took 117 days on average thru August.

More homes sold in 2009 vs. 2008
We have 83 sales in town for 2009 compared to 74 over the same period in 2008.

Holliston did not go through this economic downturn unscathed.  Going back in time just one more year and we find that the town’s median price is still down 10% since 2007 ($397,900 median sold values Jan-Aug 2007).

Perhaps this data will help to put into perspective how well most family’s largest investment is holding up.
 
“We Live Where You Live”

Ed Daniels of Re/Max Executive Realty can be reached at 508-341-7880 for any questions about the real estate market.  Any member of The MAhome Team can service the entire Metrowest Boston area, but Ed grew up in Holliston and is completely biased towards the community

 

 

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Comments (2)

These numbers exclude condos, there were only 17 vs. 14 up thru Sept in 2008 and 2009 respectively. Turner Rd runs around $50K and Balancing Rock options are in the $400K's, so they skew numbers.

Holliston has very few of its sold inventory as foreclosures (7) or short sales (2), so we have gone relatively untouched by those issues.

- Ed Daniels | 9/13/09 3:23 AM

Mr. Daniels of those 83 homes that sold can you tell us how many were condos versus single family homes?

Also of the 83 how many were owned by banks due to foreclosures and if possible how many were short sales?

- Ed | 9/12/09 4:18 PM

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