The median list price for pending sales is $284,900; the average is $308,647. Prices for single-family homes in Maynard range from $111,000 to $599,000; the median list price is $289,900; the average is $328,785. Last year at this time the median list prices was $337,350; the average was $355,433. The average time on the market is just about the same at 115 days.
The condo/townhouse market continues to offer good values, but fewer on the market - 25 compared with 33 at this time last year. Prices range from the 170s for apartment-style condos; $199,900 to $298,900 for townhouse re-sales at desirable Deer Hedge Run, Oak Ridge, and Apple Ridge, where there are only 8 available, 2 of which have accepted offers. New construction townhomes starting at $329,000. There have been 10 closed sales so far in 2009; exactly the same number of closed sales for the same period in 2008.
Those who waited may buy for a lower price, but they may have missed out on some good choices; a lot of sellers are still holding off going on the market. Less supply will eventually will eventually put upward pressure on price; recent sales are already selling close and sometimes above the asking price as there have even been some multiple offers. If you're interested in becoming a home owner in Maynard, be prepared to step-up or you may miss out!
To find out what homes are available in Maynard and the nearby towns west of Boston, visit http://www.marilynmessenger.com your on-line source for real estate listings, news and information or call Marilyn Messenger at 508-596-3501 for personal real estate services.*Data Source - MLSPIN (Multiple Listing Service Property Information Network.)