Tuesday, August 30, 2011

Maynard Home Sales Market Report - Good Opportunities for Buyers!

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Single Family Homes: List prices for single family homes in Maynard range from $100,000 to $499,000; the median price is $299,000 - down from $341,400 last year; the average price is $284,950 - down from $314,900 last year at this time. There are 62 homes on the market; up from 46 last year. There are 8 single family properties with sales pending. The average price for sales pending is $277,500.
There were fewer closed sales in July 2011 than in July 2010 – 8 compared with 10, however, both median and average sale prices were higher. The 2011 median sale price in July 2011 was $331,250; the average was $344,225. The median in July 2010 was $242,700; the average was $276,490.

Deer Hedge Run townhouse $205,00 -
click photo for details and more photos
While median and average prices show some general trends, they do not indicate that every house has increased or decreased by the same amount. Anyone pricing their home to go on the market needs to compare their property with like properties to make sure they are positioned properly to attract the maximum number of potential buyers in the current market.
Condominiums and Townhouses: For anyone looking for easy living there are a total of 20 condominiums and townhouses for sale in Maynard; there were 21 last year at this time.
Prices range for condos and townhouses in Maynard range from $160,000 to $329,000. There is one short sale with an accepted offer listed for $115,000; new construction over 55 townhouses range from 300K to 320K; and prices at the established townhouse developments of Deer Hedge Run, Apple Ridge and Oak ridge range from $195,000 to $284,900. At the peak these townhouses were selling as high as the $320s so they are an excellent value in the $200s.

Maynard offers more affordable options for buyers than the surrounding towns of Sudbury, Acton, Concord, and Stow. First time home buyers moving from the Cambridge, Waltham, Arlington area are attracted to the active downtown with its variety of specialty shops and restaurants, arts, and movies as well as the variety of opportunities for outdoor activities including walking, hiking, golf, fishing, canoeing. Maynard also has approved the construction of a new high school. If you haven't been to Maynard, come see what you're missing!

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Data source: MLSPIN (Multiple Listing Service Property Information Network.