Wednesday, August 22, 2012

Maynard Real Estate - Housing Market Update


Summary: The number of closed sales of single family homes in Maynard continues to increase over 2011. Median and average sale prices were be lower than in 2011. And, the number of homes on the market continues to decline.
 
Closed Sales July 2012: there were 16 closed sales during July 2012; double the number sold during July 2012. The median sale price was $277,700; the average was $296,888. The median in July 2011 was $331,250; the average was $344,225.

Pending Sales: There were 12 single family homes in Maynard that went pending during July 2012; up from 8 in July 2011.

Y-T-D through July 31, 2012: Closed sales were up in Maynard for the first seven months of 2012; there were 61 up from 56 for the same period in 2011. The 2012 median sale price was $277,500; the average was $277,475, both less than in 2011. The 2011 median sales prices was $300,350; the average was $326,646.

Listings and price reductions: 109 single family homes came on the market between January 1 and July 31, 2012 and there have been 51 price reductions. For the same period in 2011, 105 came on the market and 58 had price reductions.

Current: There are 49 single family homes for sale in Maynard; last year there were 62. The median list price is $284,900; the average is $278,440. Last year at this time the median list price was $282,400; the average was $296,141. Click to see all the current listings in Maynard.

Condominiums/townhouses: There was only 1 closed sale in July 2012, there were 4 in July 2011. Sales for the first seven months of 2012 were also less – 12 compared with 17 in 2011.

Sale prices: sale prices for condominium were also lower. The median sale price during July 2012 for a condo or townhouse in Maynard was $233,000; only one sold so the average was the same. The median sale price in July 2011 was $247,500; the average was $227,000.

Current: there are 18 condominiums for sale in Maynard with prices ranging from $149,900 for a 2 bedroom garden style to $349,999 for new construction townhouses. Prices at the established townhouse communities of Deer Hedge Run, Apple Ridge and Oak Ridge range from $185,000 to $238,000 – townhouses those developments were selling for over $300,000 during the peak, so they are an excellent opportunity for buyers looking for easy living. Click for condo and townhouse listings in Maynard.

Visit www.MarilynMessenger.com for the latest real estate information and market reports for Maynard, Sudbury, Wayland, Stow and west of Boston. Ask a question.  Search for homes.