Maynard Housing Market Report - More Sales; Lower Inventory

Summary: The number of closed sales of single family homes in Maynard continues to increase over 2011. Median and average sale prices were lower than in 2011. 

The number of homes on the market also continues to decline. Lower prices make this a good time for serious buyers who would like to live in Maynard to buy.

Fewer homes on the market makes this a good time for homeowners who are serious about selling their home to list while there is less competition from other properties.

Current: There are 47 single family homes for sale in Maynard; last year there were 65. The median list price is $299,000. Last year at this time the median list price was $274,900. Interesting that list prices are higher than last year when sold prices during September and YTD were lower. Click to see current homes for sale in Maynard.

Pending Sales: Pending sales were up in August. There were 14 single family homes in Maynard sales pending in August 2012; up from 8 in August 2011. The median list price for sales pending was $324,900; last year it was $327,450.

Closed Sales September 2012: there were 11 closed sales of single-family homes in Maynard during September 2012; up from 9 during September 2011. The median sale price was $285,000. The median sale price in September 2011 was $339,000.

Y-T-D through September 30: Closed sales were up in Maynard for the first nine months of 2012; there were 85 compared with 63 for the same period in 2011. The 2012 median sale price was $270,000; 10.5% less than in 2011.

Condominiums (Including Townhouses and Garden-style): Condominium sales and prices were up in Maynard during September. There were 7 closed sales; there was only 1 in September 2011. The median price was $216,435.

Year-to-date sales and prices are both lower than last year. 22 closed sales compared with 20 for the same period in 2011. The median price was $199,000; down from $242,000.

Current: there are 16 condominiums for sale in Maynard with prices ranging from $119,000 for a bedroom garden apartment-style to $349,999 for age restricted new construction townhouses.

Prices at the established townhouse communities of DeerHedge Run, Apple Ridge and Oak Ridge range from $189,000 to $238,000. Townhouses at these developments are renting for as much as $1,800 per month so it can actually be less expensive to own a townhouse than to rent, especially when including tax deductions and potential price appreciation - during the peak, these sold for over $300K. Click for condominiums for sale in Maynard.

Get the latest market information about for Maynard, Wayland, Sudbury, Stow, and Axton at www.marilynmessenger.com

Is This a Good Time to Sell Your House?



Just Sold $410,000!
20 Taft Ave., Maynard MA

 Recently I was chatting with a woman from Maynard who was complaining about the cold saying that her friends and relatives in Florida keep telling her she should move there. Sounds like a good idea to a lot of us in Massachusetts as we look at the endless piles of snow… So I mentioned I’m a real estate broker and that my Realtor friends in Florida have been sending me information about some fabulous opportunities especially in Naples and Fort Myers where she would be going. We talked about what a great house she could buy for so much less money than here :) and then she said: “but it’s such a bad time to sell, nothing is selling!”


Really? While hardly a day goes by without a headline about “the housing market” as if there is one big market when really there no such thing; all real estate is local and whether houses are selling or not depends on supply and demand which varies greatly around the country. In New England it varies from town to town and within the town it can vary by price point. While the supply in places like Florida and Nevada is still high, right now the supply of homes for sale in the towns west of Boston is really low. Compared with last year at this time the number of single family homes for sale has dropped 21% in Maynard. Of course, no one can tell you exactly what the demand is, however, based on 2010 absorption rates and the increased number of calls from buyers since Thanksgiving, I would say buyers are hungry for new listings to come on the market.

Everyone wants to sell high and buy low! Well, if you’re selling in Massachusetts and moving to a state like Florida that still has a large supply of homes for sale you can actually to do that! When I explained that to her and told her about some recent single family home sales in town, she kind of got it but was still focused on selling for less than she could have a few years ago. I suggested that she think about where she wants to be rather than what could have been; and, more importantly that she could be with her family and not have to go through another winter like this.

Bottom line: whether it’s a good time to sell depends on you and where you want to go. Since most home sellers become buyers, selling is just a means to an end; one more step (albeit a big one!) in the buying process. If you are moving to a less expensive town or state, down-sizing within the same market, or even if you are looking to move up within the same town then it’s a good time to sell. Today’s low interest rates are another factor on your side. If you really are ready to make a move because that is what makes sense for your life, don’t let the naysayers deter you and don’t wait for everyone else to go on the market. Get the facts from a real estate professional and then you decide if it’s a good time to sell based on your market, not headlines!