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.

Maynard Real Estate - Home Sales Mixed; More Sales Lower Prices

Single family homes: There are currently55 single family homes for
sale in Maynard; down from 58 a year ago.  List prices range from
$79,900 to $469,900. The median list price is $289,900; the average is
$283,105. Last year at this time the median was $299,450 and the
average was $302,299.

Of the 55 homes for sale, 10 properties already have accepted offers
and are being kept active until contingencies are cleared.
Additionally, 13 single family properties went pending in May, 13 went
pending in May 2011. The median list price for sales pending is
$309,900; last year it was $279,900. These sales will close in the
next month or two and we will know the sale prices when they close.

Closed Sales May: The good news is that there were 8 closed sales of
single family homes in Maynard during May, twice as many as in May
2011. However, the median sale price of $212,250 was lower than in
April 2011 when it was $246,000.
Closed Sales Year-to-date (1/1 – 5/31): There have been 29 closed
sales for the first five months of 2012, exactly the same as for the
same period in 2011. However, sale prices were substantially lower
this year. The median sale price was $230,000, the average was
$236,086. Last year the median was $300,000 and the average was
$319,878.
Price adjustments: There have been 61 price reductions on 42 single-
family homes in Maynard during the past 3 months. The average
reduction was -5.82%.
Condominiums and Townhouses: There are 20 condominiums on the market
in Maynard; last year at this time there were 22. List prices range
from $79,900 for a garden apartment style condo to $320,000 for over
55 new construction townhouses.  The median list price is $222,450;
slightly higher than last year when it was $221,950.

Prices at the established townhouse communities Deer Hedge Run, Apple
Ridge, and Oak Ridge range from $189,900 to $239,000.These townhomes
were selling for over $300,000 during the peak, so they are especially
good deals for buyers looking for easy living.
Closed Sales Year-to-Date (1/1 – 5/31): There have been 10 condominium sales
during the first 5 months, last year there were 11 for the same
period. The median sale price Y-T-D for 2012 is $190,750; last year it
was $245,000, so it is interesting that current list prices are higher
than they were last year. Sellers really need to be realistic about
pricing if they want to sell; buyers, this is a great time to buy a
condo or townhouse in Maynard!

 Click here to search for homes in Maynard.
 Ask a question.

Maynard Real Estate Market Report - Low Inventory; Good Time to Sell!

Happy New Year and welcome to the first Maynard MA Real Estate Market Conditions report 2011.


Prices for single family homes in Maynard range from $175,000 to $639,900. The median list price is $311,500; the average is $329,352. There are currently 28 single-family homes on the market in Maynard 2 more than there were one year ago. The average time on the market is 187 days, up 38% from last year at this time.

Of the 28 active listings, 3 already have accepted offers and are being shown until contingencies are cleared. There are 9 single family homes with sales pending up from zero one month age. Buyers came out strong over the Thanksgiving and New Year holiday weekends.

There were 98 closed sales of single family homes in Maynard for 2010 compared with 94. The median sale price for 2010 was $297,500; the average was $306,740. The median sale price for 2009 was $280,000; the 2009 average was $284,000. December sales were down from December 2009; only 4 compared with 9.

For anyone looking for easy living, the number of condominiums/townhouses in Maynard has also increased from this time last year. There are 18 available of which 2 already have accepted offers waiting for contingencies to clear.

Prices range from $89,000 for apartment style condos to $320,000 for new townhouses. Prices at the established townhouse developments of Apple Ridge, Oak Ridge, and Deer Hedge Run start at $200,000 for a short-sale listing at Oak Ridge. Others start at $239,000 for a 3-level unit at Deer Hedge that can use updating. At the peak these townhouses were selling up to the $320s so they are an excellent value in the $200s. Year end data show that there were 24 closed condo/townhouse sales in Maynard during 2010; the median sale price was $239,000, the average was $244,744. In 2009 there were 31 sales with slightly lower median and average sale prices.

Maynard offers more affordable housing options for buyers than the surrounding towns of Sudbury, Acton, Concord, and Stow, and the town has lots of activities and amenities including an active downtown with a variety of specialty shops and restaurants, a movie theatre, live arts, music, and theatre. Outdoor activities include hiking, fishing, tennis, canoeing, and golf. There are lots parks, and an outdoor walking tract.

Low mortgage interest rates make this a great time for anyone who would enjoy living in Maynard to become a homeowner. Visit http://www.marilynmessenger.com/ to search complete MLS listings with addresses and maps; news and information and market reports for Sudbury, Stow, Maynard, and Weston MA. Facebook users - "like" and search without leaving FB at www.facebook.com/livingwestofboston.
 
Data source: MLSPIN (Multiple Listing Service Property Information Network.