Lower prices and fewer homes for sale are starting to have a positive effect on the single family housing market in Maynard MA. Closed sales for April and May were up and time on the market was lower. Currently there are only 34 single family homes for sale compared with 54 last year at this time. Seven of the 34 have accepted offers with contingencies to clear. Additionally, there are 15 single family homes with sales pending; these will close in the next month or two.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.)
