Grafton MA Real Estate Report: 2nd Quarter 2010
Grafton, MA Real Estate: The second quarter of 2010 was an important time for real estate. We had the spring market surge, along with the winding down of the tax credit incentive. Let's see how home sales went in Grafton, MA, for the second quarter of 2010 compared to second quarter 2009.
Number of Homes Sold in Grafton
In 2009, 32 single family homes sold during the second quarter of the year.
In 2010, 54 single family homes sold during the second quarter of the year - a significant increase over 2009.
For condominiums, 23 units sold during the 2nd quarter of 2009, and 21 condos sold in the 2nd quarter of 2010.
Average Sales Price
Second quarter 2009 average single family home price was $383,986.
Second quarter 2010 average single family home price was $379,354 - a negligible decrease from 2009.
Second quarter 2009 average condo price was $232,196.
Second quarter 2010 average condo price was $231,971.
Average Days on Market
For the homes sold during the second quarter of 2009, the average time on market was 122 days.
For homes sold during the second quarter of 2010, average time on market was 145 days.
The average time on market for condominiums in the 2nd quarter of 2009 was 201 days.
The average time on market for condominiums in the 2nd quarter of 2010 was 143 days.
Current Market Snapshot for Grafton
Currently, there are 114 single family homes for sale in Grafton, MA. The prices range from $140,000 for a 588-square-foot home, to $2,700,000 for an estate with over 7000 square feet and 55 acres. Only 16 homes in Grafton have sales pending.
There are currently 44 condominium units on the Grafton, MA market. The prices for condos range from $72,900 to $359,900. Only 2 condominiums have sales pending.
The second quarter of 2010 saw a comparable number of home and condo sales in Grafton, MA, compared to the same time period in 2009. The average time on the market in Grafton is about the same as other towns in Central Massachusetts. Single family home sales remain stable, but condominium sales in Grafton have slowed since the end of June.
What will be telling will be the final two quarters of 2010. Will these sales trends continue, or will the end of the tax credit have a slowing effect on the market? Check in early October to see how the market changes in Grafton, MA.
Are you planning to buy or sell a home in Grafton, MA? Call me for an honest discussion of ways you can make the market for you: (508) 982-0686.
Yours in real estate,
Grafton Real Estate
Putting Today's Technology Tools to Work for You
Text and photos copyright Kathryn J. Acciari unless otherwise noted.
All rights reserved.
Kathryn Acciari, RSPS, SRS, RESE, CFA
Century 21 MetroWest
45 Lyman Street Suite 14
Westborough MA 01581
Serving the Route 9/20 Corridors of Central Massachusetts
Sturbridge to Westborough
Cell: (508) 982-0686