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Sturbridge Real Estate 2000 to 2010: A Decade At-A-Glance

Sturbridge Real Estate 2000 to 2010:  A Decade At-A-Glance

An analysis of home sale trends in the first decade of the 2000's shows an interesting story.  This article focuses on real estate sales in Sturbridge, MA, from the year 2000 through 2010. 

Sturbridge Single Family Home Sales

As the charts show, Sturbridge real estate sales peaked in 2004, and single family home prices peaked in 2005.  From 2005 to 2009, we felt the real estate market slide.  And in 2010, we started to see signs of stabilization, with a slight uptick in average sale price.

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Sturbridge Condominium Sales

Condominium sales show a pattern similar to single family home sales.  Condo sales peaked in 2006, and average condominium sale price peaked in 2005.  From 2006 to 2009, condominium sales in Sturbridge fell.  And in 2010, we started to see condominium sales stabilize.

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Data source:  MLS PIN

Summary

Real estate sales in 2011 will be closely watched, by property owners as well as professionals in the industry.  Stabilization of the real estate market often goes hand-in-hand with stabilization of the economy; however, there are other large factors at play.  Mortgage interest rates, unemployment, political climate and acts of nature can all have an impact on the recovery of the real estate market.

Please contact me with your specific real estate questions:

Kathryn Acciari - (508) 982-0686 or kathrynacciari@remax.net

Sturbridge Real Estate

 

Putting Today's Technology Tools to Work for You

 

Text and photos copyright Kathryn J. Acciari unless otherwise noted. 
All rights reserved.

 

 

 

Sturbridge & Central MA Real Estate and More

 

 

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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   
Email:
kasellshomes@gmail.com

Web site: kathrynacciari.com
Blog:
Real Estate Blog
Twitter: @kacciari

Comment balloon 5 commentsKathryn Acciari • April 14 2011 07:11AM

Comments

Good morning, Kathryn. Interesting to see the roller coaster isn't it?

Posted by TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029 (Complete Home Inspections, Inc.) over 7 years ago

Michael:  It is a good morning!  Yes - the roller coaster is evident.  Hopefully we are on a long, slow and sustainable upward trend.

Posted by Kathryn Acciari, Brand Ambassador and Business Coach (Century 21 Real Estate) over 7 years ago

Good Morning Kathryn

Thanks for the post and market update. Looks like Condo sales volume and sales price are starting recovery. Excellent information. Have a great day.

Posted by Patrick White, Driven to bring New Yorkers home (Home Driven Realty, Inc) over 7 years ago

Hi Kathryn - It looks like we stopped the bleeding in the fourth quarter of 2008.  Good news.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) over 7 years ago

Kathryn - looks like things are looking up in Sturbridge Massachusts - hope that thrickles down to North Jersy!

Posted by Kristine Ginsberg, NJ Home Stager (Elite Staging and Redesign, LLC) over 7 years ago

Participate