In addition to internet marketing which reaches around the globe, STAR Realty chooses to employ innovative local advertising thus supporting the local economy and reaching local buyers. Jef Barnes of ISVA, LLC has set up video ads (just images, no sound as seen below) at two local Hopkinton businesses, Colella’s Supermarket and Hopkinton Drug.
The video screens are strategically located at places where folks have a natural wait: the drug counter, the deli counter, and the check out registers. In addition to paid local advertising such as ours, Barnes and ISVA provide community service announcements and weather forecasts within the loop for free.
We at STAR Realty are thrilled with the exposure we get of our properties and our firm, and we’re delighted to support local businesses at the same time.
This report recaps single-family homesales in Hopkinton, MA for 2010.
Some of the raw data: 141 single-family homes were sold in Hopkinton in 2010, thus sales volume is down 6% compared to the 150 homes sold in ’09 with the breakdown by price range as follows (click on the image for the full-size chart):
Median price is up 5% to $525,000 from $499,950 in 2009. Average market time for sales is down slightly to 107 days from 114 last year. Again, click on the chart for the full-size view.
Next data to consider are inventory levels to see how they’ve trended over time and where they stand now:
For some historical perspective, see the chart below for the evolution of inventory since January 2005:
In sum, despite sales volume for the time period 2008-2010 down on average 30% from the more active years of 2000-2007, inventory levels remain well below their peak and prices seem to have more than stabilized. Tighter lending has not had a dramatically dissuassive effect on the typical Hopkinton buyer. We expect prices to remain steady and demand reasonably strong for 2011.
Fun Stuff:
The most expensive home sold in Hopkinton in 2010 was 8 Sylvan Way which went for $1,500,000:
And the least expensive home was a tear-down at 280 Ash Street which sold for $140,000:
If you’d like more details on any or all aspects of this market report, please contact us at 508-275-9155.
STAR Realty Market Report Welcome to the STAR Realty Market Report regarding inventory levels, sales results, and market statistics during the course of October 2010 for the single-family residential real estate market in Hopkinton, Massachusetts. If you’d like this type of in-depth analysis for another community we serve, please don’t hesitate to contact us. Graph [...]
The numbers are out for third quarter 2010 performance of the residential Hopkinton Real Estate Market. Check out the video and see the graphs explained in the video below. Highlights from the report include: Total number of homes sold in Hopkinton for Q3 was 43. This is just slightly down from the Q2 number of [...]
Just released: the latest video discussing inventory levels and trends for the single-family residential real estate market in Hopkinton, MA. Charts in the video are also included below for your reference. Hopktinton Real Estate Market Report–September 2010 produced by Kathleen Buckley on WellcomeMat Highlights from this month’s report: As of September 30, 2010 80 single family homes were on the [...]
Just released: the latest video discussing inventory levels and trends for the single-family residential real estate market in Hopkinton, MA. Charts in the video are also included below for your reference. Hopkinton Real Estate Market Report–February 2010 produced by Kathleen Buckley on WellcomeMat * As of February 28, 2010 56 single family homes were on the market [...]
Just released: the latest video discussing inventory levels and trends for the single-family residential real estate market in Hopkinton, MA. Charts in the video are also included below for your reference. Hopkinton Real Estate Market Report–January 2010 produced by Kathleen Buckley on WellcomeMat Some of the raw data: * As of January 31, 2010 53 single family homes [...]
This report recaps single-family home sales in Hopkinton, MA for 2009. Hopkinton Real Estate Market Report 2009 produced by Kathleen Buckley on WellcomeMat Some of the raw data: 150 single-family homes were sold in Hopkinton in 2009 compared to 130 in ’08 with the breakdown by price range as follows: Charts from the video: Median [...]
