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 home sales in Hopkinton, MA for 2010.

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.

Inventory Levels—Big Picture

The following graphs depict inventory levels in Hopkinton dating back to January 2005. Inventory as of November 1 at 78 homes is typical

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 46 single-family home sales.
• Median selling price in Q3 was $635,000. Q2 saw a median of just $501,000.
• Average days on market (DOM) of sold homes in Q3 was just 81 which is down significantly from the Q2 average DOM of 131.
• The sale price to original list price (SP:OP) was 94% down just barely from the 95% we saw in Q2.

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.

* As of February 28, 2010 56 single family homes were on the market for sale in Hopkinton, MA
* Average DOM (days on market) is down a bit to 147 days from 151 days on average last month.  
* We are beginning to see an accumulation of inventory in the $1M plus range with 11 properties for sale in that range 9 of which fall between $1M–$1.3M.

Below is the Hopkinton inventory trend chart shown in the video. The dark blue represents the number of homes in each price range this month, the gray bar column is the same number from one month ago, the red column indicates the number of homes which have gone under agreement since February 1, 2010, and the green column shows the number of homes sold in Hopkinton from 2-1-2010 through 2-28-2010.

Inventory Levels and Trends Hopkinton February 2010

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.

Some of the raw data:

* As of January 31, 2010 53 single family homes were on the market for sale in Hopkinton, MA
* Average DOM (days on market) is up a bit to 151 days from 132 days on average last month.  
* The lion’s share of activity as measured by number of homes having gone under agreement is happening in the under $600,000 price range but we also saw a good amount of activity in the $700,000′s with three properties accepting offers in January.

Below is the Hopkinton inventory trend chart shown in the video. The dark blue represents the number of homes in each price range this month, the gray bar column is the same number from one month ago, the red column indicates the number of homes which have gone under agreement since January 1, 2010, and the green column shows the number of homes sold in Hopkinton from 1-1-2010 through 1-31-2010.

Hopkinton Real Estate Inventory--January 2010

This report recaps single-family home sales in Hopkinton, MA for 2009.

Data by price range

Real Estate Sales by price range Hopkinton 2009

Median price is come down by 12% to $499,950 from $569,500 in 2008. Average market time for sales is also down, good news for sellers, to 114 days from 131 last year.

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History of Sales Volume, Median Price, and Days on Market in Hopkinton

At Star Realty, we’re very pleased with the results we were able to achieve for our seller clients in 2009:

Star Realty sells your property faster for more money