Hopkinton Year End Market Report—2010

by Kathleen Buckley on January 10, 2011

This report recaps single-family home sales 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.

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