by Miah Browne
10/4/2009

Home sales of single family homes in Holliston spiked 24 percent in the third quarter of 2009, compared to the same quarter a year ago. First-time buyers looking to take advantage of the $8,000 federal tax credit appear to be snapping up homes, especially those under $500,000. All buyers continue to take advantage of low interest rates and more affordable prices.  

There were forty-one homes sold from July 1 through September 30, according to MLS Property Information Network. During the same period one year ago, there were thirty-three sales.

The average listing price in the third quarter of 2009 was $423,970, just $223 more than the average listing price in the third quarter of 2008. Buyers were only willing to pay $192 more for single family homes in quarter three of 2009 versus quarter three in 2008. The average selling price was $408,877 compared to $408,685 last year.    

The least expensive home to sell from July through September was 286 Fiske Street, which sold for $195,000. The most expensive home to sell was 85 Bald Hill Road, with a sale price of $829,900.  

Home sellers enjoyed a shorter marketing period in quarter three this year compared to quarter three in 2008, with an average of 76 days on the market versus 113 days a year ago.

The most active price range was $100,000 to $500,000, with thirty-three sales. A year ago there were twenty-four sales in the same price range.  There were eight home sales in the $500,000 to $900,000 price range in quarter three of 2009 compared to nine home sales in the same price range a year ago.

Quarter four is off to a strong start as buyers try to beat the November 30th deadline when the tax credit expires. There are currently fifty-eight homes on the market and seventeen homes have accepted offers. Thirteen of the homes with accepted offers are listed under $500,000.

The least expensive home currently on the market is 100 Washington Street, which is available for $130,000. The most expensive home on the market is 10 Deer Run, which is available for $1,400,000.  

1285 Washington Street, above,  just sold for $325,000 on October 1st. It ended up having multiple offers in August after being on the market for a while.  I definitely noticed a big increase in traffic over the summer due to first-time buyers shopping for homes. The couple who ended up buying it was a couple who was downsizing.
 

Miah Browne and Barbara Kattman
Exceptional Properties Specialist
William Raveis Real Estate
50 Central Street
Wellesley, MA 02482
Cell: (508) 446-4469
Office: (781) 235-5000
Accessline: (508) 960-4048