Archive 2008 - 2019

First Quarter Real Estate Sales Update

by Miah Kattman
4/9/2010

Submitted by Miah Kattman

You are probably hearing that real estate sales and prices are recovering on a national level. If you are wondering how Holliston fared in the first quarter of 2010, we are looking at double-digit improvements.

When comparing sales of single-family homes in January through March of 2010 to January through March of 2009), the local real estate market saw a 33% increase in sales volume and a more than 50% decrease in the amount of time sellers had to wait for their homes to sell. Sales prices improved at a more modest rate of 5% when comparing the two quarters, according to MLS Property Information Network.

Buyers have taken advantage of the tax credit offering first-time homebuyers up to $8,000 and those who are trading up as much as $6,500. Buyers only have a short time left to secure a property that qualifies because they must have a purchase and sale agreement signed by the end of April. They can close on a home as late as June 30 so long as they have a signed agreement by April 30.

There were twenty single-family home sales from January through March of this year, as opposed to fifteen sales during the same period last year. The average list price in the first quarter this year was $379,900. The average sale price was $369,415. In January through March of last year, the average list price for the same quarter was $373,653 and the average sale price was $351,720. Sellers this year only had to wait 97 days on average to sell a home in the first quarter this year as opposed to 200 days last year.

Sales were very busy in the $100,000-$500,000 price range with sixteen of the twenty sales occurring in this price bracket. Four buyers spent between $500,000 and $700,000. The least expensive home to sell in the first quarter of the year was 96 Church Street for $183,900. The most expensive home sale in MLS for the first quarter was 48 Pond View for $680,000.

There are currently fifty single-family homes available on the market in Holliston. Twenty-eight homes have accepted offers, showing a very active spring market. The least expensive home on the market is 100 Washington Street for $130,000. The most expensive home on the market is Lot 16 Deer Run, available for $1,300,000.

Recent reports from the National Association of Realtors sited that pending home sales rose 8.2% in February, which was the single-biggest monthly rise since October 2001. Economists cite not only the tax credit but also better economic conditions in general for the improvements. All eyes will be on the second and third quarter real estate sales reports as the tax credit expires. Stay tuned for the next update.


We sold this home (above) located at 8 Fiske Pond Road to buyers for $700,000 in February. The home had been listed in MLS but it had expired so the sales data was not included in my recent report.

Miah Browne & Barbara Kattman
Exceptional Properties Specialists
William Raveis Real Estate
50 Central Street
Wellesley, MA 02482
Barbara's Cell: (508) 227-2275
Miah's Cell: (508) 446-4469
Barbara's Email: kattmanb@raveisre.com
Miah's Email: brownem@raveisre.com
Web site http://kattmanbrowne.raveis.com <http://kattmanbrowne.raveis.com/>
<http://www.sherbornmeadows.com/
<http://www.visualtour.com/inventory.asp?u=134014