Hudson MA 01749
Local Real Estate Market Conditions
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The number of single-family homes on the market in Hudson (MA) is down substantially from last year at this time - only 60 compared with 83 - meaning fewer choices for buyers.
Although the average time on the market has increased from 171 days to 237 days, list prices are up. List prices for single-family homes in Hudson range from $118,400 to $679,900. The median is $229,900 up from $214,900 last year at this time; the average is $287,159 compared with $257,865 on 7/17/07.
Like in most places, year-to-date sales are down and the number of closed sales for the month of June was down by 50% - only 9 compared with 18 in June 2007. Median and average sale prices were also down substantially. The median was $225,000 vs. $371,500; the average was $255,000 vs. $430,328.
List prices appear to have adjusted and reflect June sales and at some point decreasing supply will put upward pressure on price. Buyers who are waiting for prices to drop further also need to consider the impact of higher interest rates which have gone up by as much as .75% in recent weeks - some who were pre-approved for mortgages as recently as one week ago may already have lost purchasing power.
The March 2008 issue of Boston Magazine recommended Hudson as one of the top 5 places for first-time buyers - here's what the article said: "The tech jobs that arrived when Intel established a campus here 10 years ago have transformed this once-sleepy mill town. Today young families are flocking to it, drawn in part by pristine single-family homes that can be had for under $400,000. Parents push strollers on a new bike path while kids jam on the just-opened downtown skate park; an adjacent splash pool debuts this spring."
For anyone looking for easy living, Hudson has some excellent condominiums and townhouses especially for those who are looking for active adult communities. However, the supply of condos/townhouses is also down substantially from last year at this time - only 67 units compared with 84 last year, so buyers may not want to wait much longer.
To find out what homes are available in Hudson and the nearby towns west of Boston, visit www.marilynmessenger.com your on-line source for real estate listings, news and information or call Marilyn Messenger at 508-596-3501 for personal real estate services.
Source: MLSPIN (Multiple Listing Service Property Information Network).
ZIP Code: 01749
Approximate Location Boundaries: Hudson is 28 miles west of Boston, 18 miles northeast of Worcester, 19 miles south of Fitchberg. It is bordered by Stow, Bolton, Sudbury, Marlborough, and Berlin.
Location Characteristics: Hudson offers excellent value for those seeking home ownership. Boston Magazine's April 2004 edition which featured Best Places to Live/Best Bang for the Buck, ranked Hudson #7 out of 147 MA towns and cities when they compared cost of living to quality of life. Situated at the junction of Interstate 495 and Route 20, Hudson is a friendly community with a pleasing residential atmosphere. The cluster of light modern industries provides a sound economic base for the area.
The balanced lifestyle possible in Hudson is enhanced by the community's ideal location midway between Boston and Worcester both renowned for cultural amenities. Housing ranges from older homes on city lots or large parcels to new single family residences in a variety of architectural styles.Hudson also offers athletic programs, the Assabet River, beautiful parts, and several lakes for superb recreational opportunities. The town beach offers boating, swimming, and water-skiing.
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About Marilyn Messenger, CRS:
"Marilyn exemplifies what every real estate agent should be. She was professional, thoughtful and tough when she needed to be. I would not have made it through if Marilyn was not at the helm. I cannot recommend her highly enough" - Jessica
"Marilyn went beyond the call of duty...All the 'i's were dotted and the 't's were crossed in a very professional manner. You [William Raveis] are fortunate to have her on your staff" - Alice
…Thanks so much for all you did to help us through the process of buying our first home...[Marilyn] made the process easier than we ever thought possible." -- Matt & Julie
Marilyn Messenger has been representing buyers and sellers of residential real estate west of Boston since 1993. She is a licensed Broker (not a salesperson), and additionally, she has earned the following designations: CRS - Certified Residential Specialist - only 3.5% of Realtors nationally have completed the requirements for CRS; ABR - Accredited Buyers Representative; SRES - Senior Real Estate Specialist; RECS - Real Estate Cyberspace Society members are dedicated to using the latest technology to benefit their clients. She is also a member of the MA and National Association of Realtors.
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