Maynard Real Estate - Local Market Conditions

Great home-ownership opportunities in Maynard MA. With prices for single-family homes ranging from $99,500 to $649,000 and a median list price of $349,000, Maynard has some of the best opportunities for home-ownership in the towns west of Boston. Currently there are 67 single-family homes on the market, up from 55 one year ago, so there are lots of choices while interest rates are still historically low.

Given the increase in inventory, it's no surprise that the average time on the market has also increased to 129 days from 101 one year ago. The good news is that sellers are recognizing that market conditions have changed and both median and average list prices are lower than last year at this time. The current median is $349,000 compared with $384,900; the current average list price is $349,052 down from $391,521. During the past 3 months there have been a total of 72 price adjustments on 39 properties. The average change was -6.09%.

With regard to recent sale prices, although there have only been 12 closed sales year-to-date compared to 24 for the same period last year, the median sale price was higher - $343,500 up from $314,000; while the average sale price was down - $334,730 vs. $322,892. And, activity appears to be picking up as there are eight single-family homes with sales pending.

Condominium/townhouse sales are also slow in Maynard, with the exception of new construction that has been selling in the mid-300s. For anyone looking for easy living, there are excellent condo/townhouse opportunities including the established communities at Deer Hedge Run where you can own a stylishly updated 4-level unit with an open-layout and a new price of just $268,000. Apple Ridge and Oak Ridge - call 508-596-3501 for information.

Often referred to as 'the Harvard Square of metro-west" Maynard lots to offer. With diverse home-styles and settings as well as an active downtown with shops, restaurants, a movie theatre, community theatre, space for artisans, a new library, a seasonal farmers' market, and a country club there's something just about everyone in Maynard.

To find out what homes are available in Maynard 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 4/23/08. 

ZIP Code: 01754

Approximate Location Boundaries: Maynard is surrounded by Concord, Sudbury, Stow, and Acton.

Location Characteristics: 25 miles northwest of Boston, Maynard was ranked #13 out of 147 MA towns and cities in Boston Magazine's April 2004 edition which featured Best Places to Live/Best Bang for the Buck when they compared cost of living to quality of life. It was number ONE in the "Safest Towns for the Buck" category and in the top 10 for "Best Schools for the Buck". Although Maynard is modest in population, it has managed to attract a number of high technology firms, due in part to its strategic location in close proximity to Route 128 as well as Routes 2 and 2A. This remarkably balanced and diverse community encompasses an attractive mix of quiet, residential neighborhoods along tree-shaded streets as well as commercial and industrial sectors.