October Closed Sales: There were lots of happy home-sellers in Sudbury during October! More than twice the number of single-family houses were sold during October 2018 than during the previous October. There were 17 closed sales in October 2018 compared with 8 in October 2017. The median price was also higher - $800,000 up from $607,500. Meanwhile, it took a less time to get an offer - the average days to offer was just 44 days compared with 138 days the previous October.
Current 11/5/2018: Contrary to many other places, there are more homes for sale in Sudbury than last year - 69 compared with 57. Year to date there have been 394 listings taken, up from 308 last year. Current list prices for single-family homes in Sudbury range from $449,000 to $3,495,000. The median price is $969,000. Luxury home buyers have a variety of choices in Sudbury and many of the properties for sale for more than 6 months - November and December are a great time to make a deal! Homes for sale in Sudbury
Condominiums: If you are an active adult/over 55 and looking for a condominium (apartment-style or a townhouse), there are currently 19 units for sale in Sudbury including new construction at Farmstead Lane/Meadow Walk next to Whole Foods, and townhouses at Northwoods, off Route 117. The builders of both new developments are cooperating with and compensating buyer agents/brokers so buyers, you can have your own agent on your side. The only condition is that your agent must be with you the first time you visit the site, even if it is just to get information. Please contact me if you are interested or have questions. Click here to learn about buying new construction. You may also want to read "Is Condo Living for You?"
If you can’t wait or don’t want new construction, there is one resale at Dudley Brook Preserve that is listed for $925,000. There are also 2 non-age restricted townhouses on Old County and Boston Post Road. See condominiums for sale.
Price Changes: In any market, houses that are not priced correctly/over-priced will not sell and after a while, sellers who really want to sell recognize that they must adjust the price. To that end, there have been 146 price reductions year-to-date in Sudbury. Price reductions are a good opportunity for home-buyers and sellers are motivated to sell in November and December so they can make their move before winter.
Year-to-date: There have been 233 closed sales of single-family houses in Sudbury as of 11/9/2018; up from 12.02% from the same period in 2017. The median sale price Y-T-D is $740,000; 1.58more than in 2017. See the full year-over-year report for single-family homes in Sudbury.
Your Home's Value: As the seasons change, so too real estate markets and pricing your home correctly for the current market is the key to successful selling. What your neighbor may have sold for last Spring or Summer is not necessarily a what a buyer will be willing to pay for your home today. If you are thinking about moving in the near future, please contact /contact me to talk about the best way to get the most money in the least amount of time for your property.
About Sudbury: Sudbury is located approximately 20 miles west of Boston. One of the oldest towns in Massachusetts, Sudbury is known for its New England charm and historic sites including Longfellow's Wayside Inn. Sudbury residents enjoy excellent schools, convenient shopping and restaurants, open space, parks and recreational opportunities for all ages. Population: 18,317; Residential Tax Rate: $17.60; Area 24.7 Square Miles; Public Schools: 4 Elementary, Curtis Middle School, Lincoln-Sudbury High School.