Where are the houses the most hard to get in Metrowest?
Check in time! Everyone loves rankings. Let's see who's king of the field.
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Things are looking good for Metrowest Real Estate |
Alright. Everyone remembers the ground rules right? Well, if you don't, there are here. And while we're at that post, we'll use the data too. It's from July last year:
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2013 showed more disparity across markets. |
Surprising Changes in the Metrowest Housing Markets
- Hopkinton has gone from one of the pressure cooker markets (#4 in 2013) to one of the also-rans ( #16 in 2014). Shrewsbury, too, has cooled off. Why? Rising prices will do that! Hopkinton has been up huge - and the higher prices have reach a limit for now. Buyers are finding value elsewhere (like Sudbury and Holliston)
- It's a much tighter race. In 2013, we had a large disparity in the HSI, from 70 to 200. Not so this time. Only one laggard, and everyone else is near 100. There's been a lot of pull-back from the 150's as well, so everyone is pretty crowded between 100-150. That's very healthy, and bodes well for the future for homeowners.
- Sudbury and Medfield rebound. They were not so hot last year, but they find themselves among the leaders this year.
- Westborough and Milford make big jumps. Westborough isn't among the leaders, but it was way back in the pack, and is now in the mix. Milford jumped from the middle to the top, as the deep values in Milford finally caught buyers eyes.
Not-so Surprising Changes in the Metrowest Housing Markets
- Natick is still on top. Again! They have had an amazing run, and I'm starting to wonder when it will end, but eventually the sellers will start asking for more, and then they'll fall back to the pack - just like Hopkinton and Shrewsbury. Just don't know when that will be just yet!
- Western suburbs still trail the pack. Although not universal, (Hudson), most of the far western suburbs, although strengthening, have not really participated in the real estate rally as much as the other towns. That is where the value still resides today, and the only question is how soon prices start to move out there (think 2015!!).
An Educated Home Buyer is a Happy Home Owner. Read On!
- Practical steps to declutter your home and have it show it’s best!
- How can I shop for the best interest rate for my mortgage?
- Should I get an adjustable or fixed rate mortgage?
- Have a home? Quick 10 ways to save money!
- Can I win my bid war by dropping contingencies, and should I do that?
- Confused by your Estimated Closing Disclosure with Closing Costs? This can help.
- Upgrading a bath? Handy idea book here with many options to think about!
About Matt Heisler
Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.
*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.
