Homes for Sale in Walpole Mass: A Market Update for September 2014
Real estate market data for Walpole, MA provided by Michael Mahoney of Remax Executive in Medfield Mass
Michael Mahoney | 617-980-9025 | mike@mmahoney.com
Walpole Home Prices
As we start to approach the fall real estate market, the median home prices are almost exactly where they were in the previous month. At the end of August 2014, the median sales price was $489,650 and for the end of September the median price was $490,000. For September 2014, sellers of single family homes in Walpole received 97% of their asking prices.
There were 27 closed single family home sales in Walpole in September. Last year in Septmeber 2013, there were 23 closed sales for the month. The least expensive sale which was recorded for $209,000 and that was located at 4 Mason Street in Walpole Mass. This property was a short sale. For those of you who do not know what a short sale is, a short sale is a property in which their is either zero equity or negative equity. You may hear it referenced as "upside down" when the car loan is greater than the value of the car in the scenario relating to an automobile loan. The car guys Click and Clack on NPR commonly reference this term. The house on Mason Street took 989 days to close. Short sales by definition are definitely not short. They seem to take a long a time to close. If you have a timeline that you are trying to adhere to, I would definitely stay away from short sales.
300,000 Homes in Walpole Mass
You may not be able to find deals like 4 Mason Street at $209,000 but there are plenty of affordable homes in Walpole. As of this time, there are 21 homes under 300k in Walpole Massachusetts right now. A typical home in Walpole for about $300,000 would result in monthly mortgage payment of about $1800 a month. I did an example on MLS#71695478 which was a property that sold at 573 Common Street in Walpole for $297,000. The taxes on this home were about $4,000 a year. The mortgage and taxes all in came out to about $1800 a month and you can see that example below.
Walpole First Time Home Buyer Webinar
If you would like to know more about getting a mortgage for yourself and what would be required to become a homeowner. I am happy to do a webinar with you about making your first time purchase. On our webinar, I would go over your current monthly expenses and budget, examination of your current housing costs and what your debt looks like. I will also set you up with a couple of reputable mortgage loan officers so that you see what kinds of loans and programs would be available to you for your purchase. If you are a first time homebuyer considering Walpole and the area near it, I would be happy to get started by doing a webinar/conference call with you about the area and help you design your home purchasing strategy.
Luxuriuous Homes in Walpole Mass
The most expensive home sold in Walpole for the month of September was located at 11 Brook Street. 11 Brook Street was an 11 room, four bedroom home with 3 full baths and 2 half baths. The size of this home is 4200 square feet. This property was located up where North Street intersects with Brook Street and was very close to Willet Pond.
This was a custom house and was absolutely gorgeous on the inside. You can see an image below. If you are looking to upgrade significantly in Walpole, you may want to get a gander at the homes over 1 million in Walpole here. Most people looking to upgrade typically need to sell their home in order to garner the equity to proceed on the move up. If you would like to get the value of your home in Walpole, you can get started right away by checking out www.NorfolkCountyHomeValues.com
If you are considering buying a home you can still find deals on a house in Walpole but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. Properties that are listed at market value and are in good shape do not take long at all for them to sell.
As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Walpole home on which you are making an offer.
If you are interested in how much current inventory is on the market in Walpole you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Redmond, homes have an average time of 77 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home particularly heading into the fourth quarter. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. When a property is priced at market value homes in Walpole will get multiple offers coming in.
Walpole Real Estate Report Summary
The median list price on October 1st, 2015 for single family homes in Walpole is $632,450.
The price per square foot for listings in this area is $227.
The median sales price for September on a single family homes is $490,000. The median sales price in August was $489,650. This represents an inccrease by +0.09% from the previous month.
The price per square foot for sales in this area is $219.
Find Homes for Sale in Walpole MA
Visit my website to search for homes in Walpole or to be notified when Walpole homes come on the market.
To find out what you home is worth in the current market email me or call 617-980-9025.
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