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Maynard MA 01754

Local Market Conditions - Q1 2012 and Current

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Maynard - Q1 Prices 2007-2012

Maynard Q1 Number sold 2007-2012

Single family homes: First quarter sales and prices dropped from last year in Maynard and were actually lower than they have been in the past 6 years (see charts for 2007-2012). However, the market is getting more active again. There are currently 58 homes for sale, up slightly from 55 last year at this time. Of the 58, 9 already have accepted offers. Additionally, there are 15 single-family properties with sales pending (under agreement).

List prices for single family homes in Maynard range from $149,900 for a 3 bedroom 1 bath bank owned property to $524,900 for a 4 bedroom 2.5 bath new colonial (being built). Maynard is the only town in the area where you can find new construction in the low $500s, but there are only a few so they are selling quickly. The median list price for a single family home in Maynard is $289,900, 10k less than last year; and the average is $300,070, also approximately 10k less. Buyers who are on the fence should make their move while prices and interest rates are low. Median and average list prices for properties with accepted offers and sales pending are already substantially higher than closed sale prices for Q1.
 

Condominiums and Townhouses: Although the number of condos/townhouses sold in Maynard during the first quarter of 2012 was exactly the same as in 2011: 6, as with single-family homes median and average sale prices were substantially less. The median sale price this year was $190,450; the average was $184,733. The median sale price for Q1 in 2011 was $252,000; the average was $255,300. Smart buyers got some great deals; especially at the established developments of Deer Hedge Run (Deer Path), Apple Ridge, and Oak Ridge where townhouse units were selling for over $300,000 at the peak!

Currently, there are only 12 condos for sale in Maynard; last year there were 21. The median list price is $236,400; the average is $226,435. Based on supply and demand, the lower supply should eventually lead to increased selling prices. Also, as the prices for single family homes go back up, as is evidenced by the prices of the homes that have accepted offers and sales pending, the demand for condominiums will also increase.

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5 Year Comparisons for Maynard - 2007 to 2011

Maynard Home Sales - 2007 - 2011
 
The 2011 median price was -9.93% less than the peak in 2007 and +7% higher than the low in 2009. The number of homes sold increased since the peak and has remained steady since 2009.
Maynard Home Sales - Number of Homes sold - 5yr
 

Maynard - Days on Market 5yr

Days on market is an important factor to consider when pricing your home to sell. Buyers will not make offers on homes that are not priced correctly. The longer a house is on the market, the less it will sell for. 

 

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.

Maynard features a number of pleasing residential neighborhoods that provide a combination of well-kept older homes and newer construction in many architectural styles and price ranges. The downtown district offers a good collection of small shops and services, and additional shopping can be found in adjacent Acton and Concord. Commuter rail service to Cambridge and Boston is also available just a few minutes away.

Facilities for leisure activities include a community center with recreational programs, a country club, golf course, sports fields, playgrounds, tennis courts and a skating rink. If you're thinking about living in Maynard, come see all it has to offer!