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“We hired Marilyn in the fall of 2009 to market our home in Stow, MA. Given the state of the housing market at that time, we were very nervous about the prospects. Marilyn listened to our concerns about pricing, did a thorough market analysis for competing homes, and we were able to agree on a competitive list price. She marketed our home wonderfully through mailed fliers, web sites...MORE   

  

Stow MA Real Estate Market Conditions 
Q1 and Current 4-29-2012 

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Stow Q1 prices 2007-2012

 

Stow Q1 Number of Homes Sold 2007 - 2012

 

Single Family Homes For Sale:  There are 51 single family homes on the market in Stow; last year there were 51 at this time. Four of the 50 already have accepted offers and are being shown for backup. There are also 8 properties with sales pending. List prices in Stow range from $125,000 to $1,699,000. The median price is $474,900 and the average is $552,357. Last year the median at this time was $489,900 and the average was $509,763.

Q1 Closed Sales: The good news for sellers is that there were 15 closed sales during the first quarter of 2012, the most during a first quarter since the peak in 2007. The not so good news is that prices were lower than last year and substantially lower than the highest prices in 2009. The median sale price in Stow during Q1 2012 was $360,000 and the average was $356,876.

Looks like a lot of smart buyers got good deals and as the spring market continues, no doubt that more people who would like to live in Stow will take advantage of the good values. People who need to sell, price is key so be realistic. If you’re moving up within the town, or moving to a less expensive area, it all levels out.

Condominiums and Townhouses: The condominium and townhouse market is busy. Smart buyers are taking advantage of lower prices and attractive mortgage interest rates. Of the 12 units that are currently “active”, 6 have already accepted offers. There are also another 6 units with sales pending. Median and average list prices are lower than last year – the median is $360,000, the average is $356,876; last year the median was $379,450, the average was $357,858.

Q1 Closed Sales:  There have been 8 units sold; up from 2 last year. As with single-family homes in Stow, sale prices were lower than in the previous year. The good news for seller is that as inventory shrinks, prices should rise.

 

 

Stow MA - Median and Average Prices 5 year 
The median price in 2011 was approximately -5% from the peak in 2008.
The average price in 2011 was aproximately -10.72%  from the peak in 2008.

Stown MA - Number sold 5 year

 Stow MA - days on market 5 years

 (Data Source - MLSPIN (Multiple Listing Service Property Information Network)

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 ZIP Code: 01775

Approximate Location Boundaries: Midway between Boston and Worcester - bordered by Sudbury, Maynard, Acton, and Bolton.

Location Characteristics: The Town of Stow is situated midway between Boston and Worcester and is a small residential community with rural aspects. The town boasts several apple orchards which are a beautiful sight to behold in spring and which attract many people in the early fall for apple picking. Stow is a mecca for golfers with 81 holes in town; Stow Acres Country Club, Butternut Farm Golf Club, Wedgewood Pines Country Club and Stow Away Golf Club provide some of the best golf in the state. A private airport and Lake Boon, which has become an attractive year-around residential area are sources of pride to the community. (from the Town of Stow web site)