Franklin Real Estate Statistics 2011

 

The good news is that the Franklin Real Estate market is finally stabilizing.  There were 315 home sales in 2011 in Franklin, which includes multis and condos.  The least expensive home (a condo) sold for under $70k!  The most expensive home sold in 2011 in Franklin was sold just under $900k - So there's something for everyone in Franklin for sure! 

If you would like to see the breakdown in pricepoints and see how your home price point did - take a look at the Franklin Home Sales Market 2011 rpt.  

As a summary, below is how we did overall comparing 2011 homes sales to 2010.  It's great that the numbers are quite similar for both years.  This means the market in Franklin is finallly stabilizing.  And having looked at many other towns in the area, I can say this is a trend across all Metrowest Boston real estate - So the data is here to support we have stabilized.  

If you have any questions or if you would like a FREE market analysis for your home - Feel free to contact me - It would be my pleasure! 

There are many who say a duplex condo can be difficult to sell these days.  There is some truth to that.  The reason is the demographics of buyers for this home include first time home buyers.  And first time home buyers generally cannot afford the downpayment of a conventional loan.  Many know FHA Loans are very popular in MetroWest Boston for first time buyers because this loan product onlly requires 3.5% down BUT - they also require tha the condo association (and yes this is a duplex with a condo association OF TWO - the owners of each side) - MUST be APPROVED by FHA and that requires a LOT of work and time.  

So how do you approve a first time buyer for a duplex in the MetroWest Real Estate area?  I highly recommend a Mass Housing Loan and a good agent to make it happen!  That's what these buyers did and we closed within 35 days!   

Welcome my new buyers to their new Medway Home!  If you own a duplex in the Metrowest Real Estate Market, and you're thinking of selling, give me a call and I can make it happen for you!  If you want to buy a duplex but have had problems, give me a call as well.

There are many who say a duplex condo can be difficult to sell these days.  There is some truth to that.  The reason is the demographics of buyers for this home include first time home buyers.  And first time home buyers generally cannot afford the downpayment of a conventional loan.  Many know FHA Loans are very popular in MetroWest Boston for first time buyers because this loan product onlly requires 3.5% down BUT - they also require tha the condo association (and yes this is a duplex with a condo association OF TWO - the owners of each side) - MUST be APPROVED by FHA and that requires a LOT of work and time.  

So how do you approve a first time buyer for a duplex in the MetroWest Real Estate area?  I highly recommend a Mass Housing Loan and a good agent to make it happen!  That's what these buyers did and we closed within 35 days!   

Welcome my new buyers to their new Medway Home!  If you own a duplex in the Metrowest Real Estate Market, and you're thinking of selling, give me a call and I can make it happen for you!  If you want to buy a duplex but have had problems, give me a call as well.