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Andover Massachusetts Real Estate - 2009 Market Update - Have We Seen the Bottom?

Andover, MA Homes Sold - 2009 Third Quarter

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Andover MA real estate data indicates that the market may have turned in the first half of 2009.  Visit Andover MA Market Report - Have We Seen the Bottom?.

Third Quarter Statistics

Homes Sold - Increase from 2008 of 19% to 84 units from 71.  The average sales price increased 3% to $616,796.  This is approaching the 2007 average of $628,217.

 Andover graph

Active and pending listings are as of September 30, 2009.

Active Listings - there are 56 current listings with an average "days on market" of 104 days.   The highest concentration of listings in a given price range was 11 between $450,000-$499,999.  There are 10 listings between $1,000,000-$1,499,999.  There are six properties listed below $300,000.

Pending Sales - Fourteen properties are currently under contract with the lowest price being $269,000 and the highest at $1,799,900.  The average asking price for pending is $651,029 and the average "days on market" were 106.  Most of these listings will close in October and will provide the most current comps in the market.

Visit Andover MA real estate YTD report for market activity through September 30, 2009.

Visit our other resources for Andover, Massachusetts Real Estate.

Andover MA real estate - community, school and demographic information.

Andover MA foreclosures - obtain lists of foreclosed property.

Andover MA MLS - direct access to the MA MLS.

Andover homes for sale - map based search results of homes for sale.

Visit Virtual Homes Real Estate for all your real estate needs. 

Information is data reported by the MA MLS (MLSPin) and may not be accurate and is not a represenation of all properties sold during the reported time period.

 

Comment balloon 3 commentsFred Doleac • October 21 2009 07:44PM

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