FRAMINGHAM, MA- There were a total of 39 residential real estate sales in Framingham during the month of September 2011.
Of the properties sold, thirty one single family homes were sold at an average selling price of just over $341k, three condominiums sold at an average price of $121.6k, and five multi-family properties sold at an average of $180k.
On average single family homes and condominiums sold during September had been on the market for approximately three and a half months. One single family property had been on the market for over a year, (492 Elm Street, a 7-room, 3-bedroom, 1.5-bath split entry that had an asking price of $315k and sold for $296k after 381 days). Another single-family sold in less than a week, (an 8-room, 4-bedroom, 3-bath Cape at 978 Waverly Street which had an asking price of $249.9k and sold for $245k in just 5 days).
The five multi-family homes sold in September had been on the market for an average of only forty days, with one 2-family, (at 30 Lawrence Street), on the market for just six days and selling for $200k, fetching $1k over the $199k asking price.
Topping out the single family residence market, an 8-room, 3-bedroom 2-full/2-half bath 2574 sq.ft. contemporary home sitting on 3/4 of an acre of land at 617 Belknap Road sold for $625k, ($24k under its $649k asking price), but considerably higher than its $551.9k assessed value. The home was on the market for just seven weeks
At the low end of the single family market, a 7-room, 3-bedroom, 1.5-bath Raised Ranch at 31 Willis Ave, (in the Waushakum Pond area in South Framingham), was sold for a only $150k, (which was $9k under its already modest $159k asking price). The 1152 sq.ft. home sits on 0.27 acres of land and is currently assessed by the town at $208,900. The home had been on the market for nearly a year, (344 days).
Thanks to Kathy Foran of Realty Executives, 1253 Worcester Rd, Framingham, MA for her help in compiling residential real estate sales information for this article. Visit Kathy's website, www.KathyForan.com, or phone her at: (508) 371-4345 for currently available properties and additional Framingham area real estate information.