rate or flag this pagehttp://hubpages.com/t/16db5e">Tweet thisGardner MA Real Estate 2009 Market Report
56By fdoleac
Single Family Homes Sold
Homes SoldSingle Family Homes
The Gardner MA real estate market report indicates that there were 122 homes sold in 2009 as compared to 109 in 2008. This represents a 12% increase in the number of homes sold. The average sales price changed from $169777 in 2008 to $152170 in 2009, a 10% decrease in value. The days on market changed -14 % from 187 to 161.
Gardner is in a remote area of Massachusetts and a long commute to the major employment centers. The job market and foreclosure rate has had a major impact on the market. The housing statistics represent a market dominated by the entry level. The low interest rates
and the tax credit incentives did stimulate the first time homebuyer market. All other segments of the market remained dormant and contributed to the decrease in average sales prices.Single Family Homes Sales Price
Home Price
Condos Sold
Unit PriceCondominiums
The Gardner, MA condominium market data indicates that there were 16 condos sold in 2009 as compared to 19 in 2008. This represents a 16% decrease in the number of condos sold. The average sales price changed from $150077 in 2008 to $109008 in 2009, a 27% decrease in value. The days on market changed -66 % from 271 to 92.
The dramatic decrease in values is due to the foreclosure and short sale market which is prevalent in this market segment. Investors were buying at deep discounts and financing issues contributed to the lack of sales and lower prices.
Virtual Homes Real Estate compiled the Gardner MA real estate report for 2009 from data obtained from the MA MLS (MLSPin). The information is not guaranteed to be accurate.
Condo Average Selling Price
Unit PriceReal Estate in a Virtual World
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Gardner MA homes and condos sold analysis for average sales prices and units sold in 2009
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