Tyngsboro, Massachusetts Real Estate

There are currently 64 single family homes on the market in Tyngsboro with an average list price of $409, 714 with an average market time of 139 days. The lowest priced home is at $158,000 and the highest is priced at $850,000. The median price is $399,000

During the past 12 months, 75 homes sold (6 per month) with an average sale price of $336,189. The average market time was 154 days. However if the 10 homes that sold in more than 300 days are excluded, the average market time was only 108 days. This is a more useful and revealing statistic. If a home takes more than 300 days to sell, the sellers are not motivated to sell. Of course, many of these sales could have been short sales with delays caused by the seller's lender.

The average list price of the homes that sold was $343,707 which means that on average homes in Tyngsboro have been selling at 98% of their list price ($336,189 divided by $343,707).

18 Homes are currently under agreement with an average market time of 101 days and an average list price of $350,556.

If there are currently 64 homes on the market and an average of 6 homes sell each month, it will take the average home in average condition 10 months to sell. Realtors say that there is 10 months of inventory.

Now lets take a 10 year historical view. In the year 2000, the average sale price in Tyngsboro was $269,000. It reached its high point in 2007 at $425, 000. The average sale price increased by 58%. But with a current average sale price of $336,000, prices have dropped by 21% since 2007. If you owned a home in 2000, you did pretty well overall (25% increase) although you may wish that you sold in 2007.

Retirement - Wild, Happy and Free

Just started reading a book "How To Retire Wild, Happy and Free." It got me thinking. The main point of the book is that you need to retire sooner than later. You never know how much time you have left.

Although I enjoy my work as a realtor, it has gotten a little tedious especially with the slow down in the market and in my own business. A few rounds of golf each week sure seems like a good life. And a little travel mixed sounds even more enticing.

Golf at 92

Played golf Wednesday at Red Tail and shot 92 which is what I predicted as I entered the round. 92 is my average now that I am keeping track of my golf scores. Main problem was that I 3 putted almost very green –would have shot 82 otherwise. But the greens were terrible.

Vacation Post

This is our 7th day on vacation at our townhouse in Myrtle Beach (actually Little River), South Carolina. It is raining and I have time to write this blog. Up til today, the weather has been great mostly in the high 70s and low to high 80s. We have golfed every day - 18 holes sometimes 27. My scores have remained the same as always - 90-95. But Malle and Fran have seen great improvement. All and all we just love to be out in the beautiful warm weather.

Went to Bonefish last evening with Jane and Bill and ate delicious Alaskan King Crab which is what we do every time we are down here. Why mess with something so good.

Going home tomorrow - vacations go by too quickly.