Monday, May 17, 2010

Franklin MA Holds Steady

While the town of Franklin, Massachusetts has not escaped financial struggles just like most metro west of Boston towns, it appears to have really held its own on the housing front. Homes in Franklin have only marginally lost value during this recession compared to other surrounding towns and informed buyers still seem to choose Franklin over other towns due to a variety of reasons. Most cite the easy commute to highways including Routes 495, 95 and the Mass. Pike. Others focus on the strong school system or the commuter rail service with two Franklin stops. Many agree that the lower property taxes and a wealth of services were contributing factors in their decision.

A 9 month review of five area towns from the Multiple Listing Service reveals the following data:

Community    Within 2% of SP Avg SP # Homes
Franklin 98% $403,410 180
Wrentham 96% $413,992 65
Bellingham 97% $279,942 109
Milford 96% $272,015 117
Medway 96% $362,435 88

Note: SP is "Selling Price"

This data is all very interesting and although someone would expect that the lower priced towns would attract more buyers, it is clear that the town and what it has to offer make all the difference. Franklin posted higher priced average sales over the past 9 months but had 180 homes sold!

Franklin, MA remains a great value and presently homes are selling rather quickly with at least 3 homes over the past few weeks selling during their first day on the market. If you have questions about the local real estate market, please feel free to email or call me at 508-369-5131. For more resources and information, check out my website.

Authored by: Kathy Stankard, of The Kelly & Colombo Group at RE/MAX Executive Realty.

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