Another year of record high prices at Stone Ridge
The average sale price of townhouses at the Stone Ridge Condos in Franklin, MA rose 4.9% in 2023.
It was the fourth year in a row that Stone Ridge’s average annual sale price reached an all-time high. Looking back, 2020 saw the start of a decisive move higher for home values at the popular condo community in Franklin, MA. The average sale price at Stone Ridge is up 30% since 2020!
Long-term view
The chart below shows the annual average sale price at Stone Ridge going back to 2004.
The Great Recession that started with a financial panic in 2007 sliced about 30% off Stone Ridge’s unit values by 2011. Prices finally stabilized in 2012 and began to move higher in 2013.
At $428,000, Stone Ridge’s average sale price is now double its 2011 bottom!
Learn about Stone Ridge
Interested in learning about the Stone Ridge Condos in Franklin, MA? We’ve got you covered! Check out all the exclusive content we have on our Stone Ridge landing page. Use the link at left or tap/click on the image below.
Sales pace slackens
As reported by MLS-PIN, only four Stone Ridge units changed hands during 2023, down from six sales in 2022. It was the fewest transfers at Stone Ridge for any year since 2010.
The decline in sales volume reflects the low-inventory real estate market in Massachusetts, rather than a sign of weakening demand for Stone Ridge units. The average days to offer for homes at Stone Ridge during 2023 declined to four. This confirms that buyers avidly seek to live at Stone Ridge. With prices rising and units selling quickly, 2023 was a year to remember at the Stone Ridge Condos in Franklin, MA!
The two top sales of 2023
Below are the two highest-priced unit sales at Stone Ridge for 2023.
Both units were modern and in excellent condition. As has been the case for many years in Massachusetts, buyers pay a premium for updated homes that are move-in ready.
2023 Stone Ridge sales report
Click/tap on the hotlink in the image below to download a review of all the units at Stone Ridge that sold during 2023.
In the report, you’ll see that all four of the units that changed hands in 2023 sold at or over their asking prices. It was a great market for townhouses at Stone Ridge!
For help and advice on Stone Ridge Condos
With interest rates on the decline as 2024 gets underway, the spring home selling season may get to an early start. Contact us for help with either buying or selling at the Stone Ridge Condominiums in Franklin, MA!
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