Southbridge Sale Prices Range Widely As Most Deeds Await Pricing

SOUTHBRIDGE -- Ten properties changed hands in Southbridge between Sept. 4 and Oct. 3, but a sale price had been recorded for only two of those transactions by early October. That gap is typical of registry reporting timelines and does not reflect anything withheld by the parties involved.

MARKET OVERVIEW Ten sales were recorded in Southbridge during the period. Of those, two carried a sale price in the registry's data as of this report, $260,000 and $367,000, producing a range of $260,000 to $367,000 and a median of $313,500. The remaining eight sales had no price yet available; sale prices typically appear in the registry within about a week of recording, so additional figures from this period are likely still pending. Based on the raw count alone, ten recorded deeds over a four-week span is a moderate volume for Southbridge, though without comparable figures from prior months it isn't possible to say definitively whether this period was more or less active than usual.

TOP SALES Only two of the ten recorded transactions had a sale price available, so both appear here.

A property in Southbridge (street address not available in the recorded data) sold for $367,000 on Sept. 8. The seller was Shawn Murphy. The buyers were listed as Mortgage Electronic Registration Systems Inc. and Total Mortgage Services LLC.

284 N. Woodstock Rd. sold for $260,000 on Sept. 4. The seller was Douglas B. Gavaletz. The buyers were listed as Mortgage Electronic Registration Systems Inc. and CMG Mortgage Inc.

The other eight transactions recorded in the period, at 43 Servant Way, 14 Mechanic St., 60 Optical Dr., 97 Randall St., 158 Harwood Farm Rd., 284 North Woodstock Rd., 77 Marc Ave. and 1036 Guelphwood Rd., have no price yet available.

NEIGHBORHOOD BREAKDOWN North Woodstock Road had two separate filings on Sept. 4 involving the same seller, Douglas B. Gavaletz: one at 284 N. Woodstock Rd., which recorded a $260,000 price, and one at 284 North Woodstock Rd., which has no price yet available. Those addresses appear to be the same property recorded under two separate instruments. No other street in the dataset had more than one recorded transaction. By price tier, the two sales with available data, $260,000 and $367,000, both fall under $500,000; the other eight sales cannot yet be sorted into a tier because their prices have not been recorded.

MARKET NOTES Four of the ten transfers list Mortgage Electronic Registration Systems Inc. as a buyer or co-buyer: the Southbridge property that sold for $367,000, 284 N. Woodstock Rd., 77 Marc Ave. and 1036 Guelphwood Rd. That pattern is typically associated with mortgage-related filings rather than standard arm's-length sales. Two other transfers, at 14 Mechanic St. and 60 Optical Dr., list limited liability companies as both seller and buyer: Southbridge Associates LLC to Caliber Rural Capital LLC, and SBC Energy LLC to Caliber Rural Bridge LLC, suggesting those are commercial or investment property transfers rather than residential sales. The deed data did not list a buyer for three transfers, at 43 Servant Way, 97 Randall St. and 158 Harwood Farm Rd. No bedroom, bathroom or square-footage data was available for any property in this dataset, so no price-per-square-foot comparisons could be calculated.

Recorded Deeds

Source: Registry of Deeds. Sale amounts shown as recorded; transfers without a disclosed consideration are noted as such.

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.