The following information covers Natick, Wellesley, and Newton for 7/21/11-8/20/11. There haven't been significant price changes since last month, aside from the typical mid-summer slow down, but it remains clear that to avoid a long time on the market, sellers must have their homes priced right and marketed well. In some cases, even in the current market, this leads to a sale price above the listing price in a short period of time.
In Natick, there are currently 91 active single family homes on the market for an average list price of $579,000, having been on the market for an average of 119 days.
There are 37 homes under agreement, with an average list price of $496,000. These homes were on the market for an average of 61 days.
In the past month, 27 homes sold for an average of $457,000 (list prices averaging $468,000), after 95 days on the market.
In Wellesley, there are currently 140 active single family homes on the market for an average list price of $1,811,000, having been on the market for an average of 157 days.
There are 23 homes under agreement, with an average list price of $1,373,000. These homes were on the market for an average of 104 days.
In the past month, 43 homes sold for an average of $1,367,000 (list prices averaging $1,451,000), after 126 days on the market.
In Newton, there are currently 185 active single family homes on the market for an average list price of $1,245,000, having been on the market for an average of 126 days.
There are 72 homes under agreement, with an average list price of $981,000. These homes were on the market for an average of 83 days.
In the past month, 72 homes sold for an average of $908,000 (list prices averaging $937,000), after 70 days on the market.
Although they aren't included here, condos and multi-family properties are excellent investments right now, as there is a very strong rental market. Owners can benefit from cash flow and tax deductions if they are able to finance the purchase of a rental property.
For more information, please visit my website: www.torykeithrealestate.com
Showing posts with label market. Show all posts
Showing posts with label market. Show all posts
Saturday, August 20, 2011
Wednesday, July 20, 2011
Natick & Wellesley July Market Snapshot
In Natick, there are currently 92 active single family homes on the market for an average list price of $593,000, having been on the market for an average of 108 days.
There are 43 homes under agreement, with an average list price of $498,000. These homes were on the market for an average of 69 days.
In the past month, 40 homes sold for an average of $500,000 (list prices averaging $517,000), after 65 days on the market.
In Wellesley, there are currently 142 active single family homes on the market for an average list price of $1,804,000, having been on the market for an average of 146 days.
There are 52 homes under agreement, with an average list price of $1,431,000. These homes were on the market for an average of 99 days.
In the past month, 40 homes sold for an average of $1,317,000 (list prices averaging $1,399,000), after 152 days on the market.
Sale prices in both towns are up from last month. See last month's market update to compare other data:
http://torykeithrealestate.blogspot.com/2011/06/metrowest-market-snapshot-61911.html
http://www.realestateclipart.com/
Sunday, June 19, 2011
Metrowest Market Snapshot 6/19/11
In Natick, there are currently 77 active single family homes on the market for an average list price of $621,000, having been on the market for an average of 110 days.
There are 62 homes under agreement, with an average list price of $529,000. These homes were on the market for an average of 65 days.
In the past month, 27 homes sold for an average of $430,000 (list prices averaging $442,000), after 73 days on the market.
In Wellesley, there are currently 138 active single family homes on the market for an average list price of $1,677,000, having been on the market for an average of 133 days.
There are 37 homes under agreement, with an average list price of $1,404,000. These homes were on the market for an average of 150 days.
In the past month, 40 homes sold for an average of $1,145,000 (list prices averaging $1,210,000), after 88 days on the market.
In Newton, there are currently 217 active single family homes on the market for an average list price of $1,282,000, having been on the market for an average of 101 days.
There are 123 homes under agreement, with an average list price of $975,000. These homes were on the market for an average of 63 days.
In the past month, 63 homes sold for an average of $905,000 (list prices averaging $929,000), after 68 days on the market.
There are 62 homes under agreement, with an average list price of $529,000. These homes were on the market for an average of 65 days.
In the past month, 27 homes sold for an average of $430,000 (list prices averaging $442,000), after 73 days on the market.
In Wellesley, there are currently 138 active single family homes on the market for an average list price of $1,677,000, having been on the market for an average of 133 days.
There are 37 homes under agreement, with an average list price of $1,404,000. These homes were on the market for an average of 150 days.
In the past month, 40 homes sold for an average of $1,145,000 (list prices averaging $1,210,000), after 88 days on the market.
In Newton, there are currently 217 active single family homes on the market for an average list price of $1,282,000, having been on the market for an average of 101 days.
There are 123 homes under agreement, with an average list price of $975,000. These homes were on the market for an average of 63 days.
In the past month, 63 homes sold for an average of $905,000 (list prices averaging $929,000), after 68 days on the market.
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