Recent Metrowest home sales: October 2011

Lots of people have mentioned how interested they are in seeing recent sales, so I'll focus on that a bit more than my regular market updates. If you're interested in any other information or sales for other towns in the area, please email me and I'll get you what you need. Of course, you can always do your own searches here (or if you're on a smart phone, here).

Single family home sales in the last week for a few Metrowest cities and towns (10/17/11-10/24/11) - prices shown are sale prices:

Natick
17 Belmore Rd (3 bed Cape): $335,000
12 Oak Knoll (3 bed Ranch): $336,800

Wellesley
22 Elm St (3 bed Colonial): $825,000
40 Whittier Rd (4 bed Colonial): $842,000
50 Woodlawn Ave (4 bed): $1,000,000
56 Temple Rd (4 bed Multi-Level): $1,100,000
81 Maugus Ave (4 bed Contemporary): $1,500,000
37 Garrison Rd (6 bed Colonial): $1,690,000

Newton
6 Philbrick Rd (3 bed Colonial): $504,000
12 Roosevelt Rd (3 bed Colonial): $526,000
106 Brookline St (3 bed Cape): $542,000
23 Hemlock Rd (3 bed Cape): $537,000
23 Marcellus Dr (3 bed Colonial): $725,000
186 Lincoln St (3 bed Colonial): $923,000
76 Cotton St (5 bed Colonial): $1,337,000

Needham
14 Hazel Ln (4 bed Split): $507,500
672 Chestnut St (5 bed Colonial): $2,040,000

Wayland
19 Oak/Timber (4 bed Cape): $374,000

Metrowest August 2011 Market Update

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