Newton, MA. A Real Estate Snapshot
There are currently:
236 Single Family Homes Listed for Sale, average list price is $1.164M with a marketing time of 109 days
60 homes are currently under agreement, average list price is $953K and a marketing time of 98 days
40 homes have sold in the past month averaging $830K and a marketing time of 83 days.
What do these numbers mean? ?I feel that these numbers are a clear reflection of seller reality, or lack thereof. ? The average list price in a stable market is much closer to the average sale price. ?Currently we have a 300K spread between average list and average sold. ? It is my opinion that we are still in a declining market. ?While I do not think Newton real estate prices will drop precipitously we are probably looking at a 3-5% reduction. ?It is worth noting that the high-end market (2.5M+) ?appears to be strong in the western suburbs.
0.000000 0.000000
Like this:
Be the first to like this post.
Margaret Szerlip, is a Realtor at Sotheby's International Realty in Newton Centre. Margaret provides highly personalized service along with the global capabilities of Sotheby's. Margaret'a area of expertise is Newton, Brookline, Needham, Weston, Wellesley. She specializes in detailed market analysis by way of charts, graphs, and old fashioned intuitivesness . Margaret has the abiity to translate what is going on in the financial markets and the impact it may have on the local real estate market. Margaret believes that pricing a home correctly from the start will earn sellers top dollar. Buyers benefit from Margaret's detailed knowledge of inventory and the correct pricing in comparison to competing properties. Please call her to help you with the sale or purchase of your next home. 617-921-6860 margaretszerlip@gmail.comSource: http://szerlip.wordpress.com/2011/09/27/newton-real-estate-market-a-snapshot/
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন