BI-WEEKLY NEWTON REAL ESTATE RECAP

Newton, MA.  REAL ESTATE   Sotheby’s Newton

The market is quieting down for the summer but there is still activity happening…. I have added a new column at the end.

EXPIRED, WITHDRAWN, CANCELLED….I am adding this category at this time because many houses are withdrawn for the summer months.  Personally, I don’t think this is wise since there are only 86 single families on the market at this time! This is a supply and demand business and people look for a houses every day.  I personally bought a house on 4th of July weekend….I was relocating here from NJ 20 years ago this summer!   I have sold 2 houses on the 4th of July weekend.  19 homes were cancelled, expired or withdrawn in the past 2 weeks.  I temporarily withdrew 22 Lenox Street because the house isn’t finished but I would like brokers to know it’s out there.  I expect to put that back on the market next week.  Some brokers cancel because they feel the house gets “stale” and they will put it back on after Labor Day.  Some brokers cancel because they go away for the summer….hmmm, yes it’s true.  Time for a new broker.   Some people fire their agents because they think another agent is going to sell their overpriced home.  It’s the price not the agent… Some people just decide they aren’t going to sell at the price they want and let the listing expire.   Some people make some changes by painting a few rooms a more neutral color, removing some carpeting etc.  Often the seller realizes the agent was right and they should have done this from the start.  Happy Summer!!

On-Market Snapshot
Report Run: 7/7/2014 11:24:29 AM
Property Type(s): SF
Snapshot Date: 07/07/2014
Towns: Needham
 07/07/2014  7/7/2014
Price Range Number of
Listings
Avg. Days
on Market
vs. today Number of
Listings
Avg. Days
on Market
Under $50,000 - - - -
$50,000 – $99,999 - - - -
$100,000 – $149,999 - - - -
$150,000 – $199,999 - - - -
$200,000 – $249,999 - - - -
$250,000 – $299,999 - - - -
$300,000 – $349,999 - - - -
$350,000 – $399,999 - - - -
$400,000 – $449,999 - - - -
$450,000 – $499,999 - - - -
$500,000 – $599,999 9 38 9 40
$600,000 – $699,999 5 40 5 40
$700,000 – $799,999 6 80 6 80
$800,000 – $899,999 3 50 3 50
$900,000 – $999,999 4 45 4 45
$1,000,000 – $1,499,999 31 87 31 87
$1,500,000 – $1,999,999 14 119 14 119
$2,000,000 – $2,499,999 8 127 8 127
$2,500,000 – $2,999,999 6 182 6 182
$3,000,000 – $3,999,999 - - - -
$4,000,000 – $4,999,999 - - - -
$5,000,000 – $9,999,999 - - - -
Over $10,000,000 - - - -
Total Properties 86 Avg. 91 86 Avg. 91
Lowest Price: $500,000
Median Price: $1,398,500
Highest Price: $2,895,000
Average Price: $1,412,502
Total Market Volume: $121,475,200
Lowest Price: $500,000
Median Price: $1,398,500
Highest Price: $2,895,000
Average Price: $1,412,502
Total Market Volume: $121,475,200

 

Pending Statistics
Report Run: 7/7/2014 11:26:28 AM
Property Type(s): SF
Start Date: 06/24/2014
End Date: 07/06/2014
Towns: Newton
Went Pending Current Status
Price Range # of
Listings
# UAG # CTG # Sold # Other
Under $50,000 - - - - -
$50,000 – $99,999 - - - - -
$100,000 – $149,999 - - - - -
$150,000 – $199,999 - - - - -
$200,000 – $249,999 - - - - -
$250,000 – $299,999 - - - - -
$300,000 – $349,999 - - - - -
$350,000 – $399,999 - - - - -
$400,000 – $449,999 - - - - -
$450,000 – $499,999 - - - - -
$500,000 – $599,999 1 1 - - -
$600,000 – $699,999 1 1 - - -
$700,000 – $799,999 3 1 2 - -
$800,000 – $899,999 6 3 3 - -
$900,000 – $999,999 2 1 1 - -
$1,000,000 – $1,499,999 5 2 3 - -
$1,500,000 – $1,999,999 3 - 3 - -
$2,000,000 – $2,499,999 - - - - -
$2,500,000 – $2,999,999 1 1 - - -
$3,000,000 – $3,999,999 - - - - -
$4,000,000 – $4,999,999 - - - - -
$5,000,000 – $9,999,999 - - - - -
Over $10,000,000 - - - - -
Total Properties 22 10 12 0 0
Lowest Price: $579,000 Median Price: $914,000
Highest Price: $2,680,000 Average Price: $1,123,895
Total Market Volume: $24,725,700

 

Total Sold Market Statistics
Report Run: 7/7/2014 11:27:54 AM
Property Type(s): SF
Status: SLD
Start Date: 06/24/2014
End Date: 07/06/2014
Towns: Newton
Price Range # of
Listings
Avg. Days
on Market
Average
Sale Price
Average
List Price
SP:LP
Ratio
Average
Orig Price
SP:OP
Ratio
$0 – $49,999 0 0 $0 $0 0 $0 0
$50,000 – $99,999 0 0 $0 $0 0 $0 0
$100,000 – $149,999 0 0 $0 $0 0 $0 0
$150,000 – $199,999 0 0 $0 $0 0 $0 0
$200,000 – $249,999 0 0 $0 $0 0 $0 0
$250,000 – $299,999 0 0 $0 $0 0 $0 0
$300,000 – $349,999 0 0 $0 $0 0 $0 0
$350,000 – $399,999 0 0 $0 $0 0 $0 0
$400,000 – $449,999 0 0 $0 $0 0 $0 0
$450,000 – $499,999 0 0 $0 $0 0 $0 0
$500,000 – $599,999 1 7 $571,000 $539,000 106 $539,000 106
$600,000 – $699,999 6 23 $648,333 $617,000 105 $617,000 105
$700,000 – $799,999 2 30 $734,500 $749,000 98 $763,500 96
$800,000 – $899,999 4 51 $845,500 $809,250 105 $809,250 105
$900,000 – $999,999 1 6 $936,000 $895,000 105 $895,000 105
$1,000,000 – $1,499,999 12 50 $1,251,417 $1,218,249 103 $1,240,749 102
$1,500,000 – $1,999,999 9 131 $1,699,756 $1,723,333 99 $1,820,556 94
$2,000,000 – $2,499,999 1 13 $2,442,550 $2,399,000 102 $2,399,000 102
$2,500,000 – $2,999,999 0 0 $0 $0 0 $0 0
$3,000,000 – $3,999,999 0 0 $0 $0 0 $0 0
$4,000,000 – $4,999,999 0 0 $0 $0 0 $0 0
$5,000,000 – $9,999,999 0 0 $0 $0 0 $0 0
$10,000,000 – $99,999,999 0 0 $0 $0 0 $0 0
Total Properties 36 Avg. 61 $1,194,593 $1,177,750 103 $1,210,361 101
Lowest Price: $571,000 Median Price: $1,225,000
Highest Price: $2,442,550 Average Price: $1,194,593
Total Market Volume: $43,005,350

 

 

 EXP  $499,000
WDN $529,000
EXP $539,900
EXP $679,000
WDN $699,900
EXP
WDN $799,900
WDN $1,059,000
EXP $1,350,000
EXP $1,599,000
CAN $1,745,000
CAN $1,799,999
EXP $2,199,000
WDN $2,299,000
WDN $2,349,000
CAN $3,295,000
EXP $3,395,000
EXP $4,200,000
WDN $4,290,000
  Single Family Listings: 19    Avg. Liv.Area SqFt: 3,961.84    Avg. List$: $1,792,195    Avg. List$/SqFt: $435    Avg. DOM: 63.53

 

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