Newton BI MONTHLY Real Estate Recap

Please forgive my summer doldrums, I mistakenly reported the last recap as Bi Weekly instead of Bi Monthly…I do apologize for my summer brain.

The market is moving along at a summer pace but moving nonetheless.   Well priced homes are still being scooped up quickly and that is important as we make the transition into the fall market.  I predict that this fall we will see a significant uptick in properties selling over 2 million dollars….Let’s see if I am right.  Currently there are 144 single family homes on the market, only 38 are under 1 million dollars, 106 over 1 million with 54 of the 106 over 2 million!  29 homes went under agreement in the last 2 weeks and 15 were over 1 million.  There was even one sale over 5 million.  During the last 2 week 27 homes closed and the strongest price range was 1 million to 1.5.

If you are considering a home sale or purchase in the next few months or next spring (spring market starts here in mid January to early February) now is the time to begin the process.  Allow me to show you how to get top dollar and make your move as seamless as possible.

 

 

 

On-Market Snapshot
Report Run: 7/21/2014 11:27:24 AM
Property Type(s): SF
Snapshot Date: 07/21/2014
Towns: Newton
 07/21/2014  7/21/2014
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 1 40 1 40
$400,000 – $449,999 1 5 1 5
$450,000 – $499,999 1 5 1 5
$500,000 – $599,999 4 25 4 25
$600,000 – $699,999 8 47 8 53
$700,000 – $799,999 11 45 11 51
$800,000 – $899,999 4 76 4 83
$900,000 – $999,999 8 57 8 57
$1,000,000 – $1,499,999 24 58 24 58
$1,500,000 – $1,999,999 28 102 28 102
$2,000,000 – $2,499,999 19 106 19 106
$2,500,000 – $2,999,999 18 65 18 65
$3,000,000 – $3,999,999 12 151 12 151
$4,000,000 – $4,999,999 2 100 2 100
$5,000,000 – $9,999,999 3 89 3 89
Over $10,000,000 - - - -
Total Properties 144 Avg. 80 144 Avg. 81
Lowest Price: $399,000
Median Price: $1,662,500
Highest Price: $6,950,000
Average Price: $1,905,156
Total Market Volume: $274,342,587
Lowest Price: $399,000
Median Price: $1,662,500
Highest Price: $6,950,000
Average Price: $1,905,156
Total Market Volume: $274,342,587

 

UNDER AGREEMENT

Pending Statistics
Report Run: 7/21/2014 11:31:31 AM
Property Type(s): SF
Start Date: 07/07/2014
End Date: 07/21/2014
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 1 - 1 - -
$400,000 – $449,999 - - - - -
$450,000 – $499,999 2 1 1 - -
$500,000 – $599,999 2 1 1 - -
$600,000 – $699,999 2 2 - - -
$700,000 – $799,999 1 1 - - -
$800,000 – $899,999 3 2 1 - -
$900,000 – $999,999 3 3 - - -
$1,000,000 – $1,499,999 8 6 2 - -
$1,500,000 – $1,999,999 4 1 3 - -
$2,000,000 – $2,499,999 1 - 1 - -
$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 1 1 - - -
Over $10,000,000 - - - - -
Total Properties 29 19 10 0 0
Lowest Price: $399,000 Median Price: $1,099,000
Highest Price: $7,500,000 Average Price: $1,370,700
Total Market Volume: $39,750,300

 

SOLD

Total Sold Market Statistics
Report Run: 7/21/2014 11:33:17 AM
Property Type(s): SF
Status: SLD
Start Date: 07/07/2014
End Date: 07/21/2014
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 1 43 $400,000 $409,000 98 $439,000 91
$450,000 – $499,999 0 0 $0 $0 0 $0 0
$500,000 – $599,999 1 6 $550,000 $499,000 110 $499,000 110
$600,000 – $699,999 1 41 $638,000 $655,000 97 $630,000 101
$700,000 – $799,999 6 19 $738,500 $717,133 104 $717,133 104
$800,000 – $899,999 3 45 $823,200 $839,300 98 $872,000 94
$900,000 – $999,999 4 18 $965,750 $942,975 103 $942,975 103
$1,000,000 – $1,499,999 8 23 $1,163,263 $1,156,688 101 $1,165,438 100
$1,500,000 – $1,999,999 1 6 $1,510,000 $1,375,000 110 $1,375,000 110
$2,000,000 – $2,499,999 2 50 $2,165,000 $2,234,500 97 $2,282,500 95
$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 27 Avg. 26 $1,018,433 $1,009,374 102 $1,019,341 101
Lowest Price: $400,000 Median Price: $960,000
Highest Price: $2,200,000 Average Price: $1,018,433
Total Market Volume: $27,497,700
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