Newton Home Sales 1st Quarter 2010 vs 2009 by Price

What a strange real estate market we are in! Strange and busy except if you have a house priced between 1.8 million and 3 million. Overall, sales in all price ranges have increased about 70% from 2009; 34 vs.52. The average sales price is also up about 8% from 2009; $869,000 vs. 801,000. The median price is flat $727,000 vs. 725,000. What does all this mean? Simply put, everything below 1.4 million dollars is selling very quickly. Houses priced between 1.5 and 3 million are languishing on the market, but houses priced above 3 million are selling. We have seen an increase in sales in the 1.5 to 1.9 million range with 8 properties under agreement. All the homes sold or under agreement above 3 million are on West Newton Hill.

Total Sold Market Statistics

Start Date: 01/01/2010
End Date: 03/15/2010
Towns: Newton

$300K-400K 3 homes
$400K-500K 9 homes
$500K-600K 8 homes
$600K-700K 5 homes
$700K-800K 6 homes
$800K-900K 4 homes
$900K-1000M 6 homes
$1000-1500M 7 homes
$1500-2000M 1 home
$2000-3000M 0 homes
$3000-4000M 3 homes

Total Properties 52
Lowest Price: $300,000 Median Price: $727,628
Highest Price: $3,300,000 Average Price: $869,320
Total Market Volume: $45,204,624

Start Date: 01/01/2009
End Date: 03/15/2009
Town: Newton

$300K-400K 1 home
$400K-500K 3 homes
$500K-600K 4 homes
$600K-700K 6 homes
$700K-800K 6 homes
$800K-900K 1 home
$900-1000M 6 homes
$1000M-1500M 6 homes
$1500M-2000M 1 home
above 2million 0 homes

Lowest Price $391,000
Median Price $725,000
Highest Price $1,500,000
Average Price $801,838
Total Market Volume $27,262,500

A definite improvement over 2009 across the board. My next post will break down Newton by zip code.

One comment

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