Newton Real Estate Reacap 2012 vs 2011

Newton, Realtor, Best Newton Realtor, Listing and Buyers Agent Newton, MA.

Yes the real estate market in Newton is better!  Inventory is extremely low…homes are going under agreement at an accelerated pace.

January 1, 2011 through August 15, 2011

335 Homes Sold

Average List Price – $978,000

Average Sale Price – $944,000

Median Sale Price – $$785,000

January 1, 2012 thru August 15, 2012

425 Homes Sold

Average List Price – $996,000

Average Sale Price – $$965,000

Median Sale Price – $804,000

These numbers correlate to a 20% increase in volume and a 2% increase in sale price.  Currently there are only 125 single family homes on the market.  Since this is a supply and demand business I would expect the sale price to continue on an upward trajectory, however, I do not see prices increasing at the fast pace they did in the old days.  Inventory will increase after Labor Day but 2012 is the first sellers market since 2007.  Seller’s,  get your home ready for sale, and I do mean ready; painted, de-cluttered, clean, repairs made.  Houses in excellent condition are selling at a considerable premium!  Conversely, houses that are not well cared for sell at a discount.  If you have $2,000.00 — spend it getting your house in order, you will get it back and more…!  Paint is an amazing tool!

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