Newton Real Estate Inventory Today and a Year Ago

Top Newton Broker  Sotheby’s Real Estate Newton

Here is a glimpse of the real estate market today vs. a year ago.  We have an extreme shortage of homes priced under 1.5 million.  The high-end (above 2.5) is still extremely slow.  Now is the time to sell.  The increase in Average sale price is being driven by homes priced under 1.5 million.  Remember this is a supply and demand business low inventory means higher prices, increasing inventory will lead to stable prices.

Report Run: 11/1/2013 10:13:45 AM
Property Type(s): SF, CC
Snapshot Date: 11/1/2012
Towns: Newton
 11/1/2012  11/1/2013
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 3 267 3 133
$250,000 – $299,999 4 169 1 49
$300,000 – $349,999 3 47 3 25
$350,000 – $399,999 14 151 6 22
$400,000 – $449,999 12 71 3 23
$450,000 – $499,999 6 61 10 28
$500,000 – $599,999 13 72 14 30
$600,000 – $699,999 19 95 6 59
$700,000 – $799,999 17 92 5 56
$800,000 – $899,999 10 44 17 43
$900,000 – $999,999 17 82 7 46
$1,000,000 – $1,499,999 35 90 26 82
$1,500,000 – $1,999,999 21 126 27 159
$2,000,000 – $2,499,999 13 158 16 120
$2,500,000 – $2,999,999 5 323 8 91
$3,000,000 – $3,999,999 8 79 9 190
$4,000,000 – $4,999,999 1 892 5 85
$5,000,000 – $9,999,999 1 7
Over $10,000,000
Total Properties 201 Avg. 110 167 Avg. 86
Lowest Price: $215,000
Median Price: $899,000
Highest Price: $4,249,000
Average Price: $1,152,092
Total Market Volume: $231,570,605
Lowest Price: $229,000
Median Price: $1,250,000
Highest Price: $5,000,000
Average Price: $1,507,361
Total Market Volume: $251,729,313

Call Margaret Szerlip 617-921-6860  or e-mail margaretszerlip@gmail.com to find out what your property is worth today.

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