Bi Weekly Newton Real Estate Recap

Below you will find the Newton’s real estate story for the past 2 weeks.  Inventory continues to be extremely limited below 1 million dollars.  Although it appears we have a bit more inventory in the 700’s.  The last 2 weeks have been more active in the 1 million to 2 million range — 17 homes have gone under contract in the last 2 weeks!  The above 2 million market continues to struggle.  The first 2 weeks of June tend to be quiet times in the real estate market between graduations and last days of school activities, however this June we are continuing to see many homes coming to market. Broker Tour has been busy with new listings and price reductions.  If you liked a home and you thought the price was to high, now may be the time for an offer.  Ping me and get my opinion 617-921-6860…there are deals to be made!  If you are thinking of buying or selling in the Fall now is the time to reach out to Realtors.

 

On-Market Snapshot
Report Run: 6/13/2014 10:31:20 AM
Property Type(s): SF
Snapshot Date: 06/01/2014
Towns: Newton
 06/01/2014  6/13/2014
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 2 15
$400,000 – $449,999 1 55 1 67
$450,000 – $499,999
$500,000 – $599,999 2 18 2 23
$600,000 – $699,999 6 26 7 29
$700,000 – $799,999 8 28 11 33
$800,000 – $899,999 6 40 8 33
$900,000 – $999,999 11 43 9 53
$1,000,000 – $1,499,999 32 36 27 38
$1,500,000 – $1,999,999 30 58 29 64
$2,000,000 – $2,499,999 24 81 25 73
$2,500,000 – $2,999,999 9 79 11 35
$3,000,000 – $3,999,999 14 86 14 96
$4,000,000 – $4,999,999 3 98 3 110
$5,000,000 – $9,999,999 4 43 3 42
Over $10,000,000
Total Properties 150 Avg. 56 152 Avg. 55
Lowest Price: $449,000
Median Price: $1,685,000
Highest Price: $7,500,000
Average Price: $1,940,731
Total Market Volume: $291,109,797
Lowest Price: $399,000
Median Price: $1,675,000
Highest Price: $7,500,000
Average Price: $1,901,687
Total Market Volume: $289,056,499
PENDING

Report Run: 6/13/2014 10:12:15 AM
Property Type(s): SF
Start Date: 06/01/2014
End Date: 06/13/2014
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 2 2
$600,000 – $699,999 4 2 2
$700,000 – $799,999 1 1
$800,000 – $899,999 3 2 1
$900,000 – $999,999 4 3 1
$1,000,000 – $1,499,999 8 6 2
$1,500,000 – $1,999,999 9 6 3
$2,000,000 – $2,499,999
$2,500,000 – $2,999,999
$3,000,000 – $3,999,999
$4,000,000 – $4,999,999
$5,000,000 – $9,999,999
Over $10,000,000
Total Properties 31 21 9 0 1
Lowest Price: $525,000 Median Price: $1,149,000
Highest Price: $1,875,000 Average Price: $1,164,903
Total Market Volume: $36,112,000

 


Total Sold Market Statistics
Report Run: 6/13/2014 10:14:57 AM
Property Type(s): SF
Status: SLD
Start Date: 06/01/2014
End Date: 06/13/2014
Towns: Newton
Price Range # of
Listings
Avg. Days
on Market
Average
Sale Price
Average
List Price
SP:LP
Ratio
Average
Orig Price
 
$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 29 $505,000 $560,000 90 $560,000 90
$600,000 – $699,999 1 6 $697,500 $699,000 100 $699,000 100
$700,000 – $799,999 0 0 $0 $0 0 $0 0
$800,000 – $899,999 4 25 $868,625 $816,750 107 $816,750 107
$900,000 – $999,999 0 0 $0 $0 0 $0 0
$1,000,000 – $1,499,999 4 20 $1,222,700 $1,147,000 108 $1,147,000 108
$1,500,000 – $1,999,999 4 72 $1,749,913 $1,836,750 96 $1,844,250 95
$2,000,000 – $2,499,999 0 0 $0 $0 0 $0 0
$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 14 Avg. 36 $1,183,389 $1,175,786 102 $1,177,929 102
Lowest Price: $505,000 Median Price: $1,160,400
Highest Price: $1,950,000 Average Price: $1,183,389
Total Market Volume: $16,567,450

 

 

 

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