Month: August 2014

22 Lenox Under Agreement in 5 Days!


So happy 22 Lenox is Under Agreement.  That’s what happens when Developers build what people want to buy and build with integrity.  Inspection tomorrow — hopefully closing on September 22nd.  Outstanding Renovation done by Brian DiBlasi and Remi Aftandilian from Credere Ventures.

Chic and Stylish Total Renovation

Chic and Stylish Total Renovation

With Interest Rates and Home Prices on the Rise, Do You Know the True Cost of Waiting?


Newton, MA.  Margaret Szerlip Sotheby’s Realty

With Interest Rates and Home Prices on the rise, do you know the true Cost of Waiting?

Posted: 19 Aug 2014 04:00 AM PDT From The KCM Crew

With Interest Rates and Home Prices on the rise, do you know the true Cost of Waiting? | Keeping Current Matters

Today we are excited to have Morgan Tranquist as our guest blogger. Morgan is the Marketing & Graphics Director for The KCM Crew and provides insight into what the Millennial Generation needs to hear from their agents. – The KCM Crew

At Keeping Current Matters, we have often broken down the opportunity that exists now for Millennials who are willing and able to purchase a home NOW… Here are a couple other ways to look at the cost of waiting.

Let’s say you’re 30 and your dream house costs $250,000 today, at 4.12% your monthly Mortgage Payment with Interest would be $1,210.90.

(that price point does not exist in Greater Boston)

But you’re busy, you like your apartment, moving is such a hassle…You decide to wait till the end of next year to buy and all of a sudden, you’re 31, that same house is $270,000, at 5.3%. Your new payment per month is $1,499.32.

The difference in payment is $288.42 PER MONTH!

That’s basically like taking a $10 bill and tossing it out the window EVERY DAY!

Or you could look at it this way:

  • That’s your morning coffee everyday on the way to work (average $2) with $11 left for lunch!
  • There goes Friday Sushi Night! ($72 x 4)
  • Stressed Out? How about 3 deep tissue massages with tip!
  • Need a new car? You could get a brand new $20,000 car for $288.00 per month.

Let’s look at that number annually! Over the course of your new mortgage at 5.3%, your annual additional cost would be $3,461.04!

Had your eye on a vacation in the Caribbean? How about a 2-week trip through Europe? Or maybe your new house could really use a deck for entertaining.  We could come up with 100’s of ways to spend $3,461, and we’re sure you could too!

Over the course of your 30 year loan, now at age 61, hopefully you are ready to retire soon, you would have spent an additional $103,831, all because when you were 30 you thought moving in 2014 was such a hassle or loved your apartment too much to leave yet.

Or maybe there wasn’t an agent out there who educated you on the true cost of waiting a year. Maybe they thought you wouldn’t be ready, but if they showed you that you could save $103,831, you’d at least listen to what they had to say.

They say hindsight is 20/20, we’d like to think that 30 years from now when you are 60, looking back, you would say to buy now…

Open House 22 Lenox Street — West Newton Hill Sunday from 12-2


Chic and Stylish Total Renovation

Chic and Stylish Total Renovation

 

 

22 Lenox St, West Newton, MA 02465

Chic and Stylish Victorian

5Bd/3.5Ba Single Family House

$2,349,000

Description

Victorian home meets 2014 with a complete down to the studs renovation at the top of West Newton Hill! The new version is stylish, and chic and fits perfectly with today’s lifestyle. Open concept first floor with outstanding kitchen and adjoining family room with fireplace and open staircase to the finished LL. Kitchen has custom cabinetry, honed Calcutta counters and professional grade Thermador appliances. Beautiful Master suite boasts a walk in closet and the most serene bathroom. 2 generous bedrooms, another top quality bath and laundry room complete the 2nd floor. The 3rd floor has high ceilings, abundant sunlight, 2 bedrooms, plus a loft area for office or play and another bath. Wonderful large renovated basement with bath and bar area. New roof, wood floors, electric, plumbing, HVAC, siding, kitchen, baths, walls, ceilings, spray foam insulation..everything.

22 LENOX STREET WEST NEWTON — OUTSTANDING RENOVATION!


22 LENOX STREET SOTHEBY’S,
NEWTON, MA.  TOP REALTOR NEWTON, MA.

A perfect example of preserving the past and building for the future!  I have attended quite a few Historic Commission meetings and special permit meetings at City Hall this summer and it is obvious that the “people in charge” are sick of tear downs not to mention the neighbors.  I wish I had the before shot to show you!

Chic and Stylish Total Renovation

Chic and Stylish Total Renovation

Victorian home meets 2014 with a complete down to the studs renovation at the top of West Newton Hill! The new version is stylish, and chic and fits perfectly with today’s lifestyle. Open concept first floor with outstanding kitchen and adjoining family room with fireplace and open staircase to the finished LL. Kitchen has custom cabinetry, honed Calcutta counters and professional grade Thermador appliances. Beautiful Master suite boasts a walk in closet and the most serene bathroom. 2 generous bedrooms, another top quality bath and laundry room complete the 2nd floor. The 3rd floor has high ceilings, abundant sunlight, 2 bedrooms, plus a loft area for office or play and another bath. Wonderful large renovated basement with bath and bar area. New roof, wood floors, electric, plumbing, HVAC, siding, kitchen, baths, walls, ceilings, spray foam insulation..everything.
OPEN HOUSE — SUNDAY AUGUST 17th  12-2PM
22Lenox_Int_01-3450008416-O

Foyer

22Lenox_Int_02-3450008521-O

Living/Dining

22Lenox_Int_04-3450008717-O

View from Living to Foyer and Family Room

22Lenox_Int_08-3450009059-O

View from Family Room to Kitchen and Lower Level

22Lenox_Int_41-3451293398-O

Kitchen with French Doors to outside

22Lenox_Int_27-3450010665-O

Staircase

22Lenox_Int_19-3450009770-O

Master Bath

22Lenox_Int_18-3450009867-O

Master Bath

22Lenox_Int_31-3450010938-O

Third Floor Bedroom

22Lenox_Int_34-3450010997-O

Third Floor Loft Area

22Lenox_Int_38-3450011511-O

Lower Level Beverage Center

22Lenox_Int_43-3451293549-O

Lower Level

22Lenox_Ext_05-3451293422-O

Street view of beautiful Lenox Street

22Lenox_Ext_08-3450008145-O

Yard

22Lenox_Ext_09-3450008299-O

Yard

Home Prices Since the Peak — Top 20 Cities


Newton,. MA.  Top Realtors, Sotheby’s Newton, MA.

 

We are lucky here in Boston

Home Prices Since Peak | Keeping Current Matters

Bigger Ads Don’t Make Dumber Buyers


Top Newton, MA. Realtors, Sotheby’s Newton, MA. OMG I love this post!  KCM Crew you took the words right out of my mouth!

Bigger Ads Don’t Make Dumber Buyers Posted: 05 Aug 2014 04:00 AM PDTbyKCM Crew

Bigger Ads Don't Make Dumber Buyers | Keeping Current Matters Being ‘in and around’ the real estate business for over 30 years, we are still confused about the importance both sellers and real estate agents put on advertising.  Decades ago, advertising a home was important to attract a buyer because there was no other way for an individual real estate office to announce to the world that a house was now on the market. But times have changed.  With the development of the Multiple Listing Systems (MLS), as soon as a listing is taken the entire agent population of that area or region is informed. Instantly! Every agent working every buyer is put on notice that a new opportunity to sell a home is here. In many cases, through new technologies, the buyers are directly informed of the new listing before the agent can even reach out to them. Buyers already in the market will know the home is up for sale immediately. No ad is required to do this. You may ask – what about the buyer who is not yet actively engaging an agent in search of a home? Those future buyers are searching the internet months before they are ready to commit. In most areas, once a home is placed on the MLS system, the listing populates a plethora of real estate internet sites where a buyer can easily find it. Why are no buyers looking at the house? I will argue that it is probably not because they are unaware of the listing. In 99% of the cases, it is about pricing. They know of it and, for some reason, have decided it is not worth seeing. The value was not there for them.

Look at the Price

You may think there are just no buyers in the market for your type of home at the present time. Well, let’s take a step back and ask a question. Would someone buy it at $1? How about $100?  $1,000?  $10,000?  $100,000? Of course!! But, that proves our point. There is a price that buyers will pay for each and every home that is for sale today. You must decide if you are willing to take what the current value of your property is. That is entirely your decision. But, let’s not believe the house hasn’t sold because it wasn’t advertised more aggressively. You could put it on the front page of your large, regional paper for the next 365 straight days. If it is not priced right, a buyer will not buy it. Does that mean that you don’t need an agent to sell your home? Actually, we are saying the exact opposite. You need a well-informed real estate professional who knows the proper price for your house and has the courage to tell you the truth. It was great to see that a recent survey by the National Association of Realtors revealed that the number one benefit a seller wants from their agent is assistance in setting a competitive price. That truly is the most important thing an agent can deliver to a seller in this market.

Bottom Line

Get a great agent. Price your home appropriately. And don’t believe that running more ads will create a group of buyers that don’t understand value!!

Bigger Ads Don’t Make Dumber Buyers


Top Newton, MA. Realtors, Sotheby’s Newton, MA. OMG I love this post!  KCM Crew you took the words right out of my mouth!

Bigger Ads Don’t Make Dumber Buyers Posted: 05 Aug 2014 04:00 AM PDT byKCM Crew

Bigger Ads Don't Make Dumber Buyers | Keeping Current Matters Being ‘in and around’ the real estate business for over 30 years, we are still confused about the importance both sellers and real estate agents put on advertising.  Decades ago, advertising a home was important to attract a buyer because there was no other way for an individual real estate office to announce to the world that a house was now on the market. But times have changed.  With the development of the Multiple Listing Systems (MLS), as soon as a listing is taken the entire agent population of that area or region is informed. Instantly! Every agent working every buyer is put on notice that a new opportunity to sell a home is here. In many cases, through new technologies, the buyers are directly informed of the new listing before the agent can even reach out to them. Buyers already in the market will know the home is up for sale immediately. No ad is required to do this. You may ask – what about the buyer who is not yet actively engaging an agent in search of a home? Those future buyers are searching the internet months before they are ready to commit. In most areas, once a home is placed on the MLS system, the listing populates a plethora of real estate internet sites where a buyer can easily find it. Why are no buyers looking at the house? I will argue that it is probably not because they are unaware of the listing. In 99% of the cases, it is about pricing. They know of it and, for some reason, have decided it is not worth seeing. The value was not there for them.

Look at the Price

You may think there are just no buyers in the market for your type of home at the present time. Well, let’s take a step back and ask a question. Would someone buy it at $1? How about $100?  $1,000?  $10,000?  $100,000? Of course!! But, that proves our point. There is a price that buyers will pay for each and every home that is for sale today. You must decide if you are willing to take what the current value of your property is. That is entirely your decision. But, let’s not believe the house hasn’t sold because it wasn’t advertised more aggressively. You could put it on the front page of your large, regional paper for the next 365 straight days. If it is not priced right, a buyer will not buy it. Does that mean that you don’t need an agent to sell your home? Actually, we are saying the exact opposite. You need a well-informed real estate professional who knows the proper price for your house and has the courage to tell you the truth. It was great to see that a recent survey by the National Association of Realtors revealed that the number one benefit a seller wants from their agent is assistance in setting a competitive price. That truly is the most important thing an agent can deliver to a seller in this market.

Bottom Line

Get a great agent. Price your home appropriately. And don’t believe that running more ads will create a group of buyers that don’t understand value!!

Sellers Don’t Understand Photography Gets Buyers in the Door


Sellers often have some old-fashioned ideas about marketing their home that don’t include photography and that thing called the Internet

Broker Notebook

Homebuyers ask for pictures and they want lots of them. They want great photographs that they can look at on their computer screens, tablets or smartphones.

The way buyers look for homes has really changed now that everything is on the Internet. Marketing homes on the Internet is old news for real estate agents and for homebuyers, but home sellers have not caught on.

Of course sellers initially love the pictures and when the house isn’t getting traffic it’s the wrong pictures not the price!

Antiques image via Shutterstock.
Antiques image via Shutterstock.

Homeowners who purchased their last home in the 1980s, ’90s or the early ’00s remember going to open houses and looking at newspaper advertisements. For many homeowners, the process of selling a home hasn’t changed since then.

As a result, they may not even be asking their real estate agent the right questions. Instead of asking us how many open houses we plan on doing, they should be asking us if we plan to hire a professional photographer.

Those same homeowners don’t really pay much attention or even notice the poor photographs of their home on the Internet. You know, the ones with the dimly lit rooms and the bright yellow date stamps across the bottom of the photograph.

Technology really has changed the way homes are marketed. Effective marketing happens on multiple websites with photography and words. Each picture is seen by thousands of people instead of the two to 10 people who show up at the open house.

There isn’t anything wrong with having an open house. Many agents use open houses as a way to prospect, and real estate companies like it when agents put out all of those open house signs with the real estate company logo on them. It’s good for business.

Instead of asking us how many open houses we plan on doing, home sellers should be asking us if we plan to hire a professional photographer.”

Open houses are also a great way for agents to represent both the buyer and the seller, which means more money for the real estate agent.

Homeowners believe the open house is going to sell their house. They don’t understand that there is actually a much bigger pool of qualified buyers out there — including people who cannot got to open houses on Sunday afternoons.

Home sellers don’t really see us working unless we are holding an open house. Marketing on the Internet is still an abstract concept for most, and it doesn’t really seem like the kind of work a seller wants to pay thousands of dollars for.

Some home sellers will act all impressed when I talk about photography and the kind of visual marketing experience I need to create to get the attention of homebuyers. But if I asked them to choose between digital marketing and having open houses, many would choose the open house because they understand it.

If photography was important to home sellers, they would insist on better pictures. They would ask agents for samples of how they market homes on the Internet, rather than asking them if they will do an open house every weekend and if they will pay for print advertising.

As an industry, if we really want to improve the home buying process, we need to start working on the home selling process. We need to educate homeowners on how today’s homebuyers will shop for their next home. We need to help them understand that things may have changed since they purchased their home.

Superb interior photographs displayed on the Internet will get more qualified buyers into a home than an open house. We need to get home sellers up to speed on how the Internet has changed the home buying process — even though it is probably easier and less expensive for real estate agents to just do open houses.

Teresa Boardman is a broker in St. Paul, Minn., and founder of the St. Paul Real Estate blog.

 

Bi-Monthly Real Estate Recap


It’s that time again for the Bi Monthly Recap…I’d just like to say that 2 weeks do not fly by in January like they do in the summer.  We continue to suffer from very low inventory and I am sensing buyer fatigue in the homes priced under 1 million dollars, there are only so many times a person can be outbid on a home.  The question is does that frustration lead to just a break or do buyers start looking in more affordable towns?  The answer is both, at some point paying 900+ for a 3 bedroom 2 1/2 bath with just average kitchen and baths just seems ludicrous.  For some buyers who already feel Newton is too suburban still believe it’s much more affordable here especially if you factor in school costs in the city.

There is still activity taking place this summer and I think more so than in previous summers.  Labor Day is very early and school starts early, the Jewish holidays are late this year so I expect September to be very busy.  There has been and uptick in the sale of homes priced over 1.5 million for the first time in a long while.  Let’s hope that continues.  Currently we have 137 homes on the market down from 144 two weeks ago.  The lowest inventory is in the 800-899 range.  27 homes have gone under agreement and 12 have contingency agreements in the past 2 weeks.  11 of those are priced above 1.5 million.  32 homes sold with the busiest price point being 1 million to 1.5 million with 11 homes sold.  The jumbo rate  and conforming rates are virtually the same which may explain the increase in over 1 million sales.

I would say this bodes well for the fall market…if you are thinking of selling call or email me at 617-921-6860 or margaretszerlip@gmail.com   Enjoy the rest of your summer.

 

On-Market Snapshot
Report Run: 8/4/2014 11:26:45 AM
Property Type(s): SF
Snapshot Date: 08/04/2014
Towns: Newton
 08/04/2014  8/4/2014
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 54 1 54
$400,000 – $449,999 1 12 1 19
$450,000 – $499,999 2 11 2 11
$500,000 – $599,999 4 14 4 14
$600,000 – $699,999 6 62 6 71
$700,000 – $799,999 11 55 11 61
$800,000 – $899,999 4 89 4 96
$900,000 – $999,999 6 53 6 53
$1,000,000 – $1,499,999 27 58 27 59
$1,500,000 – $1,999,999 24 127 24 129
$2,000,000 – $2,499,999 21 113 21 113
$2,500,000 – $2,999,999 14 82 14 82
$3,000,000 – $3,999,999 11 166 11 166
$4,000,000 – $4,999,999 2 114 2 114
$5,000,000 – $9,999,999 3 103 3 103
Over $10,000,000
Total Properties 137 Avg. 90 137 Avg. 91
Lowest Price: $399,000
Median Price: $1,639,000
Highest Price: $6,950,000
Average Price: $1,888,610
Total Market Volume: $258,739,586
Lowest Price: $399,000
Median Price: $1,639,000
Highest Price: $6,950,000
Average Price: $1,888,610
Total Market Volume: $258,739,586

 

Pending Statistics
Report Run: 8/4/2014 11:28:57 AM
Property Type(s): SF
Start Date: 07/22/2014
End Date: 08/04/2014
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 1 1
$450,000 – $499,999
$500,000 – $599,999 2 1 1
$600,000 – $699,999 3 3
$700,000 – $799,999 3 1 1 1
$800,000 – $899,999 3 1 1 1
$900,000 – $999,999 4 3 1
$1,000,000 – $1,499,999 4 1 2 1
$1,500,000 – $1,999,999 5 2 3
$2,000,000 – $2,499,999
$2,500,000 – $2,999,999 2 2
$3,000,000 – $3,999,999
$4,000,000 – $4,999,999
$5,000,000 – $9,999,999
Over $10,000,000
Total Properties 27 12 12 0 3
Lowest Price: $449,000 Median Price: $929,000
Highest Price: $2,995,000 Average Price: $1,188,214
Total Market Volume: $32,081,800

 

 

 

Total Sold Market Statistics
Report Run: 8/4/2014 11:29:33 AM
Property Type(s): SF
Status: SLD
Start Date: 07/22/2014
End Date: 08/04/2014
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 0 0 $0 $0 0 $0 0
$450,000 – $499,999 0 0 $0 $0 0 $0 0
$500,000 – $599,999 1 12 $590,000 $619,000 95 $619,000 95
$600,000 – $699,999 3 23 $655,000 $626,333 105 $626,333 105
$700,000 – $799,999 2 4 $722,250 $709,500 102 $709,500 102
$800,000 – $899,999 4 20 $833,250 $846,750 99 $854,250 98
$900,000 – $999,999 5 44 $950,800 $954,200 100 $954,200 100
$1,000,000 – $1,499,999 11 24 $1,240,182 $1,202,182 104 $1,229,818 103
$1,500,000 – $1,999,999 3 12 $1,643,333 $1,604,667 102 $1,604,667 102
$2,000,000 – $2,499,999 2 356 $2,157,500 $2,199,000 98 $2,362,500 91
$2,500,000 – $2,999,999 1 266 $2,525,000 $2,585,000 98 $2,585,000 98
$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 32 Avg. 52 $1,171,828 $1,159,250 102 $1,179,906 101
Lowest Price: $590,000 Median Price: $1,055,000
Highest Price: $2,525,000 Average Price: $1,171,828
Total Market Volume: $37,498,500

It’s that time again for the Bi Monthly Recap…I’d just like to say that 2 weeks do not fly by in January like they do in the summer.  We continue to suffer from very low inventory and I am sensing buyer fatigue in the homes priced under 1 million dollars, there are only so many times a person can be outbid on a home.  The question is does that frustration lead to just a break or do buyers start looking in more affordable towns?  The answer is both, at some point paying 900+ for a 3 bedroom 2 1/2 bath with just average kitchen and baths just seems ludicrous.  For some buyers who already feel Newton is too suburban still believe it’s much more affordable here especially if you factor in school costs in the city.

There is still activity taking place this summer and I think more so than in previous summers.  Labor Day is very early and school starts early, the Jewish holidays are late this year so I expect September to be very busy.  There has been and uptick in the sale of homes priced over 1.5 million for the first time in a long while.  Let’s hope that continues.  Currently we have 137 homes on the market down from 144 two weeks ago.  The lowest inventory is in the 800-899 range.  27 homes have gone under agreement and 12 have contingency agreements in the past 2 weeks.  11 of those are priced above 1.5 million.  32 homes sold with the busiest price point being 1 million to 1.5 million with 11 homes sold.  The jumbo rate mortage and conforming are virtually the same which may explain the increase in over 1 million sales.

I would say this bodes well for the fall market…if you are thinking of selling call or email me at 617-921-6860 or margaretszerlip@gmail.com   Enjoy the rest of your summer.

 

On-Market Snapshot
Report Run: 8/4/2014 11:26:45 AM
Property Type(s): SF
Snapshot Date: 08/04/2014
Towns: Newton
 08/04/2014  8/4/2014
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 54 1 54
$400,000 – $449,999 1 12 1 19
$450,000 – $499,999 2 11 2 11
$500,000 – $599,999 4 14 4 14
$600,000 – $699,999 6 62 6 71
$700,000 – $799,999 11 55 11 61
$800,000 – $899,999 4 89 4 96
$900,000 – $999,999 6 53 6 53
$1,000,000 – $1,499,999 27 58 27 59
$1,500,000 – $1,999,999 24 127 24 129
$2,000,000 – $2,499,999 21 113 21 113
$2,500,000 – $2,999,999 14 82 14 82
$3,000,000 – $3,999,999 11 166 11 166
$4,000,000 – $4,999,999 2 114 2 114
$5,000,000 – $9,999,999 3 103 3 103
Over $10,000,000
Total Properties 137 Avg. 90 137 Avg. 91
Lowest Price: $399,000
Median Price: $1,639,000
Highest Price: $6,950,000
Average Price: $1,888,610
Total Market Volume: $258,739,586
Lowest Price: $399,000
Median Price: $1,639,000
Highest Price: $6,950,000
Average Price: $1,888,610
Total Market Volume: $258,739,586

 

Pending Statistics
Report Run: 8/4/2014 11:28:57 AM
Property Type(s): SF
Start Date: 07/22/2014
End Date: 08/04/2014
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 1 1
$450,000 – $499,999
$500,000 – $599,999 2 1 1
$600,000 – $699,999 3 3
$700,000 – $799,999 3 1 1 1
$800,000 – $899,999 3 1 1 1
$900,000 – $999,999 4 3 1
$1,000,000 – $1,499,999 4 1 2 1
$1,500,000 – $1,999,999 5 2 3
$2,000,000 – $2,499,999
$2,500,000 – $2,999,999 2 2
$3,000,000 – $3,999,999
$4,000,000 – $4,999,999
$5,000,000 – $9,999,999
Over $10,000,000
Total Properties 27 12 12 0 3
Lowest Price: $449,000 Median Price: $929,000
Highest Price: $2,995,000 Average Price: $1,188,214
Total Market Volume: $32,081,800

 

 

 

Total Sold Market Statistics
Report Run: 8/4/2014 11:29:33 AM
Property Type(s): SF
Status: SLD
Start Date: 07/22/2014
End Date: 08/04/2014
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 0 0 $0 $0 0 $0 0
$450,000 – $499,999 0 0 $0 $0 0 $0 0
$500,000 – $599,999 1 12 $590,000 $619,000 95 $619,000 95
$600,000 – $699,999 3 23 $655,000 $626,333 105 $626,333 105
$700,000 – $799,999 2 4 $722,250 $709,500 102 $709,500 102
$800,000 – $899,999 4 20 $833,250 $846,750 99 $854,250 98
$900,000 – $999,999 5 44 $950,800 $954,200 100 $954,200 100
$1,000,000 – $1,499,999 11 24 $1,240,182 $1,202,182 104 $1,229,818 103
$1,500,000 – $1,999,999 3 12 $1,643,333 $1,604,667 102 $1,604,667 102
$2,000,000 – $2,499,999 2 356 $2,157,500 $2,199,000 98 $2,362,500 91
$2,500,000 – $2,999,999 1 266 $2,525,000 $2,585,000 98 $2,585,000 98
$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 32 Avg. 52 $1,171,828 $1,159,250 102 $1,179,906 101
Lowest Price: $590,000 Median Price: $1,055,000
Highest Price: $2,525,000 Average Price: $1,171,828
Total Market Volume: $37,498,500