Newton Bi Monthly Real Estate Recap

Newton Bi Monthly Real Estate Recap Margaret Szerlip, September 22, 2014, Newton, MA.  Top Agents

 

I must say I am a bit disappointed with the results of the past two weeks.  Inventory is building, we have 180 homes currently listed vs. 140 a month ago.  During the same two-week period in August, 65 homes went under agreement vs. 24 in the September time frame.  We will have to see if this trend continues.  I will say that prices seem to be much higher than even six months ago.  1 million is the new 750-800K.  The Jewish holidays are upon us and that does impact the number of transactions completed.  Perhaps buyers are finally saying enough with the price increases.  There is some movement at the above 2 million mark.

 

CURRENTLY LISTED

Report Run: 9/22/2014 10:57:31 AM
Property Type(s): SF
Snapshot Date: 09/22/2014
Towns: Newton
 09/22/2014  9/22/2014
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
$400,000 – $449,999
$450,000 – $499,999 2 71 2 71
$500,000 – $599,999 8 37 8 37
$600,000 – $699,999 10 64 10 67
$700,000 – $799,999 9 40 9 40
$800,000 – $899,999 13 52 13 54
$900,000 – $999,999 13 37 13 37
$1,000,000 – $1,499,999 34 51 34 52
$1,500,000 – $1,999,999 31 120 31 121
$2,000,000 – $2,499,999 23 126 23 126
$2,500,000 – $2,999,999 19 99 19 99
$3,000,000 – $3,999,999 11 198 11 198
$4,000,000 – $4,999,999 3 115 3 115
$5,000,000 – $9,999,999 4 119 4 119
Over $10,000,000
Total Properties 180 Avg. 88 180 Avg. 89
Lowest Price: $465,000
Median Price: $1,545,000
Highest Price: $6,950,000
Average Price: $1,805,159
Total Market Volume: $324,928,784
Lowest Price: $465,000
Median Price: $1,545,000
Highest Price: $6,950,000
Average Price: $1,805,159
Total Market Volume: $324,928,784

UNDER AGREEMENT

Report Run: 9/22/2014 11:00:10 AM
Property Type(s): SF
Start Date: 09/08/2014
End Date: 09/22/2014
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 1 1
$500,000 – $599,999 6 3 1 2
$600,000 – $699,999 1 1
$700,000 – $799,999
$800,000 – $899,999 1 1
$900,000 – $999,999 4 4
$1,000,000 – $1,499,999 8 6 2
$1,500,000 – $1,999,999 2 2
$2,000,000 – $2,499,999 1 1
$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 24 17 5 0 2
Lowest Price: $495,000 Median Price: $979,500
Highest Price: $2,399,000 Average Price: $1,171,450
Total Market Volume: $28,114,800

SOLD

Total Sold Market Statistics
Report Run: 9/22/2014 11:00:57 AM
Property Type(s): SF
Status: SLD
Start Date: 09/08/2014
End Date: 09/22/2014
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 1 5 $445,000 $499,900 89 $499,900 89
$450,000 – $499,999 2 22 $476,000 $452,000 105 $452,000 105
$500,000 – $599,999 1 108 $595,000 $659,000 90 $699,000 85
$600,000 – $699,999 2 82 $662,500 $699,000 95 $699,000 95
$700,000 – $799,999 0 0 $0 $0 0 $0 0
$800,000 – $899,999 2 18 $829,850 $819,000 101 $819,000 101
$900,000 – $999,999 3 40 $944,833 $922,000 103 $966,000 98
$1,000,000 – $1,499,999 3 97 $1,286,667 $1,232,667 106 $1,274,667 103
$1,500,000 – $1,999,999 3 74 $1,606,083 $1,732,633 93 $1,949,667 83
$2,000,000 – $2,499,999 1 103 $2,115,000 $2,250,000 94 $2,250,000 94
$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 18 Avg. 61 $1,033,581 $1,056,156 99 $1,108,883 96
Lowest Price: $445,000 Median Price: $927,250
Highest Price: $2,115,000 Average Price: $1,033,581
Total Market Volume: $18,604,450
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