Newton Bi-Monthly Real Estate Recap WE NEED INVENTORY

Newton Bi-Monthly Real Estate Recap WE NEED INVENTORY

Newton, MA.  11:00 AM EST

I am sure many of you are annoyed, irritable, cold and so are real estate brokers.  I am also sure MANY of you are coping with ice dams the likes you have never seen before.  I hope you’re tired of shoveling your walks, driveways and now your roof and you’re ready to sell because we need inventory!  In what is normally our busiest time of the year the market has stalled, not because of a lack of buyers but a lack of homes for sale.  Houses are going under agreement every day.

Currently there are only 65 houses for sale, down from 77 just 1 month ago!  44 homes have gone under agreement in the past 2 weeks across all price ranges!  Buyers ARE out there.  The hottest segment of the market is the 1 million to 1.5 million range with 11 going under agreement in the last 2 weeks.

Don’t wait any longer….call me to buy or sell.  I expect many homes to come on the market as soon as the snow clears — don’t wait.  This is a supply and demand business and there is activity.

On-Market Snapshot
Report Run: 2/23/2015 Property Type(s): SF Snapshot Date: 1/23/2015 Towns: Newton
1/23/2015  2/23/2015 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 1 15 – – $500,000 – $599,999 2 132 2 163 $600,000 – $699,999 4 47 1 119 $700,000 – $799,999 2 148 3 96 $800,000 – $899,999 3 105 2 85 $900,000 – $999,999 2 79 2 109 $1,000,000 – $1,499,999 15 102 12 96 $1,500,000 – $1,999,999 17 153 12 178 $2,000,000 – $2,499,999 13 201 14 215 $2,500,000 – $2,999,999 8 139 6 178 $3,000,000 – $3,999,999 8 192 9 230 $4,000,000 – $4,999,999 2 61 2 92 $5,000,000 – $9,999,999 – – – – Over $10,000,000 – – – – Total Properties 77 Avg. 140 65 Avg. 165 Lowest Price: $499,000 Median Price: $1,750,000 Highest Price: $4,300,000 Average Price: $1,968,851 Total Market Volume: $151,601,585 Lowest Price: $599,000 Median Price: $1,949,000 Highest Price: $4,300,000 Average Price: $2,084,102 Total Market Volume: $135,466,687

 

Pending Statistics
Report Run: 2/23/2015 Property Type(s): SF Start Date: 02/09/2015 End Date: 02/23/2015 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 – – – – – $600,000 – $699,999 1 1 – – – $700,000 – $799,999 2 1 – 1 – $800,000 – $899,999 – – – – – $900,000 – $999,999 1 – 1 – – $1,000,000 – $1,499,999 10 8 2 – – $1,500,000 – $1,999,999 – – – – – $2,000,000 – $2,499,999 – – – – – $2,500,000 – $2,999,999 1 – 1 – – $3,000,000 – $3,999,999 1 – – – 1 $4,000,000 – $4,999,999 – – – – – $5,000,000 – $9,999,999 – – – – – Over $10,000,000 – – – – – Total Properties 16 10 4 1 1 Lowest Price: $675,000 Median Price: $1,249,000 Highest Price: $3,295,000 Average Price: $1,363,112 Total Market Volume: $21,809,800

 

Total Sold Market Statistics
Report Run: 2/23/2015 11:11:23 AM Property Type(s): SF Status: SLD Start Date: 02/09/2015 End Date: 02/23/2015 Towns: Newton
Price Range # of Listings Avg. Days on Market Avg. Days to Offer 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 0 $50,000 – $99,999 0 0 0 $0 $0 0 $0 0 $100,000 – $149,999 0 0 0 $0 $0 0 $0 0 $150,000 – $199,999 0 0 0 $0 $0 0 $0 0 $200,000 – $249,999 0 0 0 $0 $0 0 $0 0 $250,000 – $299,999 0 0 0 $0 $0 0 $0 0 $300,000 – $349,999 0 0 0 $0 $0 0 $0 0 $350,000 – $399,999 0 0 0 $0 $0 0 $0 0 $400,000 – $449,999 0 0 0 $0 $0 0 $0 0 $450,000 – $499,999 0 0 0 $0 $0 0 $0 0 $500,000 – $599,999 0 0 0 $0 $0 0 $0 0 $600,000 – $699,999 1 20 1 $671,000 $630,000 107 $630,000 107 $700,000 – $799,999 2 109 78 $745,500 $749,450 99 $749,450 99 $800,000 – $899,999 0 0 0 $0 $0 0 $0 0 $900,000 – $999,999 1 9 9 $966,500 $950,000 102 $950,000 102 $1,000,000 – $1,499,999 2 129 107 $1,325,000 $1,372,000 97 $1,395,000 95 $1,500,000 – $1,999,999 1 1 1 $1,537,500 $1,650,000 93 $1,650,000 93 $2,000,000 – $2,499,999 2 115 100 $2,225,000 $2,383,000 93 $1,235,250 43064 $2,500,000 – $2,999,999 0 0 0 $0 $0 0 $0 0 $3,000,000 – $3,999,999 0 0 0 $0 $0 0 $0 0 $4,000,000 – $4,999,999 0 0 0 $0 $0 0 $0 0 $5,000,000 – $9,999,999 0 0 0 $0 $0 0 $0 0 $10,000,000 – $99,999,999 0 0 0 $0 $0 0 $0 0 Total Properties 9 Avg. 82 Avg. 64 $1,307,333 $1,359,878 98 $1,109,933 9646 Lowest Price: $671,000 Median Price: $1,200,000 Highest Price: $2,300,000 Average Price: $1,307,333 Total Market Volume: $11,766,000

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