Bi-Monthly Newton Real Estate Recap

Newton, MA.  Real Estate Recap

Newton, MA.  10:30EST                                                     Buyer and seller sign

 

Well Spring has finally sprung!  Inventory has increased from 70 houses to 90 but still 50% lower than a more normal market.  The 1 million to 2 million market has seen the largest increase from 26 to 44 homes.  There is a dearth of inventory below 1 million dollars.  A total of 32 homes have gone under agreement in the past 2 weeks, up from 20 during the 2 weeks prior.  The 1 million to 1.5 million price range saw the most action with a total of 8 homes going under agreement.  A total of 15 homes closed since mid March and look at the sales price to listing price ratio!!  Homes priced between 600-900K did extremely well with some homes selling for ridiculous prices.  The average sale price was 122% of the list price!  The 1.5 to 2 million category also saw price increases and the list to sale ratio was 113%.  This is all tied to inventory so get your home ready to sell.

Margaret  617-921-6860  margaretszerlip@gmail.com

 

On-Market Snapshot
Report Run: 3/31/2015 10:38:48 AM
Property Type(s): SF
Snapshot Date: 03/16/2015
Towns: Newton
 03/16/2015  3/31/2015
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 1 6
$400,000 – $449,999
$450,000 – $499,999 1 5
$500,000 – $599,999 2 184 1 209
$600,000 – $699,999 1 5 2 5
$700,000 – $799,999 2 141 2 149
$800,000 – $899,999 4 54 5 52
$900,000 – $999,999 4 35 5 57
$1,000,000 – $1,499,999 12 13 22 32
$1,500,000 – $1,999,999 14 85 22 48
$2,000,000 – $2,499,999 12 163 13 181
$2,500,000 – $2,999,999 10 128 12 128
$3,000,000 – $3,999,999 8 213 8 228
$4,000,000 – $4,999,999 1 7 1 22
$5,000,000 – $9,999,999
Over $10,000,000
Total Properties 70 Avg. 104 95 Avg. 90
Lowest Price: $580,000
Median Price: $1,799,000
Highest Price: $4,500,000
Average Price: $1,974,346
Total Market Volume: $138,204,276
Lowest Price: $399,000
Median Price: $1,699,000
Highest Price: $4,500,000
Average Price: $1,846,623
Total Market Volume: $175,429,186

 

Pending Statistics
Report Run: 3/31/2015 10:42:02 AM
Property Type(s): SF
Start Date: 03/16/2015
End Date: 03/31/2015
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 2 1 1
$600,000 – $699,999 3 1 2
$700,000 – $799,999 1 1
$800,000 – $899,999 4 2 2
$900,000 – $999,999 3 3
$1,000,000 – $1,499,999 8 5 2 1
$1,500,000 – $1,999,999 3 1 2
$2,000,000 – $2,499,999 4 3 1
$2,500,000 – $2,999,999 3 2 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 32 20 11 0 1
Lowest Price: $549,000 Median Price: $1,224,500
Highest Price: $3,690,000 Average Price: $1,455,775
Total Market Volume: $46,584,800

 

Total Sold Market Statistics
Report Run: 3/31/2015 10:44:44 AM
Property Type(s): SF
Status: SLD
Start Date: 03/16/2015
End Date: 03/31/2015
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 1 20 20 $468,000 $499,000 94 $499,000 94
$500,000 – $599,999 0 0 0 $0 $0 0 $0 0
$600,000 – $699,999 3 22 6 $648,000 $669,333 97 $669,333 97
$700,000 – $799,999 1 175 175 $795,000 $849,000 94 $869,000 91
$800,000 – $899,999 1 7 7 $825,000 $675,000 122 $675,000 122
$900,000 – $999,999 0 0 0 $0 $0 0 $0 0
$1,000,000 – $1,499,999 6 100 35 $1,213,917 $1,192,150 102 $1,192,150 102
$1,500,000 – $1,999,999 1 4 4 $1,578,000 $1,399,000 113 $1,399,000 113
$2,000,000 – $2,499,999 1 231 155 $2,100,000 $2,200,000 95 $2,499,000 84
$2,500,000 – $2,999,999 1 271 7 $2,700,000 $2,999,000 90 $2,999,000 90
$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 15 Avg. 92 Avg. 40 $1,179,567 $1,185,460 101 $1,206,727 100
Lowest Price: $468,000 Median Price: $1,095,000
Highest Price: $2,700,000 Average Price: $1,179,567
Total Market Volume: $17,693,500
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