Newton’s Top Agent, Compass, Sotheby’s, Newton, MA., West Newton Hill
Newton continues to be a seller’s market with the exception of the over 2 million price points. In the past 2 weeks, 43 new homes were listed with 47 going under agreement during the same period. Currently, there are only 127 single family homes for sale and only 15 are under 1 million dollars!!! There are 5 homes priced between 1 and 2 million, 34 between 2 and 3 million, 15 between 3 and 4 million, 5 between 4 and 5 million and a whopping 7 houses priced between 5 and 8 million dollars! These numbers are astronomically inflated. In the past 5 years only 67 houses have sold in Newton over 3 million dollars yet as of today there are 30 listed over 3 million. Something has to give and my guess is it will be the price. Only 4 houses have topped 6 million dollars, ever.