Boston Top 20

Newton Real Estate Prices by Zip Code


Newton Top Realtor, Compass, Price by Zip Code

Newton by Zip Code

 

                  SF SOLD 2018                                                SF SOLD 2019

ZIP             # UNITS     Average Price                        #UNITS      Average Price      % Change

02458         48              $1,272,000                                      56               $1,287,000          +1%

02459         161              $1,512,000                                    153             $1,625,000        +7%

02460         37               $1,254,000                                      45               $1,150,000         -8%

02461         71               $1,122,000                                      54               $1,281,000        +14%

02462         12               $1,042,000                                      13               $960,000              -8%

02464         11               $752,000                                           8                $880,000            +17%

02465         96               $1,542,000                                     104             $1,338,000         -13%

02466         36               $1,095,000                                      47               $1,255,000         +14%

02467         35               $1,900,000                                      30              $2,455,000           +29%

02468         75               $1,615,000                                      69               $1,661,000           +3%

 

CONDO      2018                                                                      CONDOS 2019

 

02458         55               $870,000                                         70               $801,000                      -8%

02459         37               $971,000                                         38              $1,098,000                   +13%

02460         41               $709,000                                         29               $899,000                      +26%

02461         10               $1,031,000                                      11               $799,000                      -22%

02462         4                $547,000                                            2                $526,000                       -4%

02464         31               $707,000                                         27               $675,000                       -5%

02465         16               $598,000                                         20              $961,000                       +65%

02466         17               $695,000                                         23               $740,000                      +06%

02467         63               $796,000                                          66               $686,000                      -13%

02468         5                 $1,279,000                                      11               $1,360,000                     -6%

 ALL OF NEWTON

SF              581             $1,421,000                                      580             $1,462,000                    +3%

CONDO    268                $809,000                                       298             $837,000                       +3% 

If you’d like to dive deeper into these numbers, do reach out to us.  Condition, location in a particular code, and lot size all come into play.   Smaller villages usually see a wider fluctuation due to volume.

 

 

 

 

 

Open House:5 Richfield Road, West Newton, Sunday, 2/10 from 12:30-2


Newton Top Realtors, Sotheby’s, Compass, Homes for Sale

5 Richfield Road

Upsize, downsize or rightsize to this stylish and elegant Arts and Crafts completely renovated in 2012 with an amazing 1ST FLOOR MASTER SUITE! This sophisticated four-bedroom, 4 1/2 bath home features an open and airy layout. The spacious main level offers an ultra-chic living room with a fireplace, gracious dining room, and chef’s kitchen open to breakfast/family room. The kitchen boasts Miele and Sub Zero appliances, with direct access to a covered mahogany porch. A first-floor master bedroom suite encompasses his and her bathroom, walk-in closet, an additional closet, laundry, and linen closet. The second floor consists of three very spacious bedrooms, two full baths, linen closet, and a second laundry room. Finished LL features a media room with custom bookshelves, full bath, office, and storage. The architect-designed 2012 renovation includes a second-floor addition while baths, systems, roof, windows, and sound system were replaced. Conveniently located to Pike, Commuter Rail, shopping, WN Square, and Newtonville.  Designed by Architect, Kent Duckham.

Home Prices Increase in Every Price Range


NEWTON, MA. REAL ESTATE, TOP BROKERS IN NEWTON, MA. COMPASS, SOTHEBY’S

Home Prices Increase in Every Price Range

Home Prices Increase in Every Price Range | MyKCM

CoreLogic’s Home Price Index (HPI) Report revealed,

National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.

They also analyzed four individual home-price tiers, showing the increase in each.

Here’s the breakdown:

Home Prices Increase in Every Price Range | MyKCM

To clarify the methodology, CoreLogic explains,

“The four price tiers are based on the median sale price and are as follows: homes priced at 75% or less of the median (low price), homes priced between 75% and 100% of the median (low-to-middle price), homes priced between 100% and 125% of the median (middle-to-moderate price) and homes priced greater than 125% of the median (high price).”

What does this mean if you’re selling?Price appreciation can differ depending on your price range. If you’re a homeowner thinking of selling, let’s get together to find out how much your home is increasing in value, so you can price it competitively for today’s market.

CALL ME AT 617.921.6860 OR margaret@compass.com

Please Join Us at BenchMark Adelaide in Newton Centre


For an in-depth conversation about financial fraud.

 

Tuesday, September 10th from 5-7

157 Herrick Road, Newton Centre

RSVP: margaret@compass.com or 617-921-6860

4 Tips for Making a Competitive Offer


Newton, MA. Real Etstate, Compass, Sotheby’s Suburban Boston Team #Top Realtor

4 Tips for Making a Competitive Offer

4 Tips for Making a Competitive Offer | MyKCM

So, you’ve been searching for that perfect house to call ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure you make a good offer so that you can guarantee that your dream of making this house yours comes true!

Below are 4 steps provided by Freddie Mac to help buyers make offers, along with some additional information for your consideration:

1. Determine Your Price

“You’ve found the perfect home and you’re ready to buy. Now what? Your real estate agent will be by your side, helping you determine an offer price that is fair.”

Based on your agent’s experience and key considerations (like similar homes recently sold in the same neighborhood or the condition of the house and what you can afford), your agent will help you to determine the offer that you are going to present.

Getting pre-approved will not only show home-sellers that you are serious about buying, but it will also allow you to make your offer with confidence because you’ll know that you have already been approved for a mortgage in that amount.

2. Submit an Offer

“Once you’ve determined your price, your agent will draw up an offer, or purchase agreement, to submit to the seller’s real estate agent. This offer will include the purchase price and terms and conditions of the purchase.”

Talk with your agent to find out if there are any ways in which you can make your offer stand out in this competitive market! A licensed real estate agent who is active in the neighborhoods you are considering will be instrumental in helping you put in a solid offer.

3. Negotiate the Offer

“Oftentimes, the seller will counter the offer, typically asking for a higher purchase price or to adjust the closing date. In these cases, the seller’s agent will submit a counteroffer to your agent, detailing their desired changes, at this time, you can either accept the offer or decide if you want to counter.

Each time changes are made through a counteroffer, you or the seller have the option to accept, reject or counter it again. The contract is considered final when both parties sign the written offer.”

If your offer is approved, Freddie Mac urges you to “always get an independent home inspection, so you know the true condition of the home.” If the inspector uncovers undisclosed problems or issues, you can discuss any repairs that may need to be made with the seller or even cancel the contract altogether.

4. Act Fast

The inventory of homes listed for sale has remained well below the 6-month supply that is needed for a ‘normal’ market. Buyer demand has continued to outpace the supply of homes for sale, causing buyers to compete with each other for their dream homes.

Make sure that as soon as you decide that you want to make an offer, you work with your agent to present it as quickly as possible.

Bottom Line

Whether buying your first home or your fifth, having a local real estate professional who is an expert in his or her market on your side is your best bet in making sure the process goes smoothly. Let’s talk about how we can make your dream of homeownership a reality!

Home Buyers are Optimistic About Homeownership!


Newton, MA. Brookline, Sotheby’s Compass Suburban Boston Team #TopRealtor

Home Buyers are Optimistic About Homeownership!

Home Buyers are Optimistic About Homeownership! | MyKCM

When we consider buying an item, we naturally go through a research process prior to making our decision. We ask our friends and family members who have made similar purchases about their experience, we get opinions and insights, and we read reviews online. There’s no difference when considering a home purchase!

Most homebuyers start by listening to the news to hear what is being said about the real estate market. They check with family and friends about their experience. They spend time online reading reviews about their desired neighborhood.

The challenge is that comments from the news and those closest to us can contradict the data and reports. One source says one thing, while another source says something completely different.

There is a group of homebuyers that are not allowing comments about an upcoming recession to interfere with their decision to buy a home. According to a survey by realtor.com®,

Nearly 70 percent of home shoppers this spring think the U.S. will enter a recession in the next three years, but that hasn’t stopped them from trying to close on a home…Despite the fact that they foresee an economic downturn, they generally expressed confidence that a future recession will be better than 2008 for the housing market.”

The report provides more insights from the survey:

  • Nearly 30% of the active home shoppers* surveyed expect the next recession to begin sometime in 2020.
  • 56% of shoppers believe home prices have hit their peak.
  • 41% believe housing will fare better than 2008.
  • 45% of home shoppers feel at least slightly more optimistic about homeownership.
  • 33% reported no impact on their feelings about homeownership.

Homebuyers are aware and making decisions with their eyes wide-open. As the report mentioned,

“The fact that some [36%] home shoppers expect the next recession to be harder on the housing market than the last recession suggests that they are buying homes with eyes wide-open and very sober, if not slightly pessimistic, views of the housing market.

This is a stark contrast to the years leading up to the last recession when ‘irrational exuberance’ was more common and yet another reason to expect that the next downturn will be very different for the housing market than the last.”

Bottom Line

If you are considering buying a home, let’s get together to help you understand our local market and determine if buying a home is the right choice for you now.

*Active home shoppers are those consumers who responded that they plan to purchase their next home in 1 year or less.

 

Newton and Brookline Real Estate Recap


Newton, MA. Brookline, Sotheby’s Compass, Suburban Boston Team

 

The Rundown

Spring events in Brookline are in full bloom and Newton passes another law on going green. We’re also taking a closer look at the local real estate market. Keep reading to learn more about what’s coming to your neighborhood in May!

New & Noteworthy

Five Tips for First-Time Homebuyers

Spring can be the perfect time for first-time home buyers to begin their search. Read up on some tips on how to navigate the marketplace here.

Brookline Single-Family Home Prices Proven to Increase
No need to worry about value when buying a home in Brookline. Brookline saw single-family prices increase between 2005’s market peak and 2011’s bottom. Learn more about some of the top spots to buy in Greater Boston here.

Newton Bans Plastic Stirrers and 

Polystyrene Food Containers

Newton passed a law that will ban restaurants from the use of plastic stirrers and polystyrene to-go containers. The ban will be effective as of January 2020. Learn more about how Newton is going green here.

Market Snapshot
Nesting
Etsy’s 2019 Home Decor Trends Will Have You Inspired 

Etsy has declared 2019 the year of maximalism–think statement home decor accents, bold patterns, and vibrant hues. Read all about the latest trends here on Elle Decor.

3 Ways to Give Your Bed a Much-Needed Spring Refresh

You’ll spend a third of your life sleeping, so it’s important to keep your bed in tip-top shape. Learn how to properly care for your mattress, bedding, and pillows here on Apartment Therapy.

Mark Your Calendar

The Shop on Washington Mother’s Day Pop-up | May 2-5 and 8-11

A special Mother’s Day pop-up shop is coming to Newtonville for two weekends in May. The shop will feature a variety of locally-based brands for gifting. Check out the schedule of workshops and events here.

ART Off The Wall | May 11

The fifth annual ART Off The Wall is returning to Brookline this spring. The event features works by artists who support the mission of the Brookline Arts Center. Learn more about the participating artists and purchase your tickets here.

Brookline Cherry Blossom Festival | 

May 18 

The Brookline Cherry Blossom Festival began as a celebration to honor the donation of cherry trees to Brookline High School from the Consul of Japan. The annual event features food, games, and music for the whole family. View the schedule of events for the day here.

Featured Listings
West Newton

The finest example of a Queen Anne on coveted West Newton Hill

Priced at $3,600,000

Margaret Szerlip

617.921.6860

 

margaret@compass.com

© Compass 2019 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in