Kent Duckham

OPEN HOUSE Sunday, May 17th from 12-1:30 1592 Commonwealth Ave, Newton, MA


OPEN HOUSE Sunday 12-1:30 1592 Commonwealth Ave, Newton, MA050   BostonRealEstateMedia com

 

The flowers have bloomed, the pool and hot tub are open…come see this very special home

 

 

3 CLIENTS ALL IN ONE ARTICLE IN THE BOSTON GLOBE


3 CLIENTS ALL IN ONE ARTICLE IN THE BOSTON GLOBE

Erin Gates: Designer and Elements of Style Blogger and Author

Sarah Winchester: Photographer Extraordinaire

Dina Cirimboli: Owner

Newton, Sotheby’s Realty, Top Newton Brokers

ErinGatesDesignDinasGirlsStudy(2015)-5 copy

I was so excited to have this special little space I designed featured in the Boston Globe Magazine this weekend (shot by the wonderful Sarah Winchester)!  This room was for a long time client (whose house is in my book) that needed a study space for her daughter as well as a second guest room, and I think we succeeded on both fronts!

IMG_1665

A daybed from Restoration Hardware anchored the room and gave us ample floor space for the other elements we needed to incorporate into the space.  We used Farrow & Ball’s Lotus wallpaper behind the bed for some drama and installed two brass sconces from Circa Lighting for ample direct reading light. All the pillows were custom as were the cuffed drapes.

ErinGatesDesignDinasGirlsStudy(2015)-1-1 copy

ErinGatesDesignDinasGirlsStudy(2015)-4

In between the draped windows we used a tall skinny bookshelf for book storage ( lots of the accessories I found at Homegoods).

ErinGatesDesignDinasGirlsStudy(2015)-2-1 copy

Across from the bed we used a West Elm dining table as a double desk so two chairs could face each other for when help was needed at homework time.

ErinGatesDesignDinasGirlsStudy(2015)-3-1 copy

FOR SALE: 1592 COMMONWEALTH AVENUE, NEWTON, MA. $3,599,000


Sotheby’s Newton, MA.  Top Newton Brokers  12:00PM EST

 

RESORT LIVING IN NEWTON:050   BostonRealEstateMedia com

This Georgian inspired colonial embodies all of the elements of intelligent design. Perfect home for family gatherings, large formal entertaining, and cozy evenings with friends. The enchanted garden-scape created by Sudbury design includes an in-ground pool, inviting hot tub, elegant plantings, stone walls, and wide patios, plus room for cooking & outdoor entertaining. This is a property that exudes a life of fun and sport… handsome billiard room on the lower level with a built-in dry bar, a Sauna, an enormous game room with custom storage, and a coveted MEDIA room with elevated platforms, leather recliners, surround sound, a seating area for snacks & popcorn & fireplace. Chef’s kitchen with all “Wolf” appliances, huge island dining & prep area; Family room with fireplace and double height windows; French doors and bay window Breakfast Room; Stunning dining room and Living Room; Mahogany paneled Library; Luxurious Master suite with a fireplace and heated floors in steam spa bath.001   BostonRealEstateMedia com003   BostonRealEstateMedia com 006   BostonRealEstateMedia com 013   BostonRealEstateMedia com 011   BostonRealEstateMedia com 019   BostonRealEstateMedia com 027   BostonRealEstateMedia com 036   BostonRealEstateMedia com 048   BostonRealEstateMedia com 047   BostonRealEstateMedia com

Bi-Monthly Newton Real Estate Recap


Sotheby’s Newton, MA. Top Brokers

Newton, MA.  1:30PM EST

Spring has finally arrived and it has brought a few more listings to the market.  Inventory has increased from 92 to 108 homes for sale.  While 20 additional homes are available we are still about 50% of a normal market.  31 homes have gone under agreement in the past 2 week with the 1.5-2 million dollar price range continuing to be the most active.  There is also activity in the very high-end market.  Only 14 homes closed in the past few weeks and that is a direct result of snow bound buyers and sellers during late January and February.


On-Market Snapshot
Report Run: 4/13/2015 1:07:03 PM
Property Type(s): SF
Snapshot Date: 03/31/2015
Towns: Newton
 03/31/2015  4/13/2015
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 6
$500,000 – $599,999 1 209 4 61
$600,000 – $699,999 1 0 1 3
$700,000 – $799,999 2 149 3 9
$800,000 – $899,999 4 63 6 43
$900,000 – $999,999 3 56 6 50
$1,000,000 – $1,499,999 22 32 24 38
$1,500,000 – $1,999,999 23 48 27 42
$2,000,000 – $2,499,999 14 167 14 177
$2,500,000 – $2,999,999 12 128 15 149
$3,000,000 – $3,999,999 8 228 7 131
$4,000,000 – $4,999,999 1 22
$5,000,000 – $9,999,999
Over $10,000,000
Total Properties 92 Avg. 92 108 Avg. 79
Lowest Price: $399,000
Median Price: $1,717,500
Highest Price: $4,500,000
Average Price: $1,906,135
Total Market Volume: $175,364,486
Lowest Price: $450,000
Median Price: $1,662,000
Highest Price: $3,999,900
Average Price: $1,791,334
Total Market Volume: $193,464,086

 

Pending Statistics
Report Run: 4/13/2015 1:09:03 PM
Property Type(s): SF
Start Date: 03/31/2015
End Date: 04/13/2015
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 1 1
$400,000 – $449,999
$450,000 – $499,999 1 1
$500,000 – $599,999
$600,000 – $699,999 4 2 2
$700,000 – $799,999 1 1
$800,000 – $899,999 4 1 2 1
$900,000 – $999,999 4 2 2
$1,000,000 – $1,499,999 7 1 6
$1,500,000 – $1,999,999 4 3 1
$2,000,000 – $2,499,999 2 2
$2,500,000 – $2,999,999
$3,000,000 – $3,999,999 2 2
$4,000,000 – $4,999,999 1 1
$5,000,000 – $9,999,999
Over $10,000,000
Total Properties 31 15 15 0 1
Lowest Price: $399,000 Median Price: $986,950
Highest Price: $4,500,000 Average Price: $1,429,977
Total Market Volume: $44,329,300

 

Total Sold Market Statistics
Report Run: 4/13/2015 1:10:38 PM
Property Type(s): SF
Status: SLD
Start Date: 03/31/2015
End Date: 04/13/2015
Towns: Newton
Price Range # of
Listings
Avg. Days
on Market
Avg. Days
to Offer
Average
Sale Price
Average
List Price
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 0 0 0 $0 $0 $0 0
$450,000 – $499,999 0 0 0 $0 $0 $0 0
$500,000 – $599,999 1 65 65 $560,000 $634,900 $634,900 88
$600,000 – $699,999 1 80 3 $655,000 $630,000 $630,000 104
$700,000 – $799,999 1 6 6 $777,600 $729,000 $729,000 107
$800,000 – $899,999 0 0 0 $0 $0 $0 0
$900,000 – $999,999 1 68 68 $950,000 $950,000 $950,000 100
$1,000,000 – $1,499,999 6 61 55 $1,244,689 $1,249,333 $1,291,000 97
$1,500,000 – $1,999,999 1 16 2 $1,940,000 $1,879,000 $1,879,000 103
$2,000,000 – $2,499,999 2 8 6 $2,230,000 $2,050,000 $2,050,000 109
$2,500,000 – $2,999,999 1 142 106 $2,600,000 $2,750,000 $2,850,000 91
$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 14 Avg. 54 Avg. 42 $1,386,481 $1,369,207 $1,394,207 99
Lowest Price: $560,000 Median Price: $1,200,000
Highest Price: $2,600,000 Average Price: $1,386,481
Total Market Volume: $19,410,735

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

Protecting Your Nest Egg as You Age


Protecting Your Nest Egg as You Age

 Newton, MA.  10:15AM EST

Retirement savings golden nest eggPeople pondering their retirement years often conjure images of spending more time on a favorite pastime or traveling around the country or the world.

Health concerns can intrude on those idyllic scenes, though, not only affecting enjoyment of life but also punching a heavy dent in retirement savings.

“As we age, usually our medical or long-term care expenses increase, sometimes depleting our assets to a level of crisis,” says financial advisor Jake Lowrey, president of Lowrey Financial Group.

“It’s important for retirees, and anyone planning for retirement, to become educated about what the pitfalls are and what they need to do to avoid losing their life savings.”

Long-term care especially can burn a hole in savings accounts. In 2012, for example, nursing home care averaged $74,800 a year, according to a report by the Henry J. Kaiser Family Foundation.

Meanwhile, assisted living facilities averaged $39,500 per year, and home-health services averaged $21 per hour.

More than 10 million Americans need some sort of long-term care, the Kaiser report says. That number covers all ages, even children, but about half are people 65 and older.

“Those older Americans had looked forward to enjoying their golden years,” Lowrey says. “They should be able to have actual golden years instead of what can end up being scary years, both personally and financially.”

Certainly, being able to maintain good health is a key factor in protecting savings and making retirement enjoyable and satisfying, he says.

But life doesn’t always work out that way. Fortunately, there are strategies seniors can use to lessen the impact of expenses brought on by long-term care needs. Lowrey says some of those include:

• VA benefits.
Military veterans may be able to offset nursing home or assisted-living expenses through benefits provided by the U.S. Department of Veteran Affairs. A veteran’s eligibility for long-term care services would be determined based on his or her need for ongoing treatment, personal care and assistance, as well as the availability of the service in the area where the person lives, according to the Department of Veteran Affairs.

Other factors, such as financial eligibility, a service-connected disability, insurance coverage, and/or ability to pay may also come into play.

• Medicaid compliant SPIAs. A SPIA is a single-premium immediate annuity. Typically, a SPIA is a contract with an insurance company where you pay the company a sum of money up front (the premium), and the company promises to pay you a certain amount of money periodically for the rest of your life.

A Medicaid compliant SPIA is a specially designed annuity that pays out over the person’s “life expectancy” and has other specific characteristics. A couple who put money in a Medicaid annuity are able to avoid having the income from that annuity count against the financial assistance a spouse receives for nursing home care.

• Setting up a trust. Trusts can help shelter wealth from the look-back periods in Medicaid requirements and assist in qualifying for VA programs, among other advantages, Lowrey says.

Choose Your Paint with These Fancy Apps


Choose Your Paint with These Fancy Apps

Newton, MA.  

Picking paint at the store can be overwhelming, and sometimes you’re less inspired by a paint chip and more inspired by photos, jewelry or Mother Nature. Now your phone can give you the tools you need to preview colors where and when the mood strikes.

Photo by: iStock

Here are five apps that can help you get the right color on the walls before you buy.

The ColorSmart by BEHR® Mobile app lets you preview, match and coordinate colors on-the-go. This fun-to-use app puts you in control with handy features like:
• Browsing through the BEHR Premium Plus Ultra® and Premium Plus® colors collections
• Photo-match to a BEHR color with their proprietary tool
• Preview function to see a color in different rooms and styles
• “Touch-and-tap” technology to paint a room image
• Sharing on Facebook and Twitter
(FREE for iPhone®, iPad® or Android)

The Benjamin Moore Color Capture® app makes it simple to snap a picture of anything that inspires you and instantly find its match among the more than 3,500 Benjamin Moore paint colors. Then you can save your pics and their coordinating color matches to your Favorites. Plus, you can:
• Group colors in Favorites to create personalized combos
• Share your favorite colors on social media and email
• Browse Benjamin Moore’s inspirational color cards and access the full color wheel to search colors
(FREE for iPhone®, iPad® or Android phones 6.1 or higher)

Besides letting you search by name or browse their library of 1,500 colors, ColorSnap® for mobile from Sherwin-Williams allows you to create personalized palettes with colors that inspire you. Simply upload an image and this app will instantly match colors in your photo. Then you can edit, delete or add colors to suit your artistic vision— you can even ask Sherwin-Williams for colors that complement your selections. The possibilities are endless with features that help you:
• Fine-tune colors for lightness, saturation and hue
• Get detailed color information such as names, RGB values and LRV numbers
• Save and access your Favorites across devices
(FREE for iPhone®, iPad® or Android)

With its intuitive navigation, ProjectPaint by Valspar puts over 3,000 Valspar paints right at your fingertips. Swipe, swish and tap through their catalog to choose colors for inside or outside your home, plus get recommendations for coordinating colors. This app even helps you calculate how much paint you’ll need for your project and creates a customized shopping list so you can make just one trip to the store.

Don’t want to limit your color choices to one particular brand? AnyPaintColor by MyPerfectColorlets you search over 130,000 colors from over 100 brands including Martha Stewart and Ralph Lauren. It’s essentially a virtual fan deck that gives you the power to browse colors to your heart’s content without having to set one foot in a store.
($2.99 for iPhone®, iPad®, iPod Touch®)

13,000-Plus Listings Sell Every Day…Is Yours One of Them?


 

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13,000-Plus Listings Sell Every Day…Is Yours One of Them? 

Mar 05, 2015 09:25 am

listings_sell

It’s very exciting when a homeowner entrusts you with the marketing and ultimate sale of their home. Yes, you got a new listing!

Fast-forward a couple of weeks or months, and if the listing hasn’t sold, then you have some explaining to do. In a recent Existing-Home Sales Report from the National Association of REALTORS®, annual home sales are listed at 5.04 million homes. In order to put that number into perspective, let’s divide it by 365 days, and you’ll find that there are 13,699 homes sold every day in the United States on average (not accounting for seasonality).

With all of these homes selling across the country daily, blaming the economy or the local market for an unsold listing isn’t going to be a strong position with the home seller. It’s far more likely that you’ve made one or more common mistakes when pricing your listing.

Here are three common pricing mistakes that prevent listings from selling in a timely manner:

1. Overpricing from the Start

It’s extremely common for sellers to overvalue their homes compared to other homes in the same neighborhood and price range. Our job as local market experts is to advise and counsel home sellers on the correct pricing strategy.

One of the most important steps in correctly pricing the home is to take an honest look at similar homes in the area that have recently sold. While the seller may feel that their home deserves to command a higher relative sale price, the market determined these comps to be a fair price, so buyers will expect your asking price to be in the same ballpark.

An overpriced listing is a sure way to scare off plenty of potential buyers and waste a lot of your time.

2. Ignoring Search Ranges

These days, almost every buyer searches for homes online. If a potential buyer searches for homes in the $250,000 to $300,000 price range, they won’t see your listing if it’s priced at $305,000.

Even if your listing is a perfect fit for the potential buyer, he or she won’t know about it, even though it’s only $5,000 above their price range search.

You want to make sure you’re not pricing your listing just outside of someone’s price range, so be sure to avoid pricing just over common increment breaks.

3. Not Being Open to Offers

There’s an old saying in our business that the first offer is the best offer; however, you should advise the seller to carefully consider any and all offers that come in, even if they’re well below your asking price. Negotiation is the name of the game. It’s not where an offer starts, it’s where mutual acceptance ends.

Do you want your listing to be one of the 13,000-plus homes that will sell tomorrow? Review your pricing strategy today!

Wendy Forsythe is the executive vice president and head of global operations at Carrington Real Estate Services.

 

 

 

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

Newton Real Estate Recap — We NEED Inventory


Newton Real Estate Recap — We NEED Inventory

Published February 11, 2105 EST Newton, MA.

We have been digging out for weeks now but the snow just keeps coming.  The real estate market is obviously slower than normal.  If we can widen some of these streets and walking paths soon the market will roar to life.  That being said, business is being conducted albeit at a slower pace.  We continue to struggle with a lack of inventory with only 81 homes for sale in what is normally the busiest time of the year.  A normal market has roughly 200 homes for sale.  I cannot remember the last time we had a normal market.    The market may be in the snowoldrums but 42 buyers snapped up a home since the first of the year across all price ranges.  The 1 million to 1.5 million is the most active segment.  I can attest that there are many buyers in that range.  I listed a home in early January for 1.279M and I had countless buyers through.  We received 3 offers and will close at the end of this month.  Interestingly, I see some of the same people at open houses I have seen for the past 2 years.  The truth is some of them are real buyers and some are tire kickers.  Most don’t have a broker and think they are going to get a great deal if they don’t have agent –WRONG!  An agent would help them understand if their wants are even possible and hopefully guide them to a great house.  That’s a blog post for another day.  The point is those people missed the market, there are no bargains out there.  We have an educated savvy buying population, they have seen everything, created a spread sheet and some of them know the inventory better than we do.   They can recite back details of specific homes with encyclopedic knowledge.

In any event, if you are thinking of selling I cannot think of a better time to sell or buy!

 

 

On-Market Snapshot
Report Run: 2/11/2015 11:06:47 AM
Property Type(s): SF
Snapshot Date: 01/01/2015
Towns: Newton
 01/01/2015  2/11/2015
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 2 9
$500,000 – $599,999 2 151
$600,000 – $699,999 4 90 2 68
$700,000 – $799,999 3 108 4 88
$800,000 – $899,999 4 69 1 155
$900,000 – $999,999 3 67
$1,000,000 – $1,499,999 10 130 20 81
$1,500,000 – $1,999,999 11 114 17 156
$2,000,000 – $2,499,999 10 238 13 219
$2,500,000 – $2,999,999 8 129 7 157
$3,000,000 – $3,999,999 9 185 10 227
$4,000,000 – $4,999,999 1 70 2 80
$5,000,000 – $9,999,999
Over $10,000,000
Total Properties 62 Avg. 140 81 Avg. 146
Lowest Price: $489,000
Median Price: $1,899,499.50
Highest Price: $4,195,000
Average Price: $2,015,180
Total Market Volume: $124,941,185
Lowest Price: $599,000
Median Price: $1,750,000
Highest Price: $4,300,000
Average Price: $1,988,265
Total Market Volume: $161,049,485

 

Pending Statistics
Report Run: 2/11/2015 11:08:24 AM
Property Type(s): SF
Start Date: 01/01/2015
End Date: 02/11/2015
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 2 2
$500,000 – $599,999 2 2
$600,000 – $699,999 6 5 1
$700,000 – $799,999 3 1 1 1
$800,000 – $899,999 5 5
$900,000 – $999,999 3 3
$1,000,000 – $1,499,999 10 5 4 1
$1,500,000 – $1,999,999 5 4 1
$2,000,000 – $2,499,999 2 1 1
$2,500,000 – $2,999,999 1 1
$3,000,000 – $3,999,999 2 1 1
$4,000,000 – $4,999,999 1 1
$5,000,000 – $9,999,999
Over $10,000,000
Total Properties 42 30 9 0 3
Lowest Price: $489,000 Median Price: $1,014,450
Highest Price: $4,000,000 Average Price: $1,312,778
Total Market Volume: $55,136,698

 

Total Sold Market Statistics
Report Run: 2/11/2015 11:09:47 AM
Property Type(s): SF
Status: SLD
Start Date: 01/01/2015
End Date: 02/11/2015
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 4 52 38 $566,250 $610,725 93 $620,500 91
$600,000 – $699,999 3 41 22 $657,333 $662,667 99 $689,333 96
$700,000 – $799,999 4 16 14 $744,522 $741,750 101 $741,750 101
$800,000 – $899,999 9 58 9 $846,497 $823,878 103 $829,433 102
$900,000 – $999,999 3 35 6 $933,629 $912,296 102 $912,296 102
$1,000,000 – $1,499,999 9 33 29 $1,251,278 $1,250,000 101 $1,278,333 99
$1,500,000 – $1,999,999 7 159 106 $1,691,857 $1,773,000 95 $1,872,286 91
$2,000,000 – $2,499,999 5 131 128 $2,159,105 $2,358,580 92 $2,698,580 81
$2,500,000 – $2,999,999 1 2 2 $2,900,000 $2,999,000 97 $2,999,000 97
$3,000,000 – $3,999,999 1 32 32 $3,775,000 $3,795,000 99 $3,795,000 99
$4,000,000 – $4,999,999 1 51 51 $4,000,000 $4,250,000 94 $4,250,000 94
$5,000,000 – $9,999,999 1 229 136 $5,495,000 $5,525,000 99 $6,295,000 87
$10,000,000 – $99,999,999 0 0 0 $0 $0 0 $0 0
Total Properties 48 Avg. 71 Avg. 47 $1,410,510 $1,449,429 99 $1,524,202 96
Lowest Price: $545,000 Median Price: $1,138,250
Highest Price: $5,495,000 Average Price: $1,410,510
Total Market Volume: $67,704,476