Bi-Monthly Real Estate Recap

Bi-Monthly Real Estate Recap

Newton’s Top Brokers Sotheby’s Newton, MA.

Posted April 27, 2015 9:45AM EST

Inventory remains very low in Newton, we have had a small increase from 105 to 116 homes for sale.  Out of the 116 available homes only 19 are below 1 million dollars.  The least expensive home currently listed is $519,000.  48 homes have gone under agreement in the last 2 weeks up from 31 during the prior period.  The most active segment of the market remains the 1 million to 2 million segment with 21 homes going under agreement in the past 2 weeks. A mere 7 homes sold during the same 2 weeks.  The record snowfall kept most buyers and sellers on the sidelines and today’s closings represent what happened roughly 60 days ago.

The condo market is also incredibly busy and buyers thirst for new construction is not waning.  Stay tuned, the next 2 weeks promise to be very busy now that school vacations and religious holidays are behind us.

 

 

On-Market Snapshot
Report Run: 4/27/2015 9:35:39 AM Property Type(s): SF Snapshot Date: 04/13/2015 Towns: Newton
04/13/2015  4/27/2015 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 – – – – $500,000 – $599,999 4 61 4 61 $600,000 – $699,999 1 3 1 5 $700,000 – $799,999 3 9 5 20 $800,000 – $899,999 5 49 4 68 $900,000 – $999,999 6 32 5 18 $1,000,000 – $1,499,999 22 27 25 32 $1,500,000 – $1,999,999 27 42 28 65 $2,000,000 – $2,499,999 14 176 15 141 $2,500,000 – $2,999,999 15 149 19 138 $3,000,000 – $3,999,999 8 122 9 78 $4,000,000 – $4,999,999 – – 1 12 $5,000,000 – $9,999,999 – – – – Over $10,000,000 – – – – Total Properties 105 Avg. 77 116 Avg. 76 Lowest Price: $549,000 Median Price: $1,699,000 Highest Price: $3,999,900 Average Price: $1,840,896 Total Market Volume: $193,294,174 Lowest Price: $519,000 Median Price: $1,765,000 Highest Price: $4,000,000 Average Price: $1,911,413 Total Market Volume: $221,723,953

 

Pending Statistics
Report Run: 4/27/2015 9:37:49 AM Property Type(s): SF Start Date: 04/13/2015 End Date: 04/27/2015 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 1 – 1 – – $500,000 – $599,999 4 3 1 – – $600,000 – $699,999 3 1 2 – – $700,000 – $799,999 1 1 – – – $800,000 – $899,999 6 5 1 – – $900,000 – $999,999 7 3 4 – – $1,000,000 – $1,499,999 11 6 4 – 1 $1,500,000 – $1,999,999 10 4 5 – 1 $2,000,000 – $2,499,999 1 – – – 1 $2,500,000 – $2,999,999 3 1 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 48 25 19 0 4 Lowest Price: $450,000 Median Price: $1,064,000 Highest Price: $3,999,000 Average Price: $1,308,149 Total Market Volume: $62,791,163

Total Sold Market Statistics
Report Run: 4/27/2015 9:39:48 AM Property Type(s): SF Status: SLD Start Date: 04/13/2015 End Date: 04/27/2015 Towns: Newton
Price Range # of Listings Avg. Days on Market Avg. Days to Offer Average Sale Price Average Orig Price SP:OP Ratio $0 – $49,999 0 0 0 $0 $0 0 $50,000 – $99,999 0 0 0 $0 $0 0 $100,000 – $149,999 0 0 0 $0 $0 0 $150,000 – $199,999 0 0 0 $0 $0 0 $200,000 – $249,999 0 0 0 $0 $0 0 $250,000 – $299,999 0 0 0 $0 $0 0 $300,000 – $349,999 0 0 0 $0 $0 0 $350,000 – $399,999 0 0 0 $0 $0 0 $400,000 – $449,999 0 0 0 $0 $0 0 $450,000 – $499,999 0 0 0 $0 $0 0 $500,000 – $599,999 0 0 0 $0 $0 0 $600,000 – $699,999 1 35 35 $656,000 $684,000 96 $700,000 – $799,999 0 0 0 $0 $0 0 $800,000 – $899,999 0 0 0 $0 $0 0 $900,000 – $999,999 0 0 0 $0 $0 0 $1,000,000 – $1,499,999 2 50 23 $1,130,750 $1,299,000 88 $1,500,000 – $1,999,999 1 185 177 $1,800,000 $2,200,000 82 $2,000,000 – $2,499,999 2 272 117 $2,250,000 $2,474,500 91 $2,500,000 – $2,999,999 0 0 0 $0 $0 0 $3,000,000 – $3,999,999 1 139 139 $3,600,000 $3,750,000 96 $4,000,000 – $4,999,999 0 0 0 $0 $0 0 $5,000,000 – $9,999,999 0 0 0 $0 $0 0 $10,000,000 – $99,999,999 0 0 0 $0 $0 0 Total Properties 7 Avg. 143 Avg. 90 $1,831,071 $2,025,857 90 Lowest Price: $656,000 Median Price: $1,800,000 Highest Price: $3,600,000 Average Price: $1,831,071 Total Market Volume: $12,817,500