Wellesley Real Estate Information

Number of properties currently on the market in Wellesley:
Single Family: 155 Properties
Multi Family: 1 Property
Land: 7 Properties
Number of new Wellesley Real Estate listings in the last month:
Single Family: 31 Properties
Multi Family: 0 Properties
Land: 2 Properties
Average list price for Real Estate in Wellesley over the last 6 months:
Single Family: $1,593,645
Multi Family: $799,000
Land: $597,200

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Needham Homes for Sale… market stats as of July 22, 2011…

More information on Needham homes:

Number of properties currently on the market in Needham:
Single Family: 149 Properties
Multi Family: 6 Properties
Land: 12 Properties

Number of new Needham Real Estate listings in the last month:
Single Family: 28 Properties
Multi Family: 1 Property
Land: 1 Property

Average list price for Real Estate in Needham over the last 6 months:
Single Family: $994,994
Multi Family: $664,725
Land: $846,322

Brookline Real Estate Update ~ July 18, 2011

Brookline Market update:

Number of properties currently on the market:
Houses: 65 Properties
Condo: 116 Properties
Multi Family: 6 Properties
Land: 2 Properties

Number of new listings in the last month:
Houses: 6 Properties
Condo: 23 Properties
Multi Family: 0 Properties
Land: 1 Property

Average list price over the last 6 months:
Houses: $2,396,667
Condo: $547,040
Multi Family: $998,750
Land: $599,500

Commuting to Boston from Wellesley or Metro West

One of the biggest factors to consider for a buyers looking to purchase in Wellesley, or Metro West, is what their commute into Boston will be like.

I have had many clients make the transition from city living to buying in the suburbs west of Boston. For those that want to drive into the city, I can tell you that during the Labor Day-Memorial Day months, you need to get through the Weston Tolls (inbound) by 6:45 to avoid tapping the brakes most of the way into the city. If you are on the pike after 7:15, you are most likely going to have a bumper to bumper – slow ride in (approximately 30 minutes to get to the Brighton tolls (where a big back up will await you for getting into Cambridge). Driving the Back Bay will offer much less resistance.

Wellesley and Metro West Train Schedule

So, how is the real estate market????

I’m frequently asked, “How’s the market?”

Obviously there are several ways to answer the, “how’s the market?” question. This month I have done some research to provide a glimpse into the available single family inventory for sale in different towns. Simply put, this is the amount of supply (in months) for sale in each town.

Using the total sales during that last 6 months, compared to the number of single family listings currently for sale, I have shown the supply for each town. A town with 5 months of supply or less is considered to be a seller’s market. And a town with 6 months or more, is considered to be a buyers market.

Wellesley: 8 months supply
Weston: 20 months supply
Wayland: 15 months supply
Needham: 9 months supply
Westwood: 15 months supply
Natick: 6 months supply
Brookline: 11 months supply

What does this mean??? All of these towns have a
buyer’s market… HOWEVER… while this is a GREAT time to be a BUYER… It is also a great time to be a SELLER with an accurately priced property.

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Please call me with any related questions, or for more details about your town, property – or a town of interest. Or if you know someone who might be interested in getting some real estate advice.