Wellesley market update for The Fells Neighborhood….

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What to do when your Massachusetts property listing contract has expired

Unfortunately, not all properties sell during the first listing contract with a broker. Here are some thoughts about what to do after your properties has expired, and is no longer listed and being actively marketed.

Wellesley real estate update – November 2012 – Homes for Sale in Wellesley

Here is your update for Wellesley real estate in so far in 2012 as compared to 2011. The Wellesley home sales market has changed in many ways from last year, and I think it will change again in 2013.

Wellesley Homes for Sale!

View Wellesley Homes Currently Listed for Sale

Update for Wellesley Home Sales

Number of properties currently on the market in Wellesley:
Single Family: 176 Properties
Multi Family: 3 Properties
Land: 7 Properties

Number of new Wellesley Real Estate listings in the last month:
Single Family: 22 Properties
Multi Family: 1 Property
Land: 1 Property

Average list price for Real Estate in Wellesley over the last 6 months:
Single Family: $1,494,446
Multi Family: $809,000
Land: $646,300

Wellesley Real Estate Update – as of 9/21/11

If you, or someone you know, is considering buying or selling real estate in Wellesley, MA – here is some useful information about the current housing market:

Number of properties currently on the market in Wellesley:
Single Family: 168 Properties
Multi Family: 3 Properties
Land: 7 Properties

Number of new Wellesley Real Estate listings in the last month:
Single Family: 43 Properties
Multi Family: 1 Property
Land: 1 Property

Average list price for Real Estate in Wellesley over the last 6 months:
Single Family: $1,482,534
Multi Family: $1,124,333
Land: $619,967

July Existing Home Sales Statistics:

Existing home sales report for July were released today. Regionally sales in the Northeast and the Midwest were up, and in the West and the South they were down. Sales increased by 2.7% to a rate of 750,000 units, a 19% increase from last year while the Midwest increased by 1%, to a pace of 1.05 million, 31.1% higher than July 2010.
The South existing home sales declined by 1.6% to a rate of 1.84 million in July but remain 19.5% above sales in July 2010. Sales in the West are down 12.6% to an annual pace of 1.04 million in July, which is 6.9% higher than a year ago.

The median sales price for all existing home was $174,000, down 4.4% from last year. Approximately 29% of all sales in July were of distressed homes either from foreclosure sales, real estate owned by lenders, or short sales compared to 30% from last month and 32% from a year earlier.

First time buyers were responsible for 32% of sales, up 1% point since June with repeat buyers accounting for 50%, and 18% for investment properties.