Wellesley Massachusetts Real Estate Market Report 1st Quarter '08The total number of single family home sales in Wellesley for the 1st quarter of 2008: 50. The change from thesame period last year (61): -11, a decrease of 18%. The median sale price was $1,079,750. The change from the same period 2007: -$70,250, a decrease of 18%. Average Days on Market was 146, slightly less than the same period last year (155). The average List Price to Sales Price ratio also decreased slightly, to 96% from 95%. There are currently 133 single family homes on the market in Wellesley, down from 157 a year ago. The median asking price is $1,375,000, up from $1,259,000 1 year ago. All information is from the MLS Property Information Network, Inc.
If you are buying a home, there hasn't been a better time in years. There is more inventory, fewer buyers, and sellers are pricing their homes much more realistically. Interest rates are excellent. Desirable towns like Wellesley have always been a good investment, as well as a wonderful place to raise a family. The first step in the homebuying process is finding an experienced buyer agent to represent you. Now more than ever, experience matters. Homes that are priced right are selling. If you are selling call or e-mail me to find out more about how to price your home for today's market. The first step in selling a home is to select the right Realtor. I have over 15 years experience assisting sellers and buyers in Wellesley and surrounding Metrowest towns. Jon Treon can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Metrowest Boston for the last 15 Years. Visit my website at http://www.jontreon.com/ for the latest MLS listings and buyer and seller info. Natick Massachusetts Real Estate - Market Report 1st Quarter 2008Total number of single family home sales, 1st quarter '08: 46. Change from same period last year: -16, a decrease of 25%. The median price was $376,450. The change from the same period '07: -$52,050, a decrease of 12%. Average Days on Market was 147, almost unchanged from the same period last year (150). The average List Price to Sales Price ratio also increased slightly, to 95% from 96%. There are currently 103 single family homes on the market in Natick, down from 113 a year ago. The median asking price is $469,900, down from $499,900 1 year ago.
For Condominium sales, the total number of sales decreased significantly, from 34 in the 1st quarter '07 to 13 for the 1st quarter of this year. The median price, however, increased a bit, from $220,475 to $229,9000. Average time on market decreased slightly, from 174 days to 169 days. There are currently 89 condominiums on the market in Natick, down from 115 a year ago, a 23% decrease in inventory. The median list price is $269,900, down from $344,900 one year ago.
Homes that are priced right are selling. Call or e-mail me to find out more about how to price your home for today's market. The first step in selling a home is to select the right Realtor. I have over 15 years experience assisting sellers and buyers in Natick and surrounding Metrowest towns. Jon Treon can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Natick, Framingham and Wayland, Massachusetts and other Metrowest Boston towns for the last 15 Years. Visit my website at www.jontreon.com for the latest MLS listings and buyer and seller info.
Housing For All Needs ProjectsDo You or Does Someone You Know Have a Home or Property that Needs Some TLC? Housing for All, a MetroWest affordable housing rehab and advocacy group, is looking for home and property restoration projects for those in need. We are seeking projects that can be completed within a day or two by a team of experienced handyman supervisors and volunteers. Examples of projects include window and door winterizing, retrofitting bathrooms and ramp construction for those with disabilities, building clean-up, wallpaper removal, interior and exterior painting, and outdoor clean-up. Our construction team will evaluate and discuss projects with each property owner before we start so that expectations are clear. All labor and materials costs will be provided by Housing for All. For more information, please contact Mr. Chris Ross, Executive Director, Housing for All, at 508-872-2978. Natick, MA 2 Family $439,900<!--HTMLSTART-->
Framingham, MA Open House Sunday 1/27 from 1-3Jon Treon, CRS, GRI
Price: $ 250,000 This well-maintained and updated Colonial is in an excellent neighborhood. You enter into the big, open combination living/dining rooms with lots of light. The eat-in kitchen has good cabinet space and a brand new pergo floor. A large, fireplaced family room is located directly off the kitchen. There is a first floor laundry, plus more hookups in the basement. The home has been freshly carpeted throughout and brand new flooring has been installed in both bathrooms. The furnace was brand new in '05, and there is a new bulkhead and new garage doors. Easy to maintain and in move-in condition! More InformationBedrooms: 3 Natick, Massachusetts Real Estate for saleThere are currenty 89 single family homes listed for sale in the MLS in Natick, Massachusetts. Properties range from a 2 bedroom bungalow style ranch for $169,888 to a 7,000 square foot estate-caliber property on the banks of the Charles River in South Natick listed for $3,195,000. The average list price is $594,276. The median list price is $459,000. The average time on market is 183 days, compared with 169 days on market 1 year ago, when there were 114 single family homes for sale in Natick. The median sales price for single families last year was $437,500, up $2,500 from 2006. Natick is enjoying a relatively healthy sales market compared to some other communities I do business in.The total number of sales was 294, which is the lowest total since 2002.
Jon Treon can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Natick, Framingham and Wayland, Massachusetts and other Metrowest towns for the last 15 Years. Visit my website at http://www.jontreon.com/ for the latest MLS listings and buyer and seller info. Gloomy Forecast For Massachusetts Real Estate Prices?This morning's Boston Globe Business section carried a rather gloomy headline: "Forecasters: No quick end to housing ills." The story, at http://www.boston.com/business/ticker/2008/01/boston_fed_pres_1.html cited remarks made by the president of the Federal Reserve Bank of Boston, Eric Rosengren, in Hartford, Conn. yesterday, the gist of which were that "the current housing slump could be the longest in 50 years, increasing the risk of a broader economic downturn." He indicated that spending by home buyers has been declining since the beginning of 2006 and will continue to fall through June of this year. The article also cited the December report of the chief economist for Moody's www.economy.com that "prices in the Boston area would decline into the first quarter of 2009." Of course at the tail end of the article, at which point most readers have already move on to something else, the author cites Harvard's Joint Center for Housing Studies, which noted that "a rebound is inevitable," and that a growing population and rising wealth "will help propel residential spending to new heights." Which only reinforces my belief that this is a great time to buy. Will prices continue to drop? They certainly might, but as one wag said, "you'll need a rear view mirror to see the bottom." I'd like a nickle for every time I cursed myself for not buying everything I could lay my hands on in the early 90's, when it was practically impossible to give away real estate. Are we in a similar buying situation? We may very well be. If I were an investor (which I am, actively) a first time homebuyer, or a move-up buyer I'd be out there looking, because I firmly believe this is the best time to purchase real estate in years.
Jon Treon can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Natick, Framingham and Wayland, Massachusetts and other Metrowest towns for the last 15 Years. Visit my website at http://www.jontreon.com/ for the latest MLS listings and buyer and seller info.
New Orleans TripI recently had the privilege of accompanying a group of volunteers to New Orleans. We began he work of rebuilding a 7th ward home damaged by Hurricane Katrina. 21 of us spent a total of 5 work days gutting, insulating, replacing rotted and termite-damaged wood, laying floors, hanging drywall, spackling, taping & painting. There is still so much work to be done there, especially in the less advantaged neighborhoods. I have assembled a group of photos to show what we did and how much of New Orleans still looks: http://community.webshots.com/album/558731287xHghfT?start=12
Jon Treon can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Natick, Framingham and Wayland, Massachusetts and other Metrowest towns for the last 15 Years. Visit my website at http://www.jontreon.com/ for the latest MLS listings and buyer and seller info. |
Jon Treon CRS, GRI, CBR Natick, MA More about me… RE/MAX Executive Realty Cell Phone: (508) 397-6081 Email Me
Information about the Metrowest Boston real estate market, including homes for sale, selling and buying tips, and current information relevant to the purchase or sale of a home in the Metrowest region. Towns covered include Natick, Framingham, Wayland, Wellesley, Sudbury, Marlborough, Maynard, Ashland, Holliston, Hopkinton, Needham, Dover, Sherborn, Southborough and Westborough.
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