| |
For residents of Natick, the town's proximity to Boston, and many of the tony western suburbs, makes it a prime location and top pick...
http://bit.ly/buM7ts
The Boston Globe summarizes the TOP PLACES TO LIVE, in its recent issue of Globe Magazine. And as many of us who live here know, Natick is a super place for a number of reasons:
Greater Boston’s 12 Top Spots To Live
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Many factors go into deciding where to live – schools, proximity to public transportation, green space – but the recession has moved one component to the top of the list for many people: stability of real estate values. That’s why this year’s Globe Magazine’s Top Spots to Live are all places that didn’t fare too badly or even gained value during the economic downturn.The Warren Group, a Boston-based real estate tracking firm, provided us with the following median prices for 2005 and 2009 (2005 was considered the market peak in Massachusetts; since then, the median single-family home price has shrunk by 20 percent statewide). Here are our 12 picks." - Boston Globe Magazine, March 2010
Here is an excerpt:
7. Natick
Though single-family home prices declined since the peak of the market, the town’s real estate picture is looking brighter, says John Prescott, a vice president with Century 21 Commonwealth in Wellesley and a Natick resident.
 |
|
John Prescott, Vice President
|
|
Century 21 Commonwealth
|
|
|
|
|
|
“I’ve been in the business 16 years,” he says, “and inventory is at close to the lowest numbers I’ve ever seen.”
Low inventory, of course, drives up prices.

According to the Warren Group, the median price declined by only about half a percentage point between 2008 and 2009, and sales in December 2009 were 50 percent higher than in December 2008.
“Natick is the first affordable town when you head west out of the city,” Prescott says. “And we’re surrounded by Weston, Wellesley, Dover, Sherborn, and Wayland” – all considerably pricier communities.”
Natick students have good MCAS scores, and the town has something for everyone, from miles of walking trails to the upscale Natick Collection shopping mall (which also features condos) to a quaint downtown filled with stately brick commercial buildings.
“We do have high-end housing,” says Prescott, “but the average house is $450,000, $500,000. It’s still a lot of money, but it’s more affordable than a lot of similar towns with similar amenities.”

Greater Boston’s 12 top spots to live
Median single-family home price in 2009: $417,750 Change since market peak in 2005: -9% Median condo price in 2009: $310,000 Change since market peak in 2005: +29% Population: 31,880 Residential tax rate:$11.67
(Photographs by Bruce T. Martin)
- By Elizabeth Gehrman, the Globe Magazine
– courtesy of Boston Globe Magazine, March 14, 2010
Many thanks to Elizabeth Gehrman and the Boston Globe!
For more:
Greater Boston's 12 top spots to live - Boston.com http://bit.ly/bBFezA
Real Estate in NATICK Exhibited Resilience and Stability for 2009 « http://bit.ly/5o8BeY
2009 Natick MCAS Performance Data http://bit.ly/9iBD1p
JOHN PRESCOTT
-BostonKayakGuy
Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net
JOHN PRESCOTT
Vice President
Century 21 Commonwealth
508-523-9252
BostonKayakGuy…The MetWest Scene
Looking for value? Want to be in a prime suburb close to Boston? Looking for lots of space? Want to get the best bang for your bucks? Then head on over to 14 Dwight Ave! Put your updating skills to use and you'll have a sweet home. This is a great canvas for you - and the price reflects that. See you today!
NEW PRICE! $359,900
14 Dwight Ave, Natick
Updated roof and all newer windows.
Tremendous space for the money!
20 x 14 Family Room

For sale, but not for long - The Boston Globe http://bit.ly/aTr1yb
One of my clients is featured - and since publication she has been in 2 more multiple bidding situations!
If your home has been updated, and has been priced according to market value, then it will sell.
Houses that linger on the market tend to be a combination of not having been modernized, less than ideal location, and sellers who insist on pricing that reflects what they "want" rather than what the home's value is.
Obviously there can be other impacting variables, but for the most part, the bottom line generally comes down to price, modernization, price, location, - and price!
JOHN PRESCOTT
-BostonKayakGuy
Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net
JOHN PRESCOTT
Vice President
Century 21 Commonwealth
508-523-9252
BostonKayakGuy…The MetWest Scene
$369000 / 4br
- NATICK's Best BANG for your Buck
Open House: January 31, 2-3:30 (Natick)
Date: 2010-01-29, 8:27AM EST
| |
John Prescott, Vice President | Century 21 Commonwealth | 508-523-9252
|
|
14 Dwight Ave, Natick, MA
|
|
OPEN HOUSE 1/31, 2:00-3:30
|
|
|
4BR/2BA Single Family House
|
|
offered at $369,900
|
| Year Built |
1952 |
| Sq Footage |
1,990 |
| Bedrooms |
4 |
| Bathrooms |
2 full, 0 partial |
| Floors |
1 |
| Parking |
4 |
| Lot Size |
10,062 sqft |
| HOA/Maint |
$0 per month |
|
|
| see additional photos below |
|
|
|
|
|
PROPERTY FEATURES
| - Central A/C |
- Central heat |
- Fireplace |
| - Tile floor |
- Family room |
- Living room |
| - Dining room |
- Dishwasher |
- Stove/Oven |
| - Laundry area - garage |
- Balcony, Deck, or Patio |
- Yard |
|
|
|
|
|
ADDITIONAL PHOTOS
 Front
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contact info:
|
 |
|
John Prescott, Vice President
|
|
Century 21 Commonwealth
|
|
508-523-9252
|
|
For sale by agent/broker
|
|
|
|
|
|
|
|
|
|
Posted: Jan 26, 2010, 8:40am PST
|
|
South Natick, dover, sherborn, needham, wellesley, boston globe, open houses, framingham
14 Dwight (google map)
JOHN PRESCOTT
-BostonKayakGuy
Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net
JOHN PRESCOTT
Vice President
Century 21 Commonwealth
508-523-9252
BostonKayakGuy…The MetWest Scene

Charles River Falls, South Natick
Real Estate in NATICK exhibited resilience and stability for 2009 « BostonKayakGuy John Prescott’s The MetWest Scene…
JOHN PRESCOTT
-BostonKayakGuy
Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net
JOHN PRESCOTT
Vice President
Century 21 Commonwealth
508-523-9252
BostonKayakGuy…The MetWest Scene
NEW LISTING, First Ad!
|
John Prescott, Vice President | Century 21 Commonwealth | 508-523-9252
|
|
|
|
4BR/2BA Single Family House
|
|
offered at $479,000
|
| Year Built |
1924 |
| Sq Footage |
2,134 |
| Bedrooms |
4 |
| Bathrooms |
2 full, 0 partial |
| Floors |
2 |
| Parking |
4 Uncovered spaces |
| Lot Size |
18,295 sqft |
| HOA/Maint |
$0 per month |
|
|
| see additional photos below |
|
|
|
|
|
PROPERTY FEATURES
| - Central heat |
- Hardwood floor |
- Tile floor |
| - Living room |
- Office/Den |
- Dining room |
| - Breakfast nook |
- Dishwasher |
- Refrigerator |
| - Stove/Oven |
- Microwave |
- Granite countertop |
| - Attic |
- Basement |
- Laundry area - inside |
| - Balcony, Deck, or Patio |
- Yard |
|
|
|
|
|
|
|
|
Contact info:
|
 |
|
John Prescott, Vice President
|
|
Century 21 Commonwealth
|
|
508-523-9252
|
|
For sale by agent/broker
|
|
|
|
|
Posted on October 19, 2009 by bostonkayakguy | Edit
How do the MLS single family numbers for the first 9 months of this year compare to the same period last year?
While WELLESLEY has made up some ground from dismal sales earlier this year, sales dollar volume through 9/30/2009 remains down by 32.5% and unit volume is down 20.6% as compared to last year. Inventory levels as of 10/7/2009 in Wellesley have increased a dramatic 48.9% as compared to the same date last year. Wellesley’s median price for this period has fallen 16.8%.
NEEDHAM continues to hold ground for this period with unit volume nearly flat and dollar volume off just 6.4%. Needham’s median price has slipped a modest 4.4%.
NATICK picked up a little momentum for this period with a 6.95% increase in unit volume and a 7% increase in dollar volume. Natick’s median price has remained stable for this period. With the inventory of single family homes in Natick dropping by 22.4% on 10/7/2009 as compared to 10/7/2008 it appears the supply of homes for sale is not keeping up with demand.
Natick Sellers! This means now may be a good time to sell. It is possible that a large inflow of inventory in the Spring could satisfy demand and soften prices?
Percentage change for the First nine months of 2009 vs. 2008
………………….WELLESLEY………..NATICK…………….NEEDHAM
SALES Units…………….- 20.6%…………………. + 6.95%………………….. - 1.4%
$ VOLUME……………….- 32.5%……………..…….+ 7.0%………….………….- 6.4%
Median Price…………….- 16.8%.……………..…… flat …………………………. -4.4%
Units in Inventory.. …. + 48.9% ………… -22.4%…...……………….. +8.9%
JOHN PRESCOTT, Vice President
Century 21 Commonwealth
508-523-9252
John Prescott, Vice President | Century 21 Commonwealth | 508-523-9252
64 Regent Circle, Brookline, MA
**OH, SUN 8/30, 12:30-2** Washington Square area one block from Beacon Street and the "T".
One car garage & 2nd space.
3BR/2.5BA Townhouse
offered at $699,000
Year Built 1984
Sq Footage 1,909
Bedrooms 3
Bathrooms 2 full, 1 partial
Floors 3
Parking 1 Car garage
Lot Size Unspecified
HOA/Maint $311 per month
DESCRIPTION
Prime location one block from Beacon Street, the "T", & Washington Square.
Modern town home with flexible living space.First floor could be 3rd.BR/Den. New cherry/granite/stainless kitchen, master bath, lavatory, roof, & HVAC all in the past two years!
PROPERTY FEATURES
- Central A/C - Central heat - High/Vaulted ceiling
- Walk-in closet - Hardwood floor - Tile floor
- Family room - Living room - Dining room
- Dishwasher - Refrigerator - Stove/Oven
- Microwave - Granite countertop - Stainless steel appliances
- Attic - Washer - Dryer
- Laundry area - inside - Balcony, Deck, or Patio
OTHER SPECIAL FEATURES
- Direct entry garage. 2007 Updated: kitchen, baths, roof, heating, cooling
Contact info:
John Prescott, Vice President
Century 21 Commonwealth
508-523-9252
For sale by agent/broker
Results Are In!..Local Real Estate Market… Wellesley, Needham, Natick
As I have reported earlier this year the market varies greatly by town.
Needham and Natick are demonstrating stability and equilibrium with sales and inventory in balance.
Wellesley on the other hand has seen both sales units and dollar volume plummet by 42.8% and 51.3% respectively.
Combine drastically lower sales in Wellesley with inventory that has skyrocketed 74.8% and you get a market significantly out of balance.
Perhaps sellers are trying to out wait cautious buyers? More likely, by waiting to reduce their asking prices, sellers will ultimately have to sell at an even lower price. The alternative is to not move.
NEEDHAM and NATICK are stabilizing and WELLESLEY needs a dose of reality to regain equilibrium.
Percentage Change for the First Half of 2009 vs. 2008
………………………NEEDHAM……… WELLESLEY ………..NATICK
SALES Units.………….. flat…………………...…..- 42.8%…………………….. – 11.0%
$ VOLUME ……………- 2.6%……………………. – 51.3% ……………………..- 14.1%
Median price………….. flat ………………………..- 3.7% ………………………+ 4.9%
Units in Inventory….. + 2.6% …….. ……………. + 74.8% …………………….- 12.5%
Two major factors are at play in the local real estate markets. The basic law of supply and demand, or in the case of Wellesley, oversupply, and the credit markets that remain heavily biased against jumbo loans needed to finance the vast majority of homes in Wellesley.
Despite some modest improvement from the first quarter, the numbers tell us that home prices in Wellesley still face downward pressure before the market will gain equilibrium.
Your thoughts?
John Prescott, Vice President
CENTURY 21 Commonwealth
508-523-9252
…JOHN gets results because he knows his business!
|
|
John Prescott Top Real Estate Agent: Wellesley,Needham,Natick,Metrowest
South Natick,
MA
More about me
Century 21 Commonwealth Wellesley
Office Phone: (508) 523-9252
Cell Phone: (508) 523-9252
Email Me
Listings
Links
Archives
|