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:

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.”

- 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

PRICED RIGHT!...Great Amenities...Fab Kitchen...Super Price! While some may prefer a different location, you'd pay $100k more! Easy commute, close to town beach and recreational facilities. NATICK HAS BEEN NAMED AS ONE OF THE TOP TOWNS TO LIVE!  Boston Globe 3/13/10     104 West Street, Natick, MA   Send to Friend Price Reduced $20K! OPEN HOUSE 2 - 3:30 pm, SUNDAY, MARCH 13    Share Listing
5BR/2+1BA Single Family House offered at $675,000 Year Built 2006 Sq Footage 3,217 Bedrooms 5 Bathrooms 2 full, 1 partial Floors 2 Parking 2 Car garage Lot Size 14,810 sqft HOA/Maint $0 per month LR click on thumbnail to enlarge
PROPERTY FEATURES Central A/C Central heat Fireplace High/Vaulted ceiling Walk-in closet Hardwood floor Tile floor Family room Living room Bonus/Rec room Office/Den Dining room Breakfast nook Dishwasher Stove/Oven Microwave Granite countertop Attic Basement Laundry area - inside Balcony, Deck, or Patio Yard
ADDITIONAL LINKS Walk Score: 23 Local schools Mortgage calculator Map data ©2010 Google - Terms of Use Map Satellite Hybrid
Contact info: John Prescott, Vice President Century 21 Commonwealth 508-523-9252 For sale by agent/broker View my other listings	Contact: email (required) subject confirm text >

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!

OPEN HOUSE 3/7, 12-1:30 8room 4br 2ba

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!

 

$369000 / 4br

- NATICK's Best BANG for your Buck

Open House:  January 31, 2-3:30 (Natick)

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Date: 2010-01-29, 8:27AM EST

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South Natick, dover, sherborn, needham, wellesley, boston globe, open houses, framingham

 

14 Dwight (google map) 

 

 

Charles River Falls, South Natick

Real Estate in NATICK exhibited resilience and stability for 2009 « BostonKayakGuy John Prescott’s The MetWest Scene… http://bit.ly/5o8BeY

 

 

 

NEW LISTING, First Ad!

Wellesley, Needham, and Natick third quarter year to date results are in!

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!