BostonKayakGuy..John Prescott "Top Metrowest Real Estate Agent"

Natick Ranks As Boston’s ‘Best of the Best’ « BostonKayakGuy John Prescott’s The MetWest Scene…

2010-03-16T10:24:12Z

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

You Can't Have Everything, But You Can Come Close!

2010-03-14T09:58:44Z

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

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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

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

Satellite

Hybrid

Contact info:

John Prescott, Vice President

Century 21 Commonwealth

508-523-9252

For sale by agent/broker

View my other listings

Contact:

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Space, Location, and Opportunity! 14 Dwight Ave, Natick - OPEN HOUSE 3/7

2010-03-07T08:15:20Z

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

Spring Market Snapshot

2010-03-05T07:49:27Z

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

Natick's Best Bang For Your Buck!

2010-01-29T11:38:56Z

$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

Equal Opportunity Housing

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

Natick Market Posts Stability

2010-01-25T09:14:08Z

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

JOHN PRESCOTT

-BostonKayakGuy

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

New Natick Listing - Very Special!

2010-01-25T08:27:00Z

NEW LISTING, First Ad!

John Prescott, Vice President | Century 21 Commonwealth | 508-523-9252

12 Edgewood, Natick, MA

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

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 1
Photo 2	Photo 3

Contact info:

John Prescott, Vice President

Century 21 Commonwealth

508-523-9252

For sale by agent/broker

The Numbers are in for the first nine months of 2009 vs. 2008

2009-10-19T15:44:56Z

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

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

Brookline Open House SUNDAY 8/30 12:30-2

2009-08-30T08:12:22Z

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

Natick, Needham, and Wellesley Real Estate Trends...June 2009

2009-07-23T20:03:54Z

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!

City Life...Convenient, Affordable, Modern...BROOKLINE OPEN HOUSE JULY 19

2009-07-19T11:56:07Z

BROOKLINE, Washington Square Town Home,

OPEN HOUSE: SUN 7/19,1:30-3 PM

Posted on July 19, 2009 by bostonkayakguy

64 Regent Circle, Brookline, $695,000

Prime location in Brookline one block form Beacon Street train, shopping, & restaurants!

Direct entry garage and additional parking space. 2007 Granite/Cherry/Stainless kitchen. 2007 Lavatory. 2009 Master Bath. 2007 new roof & heating cooling systems. Oak, Brazilian Cherry, & tile floors.

John Prescott, Vice President

CENTURY 21 Commonwealth

508-523-9252

Filed under: Metrowest | Tagged: beacon street, BROOKLINE, condos, coolidge corner, garage, garage parking, new listing, New Listings, Newton, open house, Open Houses, townhouse, Wellesley

Walter Cronkite...The Man, The Legacy, and...The Groupies

2009-07-18T07:56:37Z

Walter Cronkite…Remembered

Posted on July 18, 2009 by bostonkayakguy |

Phoenix has become one of my favorite places over the past few years.

Despite its obvious lack of an ocean (It’s lake kayaking for me!) it has the weather and the lifestyle many Easterners crave.

You’re familiar with college towns; Wellesley itself is home to 3 colleges, but when you travel to Arizona you learn that it is a college STATE!

The University of Arizona in Tucson certainly has an impressive reputation, but it is Arizona State University, affectionately known as ASU that is woven into the very fabric of this southwestern state.

It seems that anything and everything has an ASU connection.

Walter Cronkite's Legacy

And ASU has a very special connection to ‘America’s Most Trusted Man in America,’ Walter Cronkite.

Part of Cronkite’s legacy is the ‘Walter Cronkite School of Journalism and Mass Communication‘ at ASU.

This was not an association in name only. Over the past 25 years Cronkite helped shape the journalism program, mentored the school and its students, and was a great friend to all those associated with the School of Journalism.

The Valley has lost a member of the family, and as such the coverage of Cronkite’s death is very personal in Arizona, and as such I thought you might like to read some of the reporting of his passing on azcentral.com.

The Arizona Republic is sharing this amusing anecdote of a visit Walter Cronkite paid to the Biltmore Hotel…

During a visit in 1984, Cronkite gave a few onlookers the slip.

"He was checking into the Arizona Biltmore Resort and Spa, and several women in their 70s or 80s were gathered, waiting for their cars.

“All of a sudden, he said, ‘Let’s go,’ ” Shover said. “And we started running to hide.

“I said, ‘What’s the matter?’ And he said, ‘Those are my groupies.’ “

- Arizona Republic

JOHN PRESCOTT

-BostonKayakGuy

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

Filed under: Metrowest

Brookline Open Houses SATURDAY 7/18, 10:30-12 & SUNDAY 7/19, 1:30-3

2009-07-16T11:48:36Z

BROOKLINE, Washington Square Town Home, OH’s SAT 7/18, 10:30-12, SUN 7/19,1:30-3 PM

Posted on July 9, 2009 by bostonkayakguy | Edit

64 Regent Circle, Brookline, $695,000

Prime location in Brookline one block form Beacon Street train, shopping, & restaurants!

Direct entry garage and additional parking space. 2007 Granite/Cherry/Stainless kitchen. 2007 Lavatory. 2009 Master Bath. 2007 new roof & heating cooling systems. Oak, Brazilian Cherry, & tile floors.

John Prescott, Vice President

CENTURY 21 Commonwealth

508-523-9252

Luxury Condo, Value Price -Brookline at Washington Square...FIRST OPEN HOUSE TODAY!

2009-07-12T11:53:38Z

BROOKLINE, Washington Square Town Home

FIRST OPEN HOUSE TODAY!

SUNDAY 7/12, 1-3 PM

bostonkayakguy.wordpress.com — OPEN HOUSE SPECTACULAR! HIGHLY sought after Washington Square location convenient to T, cafes, shops. Parking, patio, super kitchen, light, bright and airy! AND SUPER PRICE! ...Call John Prescott 508-523-9252 www.johnprescottnet...See you at the OPEN HOUSE! ...64 REGENT CIRCLE, BROOKLINE

JOHN PRESCOTT

-BostonKayakGuy

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

Work in the City? Don't want to spend $300k for just a parking space?...Look No Further!

2009-07-10T19:50:55Z

BROOKLINE, Washington Square Town Home, 1st. OH 7/12, 1-3 PM

Posted on July 9, 2009 by bostonkayakguy

64 Regent Circle, Brookline, $695,000

Prime location in Brookline one block form Beacon Street train, shopping, & restaurants!

Direct entry garage and additional parking space. 2007 Granite/Cherry/Stainless kitchen. 2007 Lavatory. 2009 Master Bath. 2007 new roof & heating cooling systems. Oak, Brazilian Cherry, & tile floors.

John Prescott, Vice President

CENTURY 21 Commonwealth

508-523-9252

Filed under: Metrowest | Tagged: beacon street, BROOKLINE, condos, coolidge corner, garage,garage parking, new listing, New Listings, Newton, open house, Open Houses, townhouse,Wellesley

Farrah Fawcett Documentary

2009-07-03T16:20:40Z

A look at the courageous battle waged by Farrah Fawcett...

Farrah Fawcett Documentary…

Posted by bostonkayakguy

Image by Hobo! via Flickr

If you missed the Farrah Fawcett documentary, you can view her journey on Hulu.

http://bit.ly/13k24x

Farrah Fawcett Dies After Battle with Cancer (cinematical.com)
Farrah Fawcett video details cancer struggle (telegraph.co.uk)

Poker, Fine Wine, Superb Dining...at Royal East, Cambridge

2009-06-22T10:40:56Z

~~

A Poker Group with Panache…

John Prescott's The MetWest Scene

bostonkayakguy.wordpress.com — When the poker buddies dine, they do it in style! No chips and dip for this group - how does authentic CANTONESE and SZECHUAN CUISINE with specially selected wine pairings sound? In South Natick it's called poker with panache...

(more) BostonKayakGuy...John Prescott's The MetWest Scene

Full Story on bostonkayakguy.wordpress.com

Image by cubemate via Flickr

With my wife out of town , it was serendipity for me to be one of the chosen few to recently be invited to a ten course gourmet meal, with specially selected paired wine for each course.

Not long ago Ed , a friend, neighbor and our poker group’s resident wine steward, proved to be a consummate host and skilled sommelier for a Chinese Banquet that he hosted for his poker buddies and other assorted luminaries at The Royal East restaurant in Cambridge.

Salt & peppered LIVE shrimp flash fried to perfection, kicked off the culinary orgy.

Ed, taking the lead and making certain his guests felt comfortable, demonstrated the proper consumption technique of popping the entire shrimp complete with head and shell into...(continued on http://bostonkayakguy.wordpress.com)

Full Story on bostonkayakguy.wordpress.com

JOHN PRESCOTT

-BostonKayakGuy

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

Obama JibJabbed...

2009-06-20T14:25:46Z

Our Super Hero in Chief!

Now...what about HOUSING ???

[vodpod id=Groupvideo.2771903&w=425&h=350&fv=]

JOHN PRESCOTT

-BostonKayakGuy

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

[vodpod id=Groupvideo.2771903&w=425&h=350&fv=]

Newton-Wellesley Hospital - Welcome in Framingham???

2009-06-03T15:13:41Z

Newton-Wellesley Hospital:

Friend or Foe? Who Decides?…in Framingham

bostonkayakguy.wordpress.com - Submitted: just now!

What's going on in Framingham? The Planning Board approves Newton-Wellesley Hospital's site plan for an orthopaedic center and the town's board of health and Metrowest Medical Center's CEO come out swinging???...(more) BostonKayakGuy...John Prescott's The MetWest Scene

» Full Story on bostonkayakguy.wordpress.com

JOHN PRESCOTT

-BostonKayakGuy

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

Market Report: The MetWest Scene

2009-06-01T16:41:24Z

Wellesley, Natick, Needham

Market Report: The MetWest Scene…

bostonkayakguy.wordpress.com - Submitted: just now!

Real Estate Market in Boston's metrowest communities shows that the houses in the best condition at the best price in their range are selling but each town tells its own story..

.(more) BostonKayakGuy...John Prescott's The MetWest Scene

» Full Story on bostonkayakguy.wordpress.com

JOHN PRESCOTT

-BostonKayakGuy

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

The Price is Right???...Wellesley, Natick, Needham

2009-06-01T14:46:06Z

President Obama recently gave his 100 Day Progress report...

So let's take a look at how the local Real Estate market has been doing for the first five months of 2009...

As I described in my earlier reports, for the first two months of 2009 compared to last year, the market has varied greatly by town.

Needham continues to stay on solid ground, but has leveled off compared to the first two months.

Wellesley’s home sales in dollar value for the first five months of 2009 plummeted 60.7%, and the median home price in Wellesley fell 15.4%, compared to the same period in 2008 .

The Natick market for the same five month period, had a moderate decline of 19.6% in dollar volume, but is the only town in the trio to show a gain of 7.8% in median price.

WELLESLEY has tanked, NEEDHAM is stable, and NATICK has moderate declines.

Percentage Change for the first five months of 2009 vs 2008.

NEEDHAM WELLESLEY NATICK

SALES Units + 5.1% - 52.9% - 21.3%

VOLUME +1.1% - 51.9% - 19.6%

Median price - 5.4% - 15.4% + 7.8%

What does this mean?

Wellesley’s average list price for single family homes is currently $1,692,538. This is in stark contrast and out of balance with the average selling price of $1,162,520 for the first five months of 2009.

A further obstacle to Wellesley’s recovery is a current inventory of 207 homes for sale. Ninety two of these homes are priced at $1.5MM or more.

Based on the sales of just seven homes for more than $1.5MM during the first five months of this year, it will take about five years to absorb the inventory of homes priced at or above $1.5MM.

Overall, Wellesley’s 207 homes currently on the market will take approximately 20 months to be absorbed based on sales for the past five months annualized.

In contrast Needham has 124 homes currently for sale and Natick has only 102.

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, as well as the credit markets that are heavily biased against jumbo loans, which are needed to fiance the vast majority of homes in Wellesley.

The numbers tell a story. ..

Home prices in Wellesley will face significant downward pressure in the coming months before the market can gain equilibrium.

JOHN PRESCOTT

-BostonKayakGuy

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

JOHN PRESCOTT

-BostonKayakGuy

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

Sophisticated Contemporary Minutes to Wellesley Center...OPEN HOUSE MAY 31, 2:00 - 3:30pm

2009-05-30T13:11:20Z

18 Farm Hill Road

South Natick

OPEN HOUSE SUNDAY, MAY 31...2:00 - 3:30 pm

Updated sun splashed Contemporary with first floor master, three bedrooms and a loft/office up and a potential in-law/au-pair suite with full bath on the walk out & full daylight lower level. A total of 11 rooms, 5 bedrooms and 3.5 baths

JOHN PRESCOTT

-BostonKayakGuy

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

Are You A Wicked Cool Actor?...Boston Audition 5/29 for Ben Affleck Film

2009-05-28T23:54:57Z

bostonkayakguy.wordpress.com - Submitted: 7 hours ago

Recommending "Are You a Wicked Cool Actor?… Casting Call « BostonKayakGuy John Prescott’s The MetWest Scene…

Are You a Wicked Cool Actor?…

Casting Call

« BostonKayakGuy

bostonkayakguy.wordpress.com — Talk fast, pepper your sentences with 'like', flatten out those A's and think a word ending with r is a vowel? If you're the epitome of 'Boston speak' then you may be just who the casting for "The Town" is looking for! A Ben Affleck film...(more) BostonKayakGuy...John Prescott's The MetWest Scene

» Full Story on bostonkayakguy.wordpress.com

JOHN PRESCOTT

-BostonKayakGuy

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

SO YOU THINK YOU CAN DANCE...BOSTON Auditions May 28

2009-05-28T10:30:41Z

BOSTON Auditions May 28 – So You Think You Can Dance

BOSTON Auditions May 28 –

So You Think You Can Dance

bostonkayakguy.wordpress.com — Dress to Impress! And strut your stuff at Boston auditions for SO YOU THINK YOU CAN DANCE May 28...(more) Bostonkayakguy...John Prescott's The MetWest Scene

Full Story on bostonkayakguy.wordpress.com

JOHN PRESCOTT

-BostonKayakGuy

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

Java Jolt...

2009-05-26T10:13:53Z

Java Jolt...Starbucks Explodes

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Starbucks has been making a lot of news lately, but the explosive brand set New Yorkers abuzz when...(more) BostonKayakGuy...John Prescott » Full Story on bostonkayakguy.wordpress.com

Hijacking Starbucks…A Cautionary Tale

Starbucks Goes Viral…Media

JOHN PRESCOTT

-BostonKayakGuy

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

BostonKayakGuy..John Prescott "Top Metrowest Real Estate Agent"

Natick Ranks As Boston’s ‘Best of the Best’ « BostonKayakGuy John Prescott’s The MetWest Scene…

Greater Boston’s 12 Top Spots To Live

7. Natick

Greater Boston’s 12 top spots to live

You Can't Have Everything, But You Can Come Close!

Space, Location, and Opportunity! 14 Dwight Ave, Natick - OPEN HOUSE 3/7

NEW PRICE! $359,900

14 Dwight Ave, Natick

Updated roof and all newer windows.

Tremendous space for the money!

20 x 14 Family Room

Spring Market Snapshot

Natick's Best Bang For Your Buck!

$369000 / 4br

- NATICK's Best BANG for your Buck

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

Natick Market Posts Stability

New Natick Listing - Very Special!

The Numbers are in for the first nine months of 2009 vs. 2008

Percentage change for the First nine months of 2009 vs. 2008

………………….WELLESLEY………..NATICK…………….NEEDHAM

JOHN PRESCOTT, Vice President

Century 21 Commonwealth

508-523-9252

Brookline Open House SUNDAY 8/30 12:30-2

Natick, Needham, and Wellesley Real Estate Trends...June 2009

Results Are In!..Local Real Estate Market… Wellesley, Needham, Natick

Percentage Change for the First Half of 2009 vs. 2008

………………………NEEDHAM……… WELLESLEY ………..NATICK

John Prescott, Vice President

508-523-9252

City Life...Convenient, Affordable, Modern...BROOKLINE OPEN HOUSE JULY 19

OPEN HOUSE: SUN 7/19,1:30-3 PM

64 Regent Circle, Brookline, $695,000

Prime location in Brookline one block form Beacon Street train, shopping, & restaurants!

Direct entry garage and additional parking space. 2007 Granite/Cherry/Stainless kitchen. 2007 Lavatory. 2009 Master Bath. 2007 new roof & heating cooling systems. Oak, Brazilian Cherry, & tile floors.

Walter Cronkite...The Man, The Legacy, and...The Groupies

Brookline Open Houses SATURDAY 7/18, 10:30-12 & SUNDAY 7/19, 1:30-3

64 Regent Circle, Brookline, $695,000

Prime location in Brookline one block form Beacon Street train, shopping, & restaurants!

Direct entry garage and additional parking space. 2007 Granite/Cherry/Stainless kitchen. 2007 Lavatory. 2009 Master Bath. 2007 new roof & heating cooling systems. Oak, Brazilian Cherry, & tile floors.

Luxury Condo, Value Price -Brookline at Washington Square...FIRST OPEN HOUSE TODAY!

Work in the City? Don't want to spend $300k for just a parking space?...Look No Further!

64 Regent Circle, Brookline, $695,000

Prime location in Brookline one block form Beacon Street train, shopping, & restaurants!

Direct entry garage and additional parking space. 2007 Granite/Cherry/Stainless kitchen. 2007 Lavatory. 2009 Master Bath. 2007 new roof & heating cooling systems. Oak, Brazilian Cherry, & tile floors.

Farrah Fawcett Documentary

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18 Farm Hill Road

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