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Wellesley, MA 02482 Housing Market Reports-March 2011

By Larry Lawfer

Real Estate Agent with YourStories Realty Group MA# 9517963

April 04, 2011 02:14 AM

132 Oakland Street, Wellesley MA

There are so many ways to look at meaningful statistics that can provide you valuable information in your due diligence method for valuing homes and real estate in the Wellesley, MA 02482 Housing Market Reports-March 2011. This report outlines the month of March 2011 in Wellesley, MA 02482 real estate market.

140 Houses Actively on the Market in Wellesley, MA 02482

17 Houses have been Sold in Wellesley, MA 02482

29 Houses Under Agreement in Wellesley, MA 02482

16 Houses have Expired from the market in Wellesley, MA 02482

3 Houses Canceled their listings in Wellesley, MA 02482

The Spring market is heating up in Wellesley. Active, Under Agreement, Sold and Expired houses all went up with only the Canceled house numbers coming down. This is to be expected in Spring, but reading the media you could easily think that the real estate market is horrible. It is not horrible and the numbers prove it out.

132 Oakland Street, Wellesley, MA

$1,806,967 Active List Price 160.30 Days on Market

$1,477,129 Sold List Price $1,380,306 Sold Price or 93% of asking price with 256.59 Days on Market

$1,746,407 Under Agreement List 121.14 Days on Market

$1,910,869 Expired Listing 202.44 Days on Market

$1,508,000 Canceled Listing 218.00 Days on Market

Most of the numbers are good here. While the Active average price went down in March, so too did the DOM for the listing. Listing Under Agreement, Sold Listing went up as did their DOM, while the list price to sale price also came down one percentage point. This is a mixed bag. The Expired and Canceled listing prices cam down this month and the DOM went up. Both of these are not such good numbers. The key to getting your house sold is working with a professional who can help you price it right, but more importantly get the property marketed right.

Buying a home in any market is a process where a professional approach is most beneficial. On whichever side of the deal you sit using professional skills to value and negotiate the process to the best results for you demands knowledge and experience. Visit Discovering Wellesley, MA on Facebook for more Wellesley MA information. This has been the Wellesley, MA 02482 Housing Market Reports-March 2011

Larry Lawfer

Realtor®, Director of Marketing

RE/MAX Landmark

462 Washington Street

Wellesley, MA 02482

larry@lawfer.com,

972-322-7776