Weston, MA 02493 Single Family Housing Report Dec 2011 shows there were only 87 homes that show up in the Active, Under Agreement, Sold, Expired and Canceled lists for this month. That is down from the last couple of months. Reports in the media show that the slide of housing prices is coming to an end, something that Weston has seen already. With the election season upon us we can expect that there will be some work getting done in DC and that is good. Jobs and housing should be at the top of every politicians list. Now to the numbers.
Single Family Active Listings: 49 Avg. Liv.Area SqFt: 5,291.71 Avg. List$: $2,562,057 Avg. List$/SqFt: $424 Avg. DOM: 239.90
Single Family Under Agreement Listings: 6 Avg. Liv.Area SqFt: 4,450.67 Avg. List$: $1,746,333 Avg. List$/SqFt: $389 Avg. DOM: 254.83
Single Family Sold Listings: 7 Avg. Liv.Area SqFt: 5,330.86 Avg. List$: $2,296,286 Avg. List$/SqFt: $391 Avg. DOM: 203.71 Avg. Sale$: $1,972,071 Avg. Sale$/SqFt: $341
There is a huge drop in the Average List price showing and the average Sale price this month. My guess from this drop into the 85% range is that some sellers were just ready to be rid of the home and move on. While agents are pricing houses more accurately these days the buyers are still looking to steal the home. The epitome of a buyers market. Lots of homes on the market with not near enough under agreement or sold which just further deepens the buyers market in this town.
Single Family Expired Listings: 20 Avg. Liv.Area SqFt: 4,231.90 Avg. List$: $1,768,479 Avg. List$/SqFt: $390 Avg. DOM: 241.90
Single Family Canceled Listings: 5 Avg. Liv.Area SqFt: 7,082.60 Avg. List$: $2,817,800 Avg. List$/SqFt: $389 Avg. DOM: 129.00
Looks like sellers are less willing to wait for an agent to adequately market the property before they are canceling the listing. The DOM for solds is 203 with the DOM for canceled is 129. Sellers need to be better informed, or look for agents who are aggressively marketing the properties.