53 Garden Road, Wellesley, MA 02481Wellesley, MA Single Family Housing Report January 2012. Always lots of activity in Wellesley, MA with 158 homes in the Active, Under Agreement, Sold, Canceled or Expired areas of MLS.  There would be more homes if we could include homes in Probate and homes being sold by their owners. The days on market for the active listings indicates that there are a lot of listings that just came on the market to bring the statistic down from last month.  Looking at the Under Agreement stat you can see that the DOM is still high, while the price is lower.  It appears the sweet spot for sales in Wellesley this month is in the $1.2M range.

Single Family Active Listings: 115    Avg. Liv.Area SqFt: 3,876.17     Avg. List$: $1,728,696    Avg. List$/SqFt: $432     Avg. DOM: 178.24 

53 Garden Road, Wellesley, MA 02481Single Family Under Agreement Listings: 19    Avg. Liv.Area SqFt: 2,774.74     Avg. List$: $1,020,082    Avg. List$/SqFt: $364     Avg. DOM: 221.95   

Single Family Sold Listings: 13    Avg. Liv.Area SqFt: 3,321.77     Avg. List$: $1,296,300    Avg. List$/SqFt: $388     Avg. DOM: 108.85    Avg. Sale$: $1,234,185   Avg. Sale$/SqFt: $369

A 95% List price to Sale price ratio is a good one and much better than what happened this month in next door Weston.  The days on market is a bit longer, but these stats are an aggregate of all the listing and each listing has it's own story.  In fact each neighborhood has it's own story.  The Canceled listings just didn't give the agent enough time to market the property and it appears from the statistics that the Expired listings were just not marketed properly.

Single Family Expired Listings: 9    Avg. Liv.Area SqFt: 3,055.56     Avg. List$: $1,012,867    Avg. List$/SqFt: $336     Avg. DOM: 198.89   

Single Family Canceled Listings: 2    Avg. Liv.Area SqFt: 2,247.00     Avg. List$: $814,000    Avg. List$/SqFt: $604     Avg. DOM: 94.50   

Larry Lawfer

Realtor®, Director of Marketing

Keller Williams Boston Southwest

680 High Street

Westwood, MA 02090

larry@lawfer.com, 972-322-7776

 
This post has been included in Massachusetts Real Estate News Norfolk County, MA Real Estate News Wellesley, MA Real Estate News
Post is included in group: Active Rain Newbies
Post is included in group: Market Reports
Post is included in group: Posts to Localism
Post is included in group: Post Your Properties Here
Post is included in group: RE/MAX Active Rain Bloggers

4 Comments on Wellesley, MA Single Family Housing Report January 2012

FEB
15
2012
960,141 Points 21 Featured Posts Outside Blog

I like reading about the markets of other areas.

Hope you have a great week

your friend in Charlottesville
4:01pm • #1
FEB
16
2012
562,753 Points 10 Featured Posts Called Shot Master

Seems to be a bit more disconnect between the asking price of current listings and recent sales. The records show 95% of asking price for home sold, yet the current listings are at 85% using current comps. Maybe your market is improving or your sellers are dreaming!
8:40am • #2
367,908 Points 18 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

@ charles, thanks for stopping by.  So far this week is shaping up nicely. Thanks I hope yours is as well.
9:26am • #3
367,908 Points 18 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

@Wayne, It is hard with statistics in these high end neighborhoods. One $7M property sitting for a long time can skew the stats.  But you are not wrong, the sellers who have been on the market for a long time think that there is no reason to lower the price and still want the agent to somehow magically attract buyers.  A real estate conundrum, no doubt.
9:28am • #4


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Larry_sep_11_portrait Ambassador_large

Larry Lawfer, Realtor®, I.R.E.S. CLHMS

Keller Williams

Wellesley, MA

More about me…

Keller Williams

Address: 680 High Street, Westwood, MA, 02090

Office Phone: (617) 774-8292

Cell Phone: (617) 690-3919

Email Me

What would you do today, if you knew you could not fail? What actions would you take, what would you share and how would you treat the people around you. Storyteller Marketing in Real Estate by Larry Lawfer will explore the real estate industry in MA and beyond through the eyes of the community it's people and stories.


Listings

Links

Archives

RSS 2.0 Feed for this blog