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Needham Market Report

By Pat Laracy Baker

Real Estate Agent with Realty Executives Boston West 113011

December 22, 2007 01:15 AM

Needham Market Report as of 12/22/07

It is very customary for the market to slow up in this holiday season from Thanksgiving to New Years so there are no surprises but there is activity.

The report does not reflect the 10 homes temporarily withdrawn and that there were 5 homes canceled. What has changed this year over last year is that the luxury market is still very strong. This was not the case last year. Only 1 property that was price in the luxury price range expired in the last month.

Pat Baker, Broker with Coldwell Banker Residential Brokerage, Needham, MA Expert also selling homes in the Boston Suburbs of Wellesley, Weston, Holliston, Sherborn, Dover, Natick, South Natick,Newton,Westwood. 617-435-3471 www.patannbaker.com

Report Run: 12/22/2007 10:12:20 AM
Property Type(s): SF
Start Date: 11/22/2007
End Date: 12/22/2007
Towns: Needham, MA

Active Listings

Price Range

# of
Listings

Avg. Days
on Market

Under $50,000

-

$50,000 - $99,999

-

$100,000 - $149,999

-

$150,000 - $199,999

-

$200,000 - $249,999

-

$250,000 - $299,999

-

$300,000 - $349,999

-

$350,000 - $399,999

3

346

$400,000 - $449,999

2

150

$450,000 - $499,999

3

58

$500,000 - $599,999

6

66

$600,000 - $699,999

15

62

$700,000 - $799,999

9

185

$800,000 - $899,999

3

100

$900,000 - $999,999

5

97

$1,000,000 - $1,499,999

15

120

$1,500,000 - $1,999,999

6

388

$2,000,000 - $2,499,999

1

59

$2,500,000 - $2,999,999

3

243

$3,000,000 - $3,999,999

2

74

$4,000,000 - $4,999,999

-

$5,000,000 - $9,999,999

-

Over $10,000,000

-

Total Properties

73

Avg. 141

Lowest Price: $375,000	Median Price: $799,000
Highest Price: $3,500,000	Average Price: $1,074,363
Total Market Volume: $78,428,500

Price Changed Listings

Starting Price Range	# of Listings with Price Changes	# of Price Changes	Avg. Total Price Change %	Avg. Total Price Change $
Under $50,000	-	-	-	-
$50,000 - $99,999	-	-	-	-
$100,000 - $149,999	-	-	-	-
$150,000 - $199,999	-	-	-	-
$200,000 - $249,999	-	-	-	-
$250,000 - $299,999	-	-	-	-
$300,000 - $349,999	-	-	-	-
$350,000 - $399,999	-	-	-	-
$400,000 - $449,999	<!--- <A href="/search/results.asp?mls=70622171">1</A> ---> 1	1	-4.65 %	-$20,000.00
$450,000 - $499,999	-	-	-	-
$500,000 - $599,999	<!--- <A href="/search/results.asp?mls=70649877">1</A> ---> 1	1	-0.16 %	-$900.00
$600,000 - $699,999	-	-	-	-
$700,000 - $799,999	<!--- <A href="/search/results.asp?mls=70666314,70675435,70651749">3</A> ---> 3	6	-6.91 %	-$50,633.33
$800,000 - $899,999	-	-	-	-
$900,000 - $999,999	<!--- <A href="/search/results.asp?mls=70524134">1</A> ---> 1	1	2.88 %	$27,000.00
$1,000,000 - $1,499,999	<!--- <A href="/search/results.asp?mls=70673108,70662713">2</A> ---> 2	2	-5.70 %	-$75,000.00
$1,500,000 - $1,999,999	<!--- <A href="/search/results.asp?mls=70665537">1</A> ---> 1	1	-3.67 %	-$55,000.00
$2,000,000 - $2,499,999	-	-	-	-
$2,500,000 - $2,999,999	<!--- <A href="/search/results.asp?mls=70649372">1</A> ---> 1	1	-0.80 %	-$24,000.00
$3,000,000 - $3,999,999	<!--- <A href="/search/results.asp?mls=70591086">1</A> ---> 1	1	-10.77 %	-$350,000.00
$4,000,000 - $4,999,999	-	-	-	-
$5,000,000 - $9,999,999	-	-	-	-
Over $10,000,000	-	-	-	-
Totals	11	14	-4.99 %	-$65,890.91

Pending/Under Agreement Listings

Price Range

# of
Listings

Avg. Days
on Market

Under $50,000

-

$50,000 - $99,999

-

$100,000 - $149,999

-

$150,000 - $199,999

-

$200,000 - $249,999

-

$250,000 - $299,999

-

$300,000 - $349,999

-

$350,000 - $399,999

-

$400,000 - $449,999

2

121

$450,000 - $499,999

-

$500,000 - $599,999

2

113

$600,000 - $699,999

2

91

$700,000 - $799,999

2

216

$800,000 - $899,999

-

$900,000 - $999,999

2

46

$1,000,000 - $1,499,999

3

251

$1,500,000 - $1,999,999

-

$2,000,000 - $2,499,999

-

$2,500,000 - $2,999,999

-

$3,000,000 - $3,999,999

-

$4,000,000 - $4,999,999

-

$5,000,000 - $9,999,999

-

Over $10,000,000

-

Total Properties

13

Avg. 148

Lowest Price: $409,900	Median Price: $749,000
Highest Price: $1,499,000	Average Price: $831,207
Total Market Volume: $10,805,700

Sold Listings

Price Range

# of
Listings

Avg. Days
on Market

Average
Sale Price

Average
List Price

SP:LP
Ratio

Average
Orig Price

SP:OP
Ratio

Under $50,000

-

$50,000 - $99,999

-

$100,000 - $149,999

-

$150,000 - $199,999

-

$200,000 - $249,999

-

$250,000 - $299,999

-

$300,000 - $349,999

-

$350,000 - $399,999

1

24

$395,000

$409,000

97

$429,000

92

$400,000 - $449,999

2

252

$422,500

$444,450

95

$464,450

91

$450,000 - $499,999

1

102

$490,000

$529,000

93

$529,000

93

$500,000 - $599,999

1

37

$580,000

$615,000

94

$625,000

93

$600,000 - $699,999

5

59

$629,200

$657,400

96

$666,200

94

$700,000 - $799,999

4

92

$780,500

$794,725

98

$848,000

92

$800,000 - $899,999

-

$900,000 - $999,999

3

35

$933,925

$961,000

97

$961,000

97

$1,000,000 - $1,499,999

3

86

$1,138,000

$1,191,667

95

$1,226,333

93

$1,500,000 - $1,999,999

1

213

$1,600,000

$1,699,000

94

$1,699,000

94

$2,000,000 - $2,499,999

-

$2,500,000 - $2,999,999

-

$3,000,000 - $3,999,999

-

$4,000,000 - $4,999,999

-

$5,000,000 - $9,999,999

-

Over $10,000,000

-

Total Properties

21

Avg. 90

$780,656

$812,610

96

$833,138

94

Lowest Price: $395,000	Median Price: $765,000
Highest Price: $1,600,000	Average Price: $780,655
Total Market Volume: $16,393,775

Expired Listings

Price Range

# of
Listings

Avg. Days
on Market

Under $50,000

-

$50,000 - $99,999

-

$100,000 - $149,999

-

$150,000 - $199,999

-

$200,000 - $249,999

-

$250,000 - $299,999

-

$300,000 - $349,999

-

$350,000 - $399,999

-

$400,000 - $449,999

-

$450,000 - $499,999

-

$500,000 - $599,999

3

88

$600,000 - $699,999

2

140

$700,000 - $799,999

1

138

$800,000 - $899,999

1

87

$900,000 - $999,999

-

$1,000,000 - $1,499,999

6

166

$1,500,000 - $1,999,999

1

67

$2,000,000 - $2,499,999

-

$2,500,000 - $2,999,999

-

$3,000,000 - $3,999,999

-

$4,000,000 - $4,999,999

-

$5,000,000 - $9,999,999

-

Over $10,000,000

-

Total Properties

14

Avg. 130

Lowest Price: $529,000	Median Price: $937,000
Highest Price: $1,750,000	Average Price: $1,004,628
Total Market Volume: $14,064,800

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Location:: Massachusetts Norfolk County Needham Needham Heights

Tags:: needham area market report; needham heights real estate

Needham Market Report

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