Although the year has not officially ended I believe that we can get a real picture of the single family home sales for these communities in the infamous year of 2007. Comparison follows the report for each town from the previous year and same time period. The figures are taken from Multiple Listing Service for this area which is H3MLS.
All of these communities are in Norfolk County. All are a generally strong luxury market. All have terrific amenities in what are offered for town services and near to the city of Boston, MA.
Explanation of the these headings: SP:LP ratio = Sales Price to List Price
SP:OP ratio = Sales Price to Original Price
By comparison; For all three communities there more sales, the median price went down some , the average price went up by $33,000. Sales price to Original price average only reflected a -1%.
Report Run: 12/29/2007 6:27:09 PM Property Type(s): SF Status: SLD Start Date: 01/01/2007 End Date: 12/29/2007 Towns: Dover, MA; Needham, MA; Wellesley, MA |
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 | 4 | 229 | $262,225 | $280,200 | 94 | $302,800 | 87 | |||||||
$300,000 - $349,999 | 4 | 162 | $334,525 | $368,450 | 91 | $395,950 | 84 | |||||||
$350,000 - $399,999 | 17 | 110 | $374,915 | $395,376 | 95 | $423,628 | 89 | |||||||
$400,000 - $449,999 | 28 | 137 | $421,348 | $444,657 | 95 | $480,018 | 88 | |||||||
$450,000 - $499,999 | 47 | 89 | $473,465 | $495,745 | 96 | $517,981 | 91 | |||||||
$500,000 - $599,999 | 116 | 82 | $550,729 | $569,499 | 97 | $586,653 | 94 | |||||||
$600,000 - $699,999 | 98 | 91 | $647,431 | $669,941 | 97 | $691,271 | 94 | |||||||
$700,000 - $799,999 | 94 | 101 | $751,516 | $774,499 | 97 | $802,924 | 94 | |||||||
$800,000 - $899,999 | 78 | 97 | $847,348 | $879,319 | 96 | $916,867 | 92 | |||||||
$900,000 - $999,999 | 28 | 80 | $953,037 | $987,518 | 97 | $1,020,893 | 93 | |||||||
$1,000,000 - $1,499,999 | 140 | 108 | $1,236,684 | $1,300,004 | 95 | $1,455,490 | 85 | |||||||
$1,500,000 - $1,999,999 | 65 | 115 | $1,721,392 | $1,785,200 | 96 | $1,853,769 | 93 | |||||||
$2,000,000 - $2,499,999 | 33 | 184 | $2,224,288 | $2,347,242 | 95 | $2,409,545 | 92 | |||||||
$2,500,000 - $2,999,999 | 9 | 141 | $2,707,222 | $2,931,667 | 92 | $3,052,222 | 89 | |||||||
$3,000,000 - $3,999,999 | 9 | 261 | $3,449,889 | $3,814,333 | 90 | $3,980,556 | 87 | |||||||
$4,000,000 - $4,999,999 | 6 | 342 | $4,616,500 | $4,972,333 | 93 | $5,064,167 | 91 | |||||||
$5,000,000 - $9,999,999 | 3 | 232 | $5,683,333 | $6,265,000 | 91 | $6,646,333 | 86 | |||||||
Over $10,000,000 | - | - | - | - | - | - | - | |||||||
Total Properties | 779 | Avg. 108 | $1,016,888 | $1,066,320 | 95 | $1,125,227 | 90 | |||||||
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Property Type(s): SF Status: SLD Start Date: 01/01/2006 End Date: 12/29/2006 Towns: Dover, MA; Needham, MA; Wellesley, MA |
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 | 1 | 7 | $275,000 | $299,000 | 92 | $299,000 | 92 | |||||||
$300,000 - $349,999 | 1 | 263 | $325,000 | $335,000 | 97 | $439,000 | 74 | |||||||
$350,000 - $399,999 | 12 | 94 | $374,583 | $401,825 | 93 | $430,575 | 87 | |||||||
$400,000 - $449,999 | 17 | 109 | $424,206 | $456,152 | 93 | $480,952 | 88 | |||||||
$450,000 - $499,999 | 35 | 108 | $472,904 | $500,480 | 94 | $518,271 | 91 | |||||||
$500,000 - $599,999 | 103 | 100 | $555,724 | $580,886 | 96 | $602,779 | 92 | |||||||
$600,000 - $699,999 | 109 | 88 | $649,228 | $674,835 | 96 | $697,692 | 93 | |||||||
$700,000 - $799,999 | 75 | 105 | $743,566 | $774,591 | 96 | $810,691 | 92 | |||||||
$800,000 - $899,999 | 57 | 105 | $850,081 | $887,104 | 96 | $928,693 | 92 | |||||||
$900,000 - $999,999 | 48 | 124 | $945,868 | $995,552 | 95 | $1,079,331 | 88 | |||||||
$1,000,000 - $1,499,999 | 149 | 155 | $1,207,545 | $1,277,594 | 95 | $1,326,763 | 91 | |||||||
$1,500,000 - $1,999,999 | 65 | 183 | $1,697,277 | $1,778,237 | 95 | $1,854,414 | 92 | |||||||
$2,000,000 - $2,499,999 | 24 | 148 | $2,221,875 | $2,361,458 | 94 | $2,469,167 | 90 | |||||||
$2,500,000 - $2,999,999 | 10 | 247 | $2,625,625 | $2,834,400 | 93 | $3,014,800 | 87 | |||||||
$3,000,000 - $3,999,999 | 5 | 156 | $3,213,772 | $3,432,800 | 94 | $3,496,800 | 92 | |||||||
$4,000,000 - $4,999,999 | 1 | 136 | $4,175,000 | $4,150,000 | 101 | $4,150,000 | 101 | |||||||
$5,000,000 - $9,999,999 | 1 | 4 | $7,200,000 | $7,495,000 | 96 | $7,495,000 | 96 | |||||||
Over $10,000,000 | - | - | - | - | - | - | - | |||||||
Total Properties | 713 | Avg. 124 | $987,040 | $1,038,340 | 95 | $1,083,677 | 91 | |||||||
Home Sales by Town. Dover 2006: 60 Single Family Homes - Median Price $ 940,000 Average Price $1,096,533 Dover 2007: 69 Single Family Homes - Median Price $1,040,000 Average Price $1,310,719 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Needham 2006: 296 Single Family Hoimes - Median Price $662,000 Average Price $768,864 Needham 2007: 372 Single Family Homes - Median Price $628,550 Average Price $749,151 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Wellesley 2006: 357 Single Family Homes - Median Price $971,000 Average Price $1,149,534 Wellesley 2007: 338 Single Family Homes - Median Price $960,000 Average Price $1,251,572 There are certainly more market reports to be done but it hasn't been the market of 2004 but not too shabby at all. Pat Baker, Realtor Associate with Coldwell Banker Residential Brokerage of Needham, MA - serving Needham, Wellesley, Newton, Weston, Westwood, Dedham, Holliston, Sherborn, Dover, Natick, South Natick visit my website: www.patannbaker.com For school information and other important search tools.
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