Weston Real Estate and Home Value - January 2008 Update
So far this year, there just hasn't been enough activity to get a real handle on the market. Weston Real Estate finished strong in 2007 up from a slow 2006. This year is off to a slower start than 2006 and that doesn't look good. It is way to easy to change that trend with a strong February or March. When you only sell 150 or so homes in a year, one slow month doesn't hold you back from a good year.
The top selling home so far as been 40 Cardinal that went for $1,525,000. It looks like Weston is suffering like several of the surrounding towns from a lack of buyers. The most likely cause is the doom and gloom from the national media and the anticipation of the Fed's dropping interest rates even lower....so stay tuned!
For more detailed information on home sales and the latest on Homes for Sale, please visit my web site at http://www.tetreau.com/
WESTON Update | |||||
Year to Date Sales of Single Family Homes | |||||
As of January 31 | |||||
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| 2008 | 2007 | 08 vs 07 | 2006 | 08 vs 06 |
Closes | 3 | 6 | -50% | 4 | -25% |
Median Price | $1,365,750 | $895,000 | 53% | $1,099,000 | 24% |
Avg Selling Price | $1,208,583 | $1,096,583 | 10% | $1,086,750 | 11% |
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Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate | |||||
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