Needham Market Report

Needham is hot!

Where our Town Needham stands.  I would say ...Needham is hot. 

Well in the town of Needham property increased 17.9.% over the past 5 years.  According to Boston Magazine there are 29 neighborhoods and towns that are holding their value.  You would never know it if your only listened to the news.  All bad news all the time.  Except for yesterday I heard a quote on the News that the National Association of Realtors said that there seems to be recovery coming. 

"According to research done by Municipal Benchmarking, which studied Needham against Lexington and Wellesley, and 17 other communities, Needham ranks 4 in MCAS scores."1 There is so much bang for the buck.  This is why the market keeps strong and yes there homes in a wide price here too.  They don't last long but they come and pretty soon go. 

In the past month 19 homes went under agreement between $450,000 and $3,000,000+.  In six days there were 6 properties that went under agreement.  Needham remains a strong market.  There is a great selection of new construction in wonderful neighborhoods.

Needham is a great town to buy your first home and your second, and your third, etc.  You are investing wisely here.

*1. Boston Magazine

Pat Baker, Real Estate Agent - Needham Based - Coldwell Banker Residential Brokerage - Servicing buyers and sellers in Needham, Needham Heights, Natick, South Natick, Dover, Dedham, Westwood, Sherborn, Holliston, Newton, Weston, Wellesley.  patbaker.wordpress.com