Newton, MA Single Family Market Report Aug 2014. From July 1 through July 31 there were 260 homes that were on the MLS in an Active, Under Agreement, Sold, Expired or Canceled Listings Status. When information is uploaded to the individual MLS portals it then through IDX and syndication distributes that information to sites like Trulia, Zillow, Realtor.com and all the other thousands of consumer real estate sites. This information comes from MLSPIN, which covers the Metropolitan Boston area and MA.
Waverly Ave, Newton
Single Family Active Listings: 136 Avg. Liv.Area SqFt: 4,473.76 Avg. List$: $1,860,518 Avg. List$/SqFt: $413 Avg. DOM: 92.83
Single Family Under Agreement Listings: 42 Avg. Liv.Area SqFt: 3,114.36 Avg. List$: $1,290,938 Avg. List$/SqFt: $407 Avg. DOM: 53.83
Single Family Sold Listings: 66 Avg. Liv.Area SqFt: 2,718.71 Avg. List$: $1,090,320 Avg. List$/SqFt: $428 Avg. DOM: 39.39 Avg. Sale$: $1,101,480 Avg. Sale$/SqFt: $434
Waverly Ave, Newton
Take a moment and look at the Active Average Listings Sales Price Sq/Ft and then the Average Sale Sq/Ft. The key in today's market is to price your property so that you create value which brings the buyers. The buyers create the upward market right now. Those people who still hold on to pricing something higher and accepting a lower price to sell are missing out on the opportunity of today's market. Market's change and so should your strategies change.
Single Family Expired Listings: 12 Avg. Liv.Area SqFt: 3,752.58 Avg. List$: $1,525,333 Avg. List$/SqFt: $399 Avg. DOM: 69.42
Single Family Canceled Listings: 4 Avg. Liv.Area SqFt: 3,099.00 Avg. List$: $1,248,475 Avg. List$/SqFt: $375 Avg. DOM: 57.50
Expired and Canceled listings always have a story. The agents wasn't good is the typical refrain, but it can easily be the Seller. A Seller who demands a high price for their home and then blames the agent when no one comes to see the house is not understanding the market. This is the agents fault for not explaining it in understandable terms that allow the property to go back on the market and sell. Work with professionals and be more successful, safe and secure in the process.
Newton, MA Single Family Market Report Aug 2014
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