Newton MA Luxury Market Report

Newton MA Luxury Market Report for the last 30 days.  This information is gathered from MLSPin and does not include any for sale by owner information as this is typically a very insignificant portion of the statistics and is always skewed by the quirkiness of these transactions.  Newton continues to be an active market in the luxury category. This is defined by the International Luxury Home Marketing organization as the top ten percent of the market in it's area.  Since Newton has so many nice homes this threshold price is considerably above the Boston Area Luxury property threshold which is slightly under $900,000.  In Newton that threshold number is north of two million.

 114 Shornecliffe road, newton ma 02458

Single Family Active Listings: 56    Avg. Liv.Area SqFt: 6,454.75     Avg. List$: $3,115,755    Avg. List$/SqFt: $488     Avg. DOM: 133.77

Single Family Under Agreement Listings: 2    Avg. Liv.Area SqFt: 5,849.50     Avg. List$: $2,287,000    Avg. List$/SqFt: $407     Avg. DOM: 149.50

Newton is filled with very large homes because of it's proximity to downtown Boston and it's suburban feel.  Schools are often ranked in the top percent of all the schools in MA because those who live with their large families in Newton care about the public school education. As always with the current market those properties that are priced to sell get sold quickly as you can see below.  The home I have on the market right now, 114 Shornecliffe Road, Newton MA is just such a home. We put this property on the market below the Sold Ave.Sale$/sqft: price, making it a bargain.  This home has been completely redone by the current owner of 10.5 years.  It is a move in type home with a 3 car garage and nestled into historic Farlow Hill section of Newton.

Single Family Sold Listings: 6    Avg. Liv.Area SqFt: 5,793.17     Avg. List$: $2,886,333    Avg. List$/SqFt: $519     Avg. DOM: 64.33    Avg. Sale$: $2,706,000   Avg. Sale$/SqFt: $485

Finding just the right home to purchase must always be begun by looking at what the market is doing this week.  The market fluxuates with each sale and when you read about prices and market actions in the local media it is usually reporting on market activity that has passed.  Passed performance is no indication of future results, but being armed with data makes this a valuable Newton MA Luxury Market Report