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Wayland MA - Home Sales Way Up in June!

By
Real Estate Agent with Andrew Mitchell & Company

Here is what's going on in the housing market in Wayland MA.               

Currently there are 89 single family homes for sale in Wayland Home for Sale in Wayland MA               
compared with 104 last year at this time.  11 of the "active" listings have offers accepted and are being shown until contingencies have been met.

Additionally, there are 24 single-family homes with sales pending; the average list price for sales pending is $709,363. Final sale prices will be available after closing.

List prices in Wayland range from $179,000 to $4,795,000. The median list price is $619,000 last year at this time it was $659,900. The average list price is $969,587, just about the same as last year. Average time on the market for current listings is 176 days; a year ago the average was 186 days.

 As expected, June was a busy month for closed sales and there were substantially more than during the previous June; 25 compared with 12. The median sale price was $625,000 and the average sale price was $742,966. The median sale price in June 2009 was $630,000; the average was $762,408.

While median and average prices are helpful information, the market value of any property depends on supply and demand which can vary greatly for each price range. It is important to understand your specific market when determining the list price that will attract the highest number of buyers.

For anyone looking for easy living, there are excellent opportunities in Wayland. There are 24 condominiums including duplex and townhouse styles in Wayland with prices ranging from $269,000 to $1,150,000. There were 3 closed sales for condominiums in June; there were 2 during June 2009.

Data Source: MLSPIN

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