Wayland, MA 01778 Single Family Housing Report November 2011

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Real Estate Agent with YourStories Realty Group powered by Castles Unlimited® MA# 9517963

Wayland, MA 01778 Single Family Housing Report November 2011

Wayland, MA 01778 Single Family Housing Report November 2011 had 101 listings in the Active, Under Agreement, Sold, Expired and Canceled categories. This is down from last month.  The media is continuing to talk all over the map about the real estate industry.  In some reports it is up and in others it is doom and gloom.  The question is who are you to believe?  I think you need to believe in your local numbers and so here they are.

14 Overlook Road, Wayland, MA 01778Single Family Active Listings: 77    Avg. Liv.Area SqFt: 3,894.35     Avg. List$: $1,399,796    Avg. List$/SqFt: $289     Avg. DOM: 237.65

Single Family Under Agreement Listings: 7    Avg. Liv.Area SqFt: 2,262.86     Avg. List$: $538,286    Avg. List$/SqFt: $236     Avg. DOM: 156.43 

Single Family Sold Listings: 4    Avg. Liv.Area SqFt: 2,689.00     Avg. List$: $706,725    Avg. List$/SqFt: $260     Avg. DOM: 159.50    Avg. Sale$: $665,000   Avg. Sale$/SqFt: $246

In this Active, UAG and Sold category we see the trend continuing of more houses on the market than in any other category. The Days on Market is still going up. The average List Price to Sale Price is around 94% which is not so bad. The key to selling your home is being realistic to what the market pressures are right now.  It is a buyers market.  If you have your property on the market at too high a price you will not have anyone who will even look at the home. There are buyers out there as we can see from the statistics.  Ask yourself the question if you are a seller, do you want to sell?  If so have a discussion with your Realtor® on how to best accomplish this, or wait for the market to change.  The media will be no help to you with all their misinformation.

4 Hemlock Road, Wayland  MASingle Family Expired Listings: 11    Avg. Liv.Area SqFt: 2,816.82     Avg. List$: $594,357    Avg. List$/SqFt: $219     Avg. DOM: 127.55  

Single Family Canceled Listings: 2    Avg. Liv.Area SqFt: 5,376.00     Avg. List$: $2,359,500    Avg. List$/SqFt: $355     Avg. DOM: 356.50 

It appears as if the Sellers did not give their agent enough time to market their properties this past month.  When the DOM for Sales is 159 and the Seller is expiring a contract at 128 DOM the math is simple, it can’t be done in that time, in this market.  The canceled are another story and my thought here is overpriced and under-marketed couple with unrealistic sellers. The key to success in both buying and selling real estate is work with professionals who can guide you in the process. See you next month, enjoy your holidays and be safe.

Listing Price: 1,100,000
Address: 14 Overlook Road
City: Wayland
State: MA
ZIP: 01778
MLS # (if any): 71247552
Square Feet: 7000
Bedrooms: 3
Bathrooms: 4 F, 2 H
Basement (full, 1/2, finished, unfinished): Full Finished with second kitchen
Posted by

Larry Lawfer, Realtor®YourStories Realty, It's all about you,

Larry Lawfer

Partner

Realtor®, Director of Marketing

YourStories Realty Group powered by Castles Unlimited®

837 Beacon St

Newton, MA 02459

larry@yourstoriesrealty.com, 617-774-8292

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