The news has been overall good the last month or so. The National Association of Realtors, Mass association and Realtors and several other sources are reporting good statistics for the country. The Boston Area has done better through this downturn than most of the country, but these numbers last month for Wayland are dismal. With the Days on Market going up and up in almost all categories is not great news. Looking at the average list price of $1,408,863 and the sales and under agreement prices of $591,557 and $757000 you can see why some properties are just sitting.
Single Family Active Listings: 71 Avg. Liv.Area SqFt: 3,887.76 Avg. List$: $1,408,863 Avg. List$/SqFt: $285 Avg. DOM: 227.52
Single Family Under Agreement Listings: 7 Avg. Liv.Area SqFt: 2,202.86 Avg. List$: $591,557 Avg. List$/SqFt: $259 Avg. DOM: 372.71
Single Family Sold Listings: 7 Avg. Liv.Area SqFt: 3,212.14 Avg. List$: $757,700 Avg. List$/SqFt: $250 Avg. DOM: 194.71 Avg. Sale$: $716,786 Avg. Sale$/SqFt: $240
The average List Price to Sales Price is a healthy 94% which is considerably higher than Weston’s 85% for last month, but I just don’t like the time on market. If you agent is not agressively marketing your property in this market then you need a new agent. You can not afford to be invisible in this market these days. It is unacceptable to be listing and praying. You need a healthy dose of blogs, video and internet outreach to attract the buyers who do not wait to find an agent who knows the area to show them properties. They are looking on line first and that is where you need to have your property.
Single Family Expired Listings: 8 Avg. Liv.Area SqFt: 3,964.25 Avg. List$: $1,101,500 Avg. List$/SqFt: $278 Avg. DOM: 375.75