Wellesley MA single family housing report Feb 2012 shows a lot of activity. There are 179 homes in the Active, Under Agreement, Sold, Expired and Canceled sectors. This is up from last month. It is clear that Spring season is upon us. 139 of this homes fall into the Active area, but many of them are showing some kind of agreement before the sale, meaning there is an Offer but they are waiting for some verification before putting the home under agreement. This is a lot of homes and will give buyers a lot of choices in almost all the categories. The Days on market are coming down, but 152 is a lot of time to be on the marked. The Under Agreement homes are on the market almost half as long, meaning that the homes coming on the market are getting the most attention. The sold homes number of days on market coming down is also a good sign.
Single Family Active Listings: 139 Avg. Liv.Area SqFt: 4,000.17 Avg. List$: $1,698,639 Avg. List$/SqFt: $413 Avg. DOM: 152.65
Single Family Under Agreement Listings: 18 Avg. Liv.Area SqFt: 3,137.56 Avg. List$: $1,418,883 Avg. List$/SqFt: $431 Avg. DOM: 87.72
Single Family Sold Listings: 14 Avg. Liv.Area SqFt: 2,291.64 Avg. List$: $917,407 Avg. List$/SqFt: $414 Avg. DOM: 133.71 Avg. Sale$: $858,336 Avg. Sale$/SqFt: $386
There is a relatively healthy 93% of List Price to Sales Price differential. This is not a bad relationship considering the fact that it is such a buyers market right now with lots of inventory. In both the Expired and Canceled areas there are homes on the market far too long. Either these homes are priced way out of their correct price, or the sellers are not working with agents who know how to get a home sold. This is bad news for the market and thankfully there is not a lot of them.
Single Family Expired Listings: 6 Avg. Liv.Area SqFt: 7,059.17 Avg. List$: $3,256,167 Avg. List$/SqFt: $439 Avg. DOM: 341.00
Single Family Canceled Listings: 2 Avg. Liv.Area SqFt: 8,747.50 Avg. List$: $4,425,000 Avg. List$/SqFt: $507 Avg. DOM: 296.00
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