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Wellesley MA single family housing report Feb 2012

By
Real Estate Agent with YourStories Realty Group MA# 9517963

Deprisco Jewelers WellesleyWellesley 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

Tutto_Italiano_Wellesley

Tutto_Italiano_WellesleyThere 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   

Posted by

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

Larry Lawfer

Partner

RealtorĀ®, Director of Marketing

YourStories Realty Group powered by Castles UnlimitedĀ®

837 Beacon St

Newton, MA 02459

larry@yourstoriesrealty.com, 617-774-8292

Comments (4)

Kristine Ginsberg
Elite Staging and Redesign, LLC - Short Hills, NJ
NJ Home Stager

Larry - Sounds like the Wellesley MA single family housing report for Feb 2012 is showing an increase and that's great news. I'm sure as spring approaches your market will really pick up!

Mar 15, 2012 01:44 AM
Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

Wow, 152 days on market? That is a really long haul Larry. The professionals in your market are earning their paycheques Larry, that's for sure.

Mar 15, 2012 01:51 AM
Larry Lawfer
YourStories Realty Group - Newton, MA
"I listen for a living." It's all about you.

Kris, Thanks for stopping by, the Wellesley market is a premium town with great homes.  It is good to see so much activity..

Mar 15, 2012 01:57 AM
Larry Lawfer
YourStories Realty Group - Newton, MA
"I listen for a living." It's all about you.

Malcolm, that is down from over 200 days. These beautiful homes have been languishing on the market, but now that spring is here so are the new buyers.  Thanks for stopping  by.

Mar 15, 2012 01:58 AM