Wayland Home Sales Up in Q1!

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Real Estate Agent with Andrew Mitchell & Company

Ask a question Wayland Housing Chart - Q1 2007-2012
Easy Home Search (sold properties included)

The number of single family homes sold in Wayland during the first quarter of 2012 surpassed the number sold during 2007 which was considered the peak. Median and average prices are also rebound. (See charts above for year to year comparison).

The current market is very active. There are a few more homes for sale than last year – 93 compared to 89, however, 15 of those properties already have accepted offers with contingencies waiting to clear and there are anWayland - Sold Prices Single Family Homes Q1 additional 31 with sales pending. Both median and average list prices are less than last year and lower prices are attracting more buyers. The median list price is $724,000; last year it was $748,000. The average is $1,096,925; last year it was $1,271,085.

The condominium market is also active. There are 16 condos/townhouses with accepted offers and there are 10 sales pending.

So, while it’s easy for sellers to get over-confident when they hear the market is improving and even some multiple offers, a property that is incorrectly priced will not sell. On the other hand, buyers need to be prepared to step up when they find a good value because those properties are likely to attract other buyers quickly.

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Rainmaker
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Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Great post it is good to see some positive news for the market areas. You are right seller's and buyer's need to be on the right page.

May 03, 2012 06:06 AM #1
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Marilyn Messenger

Marilyn Messenger, Real Estate west of Boston
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