Wayland MA - Home Sales and Prices Up again in May!

By
Real Estate Agent with Andrew Mitchell & Company

The Wayland (MA) market continues to be positive! Wayland MA Real Estate - Home Sales and Prices Up in May

Currently there are 91 single family homes for sale in Wayland; last year at this time there were 110. Seventeen of the 91 active listings already have accepted offers and are being shown only for backup offers until contingencies have been fulfilled.

List prices range from $214,900 to $14,900,000. The good news for buyers, and for sellers who plan to either move up or down-size in Wayland, is that median and average list prices are lower than last year at this time. The median is $659,900; the average is $1,095.292.

Homes that are priced correctly are selling quickly, however, there were also 29 price reductions on 26 properties during May. With interest rates unimaginably low, this has to be a great time to buy a home in Wayland!
 
Sales Pending: There were 27 single family properties that went pending in May, up from 20 in April 2011 and also up from 21 this past April. These pending sales will close in the next month or two and sale prices will be known upon closing.

Closed Sales May: There were 14 closed single family home sales in May, exactly the same number as in May 2011, and also April 2012. The median sale price was up - $682,000 compared with $567,000 in May 2011.

Year-to-date Sales (1/1/2012 - 5/31/2012): Year to date sales and prices continue to increase over last year. There have been 64 closed sales in 2012, up from 40 for the same period in 2011. And sale prices are also up. The median sale price to through 5/31 is $545,500; it was $483,000  for the same period in 2011.

Condominiums/Townhouses – Closed sales of condos in Wayland were also up in May and year-to-date over last year for the same period. There were 6 in May, up from 3 in May 2011, however, median sale prices were lower - $467,500 compared with $589,900 in May 2011. 
 
If you want to live in Wayland, be prepared to step up when you find a house that fits your needs. Get pre-approved for a mortgage before you visit any houses so you know exactly what you can afford. Decide what the trade-offs are (location, size, and condition) and connect with an experienced buyer broker/agent who can navigate you through this busy market!


 

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Rainer
308,568
Kim Carlson 480-993-9384
www.NowSellingAZHomes.com - Mesa, AZ
Valley of the Sun Realtor, Seller Specialist

Good Morning Marilyn, it looks like price are up all over the counrty. Here is Arizona it's hard to get a home, they are gone before you know it!

Jun 12, 2012 03:17 AM #1
Rainmaker
1,025,715
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

We are waiting for the same to happen here.  We have not seen the increases but they are coming.

Jun 12, 2012 03:20 AM #2
Rainer
23,633
United Inspection
United Inspection Service - Framingham, MA

Looks like Wayland MA home prices are back on the rise.

Jul 19, 2012 04:40 AM #3
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Rainmaker
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Marilyn Messenger

Marilyn Messenger, Real Estate west of Boston
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