Wayland Real Estate - Housing News Mixed - More Sales; Lower Prices...

By
Real Estate Agent with Andrew Mitchell & Company

Mixed news for the Wayland housing market; more homes sold, lower prices, and fewer choices for home buyers who would like to live in Wayland. Fewer homes for sale good news for people who are ready to sell; less competition generally leads to quicker sales and potentially higher prices. Buyers are ready for new listings to come on the market in Wayland.

Current (9/24): There are 76 family homes for sale in Wayland last year at this time, there were 104. List prices range from $189,900 to $14,900,000. The median list price is $867,500. Last year at this time the median list price was $665,500.

Although, overall inventory is lower in Wayland, the number of homes for sale in the $900,000 - $999,999 range has increased over last year. There are 11 on the market, compared with just 2 last year. Home buyers in this price range who would like to live in Wayland have some good opportunities right now!

Closed Sales August 2012: there were 27 closed sales of single family homes in Wayland during July 2012; a 505 increase over August 2011. The median sale price was $487,500, 20.2% less than the Augst 2011 median of $610,870.
 
Pending Sales:  Pending sales for single family homes in Wayland dropped from August 2011; 13 compared with 18. However, more homes came on the market this August – 13 new listing up from just 9 in August 2011
 
Y-T-D through August 31, 2012: Closed sales were up by 50.5% in Wayland for the first eight months of 2012; there were 137 up from 91 for the same period in 2011. However, the median sale price was 1.8% lower than in 2011; $550,000 compared with $560,000.

Condominiums: Sales of condominiums, including garden style and townhouses, were up by 33.3%; there were 4 closed sales. Sales for the first seven months were up by 66.7%; 40 sold compared with 24 the previous year. However, median sale prices were lower both for the month of August and for the first 7 months of 2012 compared with the same period in 2011.

Visit www.marilynmessenger.com for more..
  
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 "Marilyn helped us market and stage our house in Wayland. It sold in a month's time at an excellent price. We'd be very pleased to recommend you to anyone looking for a professional, thorough, knowledgeable, and empathetic broker."
Dave Slote

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Rainmaker
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Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Marilyn,

I enjoyed reading your informative post.  I noted as I was reading that your trends echo the trends in Dallas. The bottom line, in my opinion, is that we need buyers who fit the loan packages, or we need to have lending restrictions revised, particularly for the self employed.

Sep 25, 2012 05:50 AM #1
Rainmaker
3,213,341
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Marily - Thank you for sharing detailed quality information about Wayland real estate housing news, mixed more sales lower prices.

Sep 25, 2012 08:05 AM #2
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Marilyn Messenger

Marilyn Messenger, Real Estate west of Boston
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