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Needham Market Report for November 2012

By
Real Estate Agent with Realty Executives Boston West 113011

Needham Market Report for November 2012

November Property sales were 33, up 153.8% from 13 in November of 2011 and 57.1% higher than the 21 sales last month. November 2012 sales were at their highest level compared to November of 2011 and 2010. November YTD sales of 354 are running 22.9% ahead of last year's year-to-date sales of 288.

TrendingVersus*:                                           

MarketProfile& TrendsOverview

Month

LM

L3M

PYM

LY

YTD

PriorYTD

PriorYear

MedianListPriceof allCurrentListings

$849,500

-3%

 

0%

 

 

 

 

AverageListPriceof allCurrentListings

$1,234,822

4%

 

13%

 

 

 

 

NovemberMedianSalesPrice

$681,693

9%

0%

24%

2%

$667,500

0%

0%

NovemberAverageSalesPrice

$764,421

15%

2%

1%

-1%

$750,307

-3%

-3%

TotalPropertiesCurrentlyfor Sale(Inventory)

90

-24%

 

-44%

 

 

 

 

NovemberNumberof PropertiesSold

33

57%

 

154%

 

 

23%

 

NovemberAverageDayson Market(Solds)

63

-22%

-10%

-54%

-23%

77

0%

-6%

AskingPriceperSquareFoot (basedon New Listings)

$335

4%

6%

-8%

5%

$318

0%

0%

NovemberSold PriceperSquareFoot

$301

6%

-1%

8%

-2%

$303

-2%

-1%

NovemberMonth'sSupplyof Inventory

2.7

-52%

-42%

-78%

-66%

5.6

-33%

-30%

NovemberSalePricevs ListPriceRatio

97.7%

1.8%

0%

4%

1.2%

97.0%

0.2%

0.4%

* LM=LastMonth/ L3M=Last3 Months/ PYM=SameMonthPriorYear/ LY=LastYear/ YTD = Year-to-date

 

Prices

 

The Median Sales Price in November was $681,693, up 23.9% from $550,000 in November of 2011 and up 9.1% from $625,000 last month. The Average Sales Price in November was $764,421, up 1.1% from $756,038 in November of 2011 and up 15.0% from $664,771 last month. November 2012 ASP was at highest level compared to November of 2011 and 2010.

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Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Thanks for the real estate market update for your area!

Dec 11, 2012 10:08 PM