Newton, Massachusetts Bucks The National Trend

By
Real Estate Agent with CASTLES UNLIMITED®

I just took a look at the MLS statistics for 2007 compared to 2006 for single family, condos and multi-family homes sold in Newton, Massachusetts.  Here they are:

                                                                         2007                            2006

                                                       

                          Total Sold                                 964                               915              

                          Avg. Days on Market                  108                               110

                          Avg. Sale Price                      $804,681                       $784,769

                          Median Price                         $681,875                       $647,500

As you can see from 2006 to 2007, the total number of single family, condos and multi-family homes sold in Newton, MA increased, the average days on market slightly decreased and both the average sales price and median prices increased.  Thus Newton seems to be bucking the national trend.

This only goes to show that all real estate is local.  There are many hot spots nationally that are bucking the national trend in real estate.  Newton, MA seems to be one of them.

 

                                                           GO SEE MY WEB SITE - www.georgekoppel.com

 

Comments (2)

Matt Ratcliffe, REALTOR
Keller Williams Realty Brazos Valley - College Station, TX
That is great to hear.  Iow of a lot of communities that have bucked the trend.
Feb 05, 2008 03:29 AM
Heather Logrippo
Distinctive Homes Magazine - Shrewsbury, MA
George, this is the best news I've heard in months.  I'm very excited to read this!  As a result of your post I am going to do a highlight on Newton and Wellesley (which is also bucking the trend from what I can see) in my next issue.  Thanks!!!
Apr 03, 2008 10:44 AM