Newton Luxury Housing Report Feb 13 2015

Newton Luxury Housing Report Feb 13 2015. These statistics are gathered from the Greater Boston Association of Realtors® ,GBAR for it's MLS, multiple listing service.  MLSPIN.  Luxury is defined by the top ten percent of the Sold prices in a town.  The Luxury number begins at $2,100,000 in Newton

Single Family Under Agreement Listings: 3    Avg. Liv.Area SqFt: 5,561.00     Avg. List$: $2,998,000    Avg. List$/SqFt: $550     Avg. DOM: 200.67     Avg. DTO: 78.67

Single Family Sold Listings: 7    Avg. Liv.Area SqFt: 6,629.29     Avg. List$: $3,169,414    Avg. List$/SqFt: $475     Avg. DOM: 101.29     Avg. DTO: 86.43    Avg. Sale$: $3,023,646   Avg. Sale$/SqFt: $452

3 went UAG in the last 30 days.  The DOM is 200.67. This follows what the ILMS is showing with the recent International Luxury Market.  7 Sales in the last 30 days which is wonderful and way beyond the yearly average of sales. The Spring Market is upon us early this year with the real possibility of interest rates taking a small tick up in the next six months. Certainly at the luxury level a incrementally small jump in interest rates will not kill the market.   The Listings that were sold this last month were 101 DOM with an average of 86 days to get an offer.  At this price point a very large sale can skew these numbers up.  The average price point this year has been around $2,400,000 level.  A jump in average size of house, and price point are much larger these last 30 days.

Single Family Expired Listings: 2    Avg. Liv.Area SqFt: 6,019.50     Avg. List$: $2,395,000    Avg. List$/SqFt: $417     Avg. DOM: 123.50

Single Family Canceled Listings: 1    Avg. Liv.Area SqFt: 5,000.00     Avg. List$: $2,595,000    Avg. List$/SqFt: $519     Avg. DOM: 168.00

Luxury homes in Newton need quality marketing for them to be noticed. There are so many wonderful luxury homes in Newton that to stand out on the internet you really do have to have marketing that stands out.  It can't be a one and done approach. A static website does not continue to gather interest when new people come on looking and using the search terms that will be embeded within an ongoing campaign.  Storyteller Marketing makes a difference, give us a call 617-774-8292 This has been the Newton Luxury Housing Report Feb 13 2015