Updating Newton Luxury Homes and Farlow Hill

By
Real Estate Agent with YourStories Realty Group powered by Castles Unlimited® MA# 9517963

Newton Luxury Market ReportUpdating Newton Luxury Homes and Farlow Hill. There are 53 properties that are in the $2,100,000 and above range in Newton right now. That is a lot of inventory, but on closer inspection there are some real deals in here as well as some very overpriced properties.  All statistics come from the Greater Boston Area of Realtors, MLSPIN.

Single Family Active Listings: 36    Avg. Liv.Area SqFt: 5,957.39     Avg. List$: $2,745,466    Avg. List$/SqFt: $470     Avg. DOM: 157.11

Drilling down into all 36 of these listings you will find that there are some properties on the market for well below the Ave. List$/SqFt price.  114 Shornecliffe Road is arguably one of the nicest homes that are not new construction, but have all the amenities the new ones have and also include the old world craftmanship and design. The windows are far larger than in new homes and therefore the house is far brighter.  Shornecliffe comes in at $100 less a square foot than the average and it delivers every bit as much and in some cases more than the average luxury property in Newton right now

114 Shornecliffe Road, Newton MA 02458

114 Shornecliffe Road, Newton MA 02458Single Family Under Agreement Listings: 10    Avg. Liv.Area SqFt: 6,319.10     Avg. List$: $3,061,900    Avg. List$/SqFt: $484     Avg. DOM: 129.50     Avg. DTO: 50.50

The market is moving quickly these days as you can tell from the considerably reduced DTO (Days to Offer).  And yet, luxury properties stay on the market longer than average properties. There is a smaller pool of buyers. Check out the Sq Ft cost here and consider that when choosing properties to go see.  The luxury homes in Newton are large and Shornecliffe fits with that trend.  What makes Shornecliffe unique is the fact it has its formal rooms with find wood and it's open space suitable for today's living. It blends the two types of living seamlessly like non of it's contemporaries on the market now.

Single Family Sold Listings: 4    Avg. Liv.Area SqFt: 4,362.75     Avg. List$: $2,487,250    Avg. List$/SqFt: $601     Avg. DOM: 162.75     Avg. DTO: 68.75    Avg. Sale$: $2,450,000   Avg. Sale$/SqFt: $612

With just 4 sold homes that gives us an absorption rate of  9 months making this a Buyer's market.  You have choices why not get the best house at the best price. With this approach you insure your value even faster. This is a post Updating Newton Luxury Homes and Farlow Hill

Posted by

Larry Lawfer, Realtor®YourStories Realty, It's all about you,

Larry Lawfer

Partner

Realtor®, Director of Marketing

YourStories Realty Group powered by Castles Unlimited®

837 Beacon St

Newton, MA 02459

larry@yourstoriesrealty.com, 617-774-8292

Comments (2)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Larry - buyers and sellers in the luxury market need to know they have a knowledable person to represent them.  You ability to drill down and answer questions build confidence in an important transaction.

Apr 14, 2015 12:53 AM
Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
"I listen for a living." It's all about you.

Grant Schneider with the interntet providing so much information, much of it inaccurate and/or misleading, we as professionals must be able to provide insight on that information. Thanks for your commenting.

Apr 14, 2015 08:05 PM