Westwood MA Housing Report Sept 2018.

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

Westwood MA Housing Report Sept 2018.  77 single family homes show up in the MLS report for the month of September. 

Single Family Active Listings: 50    Avg. Liv.Area SqFt: 3,556.40     Avg. List$: $1,167,622    Avg. List$/SqFt: $342     Avg. DOM: 92.40     Avg. DTO: 18.00  

Of these 77 homes there are 50 Active homes.  A lot of new homes came on the market in this last month with news of a softening market and the rise of interest rates with expectation of another hike in December of this year.

Single Family Under Agreement Listings: 15    Avg. Liv.Area SqFt: 2,702.40     Avg. List$: $1,028,340    Avg. List$/SqFt: $421     Avg. DOM: 109.33     Avg. DTO: 56.73  

These 15 homes under agreement will be next months Solds which means there has been a very active sales month with the news of rates and softening prices.

Single Family Sold Listings: 10    Avg. Liv.Area SqFt: 2,596.20     Avg. List$: $922,340    Avg. List$/SqFt: $375     Avg. DOM: 84.60     Avg. DTO: 75.30    Avg. Sale$: $880,586   Avg. Sale$/SqFt: $367

With 10 Sold the market is inching back from a Seller's Market to a normal market.  A normal market is defined as 6 months of inventory.  With 55 Active and 10 Sold we have 5 months of inventory.  We are getting close to normal for the first time in many, many quarters of housing activity.

Single Family Expired Listings: 1    Avg. Liv.Area SqFt: 2,675.00     Avg. List$: $995,000    Avg. List$/SqFt: $372     Avg. DOM: 98.00

Single Family Canceled Listings: 1    Avg. Liv.Area SqFt: 2,449.00     Avg. List$: $879,000    Avg. List$/SqFt: $359     Avg. DOM: 147.00

Expired and Canceled listing always have some story.  They were overpriced, the agent did a poor job of marketing, the seller made it difficult to see the property, the agent misread the market and couldn't deliver what they promised, there is always a story. The real estate market is fluid, these reports are focused on the activity of one month while the market as a whole moves at different pace. Working with a professional that understand both short term and long term knowledge of the industry is better suited to assist you as a sale or a purchase. This is the Westwood MA Housing Report Sept 2018

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

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Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Larry. Always nice to hear from you and your market analysis. Enjoy your day!

Oct 01, 2018 04:19 AM #1
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Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
"I listen for a living." It's all about you.

Wayne Martin you are like the sun, always there when needed. Thanks, you have a great day as well

Oct 01, 2018 06:35 AM #2
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Larry Lawfer -  thanks for this updated report on Westwood, MA along with the context.  Yes there is always a story and those expired listings each have a story.  But you are the story teller who can make sense to the owners.

Oct 01, 2018 07:25 AM #3
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Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
"I listen for a living." It's all about you.

Grant Schneider Always a pleasure to resurface and find comfort in the continuous work of some of the best here in the Rain.

Oct 01, 2018 07:42 AM #4
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