For sure the the average list price has increased quite a bit at 12% over last year and the ratio from list to sale price is pretty constant from year to year. The luxury market is slower but still homes are selling well in Needham. The concentration is still in the first time buyer price ranges of $500k and $600k. In the state of Massachusetts the unemployment is far better than many other states. Due to the close proximity of Boston. The fact is that Needham and other communities have seen a price increase. We don' always hear the good news in the media but there is some good news in the Real Estate market.
Needham offers a wonderful community with the finest of schools both private and public. I know that often those living in the city want to move to Needham because their friends have and the have heard of the wonderful schools and community spirit Needham has. Needham has the Beth Israel Deaconess HospitalNeedham Campus which is of course part of the Boston campus with the same doctors. We are certainly fortunate to have all that Needham offers for all ages.
The average list price in June of 2011 was $868,932
The average list price in June of 2010 was $775,921
The most expensive home sold was $2,150,000 at 94% of asking price and sold in 189 days .
There were 32 homes sold in the month of June 2011 with the highest concentration of sales being between $500,000 to $599,999 - 10 homes sold in that price range. In the price range between $600,000 and $699,999 and $1,000,000 and $1,499,999 there were 5 total for each. The average days on market was 73 days.
57 homes sold for 97% of the list price in the month of June 2010
32 homes sold for 98% of the list price in the month of June 2011
The average sale price was $749,813June 2010
The average sale price was $704,750 June 2011
COLDWELL BANKER RESIDENTIAL BROKERAGE is The Massachusetts Luxury Homes Leader with 32.08% 250,000 homes have been bought or sold over the last 12 months.
New England Moves. com is the #1 ranked real estate website with more than 900,000 visitors per month.
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Pat Baker
