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Needham, MA Norfolk County, Real Estate Market Report 11/30/2011
There were 9 homes that closed in November of 2011.
There were 18 homes sold in November 2010.
The Average list price for the homes that closed in Needham for November 2011 was $885,656
The Average list price for the homes that closed in Needham for November of 2010 was $877,550
The Average sale price for the homes that closed in Needham for November of 2011 was $861,500
The Average sale price for the homes that closed in Needham for November of 2010 was $833,389
The Average Market time for the homes that closed in Needham in November of 2011 was 145 days.
The Average Market time for the homes that closed in Needham in November of 2010 was 80days.
There are 119 single family homes on the market as of this moment.
The average list price is $999,900 with the average days on market of 154
Median Price for on market homes 1,224,791
Needham has lots of home in the $500,000 to $800,000 range.
There are 44 homes on the market between $1,000,000 and $1,499,999
Lowest price $373,000
Highest price $18,000,000 – 29 acres and the home to be built will be an English Manor
So half the amount of home sold in 2011 versus 2010 with a 1 % increase in the list price and an increase of 3% in sales price for that November period
We are often asked "Is it time to sell my home?” The answer to that question is based on what your families’ goals are. If you don’t need or want to move for a few years it might make sense to wait for the housing industry to recover and prices to appreciate. However, if you wish to move within the next six to eighteen months, it is probably better to sell sooner rather than later. Here are five reasons why:
Your House Will Get More Exposure Now Than the Winter
Housing sales usually level off in the summer and then regain momentum in September and October. The spring buyers’ market has passed. Don’t miss the early fall market. It has consistently outperformed the winter season.
Distressed Properties Will Impact Prices
Distressed properties (foreclosures and short sales) on the market will increase this fall and winter. This will put tremendous downward pressure on prices for at least the next 12-18 months. Get your home sold before they become your competition.
Mortgages Will Become More Difficult to Attain
Lending standards are continuing to tighten. There is legislation currently being considered that will make it even harder for buyers to qualify. Less demand will equate to lower prices.
It is the Perfect Time to Move-Up
With prices where they are and interest rates at all time lows, there may have never been a better time to move-up into your dream home. If you move into a more desirable home now, you will be in position to gain larger equity as prices eventually appreciate.
You Get to Move On with Your Life
Probably the most important reason to sell is so you can get on with your life. You are considering selling for a reason. Do not allow a less-than-stellar housing market prevent you from reaching your goals as an individual or as a family. Think about the reasons you are thinking about moving. Are these reasons really important to you? If you have to take less than you were originally hoping to get for your house, your family has a question to ask each other: Is the dollar difference in sales price worth putting off our plans? Only you and your family know the answer to that question
In July of 2011 there were 31 homes that closed within the month for Needham, MA. this was a increase of 5 units as there were 26 homes that closed in July of 2010.
So there were more units sold and the homes sold for more in July 2011 as compared to July 2010. Notice the list price was lower than last year in July 2011. Pricing is key in marketing a home but then it always is.
The Average list price for the homes that closed in Needham for July 2011 was $883,303
The Average list price for the homes that closed in Needham for July of 2010 was $894,269
The Average sale price for the homes that closed in Needham for July of 2011 was $861,073
The Average sale price for the homes that closed in Needham for July of 2010 was $849,412
The Average Market time for the homes that closed in Needham in July of 2011 was 110 days.
The Average Market time for the homes that closed in Needham in July of 2010 was 101 days.
22 single family homes went under agreement in Needham, Massachusetts for the month of July, 2011. The average list price of the homes that went under agreement was $. The average time on the market for these Needham homes were 97 days.
In pursuit of finding the single family home you desire along the way you need the right professionals and I have made some suggestions as guide in search of a single family home.
Schedule to meet with the most importannt professionals regarding the purchase of a home:
Meet with your Buyer's Agent of your choice
Next and foremost get pre-approved.
Thirdly, choose your attorney.
As you work with you Buyer's Agent you determine the community that best suits you needs in Massachusetts
I am serving clients in Needham,Wellesley, Westwood, Dedham, Norwood, Natick and the MetroWest Boston Area of Massachusetts
Single family homes for sale in Needham between $750,000 to $1,250,000
The Massachusetts Association of REALTORS® (MAR) reported today that June sales were down from the same time last year, but up from this past May. Median prices for single-family homes were down less than two percent on a year-over-year basis, but continue to go up from the month before. While condominium sales were also down on a year-over-year basis, median prices were up for the third straight month. Condominium month-to-month sales and median prices were both up as well.
"June is the last month that we’ll be comparing sales directly against the presence of the 2010 homebuyer tax credit, therefore moving forward we’ll have a more ‘apples-to-apples’ comparison to gauge where the market is,” said 2011 MAR President Laurie Cadigan, broker-owner of Barrett & Company in Concord. "However, despite the comparisons, REALTORS® across the state have reported stronger than expected activity recently and hopefully this will translate into more sales in the months to come
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We are often asked "Is it time to sell my home?” The answer to that question is based on what your families’ goals are. If you don’t need or want to move for a few years it might make sense to wait for the housing industry to recover and prices to appreciate. However, if you wish to move within the next six to eighteen months, it is probably better to sell sooner rather than later. Here are five reasons why:
