NATICK – Coming to Market Soon!

Young light filled 3 bedroom, 2.5 bath, 2000SF Colonial with Central Air.  Close to town and train.

Pictures and details to follow soon…

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Smooth Sailing for Natick Real Estate in 2012. Results were driven by higher end sales.

Below are the percentage changes in NATICK single family sales for the year end 2012 as compared to 2011.

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SALES Units………….. flat

Dollar Volume……….+ 9.9%

Median Price…………+6.8%

The real story behind the numbers for 2012 is that Natick had a big comeback in the sale of higher end homes, homes sold at $700,000 or greater.  The number of homes sales over $700,000 increased 51.3% in 2012 as compared to 2011!

Are you as optimistic for the Natick real estate market in 2013 as I am?

John Prescott, Vice President

Century 21 Commonwealth

508-523-9252

Needham Real Estate: Tear Downs Make Way For New Construction

New construction and the associated tear down of older and smaller homes is alive and well in Needham.

For the eight month period from 1/1/2011 to 8/31/2011 twenty nine new construction single family homes were sold in Needham with an average sale price of $1,312,956. The 29 homes represented 14.3% of the total number of homes sold.

For the same eight month period in 2012 the number of new construction single family home sales increased by 20.7% to 35 homes. The total number of homes also increased proportionally so that new construction represented 14.8% of sales.

The average sale price of new construction homes and the corresponding per square foot price remained stable in Needham for this period.

Fast forward 30 years and at this rate, Needham may not have any smaller/older homes left to tear down.

What do you think about this trend?

John Prescott, Vice President

508-523-9252

Century 21 Commonwealth

Wellesley Real Estate: Tear Down Trend Alive and Well!

New construction and the associated tear down of older and smaller homes is alive and well in Wellesley.

For the eight month period from 1/1/2011 to 8/31/2011 twenty two new construction single family homes were sold in Wellesley with an average sale price of $2,109,500. The 22 homes represented 10% of the total number of homes sold.

For the same eight month period in 2012 the number of new construction single family home sales increased by 18% to 26 homes. The total number of homes also increased proportionally so that new construction represented 10.1% of sales.

The only significant change from the first eight months of 2011 versus 2012 was a decrease in the average sale price of new construction homes of 10.1% and a corresponding per square foot price decrease of 6.9%.

Fast forward 50 years and at this rate Wellesley may not have any smaller/older homes left to tear down!

What do you think about this trend?

John Prescott, Vice President

508-523-9252

Century 21 Commonwealth

592 Washington Street, Wellesley

Related:

* Tis’ the season for Wellesley teardowns | The Swellesley Report

 

Natick Real Estate.. Springing to Life?

The mild winter historically should bring an early spring market to the Metrowest area.  So far January has proven to be much slower than last year for single family sales in Natick.  The good news is that pending sales in Natick are on track to make sales in Natick for February about equal to February of last year.

What do you think?  Only time will tell for sure.     

Below are the percentage changes for single family homes in Natick for the month of January 2011 verses 2010:

Sales Units………………………………………………….   – 41.6%

$ Volume……………………………………………………   – 31.9%

Median Price……………………………………………….  + 20.9%

Average days on market………………………………..   – 30.3%

Winning Season for Natick Real Estate 2011

Low inventrory and steady demand for single family homes made for a good year in Natick.

The sale of single family homes in NATICK for the year 2011 demonstrated strength and resilience as compared to much of the Nation.  Both unit sales and dollar volume for 2011 increased as compared to the previous year. In addition, inventory levels stayed low and ended the year substantially lower than the previous year.

The chart below shows the percentage change for single family homes in Natick for the calender years 2011 compared to 2010:

SALES Units…………………………………………… + 12.2%

$ Volume………………………………………………… + 11.1%

Median Price…………………………………………… + 2.8%

Inventory in Units.………………………………….  – 17.9%

Inventory in Dollars.………………………………. – 25.5%

John Prescott, Vice President

Century 21 Commonwealth

Ten time CENTURION Award Recipient

508-523-9252

Natick’s Star Realtor John Prescott interviewed by Host Chris Devin on Talk Radio 1120AM, Sunday 2:00

Top Realtor John Prescott Guests On 'Money Matters' Sept. 4

Want to learn more about all that Natick has to offer?

Looking for advice on buying, selling, or financing your home?

Tune in on Sunday, September 4, 2011, to 1120AM Radio as host Chris Devin interviews local Realtor, JOHN PRESCOTT, Vice President at Century 21 Commonwealth.  JOHN can be reached at  508-523-9252.