Weston, MA 02493 Single Family Housing Market Report August 2011

By
Real Estate Agent with YourStories Realty Group MA# 9517963

 

Weston, MA  02493 Single Family Housing Market Report August 2011.  In August there were 123 homes that were either Active, Under Agreement, Sold, Expired or Canceled.  This is not so bad, but when you look further there are 98 Active homes for sale with only 16 either sold or under agreement.

15 Spruce Hill Road, Weston, MA 02493

15 Spruce Hill Road, Weston, MA 02493

What this would indicate is that there should or will be some drop in prices as we move into the fall selling season.  Many people forget that after the Spring season, December is quite often the second largest sale month in the year as people begin to think about tax breaks and the close of the year.  It appears as if the housing market is still alive and active, just not as much as many of us would like. The difficulty with the lending institutions and their moving guidelines is an issue that needs some resolution.  Let’s get to the numbers.

Single Family Active Listings: 98       Average List Price: $2,459,519     Average Market Time: 185.74

Single Family Under Agreement Listings: 3       Average List Price: $945,667     Average Market Time: 240.33

Single Family Sold Listings: 13       Average List Price: $1,525,461       Average Sale Price: $1,389,815     Average Market Time: 121.92

15 Spruce Hill Road, Weston, MA 02493 Kitchen

15 Spruce Hill Road, Weston, MA 02493

We are still staying in the 90% list to sale price ratio that we have been limping along with for many months. The actual percentage here is 91.1078% of list price to sale price for the homes sold in August.  As you see the ones that were sold were on the market less time than those still active.  It is time for the sellers to take a look at what they want to do.  Under Agreement homes are an even lower price average with a longer time on market.  Not a good sign about pricing here, or should I say what the market is willing to bear.

Single Family Expired Listings: 6       Average List Price: $2,334,167     Average Market Time: 168.33

Single Family Canceled Listings: 3       Average List Price: $948,300     Average Market Time: 153.00

Posted by

Larry Lawfer

RealtorĀ®, Director of Marketing

Keller Williams Boston Southwest

680 High Street

Westwood, MA 02090

larry@lawfer.com, 617-774-8292

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Rainmaker
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Paula McDonald
Chevaux Group, PLLC - The Woodlands, TX
CHEVAUX Group ~ The Woodlands, TX 936-203-0279

Hey Larry.  Thank you for your sweet comments.  I have missed seeing you around.

September 12, 2011 11:13 AM #1
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Larry Lawfer
YourStories Realty Group - Westwood, MA
"I listen for a living." It's all about you.

Thanks Paula, I have been hunkered down dealing with the crush of new listings and buyers this summer.  As you know, there is a lot of work to get this career right.  I am feeling more in control now and will be back on the wave through the rest of this year.

September 12, 2011 12:01 PM #2
Rainmaker
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Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

Very good market report Larry, I like that you are not just spewing out a bunch of numbers, but that you interpret what they mean for the people in your market.

September 12, 2011 01:53 PM #3
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Larry Lawfer
YourStories Realty Group - Westwood, MA
"I listen for a living." It's all about you.

Thanks Malcolm I keep working on this to do it faster and more interestingly than just posting stats.

September 13, 2011 03:53 PM #4
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Larry Lawfer

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When you need to get it right, call here now.
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