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
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
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