Needham Real Estate Market Report August 2014
In August of 2014 there were 35 homes that closed within the month for Needham MA Real Estate. This is an decrease of 3 units, as there were 38 homes that closed in August of 2013.
The Average list price for the homes that closed in August 2013 was $890,126
The Average list price for the homes that closed in August of 2014 was $854,926
The Average sale price for the homes that closed in August of 2013 was $887,702 (100% list price)
The Average sale price for the homes that closed in August of 2014 was $856,816 (101% list price)
The Average Market time for the homes that closed in August of 2013 was 23 days
The Average Market time for the homes that closed in August of 2014 was 45 days.
Highest Price 2013 $1,480,000
Highest Price 2014 $ 1,640,000
98 homes on the market as of this moment in time with an average price of $1,395,417
In Needham, MA there are 2 zip codes Needham is 02492 and Needham Heights is 02494 and this is the breakdown in each.
Sales have fallen to 14 homes sold over the last 30 days in the 02492 zip code market. Sellers can also expect more competition, due to a three-week upward trend in homes coming into the market, now up to 31 for the same period. Potential buyers should note that prices went up in the 02492 zip code, with the median for this period rising from $745,500 to $759,250.
The number of homes coming into the 02494 zip code market shot up to 19 listings over the last 30 days, while sales remained right where they were as once again 22 homes were sold over the same period. The median sales price dropped to $741,500, extending an eight-week long spiral. Despite the falling prices, a relatively low two months of inventory indicates that the 02494 zip code is still a solid seller's market. *Posted Homesnap 9012014
Sure sounds like a great idea Huh? Think again. Agents know how to sell homes and keep them that way.
Think You Should "For Sale By Owner" Think Again
Just a little infographic to show how much there is to selling your home. The biggest thing is that homes sell for more money when sold by agents. Agents know how to sell homes. Courses will not help.
Buyers agents prefer to work with listing agents rather than direct to homeowner. When you need a legal matter taken care of you go to a lawyer. When you need your property surveyed you call a surveyor. When you need do home improvements you call in the specialists: general contractors, architects, plumbers, electricians, etc. When we want to sell our homes we call the specialist in for that. That specialist is the Real Estate Agent.
What is not mentioned in the infographic is the literally hundreds of phone calls from the time the offer is presented to the closing and all the steps until the closing day.