The Best of Dedham Real Estate today, Fall 2015. Luxury is defined as the top 10% of the existing market on the MLS. So in that case it will change every day with each sale, but it is generally accepted that $881,000 and above in the MLSPIN area is the threshhold to Luxury. It will vary from town to town based on the market in that town. In Dedham today at the beginning of the Fall market there are 15 properties for sale above $900,000. Single Family Listings: 15 Avg. Liv.Area SqFt: 5,334.53 Avg. List$: $1,628,960 Avg. List$/SqFt: $324 Avg. DOM: 218.00.
375 Westfield Street is a property unlike the others. It has the the luxury elements the other houses have, but it’s design and location of Westfield Street make it unique. Dedham is a town known historically from people of great intelligence and a fierceness of independent thought. People in Dedham know that their money buys more house than towns like Wellesley, Weston or Newton. Dedham is the county seat of Norfolk and is filled with Colonial homes. Right now 14 of the 15 properties for sale in Dedham are listed as Colonial. 375 Westfield Street is a Colonial with a Contemporary Flare. It has two living rooms, several fireplaces, a couple of decks, a large flat back yard not visible from the street, a waterfall and a koi pond.
During the last month there have only been 4 properties in Dedham sold or going into Contingency. Single Family Listings: 4 Avg. Liv.Area SqFt: 4,246.00 Avg. List$: $1,406,000 Avg. List$/SqFt: $334 Avg. DOM: 63.00 Avg. DTO: 50.00 Avg. Sale$: $1,381,667 Avg. Sale$/SqFt: $335. As you can see from these two stats that the houses that are sold were smaller, less expensive and sold faster. In the luxury category of homes it is expected that you can walk right in and enjoy the property. It is also typical that the new owners will want to put their mark on the house as well. 375 Westfield Street MLS# 71795296 is a property where you can receive far more for your money. This has been the Best of Dedham Real Estate today, Fall 2015