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Newton MA Single Family Market Report Jan 2020

Newton MA Single Family Market Report Jan 2020. From the MLSPIN system I gather these statistics, they are a snapshot of all that is going on with Newton MA single family real estate market has been up to. There were 155 properties in the market during this time.

Single Family New Listings: 6 Median Liv. Area SqFt: 3,961 Median List $: $1,597,500 Median List $/SqFt: $417 Median DOM: 1.5

Single Family Active Listings: 60 Median Liv. Area SqFt: 3,880 Median List $: $1,849,500 Median List $/SqFt: $475 Median DOM: 111.5

Single Family Price Change Listings: 1 Median Liv. Area SqFt: 4,500 Median List $: $2,425,888 Median List $/SqFt: $539 Median DOM: 117

This is a lot of active homes, price changes traditionally happen after the first month.

Single Family Contingent Listings: 11 Median Liv. Area SqFt: 3,242 Median List $: $1,495,000 Median List $/SqFt: $440 Median DOM: 14 Median DTO: 11

Single Family Under Agreement Listings: 25 Median Liv. Area SqFt: 2,352 Median List $: $1,050,000 Median List $/SqFt: $436 Median DOM: 21 Median DTO: 7

These properties above that are contingent and UAG are next months sales. Notice the days on market is very small. Good houses sold at a reasonable price go quickly. If your house is hanging on the market without offers, either your price is not attractive, or your agent is doing a poor job and getting the right people to see the property.

Single Family Sold Listings: 30 Median Liv. Area SqFt: 2863.5 Median List $: $1,294,000 Median List $/SqFt: $447 Median DOM: 52 Median DTO: 41.5 Median Sale $: $1,232,500 Median Sale $/SqFt: $434

Single Family Temporarily Withdrawn Listings: 4 Median Liv. Area SqFt: 3,127 Median List $: $1,377,000 Median List $/SqFt: $434 Median DOM: 101

Single Family Expired Listings: 12 Median Liv. Area SqFt: 3,857 Median List $: $1,672,000 Median List $/SqFt: $445 Median DOM: 74

Single Family Canceled Listings: 6 Median Liv. Area SqFt: 2,085 Median List $: $870,000 Median List $/SqFt: $397 Median DOM: 85.5

We are in a Seller’s Market with not enough inventory. If someone wants to sell at the market rate they can do so, asking the informed public to pay more than the comps is not a winning strategy. This has been the Newton MA Single Family Market Report Jan 2020

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Westwood MA SF Fall housing report 2018

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Westwood MA SF Fall housing report 2018. 73 properties are listed in MLSPIN today for the last 30 days.  Of those listings there are 48 Active listings, 14 Under Agreement listings, 9 Sold listings and 2 either expired or canceled. These stats indicate Westwood is still a Seller’s market but moving back towards a normal market.  A normal market is defined as one where there is at least 6 months worth of inventory.  With 48 active and 9 being sold we have a little over 5 months inventory.  With 14 UAG, the sales of next month we will have a shorter number of months worth of inventory.  These simple facts do not tell the story.  The market is softening overall, partly because it is that time of the year when it slows down, but also the rising interest rates are shifting the prices in some areas of the town. Let’s look at the actual stats.

westwood MA Home

Single Family Active Listings: 48    Avg. Liv.Area SqFt: 3,603.25     Avg. List$: $1,170,235    Avg. List$/SqFt: $340     Avg. DOM: 99.75     Avg. DTO: 40.38

Single Family Under Agreement Listings: 14    Avg. Liv.Area SqFt: 2,538.57     Avg. List$: $998,964    Avg. List$/SqFt: $420     Avg. DOM: 66.64     Avg. DTO: 39.21

Single Family Sold Listings: 9    Avg. Liv.Area SqFt: 2,527.33     Avg. List$: $968,145    Avg. List$/SqFt: $394     Avg. DOM: 108.56     Avg. DTO: 69.56    Avg. Sale$: $943,833   Avg. Sale$/SqFt: $391

Single Family Expired Listings: 1    Avg. Liv.Area SqFt: 2,212.00     Avg. List$: $759,900    Avg. List$/SqFt: $344     Avg. DOM: 202.00

Single Family Canceled Listings: 1    Avg. Liv.Area SqFt: 2,449.00     Avg. List$: $879,000    Avg. List$/SqFt: $359     Avg. DOM: 147.00

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Looking at just these stats you can say that the average sale home size is a little over 2500 square feet of home.  From list price to sale price we have $968,833-$943,833 Which is a little over 97% list to sale price even though it is taking several months to get the property sold.  Keep in mind these are just stats taken from what actually was on the market in the last 30 days. These prices are always changing with the inventory that moves through them

For more accurate understanding of what your house will do in your neighborhood right now you need to speak to a professional who can provide insight to this information. This has been the Westwood MA SF Fall housing report 2018