Weston and Wellesley, MA Market Statistics – 2010
Before we get to the numbers… I have a question… raise your hand if you went to the gym Monday morning (January 3rd)? Was the parking lot jammed with no spot to be had? It is funny how “working out more” always makes people’s lists of New Year’s resolutions. For all you gym regulars – don’t worry – by the end of February, the parking lots will be a lot less crowded. With that said, I am a big fan of resolutions. It is a great way to set goals for yourself and evaluate your progress at the end of the year. Don’t forget to add “cleaning out your closets”, “getting rid of the piles of mail” and “organizing your cabinets” to your 2011 list. Get rid of the clutter! It is a new year, so start out organized. Even if you have no intention of putting your home on the market this year, you will enjoy having a clean, organized home.
| 2010 market statistics for Wellesley: | |||
| 2010 | 2009 | YoY % Change | |
| Single-family listings sold | 304 | 267 | +14% |
| Average Days on Market | 124 | 118 | (5)% |
| Average Sales Price | $1,106,015 | $1,154,302 | (4)% |
| 2010 market statistics for Weston: | |||
| 2010 | 2009 | YoY % Change | |
| Single-family listings sold | 114 | 100 | +14% |
| Average Days on Market | 182 | 167 | (9)% |
| Average Sales Price | $1,314,860 | $1,388,509 | (5)% |
Those are just some simple statistics for single-family listings in Wellesley and Weston. Activity was surprisingly up last year in terms of number of homes sold, but not surprisingly, the average price was lower. Obviously, these are just a few high-level figures, and you can’t read too much into them. The price declines might seem discouraging if you are/were thinking of putting your home on the market, but given how hard it is to predict the market’s short-term movements, there are actually some good reasons to think about listing now. Rates remain incredibly low, and the potential buyer pool usually increases in the Winter/Spring. In addition to the normal seasonal up-tick, the past two years have seen an increase in people selling their homes and renting until the market settled out a bit. As a result, there is some amount of pent-up buyers waiting to re-enter the “home-ownership” market. Why can’t it be your home that receives all the attention when they do? If you are ready to take the plunge, then be sure to take a look at my previous post about getting your home market ready.
If you want any additional information or get more detailed market statistics, please don’t hesitate to contact me.
