S&P/Case-Shiller Home Price Indices | Americas – Owes YOU Money!
May 10, 2012
BOLD statement right? Not really. Here’s why … Everyone refers to the Case-Shiller home price index with out the MOST IMPORTANT DISCLAIMER – ALL REAL ESTATE IS LOCAL!! Bold and CAPS? Yes, it’s that serious. Let me explain … A home value is not a commodity like a can of Coke. A can of Coke costs virtually the same any where in the country (unless you’re in-flight). A house is valued differently from town to town and neighborhood to neighborhood – even though it’s basically the same identical house!
So, while people track the Case-Shiller index, (which include new home starts and national sales) they miss the boat – buyers and sellers. Side note: national sales is silly because it’s not local. New home starts is crazy because in New England, specifically Newton, Brookline, Waltham, Watertown, Arlington, Winchester and all surrounding towns, we really do not have available buildable land, there are relatively no new developments.
What is Case-Shiller worth? Nothing! Nothing as it relates to local home values. It’s really better used to understand workforce production and future employment in the housing industry. Why does the index owe you money? If you’re planning to buy: In many Boston area markets, the tides have turned and we are now in a seller’s market … sorry you missed the bottom (although national news states that we might see it sometime this year). Bidding wars on good properties may be causing you to pay a premium. If you’re a seller: You may have missed a tremendous spring market. Now that people are starting to see the strength of the market more properties are being listed – this creates more competition and downward/ stable pressure on pricing.
Real estate is local … call me if you’d like a local analysis and clear understanding of what is happening with the value of your home or neighborhood. I’m always happy to help (and thanks for listening to my rant).
Below are the sales statistics for the Greater Boston Area for the past three months. (Please note this information is based on a three month rolling average/ quarter compiled from single family and condominium sales.)
| First Quarter Real Estate Sales Information for Newton and Greater Boston | Year Over Year % Change | Units Listed | Units Selling Each Month | Average Sale Price 2012 (M) | Average Sale Price 2011 (M) |
| Boston | 7% | 1454 | 361 | $568 | $528 |
| Middlesex County | -2% | 4676 | 960 | $418 | $426 |
| Norfolk County | -6% | 2325 | 491 | $433 | $460 |
| Andover | 8% | 119 | 35 | $557 | $510 |
| Allston | -9% | 21 | 6 | $290 | $316 |
| Arlington | -7% | 87 | 30 | $456 | $490 |
| Bedford | -2% | 47 | 10 | $529 | $538 |
| Belmont | -26% | 66 | 18 | $614 | $773 |
| Billerica | -1% | 132 | 27 | $271 | $275 |
| Brookline | -8% | 175 | 44 | $668 | $721 |
| Brighton | 6% | 71 | 21 | $297 | $279 |
| Burlington | -3% | 59 | 15 | $382 | $395 |
| Cambridge | -1% | 190 | 50 | $581 | $587 |
| Concord | 31% | 114 | 12 | $867 | $602 |
| Lexington | 12% | 141 | 27 | $862 | $760 |
| Lincoln | -3% | 36 | 5 | $770 | $791 |
| Natick | -12% | 111 | 30 | $389 | $435 |
| Needham | 1% | 142 | 26 | $745 | $738 |
| Newton | -6% | 295 | 58 | $764 | $807 |
| Somerville | 7% | 128 | 33 | $415 | $385 |
| Sudbury | 7% | 128 | 16 | $677 | $628 |
| Waltham | 13% | 132 | 35 | $384 | $334 |
| Watertown | 6% | 71 | 20 | $359 | $338 |
| Wayland | 21% | 87 | 17 | $654 | $515 |
| Wellesley | -35% | 126 | 30 | $1,034 | $1,392 |
| Weston | -51% | 85 | 10 | $1,394 | $2,107 |
| West Roxbury | -17% | 120 | 17 | $375 | $438 |
First Quarter Real Estate Sales Information for Newton and Greater Boston
April 15, 2012
Greetings,
Below are the updated sales statistics for Newton and many surrounding towns. Please note, these figures include sales for both single family and condominiums sales in each listed town. The information is based on a 3 month rolling quarter – in this case, we are looking at Q1 of 2012. As you know, real estate is local, so please don’t hesitate to email or call if you have any questions about a specific property or neighborhood – I’d be happy to send you a more specific report.
So, what’s happening in the market? Well, that is a loaded question and it depends on if you are planning to buy or sell. Boston proper continues to be strong with mixed results in the suburbs. Despite the general news media, most markets within the route 95 corridor are considered neutral to seller markets. We are again seeing multiple offer situations on properties that are properly priced and in good condition. Overpriced properties are seeing the greatest general decline in value as buyers quickly identify them as unmotivated sellers and wait for later opportunities (I.e. time to pass) at which point the sellers become more motivated and willing to accept less.
|
First Quarter Real Estate Sales Information for Newton and Greater Boston |
Year Over Year % Change |
Units Listed |
Units Selling Each Month |
Average Sale Price 2012 (M) |
Average Sale Price 2011 (M) |
| Boston |
0% |
1291 |
290 |
$563 |
$562 |
| Middlesex County |
-5% |
3911 |
826 |
$413 |
$433 |
| Norfolk County |
-6% |
2158 |
420 |
$415 |
$438 |
| Andover |
1% |
95 |
28 |
$499 |
$492 |
| Allston |
-4% |
12 |
4 |
$305 |
$317 |
| Arlington |
0% |
73 |
25 |
$449 |
$450 |
| Bedford |
-3% |
42 |
8 |
$517 |
$530 |
| Belmont |
-22% |
71 |
15 |
$611 |
$743 |
| Billerica |
-13% |
124 |
19 |
$266 |
$300 |
| Brookline |
-7% |
169 |
33 |
$687 |
$737 |
| Brighton |
1% |
58 |
16 |
$286 |
$282 |
| Burlington |
3% |
52 |
11 |
$387 |
$375 |
| Cambridge |
-10% |
141 |
40 |
$578 |
$634 |
| Concord |
18% |
97 |
11 |
$908 |
$746 |
| Lexington |
-5% |
106 |
25 |
$773 |
$809 |
| Lincoln |
-7% |
28 |
4 |
$793 |
$850 |
| Natick |
-7% |
102 |
26 |
$389 |
$417 |
| Needham |
-1% |
126 |
19 |
$723 |
$728 |
| Newton |
-16% |
233 |
53 |
$725 |
$839 |
| Somerville |
3% |
97 |
28 |
$403 |
$392 |
| Sudbury |
8% |
104 |
14 |
$641 |
$587 |
| Waltham |
6% |
120 |
31 |
$357 |
$337 |
| Watertown |
-5% |
62 |
15 |
$348 |
$365 |
| Wayland |
12% |
67 |
16 |
$605 |
$532 |
| Wellesley |
-13% |
123 |
21 |
$1,058 |
$1,195 |
| Weston |
-58% |
80 |
9 |
$1,512 |
$2,389 |
| West Roxbury |
-7% |
105 |
17 |
$370 |
$396 |
Is it Really A Buyer’s Market? Newton and Greater Boston See “Seller Market Inventory”
February 10, 2012
Another incredible set of numbers. The Greater Boston area continues to see extremely low inventory levels … levels which typically indicate a seller’s market. Some towns such as Brookline and Weston continue to outpace the market indicating that higher net worth individuals are moving forward with purchase and home sales. More importantly, with low inventory levels, sellers are beginning to realize that they may have the upper hand.
With low interest rates and prices off historic highs, buyers should move quickly – before they realize that the ball is not entirely in their court. (53 new properties were listed yesterday in the Newton, Waltham, Watertown, Arlington and Winchester communities … inventory levels may shift slightly, but with an average 2 month supply of homes, there is a long way to go before we reach levels that typically favor a buyer.)
Please call or email me with any questions about this data or data specific to your neighborhood.
| Towns / Location | Year Over Year % Change | Units Listed | Units Selling Each Month | Average Sale Price 2012 (M) | Average Sale Price 2011 (M) |
| Boston | -11% | 783 | 311 | $539 | $598 |
| Middlesex County | -6% | 2198 | 923 | $420 | $444 |
| Norfolk County | -9% | 1251 | 431 | $422 | $460 |
| Andover | -11% | 67 | 21 | $443 | $492 |
| Allston | 13% | 7 | 3 | $316 | $276 |
| Arlington | -4% | 49 | 33 | $450 | $466 |
| Bedford | 15% | 22 | 8 | $604 | $512 |
| Belmont | 12% | 29 | 12 | $696 | $614 |
| Billerica | -15% | 95 | 23 | $274 | $316 |
| Brookline | 2% | 68 | 36 | $723 | $710 |
| Brighton | 7% | 21 | 17 | $309 | $286 |
| Burlington | 7% | 36 | 16 | $383 | $356 |
| Cambridge | -14% | 54 | 58 | $583 | $665 |
| Concord | -3% | 35 | 14 | $781 | $808 |
| Lexington | 5% | 44 | 29 | $838 | $793 |
| Lincoln | -12% | 10 | 2 | $677 | $755 |
| Natick | -5% | 51 | 33 | $394 | $412 |
| Needham | -9% | 62 | 18 | $760 | $832 |
| Newton | -12% | 126 | 57 | $693 | $775 |
| Somerville | -5% | 54 | 23 | $409 | $431 |
| Sudbury | -2% | 41 | 15 | $602 | $614 |
| Waltham | -2% | 62 | 36 | $339 | $346 |
| Watertown | 1% | 43 | 19 | $385 | $382 |
| Wayland | -27% | 40 | 13 | $570 | $725 |
| Wellesley | -3% | 48 | 17 | $1,045 | $1,081 |
| Weston | 17% | 39 | 8 | $1,730 | $1,430 |
| West Roxbury | -1% | 36 | 20 | $360 | $365 |
The above information is based on the averages for single family and condominium sales during the past three months. Data was taked from the Multiple Listing Service Property Information Network (MLSPIN) for Massachusetts.
Greater Boston Home Sale Prices and Real Estate Statistics
January 1, 2012
Happy New Year and welcome to 2012!
At a quick glance, it would appear that the Greater Boston real estate market is down … and it is down compared the same time last year. However, those who I’ve had the opportunity to personally talk with know that I like to use 2006 as the benchmark for the “best year ever.” So, compared to 2006, we are only down about 6.5% … Boston proper is UP a whopping 20% and Middlesex and Norfolk counties are collectively down about 10%.
The interesting thing is that some towns are still hitting it out of the park (I.e. Brookline, Lexington, Needham, Weston) while most are simply chugging along at a normal pace. Also, interest rates continue to remain at record lows and inventories are extremely low (“seller market” levels) with the typical absorption rate slightly less than 2 months.
Buyers are itching for fresh inventory, so if you are planning to sell, now is the time to start your planning. Call me today for a custom analysis of your home and neighborhood. (It’s important to note, homes must be in showroom condition to command top dollar. Although inventories remain low, buyers still perceive the market as a buyers market – in this case, perception creates reality.)
| Towns / Location | Year Over Year % Change | Units Listed | Units Selling Each Month | Average Sale Price 2011 (M) | Average Sale Price 2010 (M) |
| Boston | -6% | 604 | 309 | $548 | $579 |
| Middlesex County | -5% | 1897 | 940 | $418 | $439 |
| Norfolk County | -5% | 1119 | 433 | $430 | $450 |
| Andover | -13% | 51 | 22 | $456 | $514 |
| Allston | 23% | 4 | 3 | $324 | $249 |
| Arlington | -6% | 41 | 35 | $451 | $477 |
| Bedford | 7% | 13 | 10 | $551 | $511 |
| Belmont | -4% | 16 | 16 | $635 | $660 |
| Billerica | -12% | 62 | 24 | $283 | $317 |
| Brookline | 7% | 48 | 35 | $736 | $683 |
| Brighton | 5% | 9 | 17 | $295 | $280 |
| Burlington | 0% | 27 | 18 | $379 | $379 |
| Cambridge | -11% | 51 | 59 | $578 | $640 |
| Concord | 2% | 30 | 15 | $798 | $786 |
| Lexington | 15% | 37 | 27 | $839 | $717 |
| Lincoln | 7% | 7 | 4 | $777 | $719 |
| Natick | -14% | 58 | 39 | $384 | $437 |
| Needham | 3% | 58 | 20 | $805 | $782 |
| Newton | -8% | 81 | 52 | $678 | $733 |
| Somerville | 1% | 61 | 27 | $423 | $418 |
| Sudbury | -17% | 41 | 14 | $591 | $692 |
| Waltham | -3% | 63 | 32 | $351 | $362 |
| Watertown | 5% | 35 | 18 | $395 | $377 |
| Wayland | -6% | 39 | 9 | $623 | $658 |
| Wellesley | 3% | 36 | 17 | $1,120 | $1,086 |
| Weston | 18% | 18 | 8 | $1,536 | $1,261 |
| West Roxbury | -13% | 42 | 19 | $347 | $391 |
* All data is taken from the MA Multiple Listing Service (Property Information Network). Data is compiled based on a rolling 3-month period review of condominiums and single family properties.
Home Price Statistics for Newton, Brookline, Waltham & Surrounding Communities
December 15, 2011
Wow!! It’s already December (thankfully we haven’t really had to deal with snow yet – if you can block the Oct. storm out fo your memory). On average, we’re still down 3% – 4% compared to last year and 7% – 10% compared to “the best market ever” – 2006. I’ll be posting separately regarding the 2011 market, but to sum it up … price and condition were king, and in some cases, location even won over price. Inventories are low right now, interest rates are freakishly low and buyers are starving for fresh inventory. Being an election year, 2012 will not likely offer much of a change (price-wise); however, pent up demand will definitely cause well positioned property to move quickly.
As always, these numbers are merely averages (for single and condominium sales), so call or email me if you would like information specific to your neighborhood or home. I look forward to being of service.
All the best for you this holiday season and throughout 2012!
| Towns / Location | Year Over Year % Change | Units Listed | Units Selling Each Month | Average Sale Price 2011 (M) | Average Sale Price 2010 (M) |
| Boston | -1% | 845 | 322 | $545 | $548 |
| Middlesex County | -5% | 2598 | 1,038 | $417 | $436 |
| Norfolk County | -6% | 1569 | 482 | $429 | $454 |
| Andover | -3% | 81 | 26 | $501 | $516 |
| Allston | 35% | 7 | 4 | $328 | $213 |
| Arlington | -3% | 54 | 38 | $457 | $471 |
| Bedford | -6% | 18 | 11 | $523 | $552 |
| Belmont | -14% | 35 | 18 | $627 | $715 |
| Billerica | -7% | 65 | 24 | $292 | $313 |
| Brookline | 2% | 85 | 38 | $754 | $742 |
| Brighton | -23% | 21 | 16 | $266 | $326 |
| Burlington | -6% | 33 | 16 | $389 | $413 |
| Cambridge | -11% | 90 | 61 | $549 | $608 |
| Concord | -2% | 45 | 16 | $762 | $777 |
| Lexington | 20% | 57 | 27 | $815 | $656 |
| Lincoln | -14% | 17 | 5 | $830 | $949 |
| Natick | -16% | 74 | 46 | $390 | $452 |
| Needham | 11% | 85 | 20 | $810 | $722 |
| Newton | -8% | 138 | 57 | $693 | $745 |
| Somerville | -3% | 90 | 28 | $411 | $425 |
| Sudbury | -16% | 49 | 18 | $595 | $690 |
| Waltham | -3% | 84 | 34 | $359 | $369 |
| Watertown | 1% | 52 | 21 | $413 | $408 |
| Wayland | -10% | 53 | 14 | $613 | $672 |
| Wellesley | 14% | 68 | 19 | $1,138 | $983 |
| Weston | 1% | 28 | 8 | $1,270 | $1,261 |
| West Roxbury | -10% | 58 | 21 | $355 | $392 |
Newton Home Sale Statistics
November 22, 2011
The below statistics are based on publicly marketed properties (single family properties only) in each of the 13 Newton Villages. The information is based on a rolling six month timeframe. The reasoning for this floating timeframe … it allows for a reasonable data set, it’s based on a “normal balanced market” and it’s the approximate average market absorption timeframe.
Real estate is extremely local in Newton, MA. As you can see below, each village provides a very different price range. Please feel free to call or email me if you would like to drill down deeper to determine the potential market value of your home – and how to maximize it in today’s market. I always welcome questions and feedback.
| Newton Villages | Year Over Year % Change | Units Listed | Units Selling Each Month | Average Sale Price 2011 (M) | Average Sale Price 2010 (M) |
| Middlesex County | -1% | 3,029 | 1,096 | $435 | $440 |
| Newton – Total /Average | -2% | 178 | 67 | $729 | $740 |
| Auburndale | -2% | 7 | 4 | $668 | $683 |
| Chestnut Hill | -40% | 7 | 2 | $1,299 | $1,825 |
| Lower Falls | -9% | 5 | 0 | $708 | $775 |
| Newton Center | 8% | 22 | 7 | $1,079 | $994 |
| Newton Corner | 7% | 10 | 4 | $974 | $903 |
| Newton Highlands | 1% | 13 | 5 | $755 | $744 |
| Newtonville | -16% | 16 | 3 | $744 | $863 |
| Nonantum | 43% | 6 | 1 | $640 | $364 |
| Oak Hill | 5% | 30 | 9 | $885 | $841 |
| Thompsonville | -2% | 7 | 3 | $669 | $684 |
| Upper Falls | -24% | 3 | 1 | $500 | $618 |
| Waban | 4% | 16 | 6 | $1,020 | $977 |
| West Newton | -23% | 38 | 7 | $722 | $891 |
Keep an eye out for more information on each Village. Over the coming months, I will be more clearly defining each village and providing market trend information. (To my knowledge, because of the way that our MLS is designed, this information is not available on any other website.)
Greater Boston Area Home Sale Statistics
November 21, 2011
Greetings,
I hope you have been enjoying the beautiful weather that we’ve been having! With Thanksgiving just a few days away, we are quickly approaching the new year! Please let me know if you have any questions about the below information. As always, the data represents single family and condominium statistics for each town using a “rolling quarter.” (Period ending 11/8/2011) Although these trends are useful, please feel free to call or email me if you have specific questions about your neighborhood. (A home analysis is much more specific and will typically only include similar properties to the subject property.)
| Towns / Location | Year Over Year % Change | Units Listed | Units Selling Each Month | Average Sale Price 2011 (M) | Average Sale Price 2010 (M) |
| Boston | 3% | 976 | 373 | $538 | $521 |
| Middlesex County | -1% | 3029 | 1,096 | $435 | $440 |
| Norfolk County | -0% | 1771 | 534 | $453 | $455 |
| Andover | -7% | 95 | 33 | $527 | $562 |
| Allston | 24% | 8 | 6 | $320 | $244 |
| Arlington | -5% | 63 | 40 | $456 | $477 |
| Bedford | -2% | 28 | 12 | $549 | $560 |
| Belmont | -8% | 45 | 22 | $627 | $677 |
| Billerica | -10% | 82 | 25 | $284 | $311 |
| Brookline | -1% | 106 | 51 | $710 | $716 |
| Brighton | -17% | 35 | 23 | $269 | $316 |
| Burlington | -9% | 49 | 15 | $400 | $434 |
| Cambridge | -8% | 104 | 68 | $533 | $574 |
| Concord | -6% | 57 | 21 | $800 | $846 |
| Lexington | 14% | 83 | 32 | $817 | $699 |
| Lincoln | -13% | 18 | 5 | $851 | $958 |
| Natick | -3% | 87 | 45 | $408 | $419 |
| Needham | 12% | 86 | 27 | $830 | $727 |
| Newton | -2% | 178 | 67 | $729 | $740 |
| Somerville | 2% | 110 | 37 | $403 | $394 |
| Sudbury | -7% | 54 | 18 | $658 | $703 |
| Waltham | -3% | 89 | 34 | $359 | $368 |
| Watertown | 2% | 58 | 16 | $424 | $417 |
| Wayland | 1% | 64 | 16 | $592 | $587 |
| Wellesley | 29% | 92 | 22 | $1,287 | $915 |
| Weston | -1% | 45 | 11 | $1,229 | $1,245 |
| West Roxbury | -17% | 74 | 21 | $338 | $397 |
Data provided by MA Multiple Listing Service Property Information System (MLSPIN)
Greater Boston Real Estate Statistics – Including Newton, Brookline Waltham & Surrounding Communities
October 17, 2011
How’s the market? It really depends …
As always, real estate is local and so are market conditions. Generally speaking, the real estate market is great if you’re a buyer. I strongly believe that countless people will be kicking themselves 3, 5 and 10 years from now when they realize the missed opportunity in the way of historically low interest rates and general housing prices. (By the way, if you’re a buyer waiting for the market to bottom out, you missed it. Some areas are far exceeding the prices of 2006. For example, Brookline, MA has an average sale price that is approximately 18% higher than the “peek” prices of 2006!)
Sellers are having a more competitive time. To win in this market, you basically need to have your home in top condition and showcase ready. Otherwise, you will sit. Buyers are very picky, a bad layout or property that needs too much work can be the kiss of death. Call or email me for a comprehensive “preparing your home” checklist. I’m also available for no obligation pricing analysis.
The below information is taken from the Multiple Listing Service (MLS PIN) for the period ending 10/7/2011 – based on a rolling 3-month quarter. Averages are based on the compilation of single family and condominium statistics. I welcome you to share your thoughts, opinions and questions.
Have a great October!
| Towns / Location | Year Over Year % Change | Units Listed | Units Selling Each Month | Average Sale Price 2011 (M) | Average Sale Price 2010 (M) |
| Boston | 3% | 1095 | 437 | $539 | $521 |
| Middlesex County | -1% | 3560 | 1,286 | $459 | $464 |
| Norfolk County | 4% | 1932 | 635 | $504 | $483 |
| Andover | -5% | 98 | 41 | $542 | $569 |
| Allston | 19% | 7 | 8 | $325 | $262 |
| Arlington | -11% | 82 | 55 | $456 | $508 |
| Bedford | -14% | 36 | 14 | $544 | $618 |
| Belmont | -1% | 46 | 27 | $692 | $697 |
| Billerica | -7% | 107 | 27 | $286 | $306 |
| Brookline | 7% | 136 | 73 | $847 | $784 |
| Brighton | -11% | 46 | 27 | $274 | $304 |
| Burlington | -2% | 56 | 15 | $415 | $422 |
| Cambridge | -8% | 124 | 91 | $543 | $584 |
| Concord | 0% | 60 | 22 | $810 | $806 |
| Lexington | 8% | 107 | 41 | $824 | $757 |
| Lincoln | 3% | 24 | 6 | $981 | $951 |
| Natick | 2% | 104 | 49 | $424 | $417 |
| Needham | -0% | 98 | 35 | $794 | $795 |
| Newton | -6% | 223 | 86 | $755 | $803 |
| Somerville | 4% | 110 | 49 | $416 | $399 |
| Sudbury | 7% | 73 | 26 | $720 | $669 |
| Waltham | -1% | 110 | 40 | $364 | $366 |
| Watertown | -5% | 58 | 17 | $400 | $420 |
| Wayland | 4% | 61 | 19 | $643 | $617 |
| Wellesley | 26% | 103 | 30 | $1,280 | $948 |
| Weston | -6% | 42 | 14 | $1,223 | $1,296 |
| West Roxbury | -4% | 76 | 25 | $362 | $378 |
Newton MA Real Estate & Greater Boston Sales Statistics
September 9, 2011
Greetings, I hope this post finds you well!
Fall is in the air and the real estate market (prices) is all over the place. Some towns are doing extremely well while other are doing worse than ever. Take a look and let me know if you have any questions. As always, I am happy to prepare a custom report for your home or neighborhood. Also, keep an eye out for the first ever Newton Village Report. It will outline the price averages by village – until now, brokerages have only achieved this by ZIP code comparison – my analysis will drill down to the street level.
Call or email me anytime – I’d love to hear from you!
|
Towns / Location |
Year Over Year % Change |
Units Listed |
Units Selling Each Month |
Average Sale Price 2011 (M) |
Average Sale Price 2010 (M) |
| Boston |
4% |
1063 |
508 |
$545 |
$521 |
| Middlesex County |
0% |
3555 |
1,430 |
$477 |
$475 |
| Norfolk County |
3% |
1846 |
689 |
$515 |
$502 |
| Andover |
-3% |
118 |
46 |
$560 |
$579 |
| Allston |
12% |
11 |
10 |
$315 |
$277 |
| Arlington |
-5% |
83 |
61 |
$477 |
$503 |
| Bedford |
-9% |
37 |
15 |
$568 |
$621 |
| Belmont |
1% |
30 |
29 |
$702 |
$693 |
| Billerica |
2% |
119 |
28 |
$296 |
$291 |
| Brookline |
9% |
116 |
90 |
$824 |
$749 |
| Brighton |
-1% |
46 |
32 |
$276 |
$280 |
| Burlington |
-3% |
56 |
18 |
$401 |
$413 |
| Cambridge |
-7% |
129 |
108 |
$576 |
$617 |
| Concord |
-14% |
59 |
28 |
$803 |
$917 |
| Lexington |
0% |
95 |
55 |
$816 |
$813 |
| Lincoln |
14% |
19 |
5 |
$985 |
$850 |
| Natick |
8% |
97 |
51 |
$447 |
$413 |
| Needham |
-1% |
74 |
39 |
$776 |
$780 |
| Newton |
-1% |
186 |
103 |
$768 |
$777 |
| Somerville |
3% |
102 |
61 |
$414 |
$401 |
| Sudbury |
11% |
60 |
29 |
$754 |
$674 |
| Waltham |
-4% |
108 |
45 |
$364 |
$378 |
| Watertown |
-10% |
58 |
24 |
$368 |
$403 |
| Wayland |
-2% |
57 |
20 |
$646 |
$657 |
| Wellesley |
11% |
84 |
40 |
$1,216 |
$1,081 |
| Weston |
2% |
56 |
17 |
$1,212 |
$1,192 |
| West Roxbury |
-7% |
68 |
32 |
$375 |
$403 |
July Real Estate Market Statistics for Newton, Brookline & Greater Boston
July 11, 2011
Greetings, I hope you are having a terrific Summer! Below is an updated snapshot of our marketplace. Please let me know if you have any specific questions or would like me to include a new area. You’ll see that Norfolk County is now included …
As always, please feel free to call or email me anytime!
|
Towns / Location |
Year Over Year % Change |
Units Listed |
Units Selling Each Month |
Average Sale Price 2011 (M) |
Average Sale Price 2010 (M) |
| Boston |
10% |
1546 |
466 |
$547 |
$493 |
| Middlesex County |
3% |
4524 |
1,239 |
$460 |
$445 |
| Norfolk County |
1% |
2403 |
590 |
$490 |
$486 |
| Andover |
-1% |
141 |
34 |
$521 |
$528 |
| Allston |
9% |
25 |
8 |
$303 |
$276 |
| Arlington |
2% |
109 |
49 |
$482 |
$473 |
| Bedford |
-8% |
52 |
11 |
$577 |
$623 |
| Belmont |
8% |
58 |
26 |
$724 |
$663 |
| Billerica |
0% |
127 |
26 |
$302 |
$301 |
| Brookline |
4% |
170 |
76 |
$750 |
$719 |
| Brighton |
-9% |
88 |
26 |
$288 |
$315 |
| Burlington |
-4% |
63 |
16 |
$402 |
$419 |
| Cambridge |
1% |
209 |
88 |
$579 |
$571 |
| Concord |
-9% |
83 |
23 |
$723 |
$785 |
| Lexington |
0% |
105 |
47 |
$819 |
$816 |
| Lincoln |
-11% |
30 |
5 |
$991 |
$1,098 |
| Natick |
9% |
115 |
47 |
$445 |
$406 |
| Needham |
-1% |
111 |
37 |
$769 |
$780 |
| Newton |
10% |
265 |
79 |
$806 |
$722 |
| Somerville |
3% |
151 |
43 |
$403 |
$391 |
| Sudbury |
7% |
97 |
22 |
$714 |
$661 |
| Waltham |
-6% |
157 |
43 |
$366 |
$387 |
| Watertown |
3% |
75 |
27 |
$373 |
$362 |
| Wayland |
-9% |
80 |
19 |
$606 |
$660 |
| Wellesley |
8% |
113 |
38 |
$1,207 |
$1,106 |
| Weston |
-22% |
69 |
13 |
$1,142 |
$1,395 |
| West Roxbury |
-1% |
93 |
27 |
$406 |
$410 |
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