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Q1 Housing Report - Wayland, Sudbury, etc. + Middlesex County Overview
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Q1 Housing Report - Wayland, Sudbury, etc. + Middlesex County Overview

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Price were up in most places in Middlesex County; overview included. Also, data for Wayland, Sudbury, Maynard, Stow, and Acton.

Wayland: As in most of the towns west of Boston, the Spring housing market iin Wayland is off to a busy start. The number of homes for sale is the lowest it's been in years - only 47 for sale on March 16 compared with 88 last year at the same time - a 45% decline in supply. Check out homes for sale in Wayland at www.marilynmessenger.com.

Overall, there is a 3.2 month supply of single family homes in Wayland right now making this a "sellers' market" while buyers still have an edge in the luxury home market where there is a 8.5 month supply.

Of the 47 on the market, 13 properties already have accepted offers and are staying active for backup offers until contingencies clear.

16 properties have sales pending. There were fewer closed sales in February due to the decline in inventory as the year ended (people who sed papers in February made their buying decisions during December and January). Median sale prices were higher than last year, and time on market dropped to an average of 99 days. (View the slide show for details.)

Low supply is resulting in multiple offers and some homes are selling for over asking price in just a few days. Buyers and sellers in this market need to be prepared and have a solid plan for moving forward. Sellers who are planning to buy need to know where you can go in case your homes sells before you find a new one to buy.

I can navigate you through all of the ins and outs of the buying and/or selling process and make sure you know your options so you can make the decisions that are right for you.

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  • 1. Q1 Housing MarketWayland, Sudbury, Maynard, Stow & Actonand Middlesex County OverviewMarilyn Messenger, CRS, ABR, Realtor508-596-3501Real Estate West of Bostonwww.MarilynMessenger.commarilynmessenger@realtor.comData Source: MLSPIN
  • 2. Sudbury MA 017761 yr. change• Median Price: $693,500 +36.7%• % of Original Price: 93% +1.6%• Closed Sales: 44, +15.8%• Days on Market: 165, - 12%508-596-3501 | marilynmessenger@realtor.com |www.marilynmessenger.com
  • 3. Acton MA 017201 yr. change• Median Price: $542,500, +7.2%• % of Original Price: 96.7% +3.4%• Closed Sales: 28, +21.7%• Days on Market: 121, - 20.3%508-596-3501 | marilynmessenger@realtor.com |www.marilynmessenger.com
  • 4. Maynard MA 017541 yr. change• Median Price: $297,450 +33%%• % of Original Price: 93.7% +8.9%• Closed Sales: 26, 136.4%%• Days on Market: 133, -10%508-596-3501 | marilynmessenger@realtor.com |www.marilynmessenger.com
  • 5. Wayland MA 017781 yr. change• Median Price: $522,500 +3.2%• % of Original Price: 92.5% +2.5%• Closed Sales: 24 -33.3%• Days on Market: 121 - 20.3%508-596-3501 | marilynmessenger@realtor.com |www.marilynmessenger.com
  • 6. Stow MA 017751 yr. change• Median Price: $459,500 +27.6%%• % of Original Price: 94.2% +4.8%• Closed Sales: 14, -6.7%%• Days on Market: 126, - 29.3%508-596-3501 | marilynmessenger@realtor.com |www.marilynmessenger.com
  • 7. Middlesex County All Zip Codes508-596-3501 | marilynmessenger@realtor.com |www.marilynmessenger.com
  • 8. Middlesex County – All Zip Codes508-596-3501 | marilynmessenger@realtor.com |www.marilynmessenger.com
  • 9. Historical Median Sale PriceMedian sale prices in Middlesex County for Q1 reached bottom in 2009 andare on the rebound.508-596-3501 | marilynmessenger@realtor.com |www.marilynmessenger.com
  • 10. Summary• Overall, median prices are up.• Percent of original price received is up.• Time on market is lower than last year.• The number of home sold varies – fewer sales in some towns are aresult of lower inventory.For additional information or to ask about buying or selling a home call508-596-3501 or drop me a note at marilynmessenger@realtor.com.Always happy to help.MarilynMobile-friendly home searches at www.marilynmessenger.com508-596-3501 | marilynmessenger@realtor.com |www.marilynmessenger.com