1. RE/MAX LEADING EDGE
MONTHLY REAL ESTATE REPORT
NOVEMBER REAL ESTATE MARKET REPORT
Arlington
10.1% Increase
in Median Sale Price since
January!
!
The market is slowing down in terms of
available inventory. We’re seeing some new
buyers coming out to shop for a Spring
2015 purchase.
Under $1m remains hot and selling
quickly.
L
Seller’s!
Market! !!!!!!!!!!
Even!
Market! !!!!!!!!!!
Buyers!
Market
Source: Single-family home Median Sales Price data extracted on (11/4/14) via
imaxwebsolutions.com!
Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14
2. RE/MAX LEADING EDGE
MONTHLY REAL ESTATE REPORT
NOVEMBER REAL ESTATE MARKET REPORT
Back Bay
17% Increase
in Median Sale Price since January!
Seller’s!
Market! !!!!!!!!!!
Even!
Market! !!!!!!!!!!
Buyers!
Market
It’s a very hot market with properties
selling quickly for an average of 96%
of list price. The higher end of the
market, however ( $4 million listings)
are languishing on the market, with
some over 300 days on market.
Source: Condo Median Sales Price data extracted on (11/4/14) via imaxwebsolutions.Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14
3. RE/MAX LEADING EDGE
MONTHLY REAL ESTATE REPORT
NOVEMBER REAL ESTATE MARKET REPORT
Lexington
7.8% Increase
in Median Sale Price Since
January!
!
The Lexington market can be
described as a “Tale of Two Cities”.
Properties priced under $1.3 million
are flying off the market with
multiple offers. Buyers find much
more favorable conditions in the
$1.5 million price point and higher.
L
Seller’s!
Market! !!!!!!!!!!
Even!
Market! !!!!!!!!!!
Buyers!
Market
Source: Single-family home Median Sales Price data extracted on (11/4/14) via
imaxwebsolutions.com!
Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14
4. RE/MAX LEADING EDGE
MONTHLY REAL ESTATE REPORT
NOVEMBER REAL ESTATE MARKET REPORT
5.8% Decrease
in Median Sale Price since
January
Lynnfield still lacks inventory to
meet the demand. However,
buyers are finding it easier to buy
this Fall compared to last Spring.
!
Lynnfield
Seller’s!
Market! !!!!!!!!!!
Even!
Market! !!!!!!!!!!
Buyers!
Market
Source: Single-family home Median Sales Price data extracted on (11/4/14) via
imaxwebsolutions.com!
Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14
5. RE/MAX LEADING EDGE
MONTHLY REAL ESTATE REPORT
NOVEMBER REAL ESTATE MARKET REPORT
Melrose
13.8% Increase
in Median Sale Price since
January!
!
The Melrose market seems to be slowing
for smaller properties that need work or
properties that are over-priced. The
'move up' properties, 2400+ sq. ft. are in
high demand with one recently receiving
14 offers!
L
Seller’s!
Market! !!!!!!!!!!
Even!
Market! !!!!!!!!!!
Buyers!
Market
Source: Single-family home Median Sales Price data extracted on (11/4/14) via
imaxwebsolutions.com!
Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14
6. RE/MAX LEADING EDGE
MONTHLY REAL ESTATE REPORT
NOVEMBER REAL ESTATE MARKET REPORT
Newton
8.8% Decrease
in Median Sale Price since
January
!
The 'starter homes' market in
Newton still remains brisk but the
luxury market has slowed since the
Spring; entering a typical seasonal-type
L
Seller’s!
Market! !!!!!!!!!!
Even!
Market! !!!!!!!!!!
Buyers!
Market
market with the holidays
approaching.
Source: Single-family home Median Sales Price data extracted on (11/4/14) via
imaxwebsolutions.com!
Prior Period: 1/1/14-1/314/14 Current Period: 10/4/14 - 11/4/14
7. RE/MAX LEADING EDGE
MONTHLY REAL ESTATE REPORT
NOVEMBER REAL ESTATE MARKET REPORT
North Reading
1.2% Increase
in Median Sale Price since January
!
We have noticed a drop off in activity in
appointments and open houses.
However, it’s still a good time to sell as
most sellers are considering a Springtime
move.
L
Seller’s!
Market! !!!!!!!!!!
Even!
Market! !!!!!!!!!!
Buyers!
Market
Source: Single-family home Median Sales Price data extracted on (11/4/14) via
imaxwebsolutions.com!
Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14
8. RE/MAX LEADING EDGE
MONTHLY REAL ESTATE REPORT
NOVEMBER REAL ESTATE MARKET REPORT
Reading
18.4% Decrease
in the Median Sale Price since
January
!
!
A small sample is the reason for the
18.4% decrease in median sales price
as values have risen since January. It’s
still a seller's market but things are
slowing down a bit. Instead of 8
offers on a hot property there are
only 1 or 2 now.
L
Seller’s!
Market! !!!!!!!!!!
Even!
Market! !!!!!!!!!!
Buyers!
Market
Source: Single-family home Median Sales Price data extracted on (11/4/14) via
imaxwebsolutions.com!
Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14
9. RE/MAX LEADING EDGE
MONTHLY REAL ESTATE REPORT
NOVEMBER REAL ESTATE MARKET REPORT
Somerville
39% Increase
in Median Sale Price since
January!
!
With holidays approaching, inventory
is decreasing but demand is still
there. Open houses are still very busy
and properties that are priced
correctly sell with multiple offers.
L
Seller’s!
Market! !!!!!!!!!!
Even!
Market! !!!!!!!!!!
Buyers!
Market
Source: Condo Median Sales Price data extracted on (11/4/14) via imaxwebsolutions.Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14
10. RE/MAX LEADING EDGE
MONTHLY REAL ESTATE REPORT
NOVEMBER REAL ESTATE MARKET REPORT
Wakefield
6.1% Increase
in Median Sale Price since
January!
!!
Inventory remains tight, but buyers are
finding they stand a better chance of
buying a home as the bidding wars
have slowed down.
L
Seller’s!
Market! !!!!!!!!!!
Even!
Market! !!!!!!!!!!
Buyers!
Market
Source: Single-family home Median Sales Price data extracted on (11/4/14) via
imaxwebsolutions.com!
Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14
11. RE/MAX LEADING EDGE
MONTHLY REAL ESTATE REPORT
NOVEMBER REAL ESTATE MARKET REPORT
Watertown
3% Increase
in Median Sale Prices since
January!
!
The market is steady but properties are
moving at a much slower pace than they
were in the Spring. We then saw the
market return to more of a seasonal
market in July and August. Good news
for first time home buyers, finally some
inventory from which to choose!
L
Seller’s!
Market! !!!!!!!!!!
Even!
Market! !!!!!!!!!!
Buyers!
Market
Source: Single-family home Median Sales Price data extracted on (11/4/14) via
imaxwebsolutions.com!
Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14
12. RE/MAX LEADING EDGE
MONTHLY REAL ESTATE REPORT
NOVEMBER REAL ESTATE MARKET REPORT
Winchester
17.3% Decrease
in Median Sale Prices since
January
!
The decrease is more reflective of the
limited sample of houses sold rather than
actual value. Insulated from typical real
estate market ebbs and flows, Winchester
consistently remains as a destination for
those in Metro Boston. However, the
market has slowed a bit since the peak in
Springtime.
L
Seller’s!
Market! !!!!!!!!!!
Even!
Market! !!!!!!!!!!
Buyers!
Market
Source: Single-family home Median Sales Price data extracted on (11/4/14) via
imaxwebsolutions.com!
Prior Period: 1/1/14-1/31/14 Current Period: 10/4/14 - 11/4/14
