Wayland MA Real Estate Market Report 3-20-2013


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Get the latest housing market information from Marilyn Messenger, your local source for buying and selling residential property in Wayland and the towns west of Boston MA.

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Wayland MA Real Estate Market Report 3-20-2013

  1. 1. Wayland MA Real Estate Market Report – March 20, 2013 Presented by Marilyn Messenger, CRS www.MarilynMessenger.comMarilyn Messenger | 508-596-3501 | www.MarilynMessenger.com
  2. 2. Market Snapshot YTDCurrent – of the 47 single-family homes for sale inWayland, 13 already havean accepted offer and arebeing shown for backup.Expired Listings – theaverage time on the marketfor listings that did not sellwas 159 days.Price changes: Pricematters in every market;the avg. price change inWayland was -6.61%. Marilyn Messenger | 508-596-3501 | www.MarilynMessenger.com
  3. 3. The number ofsingle-family homeson the market inWayland is approx.45% less than lastyear at this time.Lower inventorymeans lesscompetition makingthis a good time tolist your house.The number of single-family homes for salein Wayland has dropped substantially. Marilyn Messenger | 508-596-3501 | www.MarilynMessenger.com
  4. 4. The overall supply ofhomes currently forsale in Wayland isapprox. 3.2%.Supply varies byprice-range. Thesupply of homeslisted in the 1M to1.499,999 range isapprox. 8.5 months.Buyers still have anedge in this range. Months of Supply Impact Marilyn Messenger | 508-596-3501 | www.MarilynMessenger.com
  5. 5. Current List Prices List Prices in Wayland range from $279,900 to $11,800,000. The median list price is $850,000; the average is $1,319,319. The price range with the most homes for sale is $1million to $1,499,000 – there are 10. Buyers looking in this range still have some good choices, but the supply is still lower than last year; don’t wait for the competition.Marilyn Messenger | 508-596-3501 | www.MarilynMessenger.com
  6. 6. Buying decisions forsales that closed inFebruary were madeduring the previous 3months - snow wasnot a factor.February 2012 was aleap year – extra day. Closed Sales in February 2013 Marilyn Messenger | 508-596-3501 | www.MarilynMessenger.com
  7. 7. Median Sale Price in FebruaryMarilyn Messenger | 508-596-3501 | www.MarilynMessenger.com
  8. 8. Days on market varyby price range. Theaverage for currentlistings is 162 days;ranging from 1 to613 days.Note: only 1 homeclosed in 2010; DOMnot statisticallysignificant. Average Days on Market for homes sold in February continued to decline Marilyn Messenger | 508-596-3501 | www.MarilynMessenger.com
  9. 9. What does this mean to you? List Now: low inventory means less competition making this a good time to go on the market. Waiting May Cost You – if you wait you may sell for more, but you’ll also pay more for your next home. Be Prepared – be ready to move. Get your financing in order so you can buy your next home. Have a backup plan in case you sell before you find a new home to buy. Price It Right – correct pricing is the key to selling in any market. Even at the peak, houses that were over- priced did not sell. Consult an expert.Marilyn Messenger | 508-596-3501 | www.MarilynMessenger.com
  10. 10. Thank you for viewing my Wayland MA Real Estate Market Report. If you are thinking about buying or selling a home in Wayland or the towns west of Boston, please call me anytime at 508-596-3501 or visit www.marilynmessenger.com to search for homes, sign up for MLS listing updates, and get information to help you start planning your move. Marilyn Messenger CRS, ABR, GRI, Realtor, Broker Connect on Google+Marilyn Messenger | 508-596-3501 | www.MarilynMessenger.com