There are so many ways to look at meaningful statistics that can provide you valuable information in your due diligence method for valuing homes and real estate in the Dedham, MA 02026, 02027 Single Family Housing Market Reports-February 2011. This report outlines the month of February 2011 in Dedham, MA 02026, 02027 real estate market.
163 Highland Street Dedham
62 Houses Actively on the Market in Dedham, MA 02026, 02027
8 Houses have been Sold in Dedham, MA 02026, 02027
10 Houses Under Agreement in Dedham, MA 02026, 02027
5 Houses have Expired from the market in Dedham, MA 02026, 02027
2 Houses Canceled their listings in Dedham, MA 02026, 02027
It is a buyers market right now. I expect the month of March will see far more houses sold. I also expect far more houses to come on the market in March as well. I will follow the Expired’s and Canceled and report on how many of them will go back on the market next month. I think that will be an interesting statistic for many people. A buyers market is one where we have a lot of houses on the market with not too many sales. The above numbers tell the story one way, let’s get to the dollars and cents.
- 163 Highland Street Dedham Kitchen
$587.571 Active List Price 164.82 Days on Market
$295,713 Sold List Price $283,300 Sold Price or almost 96% of asking price with 77.13 Days on Market
$333,510 Under Agreement List 171.30 Days on Market
$375,400 Expired Listing 133.60 Days on Market
$407,000 Canceled Listing 101.50 Days on Market
It is a buyers market and it seems the market is in and around one million dollars for the most of the activity. Looking at the Days on Market indicates that if you are willing to reduce your price by about 94% you will sell faster, but this is always the case. If something seems like a bargain the buyer is more willing to spend their money. The fact that the Expired Listings lasted on the market probably has more to do with the seller than the listing agent. When this number is below the average days on market we have sellers who want faster action and real estate consultants who are not explaining the process to the seller in a way the understand, or can wait.
Buying a home in any market is a process where a professional approach is most beneficial. On whichever side of the deal you sit using professional skills to value and negotiate the process to the best results for you demands knowledge and experience. Visit Discovering Wellesley, MA on Facebook for more Dedham MA information. This has been the Dedham, MA 02026, 02027 Housing Market Reports for February 2011