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Wayland MA 01778 Single Family Housing Report Feb 2012

March 12, 2012 By Leave a Comment
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4 Windy Hill Road, Wayland, MA 01778

More homes have come on the market in Wayland.  It seems as though the people who were waiting for the Spring market have jumped into action. With 102 properties listed in Wayland and 82 of them Active sales there is lots of inventory to review.  Days on Market are still way high for this town.  it is good to see the Sold DOM is considerably lower than the Active’s and Under Agreement listings.  The other thing to notice here is that the homes that were sold are a bit smaller than the average home for sale in the town.

Single Family Active Listings: 82    Avg. Liv.Area SqFt: 3,655.34     Avg. List$: $1,150,237    Avg. List$/SqFt: $280     Avg. DOM: 186.99   

Single Family Under Agreement Listings: 9    Avg. Liv.Area SqFt: 3,446.00     Avg. List$: $783,678    Avg. List$/SqFt: $230     Avg. DOM: 239.44

Single Family Sold Listings: 8    Avg. Liv.Area SqFt: 2,031.75     Avg. List$: $568,950    Avg. List$/SqFt: $263     Avg. DOM: 127.88    Avg. Sale$: $529,125   Avg. Sale$/SqFt: $245

4 Windy Hill Road, Wayland, MA 01778

A 93% List Price to Sale Price differential is a good one.  In Milton last month this number was 82%.  Since it is a buyers market still it is not surprising to see the price under the list price, although I have heard some stories recently about homes with multiple bidders and the homes being sold above the list price.  Getting your home ready for sale and looking just right, putting the right price on the home will get your home sold. Work with a professional to accomplish this goal.

Single Family Expired Listings: 1    Avg. Liv.Area SqFt: 1,452.00     Avg. List$: $369,900    Avg. List$/SqFt: $255     Avg. DOM: 175.00

Single Family Canceled Listings: 2    Avg. Liv.Area SqFt: 4,174.50     Avg. List$: $1,099,000    Avg. List$/SqFt: $291     Avg. DOM: 428.00   

Listing Price: 1695000
Address: 4 Windy Hill Lane
City: Wayland
State: MA
ZIP: 01778
MLS # (if any): 71234473
Square Feet: 6858
Bedrooms: 5
Bathrooms: 5F 1H
Basement (full, 1/2, finished, unfinished): Partial finish

Filed Under: Archive, Boston, boston homes for sale, Featured, Featured Post, good schools, MA, Market Report, single family homes, Wayland Tagged With: , , , ,

West Roxbury Single Family Home Move In Ready.

February 28, 2012 By Leave a Comment
44LaSell_Front

44 LaSell St, West Roxbury, MA Single Family Home for sale

West Roxbury is a part of Boston and is served by the Boston Public Schools.  It also has a variety of other options for education including, parochial, charter and private.  Close to the city through public transportation it is also close to downtown through a highway system.  West Roxbury has little neighborhoods and 44 LaSell Street is in a neighborhood of nice homes close to the VFW Parkway and the route to Metro West so close at hand.

People who move to West Roxbury tend to stay and raise families in West Roxbury.  44 LaSell Street is close to public transportation by bus and by train.  You are right across the street from privately owned open space.  As with all the corners of Boston, West Roxbury has a wonderful collection of small businesses catering to the neighborhood families.  A nice collection of restaurants give you an alternative to driving back into the city, or a reason to come home early.

44 LaSell Street, West Roxbury, MA, in-law apartment

This home comes with some disclosures. The ceiling in the basement was damaged last winter when the pipes froze. The pipes were repaired, the ceiling was not.  Carpet was removed after the leak exposing old tile.  In the garage there is water seeping through the walls below grade.

The set of stairs up to the second floor where the two bedrooms are is very steep.  Known to some in the real estate business as “pirate’s steps”  steep and high, like the steps inside a ship.

The house has great bones and sits inside a great neighborhood.  At this point in the market you could use a 203K loan to do what minor repairs, or do a bit more.  Several builders and a fireman or two have been through to size the property up.  The living room, dining room area is great with wonderful light.  The kitchen was updated a couple of years ago.  The master bedroom has a wonderful closet that was built in.  That is an asset.  In the former bedroom, now office off the very large deck in the back yard is where the space for the over-sized closet is in the master bedroom. This closet was taken away.

Listing Price: 345000
Address: 44 LaSell St
City: West Roxbury
State: MA
ZIP: 02132
MLS # (if any): 71309893
Square Feet: 1199
Bedrooms: 3
Bathrooms: 2F
Basement (full, 1/2, finished, unfinished): Finished

Filed Under: Boston, Featured, Featured Post, MA, reduced price, single family homes, single family homes for sale, Video, West Roxbury, west roxbury homes for sale Tagged With: , , , , , , , , , , ,

Wayland, MA 01778 Single Family Housing Report Dec 2011

January 5, 2012 By Leave a Comment
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Wayland does not have city sewer

The news has been overall good the last month or so.  The National Association of Realtors, Mass association and Realtors and several other sources are reporting good statistics for the country.  The Boston Area has done better through this downturn than most of the country, but these numbers last month for Wayland are dismal.  With the Days on Market going up and up in almost all categories is not great news.  Looking at the average list price of $1,408,863 and the sales and under agreement prices of $591,557 and $757000 you can see why some properties are just sitting.

 

Single Family Active Listings: 71    Avg. Liv.Area SqFt: 3,887.76     Avg. List$: $1,408,863    Avg. List$/SqFt: $285     Avg. DOM: 227.52   

Single Family Under Agreement Listings: 7    Avg. Liv.Area SqFt: 2,202.86     Avg. List$: $591,557    Avg. List$/SqFt: $259     Avg. DOM: 372.71   

Single Family Sold Listings: 7    Avg. Liv.Area SqFt: 3,212.14     Avg. List$: $757,700    Avg. List$/SqFt: $250     Avg. DOM: 194.71    Avg. Sale$: $716,786   Avg. Sale$/SqFt: $240

 

14 Overlook Rd, Wayland, MA 01776

The average List Price to Sales Price is a healthy 94% which is considerably higher than Weston’s 85% for last month, but I just don’t like the time on market.  If you agent is not agressively marketing your property in this market then you need a new agent.  You can not afford to be invisible in this market these days.  It is unacceptable to be listing and praying.  You need a healthy dose of blogs, video and internet outreach to attract the buyers who do not wait to find an agent who knows the area to show them properties. They are looking on line first and that is where you need to have your property.

Single Family Expired Listings: 8    Avg. Liv.Area SqFt: 3,964.25     Avg. List$: $1,101,500    Avg. List$/SqFt: $278     Avg. DOM: 375.75   

Filed Under: Boston, Featured, Featured Post, MA, Market Report, Wayland Tagged With: , , , , ,

Wayland, MA 01778 Single Family Housing Report November 2011

December 1, 2011 By Leave a Comment
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Wayland, MA 01778 Single Family Housing Report November 2011 had 101 listings in the Active, Under Agreement, Sold, Expired and Canceled categories. This is down from last month.  The media is continuing to talk all over the map about the real estate industry.  In some reports it is up and in others it is doom and gloom.  The question is who are you to believe?  I think you need to believe in your local numbers and so here they are.

 

14 Overlood Road, Wayland, MA 01778

Single Family Active Listings: 77    Avg. Liv.Area SqFt: 3,894.35     Avg. List$: $1,399,796    Avg. List$/SqFt: $289     Avg. DOM: 237.65

Single Family Under Agreement Listings: 7    Avg. Liv.Area SqFt: 2,262.86     Avg. List$: $538,286    Avg. List$/SqFt: $236     Avg. DOM: 156.43 

Single Family Sold Listings: 4    Avg. Liv.Area SqFt: 2,689.00     Avg. List$: $706,725    Avg. List$/SqFt: $260     Avg. DOM: 159.50    Avg. Sale$: $665,000   Avg. Sale$/SqFt: $246

In this Active, UAG and Sold category we see the trend continuing of more houses on the market than in any other category. The Days on Market is still going up. The average List Price to Sale Price is around 94% which is not so bad. The key to selling your home is being realistic to what the market pressures are right now.  It is a buyers market.  If you have your property on the market at too high a price you will not have anyone who will even look at the home. There are buyers out there as we can see from the statistics.  Ask yourself the question if you are a seller, do you want to sell?  If so have a discussion with your Realtor® on how to best accomplish this, or wait for the market to change.  The media will be no help to you with all their misinformation.

4 Helock Road, Wayland, MA 01778 Dudley Pond Cape with Fireplace

Single Family Expired Listings: 11    Avg. Liv.Area SqFt: 2,816.82     Avg. List$: $594,357    Avg. List$/SqFt: $219     Avg. DOM: 127.55  

Single Family Canceled Listings: 2    Avg. Liv.Area SqFt: 5,376.00     Avg. List$: $2,359,500    Avg. List$/SqFt: $355     Avg. DOM: 356.50 

It appears as if the Sellers did not give their agent enough time to market their properties this past month.  When the DOM for Sales is 159 and the Seller is expiring a contract at 128 DOM the math is simple, it can’t be done in that time, in this market.  The canceled are another story and my thought here is overpriced and under-marketed couple with unrealistic sellers. The key to success in both buying and selling real estate is work with professionals who can guide you in the process. See you next month, enjoy your holidays and be safe.

Listing Price: 1,100,000
Address: 14 Overlook Road
City: Wayland
State: MA
ZIP: 01778
MLS # (if any): 71247552
Square Feet: 7000
Bedrooms: 3
Bathrooms: 4 F, 2 H
Basement (full, 1/2, finished, unfinished): Full Finished with second kitchen


Filed Under: Archive, Boston, Featured, MA, Market Report, Wayland Tagged With: , , , , ,

Home for the Holidays, New home for the holidays.

November 29, 2011 By Leave a Comment
4 Helock Road, Wayland, MA 01778 Dudley Pond Cape with Fireplace

4 Helock Road, Wayland, MA 01778 Dudley Pond Cape with Fireplace

Here comes December, the last month of the year.  So much to do, so many things to complete, do you feel overwhelmed?  Now is the time for action, enough with the research, the websites, all the data, and what is it with the data, it is all so confusing and contradictory? Real estate is made complicated by your viewpoint.  Are you the buyer, or the seller?  Are you the agent, or the other agent?  Are you the lawyer, or the other lawyer?  And all of those questions don’t even arrive until you are at the table, there is just so much work to get to table. What house, what neighborhood, what loan, what bank, what paperwork what weekends looking, and looking what, what!

Several months ago, or longer it can be safe to say, you decided to buy, or to sell.  You started down the road hitting the Internet for information. There is a lot of it there.  You checked that information out randomly with your friends, family, colleagues or just randomly talking to people.  This bolsters your information already gathered from the Internet.

Listing Price: $349000
Address: 4 Hemlock Road
City: Wayland
State: MA
ZIP: 01778
MLS # (if any): 71221683
Square Feet: 1476
Bedrooms: 3
Bathrooms: 1/1
Basement (full, 1/2, finished, unfinished): unfinished

14 Overlood Road, Wayland, MA 01778

You remember what it was like to move to a new house, your moves through all your other living situations whether they were good or bad and rolled it all up into a ball. That was how you were going to get your new home–or sell your home.  You wanted the most if you are selling and the least if you are buying. Every single day people are coming to an agreement about price and buying/selling.  Real Estate is simple.

You make your money when you buy your home.  So from all statistical sense there really hasn’t been a better time to buy with the prices in a buyers favor for many years gone by.  Interest rates, for those who qualify, have not been this low since our parents were young.

With prices low and money cheap there is not a better time to buy. That is why you see so many cash buys.  People with money realize we are at the bottom and it is where money should be to make money.

63 Westcliff Road, Weston, MA 02493

On the sell side, if you haven’t been in your home longer than 5 years you are loosing value.  If you have been in your home 20 years you have seen incredible appreciation of your asset.  Now, you may have used that appreciation for uses along the way and it is not available to you now, but that is just what it is and we need to understand. There is a ceiling and a floor to prices of homes.  They are still of value and the market is stabilizing.  Money is starting to flow back into real estate from the investor side and the consumer side is chugging along at reasonable rates.  Not the rates of the heyday, but, again, they are gone, now is now.

December is a month to close and get into your new home.  Start building your equity now, there really isn’t a better time.

Filed Under: Archive, Back Bay, Boston, contemporary, Featured, MA, Milton, Wayland, Wellesley, Weston Tagged With: , , , , , , , , , , , ,

Wayland, MA 01778 Single Family Housing Report October 2011

November 4, 2011 By Leave a Comment
4 Hemlock Road, Wayland, MA 01778 Dudley Pond

4 Hemlock Road, Wayland, MA 01778 Dudley Pond

Wayland, MA 01778 Single Family Housing Report October 2011 Wayland has 121 homes actively in the market right now.  Of those, like most surrounding communities Wayland has more houses in the Active stage than in any of the other stages, like Sold or Under Agreement.  Wayland is a town that has $18 million dollar homes on the same market with a home that is less than $100,000. This gives this community some real diversity in many of the critical areas that make a community great. Days on Market (DOM) is high, but I am thinking that the Sold homes going the fastest is good because the new listings coming on the market getting sold more quickly is a very good thing.  If you have been on the market for a while and you are not getting a lot of showings or offers, you may need to consider your marketing and your agent after taking into consideration your price.

4 Hemlock Road, Wayland, MA 01778 Dudley Pond

Single Family Active Listings: 98       Average List Price: $1,240,699     Average Market Time: 204.52

Single Family Under Agreement Listings: 4       Average List Price: $766,625     Average Market Time: 132.50

Single Family Sold Listings: 7       Average List Price: $429,129       Average Sale Price: $396,971     Average Market Time: 84.14

Single Family Expired Listings: 10       Average List Price: $1,108,079     Average Market Time: 361.70

Single Family Canceled Listings: 2       Average List Price: $498,450     Average Market Time: 78.00

Listing Price: $349000
Address: 4 Hemlock Road
City: Wayland
State: MA
ZIP: 01778
MLS # (if any): 71221683
Square Feet: 1476
Bedrooms: 3
Bathrooms: 1/1
Basement (full, 1/2, finished, unfinished):

Filed Under: Archive, Boston, Featured, MA, Market Report, Wayland Tagged With: ,

Wayland, MA 01778 Single Family Housing Report Sept 2011

October 8, 2011 By Leave a Comment
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Wayland, MA 01778 Single Family Housing Report Sept 2011 comes with lots of Active listings and a small percentage of homes Under Agreement or Sold.  There is almost an equal number of Expired and Canceled listings as there are Solds and Under Agreements.  What does this mean?  In my opinion it means that buyers are still a little skittish with the economy–personal and global and where the prices and interest rates are going.  In my opinion the prices are near lowest and don’t expect any big fall off over the next few months.  Some people will lower their price just to sell the home, but also some will take their home off the market and wait it out until the Spring season.

14 Overlook Rd, Wayland, MA 01776

I had a seasoned agent tell me this week that my client who is one of the lowest priced houses in her category is not a motivated seller because she is not following some old school rule that dictates you lower you price every month until a buyer shows up.  That is just not how it works now.  If you are correctly priced then you shouldn’t have to lower your price.  I am not looking for the commission, I am looking for the best possible deal for all those involved while maintaining the integrity of the community pricing.  Now to the numbers.

Single Family Active Listings: 94       Average List Price: $1,137,955     Average Market Time: 174.23

Single Family Under Agreement Listings: 3       Average List Price: $452,667     Average Market Time: 105.67

These numbers are a bit deceiving. There are another 13 Active listings that are pending which is a far healthier number for this area.  Notice the active prices are averaging a million dollar price tag while the UAG listings are averaging almost two thirds less.

14 Overlook Road, Wayland, MA 01776 Kitchen

Single Family Sold Listings: 14       Average List Price: $706,457       Average Sale Price: $665,643     Average Market Time: 124.43

Single Family Expired Listings: 7       Average List Price: $1,076,700     Average Market Time: 250.71

Single Family Canceled Listings: 3       Average List Price: $391,200     Average Market Time: 195.67

Wayland is running a healthy 94% List Price to Sale Price average.  This is great. This means houses are correctly priced.  The Days on Market is well over 100 throughout the statistics here with expired listings being well over 200 days.  It is quite possible those Expired listings have homeowners who don’t understand the pricing of homes and their agents are providing them enough information to make that decision.

Listing Price: 1100000.00
Address: 14 Overlook Road
City: Wayland
State: MA
ZIP: 01778
MLS # (if any): 71247552
Square Feet: 7000
Bedrooms: 5
Bathrooms: 4/2
Basement (full, 1/2, finished, unfinished): Full Finished with second kitchen

Filed Under: Archive, Boston, Featured, MA, Market Report, Wayland Tagged With: , , , , , ,

When the biggest and best is what you want…Wayland, MA 01778

October 1, 2011 By 1 Comment
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14 Overlook Road, Wayland, MA 01776 Kitchen

14 Overlook Road in Wayland, MA 01778 is one of the biggest and best homes in this nice neighborhood.  It boasts 7000 square feet of living space, 5 bedrooms, 4 full bathrooms with two of them masters, a 3 car heated garage that is wonderful in the winter, two kitchens one of them in a fully finished basement suitable for large parties.  All wood floors, all the best appliances and fixtures there was no expense spared in this home.  What is an advantage for the buyer is that the seller, a well known developer, built this home himself for his wife.  What he saved in the construction of this home he is happy to pass on to the buyer and that is why this home is priced at only one million one hundred thousand. This home is well worth much more than that if the lot was larger, or if it was not surrounded by smaller less desirable homes.

There is no doubt that the schools in Wayland are some of the top ranked schools systems in the state.  Families and extended families are moving to Wayland to take advantage of this system.

14 Overlook Rd, Wayland, MA 01776

If you are a family with extended family living with you, this home would be perfect for your size and needs.  Formal living and dining rooms are available, but it is most likely your time will be spent in the wonderful family room with fireplace connected in the open design style to the kitchen.  This part of the house looks out on a stone patio and play area for the children.

This area of Wayland will boast many such houses as the economy recovers and more families find this area of the town to build on.  Being the first and best home in the area gives you an opportunity to set the standards for your extended family living.  This community is filled with diversity and is focused on education of their children and raising them in a safe and nurturing atmosphere.  You owe it to yourself if you are looking for this kind of a situation to see what your money can buy in Wayland.  14 Overlook Road in Wayland MA 01778 is easily the best and biggest home in this area and well worth the price.

Listing Price: 1100000.00
Address: 14 Overlook Road
City: Wayland
State: MA
ZIP: 01778
MLS # (if any): 71247552
Square Feet: 7000
Bedrooms: 5
Bathrooms: 4/2
Basement (full, 1/2, finished, unfinished): Full Finished with second kitchen

Filed Under: Archive, Boston, Featured, MA, Wayland Tagged With: , , , , , ,

14 Overlook, Wayland, MA 01778 Open House Sept 15, 2011

September 14, 2011 By Leave a Comment
14 Overlook Correct Wayland F

14 Overlook Road, Wayland, MA 01778 Open House

14 Overlook Road in Wayland, MA 01778 is a home to grow.  With 7000 square feet of living space and all the amenities that can be put into a home like this it is a wonderful home for the discriminating home buyer.  At this point in time this home is the largest and most luxurious in it’s neighborhood, but that won’t be for long.  As Wayland grows and changes this neighborhood filled with some older homes will give way to homes just like this listing.  Located not too far from the major highways it makes for an easy commute to anywhere in the Boston Metro area and beyond.

Wayland schools are some of the best in the state and continue to get better.  Right next door to Weston your money will go further in Wayland.  More house and more amenities for a very nice community.  We will be having a broker’s open house on September 15 from 3-5PM and serve wine and cheese to the broker’s.  On Sunday, September 18 from 1-3PM we will have an open house for the public.  This home is spectacular and immaculate new construction.  There has been very little new construction of homes in the last many years in Wayland, and this one is the gem.

Two kitchens, an amazing foyer with rounding staircase, full finished basement, 3 car garage that is heated makes the thoughts of winter and snow diminish because your car will be snug and toasty inside the garage.  There are two master bathrooms and a fantastic great room for entertaining.  Come see the house at one of the Open Houses and let me know what you think.  No doubt you will be astonished.  14 Overlook Road, Wayland, MA 01778 is a home worth far more than the asking price.

Filed Under: Archive, Boston, MA, Market Report, Open House, Wayland Tagged With: , , , , , , ,

Wayland, MA 01778 Single Family Housing Market Report August 2011

September 6, 2011 By Leave a Comment
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Wayland, MA 01778 Single Family Housing Market Report August 2011

 

Wayland, MA 01778 Single Family Housing Market Report August 2011 reports activity of 130 homes are either Active, Under Agreement, Sold, Expired or Canceled.   While this isn’t quite as much activity as there is in the surrounding communities, the level is a good level of activity for this time of year.  With all the negative media surrounding the economy and the housing market it is hard for the real message to get through.  There has not been a time so good to buy and sell real estate as there is right now.  It is true the lending part is a bit more difficult, but the industry certainly needs to get a better and more service oriented than it has been through the last couple of years.  Besides the banks, the current prices in real estate market along with the interest rates being so low makes this a great time to get involved.

 

140 Old Connectitcut Path, Wayland, MA 01778

Single Family Active Listings: 93       Average List Price: $1,114,287     Average Market Time: 163.38

  Single Family Under Agreement Listings: 11       Average List Price: $637,482     Average Market Time: 67.55

  Single Family Sold Listings: 18       Average List Price: $709,528       Average Sale Price: $674,847     Average Market Time: 141.22

 

Single Family Expired Listings: 4       Average List Price: $1,515,975     Average Market Time: 301.25

140 Old Connectitcut Path, Wayland, MA 01778 Kitchen

Single Family Canceled Listings: 4       Average List Price: $635,062     Average Market Time: 341.00

More than ever there is a need to work with a professional.  Regulations and guidelines continue to change and your real estate professional is aware of the changes.  Knowing how to market properties using internet technology is another key reason to work with a professional. There is a slight dip of the Average Market Time for the sold listings over the active listings.  The newer house under agreement so much faster indicates the newer properties on the market are being priced correctly and to sell.

Filed Under: Archive, Boston, Featured, MA, Market Report, Wayland Tagged With: , , , , ,
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