Monthly Archives: March 2015

Winchester Statistics – February 2015

The current months statistics for the Winchester real estate market are shown below.

Inventory Levels

If an inventory level graph shows seasonal fluctuations then we know that the market is ‘healthy’ and showing normal activity. If seasonal fluctuations are not obvious then what we are seeing is an ‘unhealthy’ market where foreclosures and short sales have cluttered and hidden the normal trends of the market. Price trends can be learnt from inventory level data – in a ‘healthy’ market with demand greater than supply, prices tend to move up. In an ‘unhealthy’ market where supply far outstrips demand then the trend on prices is down. This follows the normal Supply and Demand market dynamics.

Absorption Rates

Absorption rates can be described as the number of months needed to sell the available inventory at the rate of sales experienced in the previous 12 months IF no additional properties were listing during that time.

So, given the ‘normal’ rate of sales that have occurred over the previous 12 months, and given the number of homes on the market currently, how many months it would take to sell everything that is currently available is known as the absorption rate. We generally say that anything below 7 months supply is ‘healthy’. The absorption rate can be a general rate for a town, for instance, for all single family homes in that town, or it can be more specific and related to price ranges.

Sold/Original Price Ratios

By reviewing the sold to original list price ratio you can get a very good understanding of the health of the real estate market in a town, and the cyclical nature of sales in the town. The number of homes sold, along with the average percentage of the original list price to sales price data, gives you a snapshot over the last 12 months of important data related to the real estate market in a town. It is important to note that the reported data is approximately 6-8 weeks behind the actual event of the home going under agreement.

Historic Homes Prices

The blue bars represent the average price in the year referenced, the green bars reflect the average home price for each month of the current year. When reviewing this data it is important to note the impact that the First Time Home Buyers Tax Credit had on the data for 2009 and 2010. In towns where the average home price is significantly more than the approximate home price of a first time home buyer then the impact is quite marked due to the increase in First Time Home Buyer activity, whereas in towns where the average home sale price is close to that of the approximate price of a home for a First time Home Buyer we don’t see too much of an impact that the increase in home sales due to First Time Home Buyers has had to the overall average for the town.

Homes Sales

A wealth of information about Winchester as well as over 40 other towns (and a lot more information on buying/selling) can be found on our website www.mapropertiesonline.com (or if you’re on your smartphone – mobile.mapropertiesonline.com) and if you have any questions do not hesitate to contact us.

12 Coolidge Ave, Waltham – sold in the first weekend

Last weekend we put 12 Coolidge Ave in Waltham on the market. This wonderfully located and immaculately maintained 4 bedroom, 2 bathroom Cape has a custom built brick path leading you to the entrance. With hardwood floors and ceramic tile throughout the first floor, the living room has a brick fireplace and large picture window perfect for entertaining and cozy nights. We received 9 offers; they were reviewed on Monday and the property went under agreement. The price was substantially over the asking price of $489,900. It seems that the high demand for homes in Waltham that we saw in 2014 is continuing into 2015. Here’s the data for the last 12 months – the orange line is the ratio between list and sales price (a value of 100% means it sold for asking). The ratio often approached 100% in 2014 – expect the same for 2015 as demand exceeds supply in this popular town.

This high ratio is (of course) driving up prices as buyers compete for homes:

A wealth of information about Waltham as well as over 40 other towns (and a lot more information on buying/selling) can be found on our website www.mapropertiesonline.com (or if you’re on your smartphone – mobile.mapropertiesonline.com) and if you have any questions do not hesitate to contact us.

27 Winchester Drive, Lexington – sold in the first weekend

Last weekend we put 27 Winchester Drive in Lexington on the market. This this spacious custom designed 4 bedroom, 4 bathroom colonial has a lovely foyer with cathedral ceiling and arched picture window setting the tone for this wonderful home. Offers were reviewed on Monday and the property went under agreement. The price was substantially over the asking price of $1,299,000. It seems that the high demand for homes in Lexington that we saw in 2014 is continuing into 2015. Here’s the data for the last 12 months – the orange line is the ratio between list and sales price (a value of 100% means it sold for asking). The ratio often exceeded 100% in 2014 – expect the same for 2015 as demand exceeds supply in this very popular town.

This high ratio is (of course) driving up prices as buyers compete for homes:

A wealth of information about Lexington as well as over 40 other towns (and a lot more information on buying/selling) can be found on our website www.mapropertiesonline.com (or if you’re on your smartphone – mobile.mapropertiesonline.com) and if you have any questions do not hesitate to contact us.

27 Winchester Dr, Lexington – Just Listed

Check out this home that we’ve just bought on the market this week. 27 Winchester Drive in Lexington – priced at $1,299,000 this spacious custom designed 4 bedroom, 4 bathroom colonial has a lovely foyer with cathedral ceiling and arched picture window setting the tone for this wonderful home. The living room and dining room, perfect for entertaining, have bay windows and hardwood floors. The large kitchen has stainless steel appliances, 5 burner gas cooktop, granite countertops, breakfast bar with wine refrigerator, and French doors onto the private deck overlooking the large level backyard. An exceptional home for creating your wonderful memories.

Open House Sat/Sun (Mar 21/22) 1:00pm-3:00pm.

You can find more info at www.27Winchester.com or if you’re on your smartphone mobile.27Winchester.com

12 Coolidge Ave, Waltham – Just Listed

Check out this home that we’ve just bought on the market this week. 12 Coolidge Ave in Waltham – priced at $489,900 this wonderfully located and immaculately maintained 4 bedroom, 2 bathroom Cape has a custom built brick path leading you to the entrance. With hardwood floors and ceramic tile throughout the first floor, the living room has a brick fireplace and large picture window perfect for entertaining and cozy nights. The kitchen has all stainless steel appliances and breakfast bar overlooking the formal dining room. Walking distance to Bentley College, bike path across the street, close to shopping, playgrounds, Rte 90, Rte 128, and Boston. This home has so much to offer both inside and out.

Open House Sat (Mar 21) 2:00pm-4:00pm; Sun (Mar 22) 1:00pm-3:00pm

You can find more info at www.12Coolidge.com or if you’re on your smartphone mobile.12Coolidge.com