SHERBORN, MA : MARKET DATA THROUGH APRIL

April Headlines

Sherborn
  • No significant changes.
Nearby Areas You May Be Interested In
  • Days on market in Needham is up 276.9% to 98.
  • Unit sales in Medfield in April were 19. This is up 90.0% from 10 in April of 2014.
  • Days on market in Westwood is up by 393.3%.
Changes Favoring Buyers
3 Months Ending April, 2015 % Chg From Apr, 2014
Median Sale Price $750,000 -16.2%
Market Time (Days) 173 57.3%
Price per Sq Ft for Sold $258 -0.4%
Sales to List Price Ratio 95.4% -0.6%
Listings Under Contract 15 -16.7%
Changes Favoring Sellers
3 Months Ending April, 2015 % Chg From Apr, 2014
Unit Sales 13 85.7%
Inventory 37 -14.0%
Months of Supply 8.8 -4.7%
New Listings 37 -9.8%

Sales

There were 5 unit sales in April. This is up 150.0% from 2 in April of 2014. Sales/list price ratio in April moved up to 100.0% from 93.2% in March.

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Prices

Median price in April was $790,000. This is up 38.5% from $570,500 in April of 2014. 3-month median price of $750,000 in April was up marginally from $740,000 in March but down modestly from $895,000 in April of 2014. Price per square foot in April was $280. This is up from $241 in March but down from $295 in April of 2014.

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Inventory

Inventory of 45 in April was up 40.6% from 32 in March but down 8.2% from 49 in April of 2014. New listings of 17 in April were up considerably from 11 in March but down slightly from 19 in April of 2014. Months of supply of 10.2 in April was up moderately from 7.7 in March but down a little from 10.5 in April of 2014. This is the highest months of supply has been since July, 2014.

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Market Time

Days on market of 130 in April was down somewhat from 191 in March but up substantially from 82 in April of 2014.

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Change in Median Sale Price for Single Family Properties YTD From 2014 To 2015 for Towns in Middlesex County Ranked by Best Performance
Town % Change
Cambridge 38.46%
Newton 24.92%
Stoneham 21.81%
Lowell 14.80%
Malden 14.72%
Hopkinton 13.40%
Wilmington 13.33%
Woburn 13.00%
Melrose 12.05%
Billerica 10.71%
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Luxury 23 Acre Estate For Sale in Sherborn, MA

32 Hunting Lane Sherborn, MA – Listed by The Walsh Team 508-934-4030 William Raveis Real Estate Wellesley, MA

Welcome to “Stone Water” – the ultimate private escape for the discerning buyer seeking anonymity, distinction, and proximity to shopping and major routes, as well as an acclaimed School System! This impressive gated stone and stucco architectural masterpiece has been extensively renovated and masterfully expanded with incredible attention to detail. An artists’ residence, it is a seamless blend of natural elements with every modern convenience imaginable. Set amidst 23+ acres of manicured fields, wildlife & woods and adjacent to the town forest, the views are spectacular! Complete with an awesome chef’s kitchen, sensibly scaled room proportions with panoramic vistas, a gorgeous heated salt water pool, spa and cabana, fish pond, movie theatre, tennis court, art studio and amazing decks, this is the perfect retreat from the cares of everyday life! Must be seen to be truly appreciated! (Could be a wonderful equestrian property.) http://youtu.be/whoAnfx3y-c

For more information on “Stonewater” or if you would like to buy or sell a home, please visit walshteam.com or contact Evan Walsh – The Walsh Team at 508-934-4030; info@walshteam.com.

Follow The Walsh Team on Facebook! http://www.facebook.com/walshteam1

Selling Real Estate: How to Set a List Price for Your Home

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Setting the list price for your home involves evaluating various market conditions and financial factors. During this phase of the home selling process, your REALTOR® will help you set your list price based on:

  • pricing considerations
  • comparable sales
  • market conditions
  • offering incentives
  • estimated net proceeds

Pricing Considerations – Find a Balance Between Too High and Too Low

When setting a list price for your home, you should be aware of a buyer’s frame of mind. Consider the following pricing factors:

If you set the price too high, your house won’t be picked for viewing, even though it may be much nicer than other homes on the street. You may have told your REALTOR® to “Bring me any offer. Frankly, I’d take less.” But compared to other houses for sale, your home simply looks too expensive to be considered.

If you price too low, you’ll short-change yourself. Your house will sell promptly, yes, but you may make less on the sale than if you had set a higher price and waited for a buyer who was willing to pay it.

TIP: Never say “asking” price, which implies you don’t expect to get it. (read on)

Buyers: What a REALTOR® Can Do for You

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The REALTOR® you work with can be one of your most valuable resources in the home buying process. Unlike many real estate agents who are simply licensed by their state to do business, REALTORS® have taken additional steps to become members of the local board of REALTORS® and have agreed to act under and adhere to a strict Code of Ethics. Here is what a REALTOR® can do for you:

  • A REALTOR® can help you determine the price you can afford.
  • A REALTOR® can often suggest ways to accrue a down payment and explain alternative financing methods.
  • A REALTOR®, in addition to knowing the local money market, also can tell you what personal and financial data to bring when you apply for a loan.
  • A REALTOR® is already familiar with current real estate values, taxes, utility costs, municipal services and facilities, and may be aware of local zoning changes that could affect your decision to buy.
  • A REALTOR® can usually research your housing needs in advance through a Multiple Listing Service (MLS) – even if you are relocating from another city.
  • A REALTOR® can show you only those homes best suited to your needs: size, style, features, location, and accessibility to schools, transportation, shopping and other personal preferences.
  • A REALTOR® often can suggest simple, imaginative changes that make a home more suitable for you and that will improve its utility and value.
  • A REALTOR® is sensitive to the importance you place on this major purchase and commitment that you are about to make.
  • A REALTOR® can facilitate negotiation of a win-win agreement that will satisfy both you and the seller.

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