WELLESLEY, MA : MARKET DATA THROUGH APRIL

April Headlines

Wellesley
  • Unit sales are down by 40.9%.
  • Median price is down 22.7% to $1,189,000.
  • Months of supply in April was 4.7. This is up 25.3% from 3.8 in April of 2014.
Nearby Areas You May Be Interested In
  • Days on market in Needham is up 276.9% to 98.
  • Months of supply in Winchester in April was 4.4. This is up 109.1% from 2.1 in April of 2014.
  • Inventory in Winchester is up by 71.8%.
Changes Favoring Buyers
3 Months Ending April, 2015 % Chg From Apr, 2014
Unit Sales 47 -16.1%
Median Sale Price $1,332,500 -4.6%
Inventory 94 1.1%
Months of Supply 3.6 8.9%
Sales to List Price Ratio 92.7% -6.1%
New Listings 160 11.9%
Listings Under Contract 87 -11.2%
Changes Favoring Sellers
3 Months Ending April, 2015 % Chg From Apr, 2014
Market Time (Days) 105 -8.7%
Price per Sq Ft for Sold $403 1.8%

Sales

There were 13 unit sales in April. This is down 40.9% from 22 in April of 2014. Sales/list price ratio in April moved down to 96.8% from 97.2% in March.

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Prices

Median price in April was $1,189,000. This is down 22.7% from $1,538,800 in April of 2014. This is the lowest median price has been since September, 2014. 3-month median price of $1,332,500 in April was down marginally from $1,345,000 in March and down a little from $1,396,500 in April of 2014. Price per square foot in April was $454. This is up from $391 in March and up from $400 in April of 2014.

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Inventory

Inventory of 120 in April was up 33.3% from 90 in March and up 12.1% from 107 in April of 2014. New listings of 83 in April were up substantially from 57 in March and way up from 61 in April of 2014. Months of supply of 4.7 in April was up considerably from 3.4 in March and up moderately from 3.8 in April of 2014. This is the highest months of supply has been since October, 2014.

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Market Time

Days on market of 104 in April was up slightly from 89 in March but down considerably from 137 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 Norfolk County Ranked by Best Performance
Town % Change
Cohasset 39.91%
Needham 25.71%
Milton 24.74%
Wrentham 22.67%
Foxborough 17.74%
Brookline 16.88%
Westwood 12.52%
Walpole 11.02%
Medfield 9.44%
Holbrook 9.17%
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Monday March 2: New Listings in Wellesley and Weston

$2,100,000

576 Washington Street, Wellesley, MA 02482

2 Bed

2.5 Bath

1,932SqFt

Belclare. Exclusive condominiums in the heart of Wellesley Square offering a sophisticated, carefree lifestyle without leaving the community you love. Belclare homes are quietly elegant, generously proportioned and beautifully finished. The condom…Read More …..

Listed By Benoit Mizner Simon & Co. – Wellesley – Central St


$2,085,000

82 Sudbury Road, Weston, MA 02493

5 Bed

4.5 Bath

6,766SqFt

Sophisticated Architecture with a Modern Contemporary Style. This home brings together a layout of ultimate functionality in an individual and distinct design. A private driveway leads you to your perfectly sited home on over 2.5 private acres. Cu…Read More …..


$1,900,000

576 Washington Street, Wellesley, MA 02482

2 Bed

2.5 Bath

1,856SqFt

Belclare. Exclusive condominiums in the heart of Wellesley Square offering a sophisticated, carefree lifestyle without leaving the community you love. Belclare homes are quietly elegant, generously proportioned and beautifully finished. The condom…Read More …..

Listed By Benoit Mizner Simon & Co. – Wellesley – Central St


$1,499,000

29 Bristol Rd, Wellesley, MA 02481

5 Bed

3.5 Bath

3,138SqFt

Glistening white colonial shaded by beautiful trees and set on lovely Cliff Estates property boasts spacious rooms and generous proportions. Gracious foyer with turned stair opens to elegant living room with fireplace and dining room with built-i…Read More …..

Listed By Rutledge Properties


$1,299,000

3 Terrace Road, Weston, MA 02493

4 Bed

4.0 Bath

3,443SqFt

Bright and cheerful 4-5 bedroom country colonial located on a cul-de-sac street. This lovely home has had many improvements and has a fantastic floor plan. Kitchen has an adjoining family room with fireplace, charming living room with fireplace, l…Read More …..


$1,249,000

27 Priscilla Circle, Wellesley, MA 02481

5 Bed

3.0 Bath

2,834SqFt

Move right into this chic expanded Colonial on Cul-de-sac. Open floor plan boasts a renovated kitchen with granite & stainless steel appliances open to breakfast room and spacious family room. Formal living room with fireplace and dining room b…Read More …..

Listed By Coldwell Banker Residential Brokerage – Wellesley – Central St.

Homes Sold in the Peirce Estates – Wellesley, MA

 

Below is a list of homes sold in the Peirce Estates over the past 18 months.

  1   76 Woodcliff Rd   0.1   N/A   12/20/2012   4   4   4484   1989  
 
  2   171 Edmunds Rd   0.1   $2,090,482   09/14/2012   6   9   6619   2012  
 
  3   11 Greylock Rd   0.1   $2,836,690   09/06/2012   4   6   7254   1995  
 
  4   166 Edmunds Rd   0.2   $2,239,517   07/01/2013   7   6   7751   1936  
 
  5   26 White Oak Rd   0.2   $2,662,464   07/15/2013   4   5   6131   1964  
 
  6   88 Cliff Rd   0.2   $2,538,289   10/12/2012   5   5   5930   1983  
 
  7   4 Edge Hill Rd   0.3   $1,687,389   07/01/2013   5   4   3725   1931  
 
  8   22 Wachusett Rd   0.3   $2,133,791   05/31/2013   7   8   8860   2007  
 
  9   72 White Oak Rd   0.3   $1,550,000   10/11/2013   6   4   3462   1938  
 
  10   128 Cliff Rd   0.3   $2,744,752   06/27/2013   5   7   4482   1925

 

The Walsh Team in Wellesley Named a Best Real Estate Agent in America

The Walsh Team in Wellesley Named a Best Real Estate Agent in America by REAL Trends

William Raveis Real Estate commends Richard, Sheila and Evan Walsh – The Walsh Team, on achieving this prestigious honor

 

WELLESLEY, Mass. (July 18, 2013)—William Raveis, chairman and chief executive officer of William Raveis Real Estate, Mortgage & Insurance is pleased to announce The Walsh Team of Wellesley was named to the 2013 REAL Trends Best Real Estate Agents in America. The Walsh Team was ranked #11 on the Sides/Volume list for all of Massachusetts.

 

“I am honored that our team is a part of the 2013 REAL Trends Best Real Estate Agents in America,” said Evan Walsh, of The Walsh Team. “We’ve worked extremely hard to differentiate ourselves, and this award showcases that hard work and dedication, as well as our commitment to providing the best possible service for our customers.”  

 

In order to be considered for REAL Trends Best Real Estate Agents in America, teams must have closed more than 75 closed sides or $30 million in closed sales volume. REAL Trends independently ranks, collects and verifies all of the data in order to produce a completely unbiased report.

 

“The Walsh Team worked hard to earn this well-deserved award,” said Raveis. “Their professionalism, knowledge of the real estate marketplace and commitment to customer service parallels our company’s approach to serving homebuyers and sellers in the Massachusetts marketplace.”  

The Walsh Team has been a sales team in the firm’s Wellesley office for more than 3 years and has over 35 years of experience. They work with all buyers and sellers throughout the Metrowest area. Specialties include Luxury Homes, Antique Homes, New Construction and Equestrian Properties.

The Walsh Team in Wellesley Named a Best Real Estate Agent in America

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by REAL Trends

William Raveis Real Estate commends Richard, Sheila and Evan Walsh – The Walsh Team, on achieving this prestigious honor

 

WELLESLEY, Mass. (July 18, 2013)—William Raveis, chairman and chief executive officer of William Raveis Real Estate, Mortgage & Insurance is pleased to announce The Walsh Team of Wellesley was named to the 2013 REAL Trends Best Real Estate Agents in America. The Walsh Team was ranked #11 on the Sides/Volume list for all of Massachusetts.

“I am honored that our team is a part of the 2013 REAL Trends Best Real Estate Agents in America,” said Evan Walsh, of The Walsh Team. “We’ve worked extremely hard to differentiate ourselves, and this award showcases that hard work and dedication, as well as our commitment to providing the best possible service for our customers.”  

In order to be considered for REAL Trends Best Real Estate Agents in America, teams must have closed more than 75 closed sides or $30 million in closed sales volume. REAL Trends independently ranks, collects and verifies all of the data in order to produce a completely unbiased report.

“The Walsh Team worked hard to earn this well-deserved award,” said Raveis. “Their professionalism, knowledge of the real estate marketplace and commitment to customer service parallels our company’s approach to serving homebuyers and sellers in the Massachusetts marketplace.”  

The Walsh Team has been a sales team in the firm’s Wellesley office for more than 3 years and has over 35 years of experience. They work with all buyers and sellers throughout the Metrowest area. Specialties include Luxury Homes, Antique Homes, New Construction and Equestrian Properties.

Easy Steps to Reviving Your Lawn

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If your lawn looks pitiful after the tough winter months, early intensive care during spring may save it. On the other hand, if the lawn is past its recovery point, establishing a new lawn may be a better idea. If there’s still hope for your yard, here are some easy techniques to bring out the green in your grass.

If the lawn is compacted with more than half an inch of thatch (dead grass and leaves pressed down among the roots), remove it by using a dethatching rake or a power-dethatching machine. Regular dethatching forces buds to grow near the base of the grass stems and frees new grass shoots to grow in thick and lush.

Aerate

To aerate, use a coring device to cut 3- or 4-inch-deep holes in the soil, and leave the cores on the lawn to decompose naturally. The holes created by the aerator will provide a path for fertilizer, water and oxygen to get to the grass roots where they will do the most good.

Overseed

Overseeding is used to fill in bare spots. To prepare your lawn for overseeding, get rid of weeds, rake over the bare spots to prepare a loose seed bed, then, follow these next steps.

  • Choose a seed variety that matches the turf grass you already have. If you have blue grass, for instance, overseeding with any kind of blue grass will do the job.
  • Sow the seed at twice the rate recommended for a new lawn, and broadcast the seed over the bare areas by hand. Broadcast a very thin layer of light organic top dressing (no more than 1/4 inch) on top of the seed so it won’t dry out or blow away.
  • Fertilize using a spreader to distribute slow-release granular lawn fertilizer over the entire lawn in the quantity recommended for a new lawn.
  • Water regularly and keep the area damp by sprinkling until the seed germinates. Reduce watering when the seeds begin to grow.

Plant a New Lawn

Depending on the condition of your lawn, you may be able to revive it by simply dethatching, aerating and overseeding. However, if the lawn is completely overrun with weeds and patchy brown spots, or worse, it’s just a solid mass of straw, the most economical thing is to till it under and completely start from scratch.

For more articles on Landscaping visit: http://www.walshteam.com/gardening.asp