All I can say is, Wow – not even close. The January 2018 numbers far, far outweigh those of January 2017. Two interesting facts to keep in mind…. First, six of the 14 properties (43%) sold at $3 million or more. Second, these figures are the result of 2017 activity. Also note that this is the only time of the year in which our monthly sold information is the exact same as our year-to-date sold information (as of January 31). So this report will be shorter and sweeter than most of the others. Here are the details:
Number of Sold Properties – 14 in 2018 vs. 7 in 2017 – up 100% this year from last
Total Market Volume – $38,724,000 in 2018 vs. 9,865,200 in 2017 – up 293% this year
Median Price – $1,787,500 in 2018 vs. $1,337,500 in 2017 – up 34% this year
Average Sale Price – $2,766,000 in 2018 vs. $1,409,314 in 2017 – up 96% this year
There was one land sale in January 2018 – 79 Black Oak Road consisting of 1.38 acres for $1,250,000.
As I said this time last year, when beginning a new year, we find ourselves pondering what it will bring – and not just from a real estate perspective. For example, how will the national and world economies fare? And what effects will they have on consumer confidence, interest rates, new construction starts, and the real estate market in general? The bottom line is that we will do what we always do – watch with anticipation and fascination. Happy 2018!
For more information on this or about the real estate market in Weston, Wellesley, Wayland and the surrounding towns or if you are considering selling your home, please contact me, Lisa Curlett (www.lisacurlett.com, 781-267-2844 or firstname.lastname@example.org), to answer any questions or for a complimentary home appraisal.
* These market figures are based on information provided to and compiled by Pinergy/MLS Property Information Network, Inc., and do not include sales information on non-MLS transactions.