Wayland, MA Real Estate News

By Martin E. Kalisker, Esq., Real Estate Law From A Practical Perspective
  As of March 31, 2009, there were 79 single family listings in Wayland on the Multiple Listing Service (MLSPin).  During March, 19 new single family listings were added to our MLSPin and an additional 3 single family homes were relisted for sale on the MLS, with an average list price of $886,409.   I wish I knew how to explain what is going on with single family home sales in Wayland.  Home sales are up for the year when compared to 2008, but market absorption and pricing of current inventory is bucking up and screaming for attention.  What appears to be selling in Wayland are homes priced well below the market average (which is already skewed because of one luxury listing), but still, there is a large percentage of homes currently in inventory that are priced above the median price.  ...
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By Martin E. Kalisker, Esq., Real Estate Law From A Practical Perspective
     As of February 28, 2009, there were 69 single family listings in Wayland on the Multiple Listing Service (MLSPin).  Although it is encouraging to see that home sales for the first two months of 2009 are 2 ½ times greater than the same period last year, and despite the cold and snowy winter that we have had, what has been selling is far below the average list price for single family homes currently on the market.  This is due in part to an increased number of short sales and foreclosure sales in Wayland.  However, growing inventory levels and days on market are ominous signs of an impending slow down in the sale of homes that are not priced attractively or marketed aggressively.  Sellers should take note, as well as those interested in listing their homes for sale in the near future...
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By Martin E. Kalisker, Esq., Real Estate Law From A Practical Perspective
   As of January 31, 2009, there were 68 single family listings in Wayland on the Multiple Listing Service (MLSPin).  It will be interesting to see what happens with home sales in Wayland during the spring and summer months ahead.  Almost 75% of the current inventory listed is above the average sales price for the year to date, and home sales are moving at a reasonable pace.  What is somewhat troubling, however, is the number of short sale and bank-owned properties coming on the market.  If current trends continue, this will put downward pressure on non-distressed home sales, possibly leading to further downward pressure on home prices.  Only time will tell.  During January, 11 new single family listings were added to our MLSPin and an additional 4 single family homes were relisted for ...
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By Martin E. Kalisker, Esq., Real Estate Law From A Practical Perspective
  As of December 31, 2008, there were 66 single family listings in Wayland on the Multiple Listing Service (MLSPin).   Year to date sales figures show a 15.3% decline in sales volume and average sales prices are reflect a decrease of 17.6% compared to 2007. Based on current market absorption rates (see below), the market for single family homes in Wayland appears to be "balanced."  In other words, market supply and demand are in balance, such that it is neither  a buyers' nor a sellers' market.  However, we are beginning to see a marked increase in bank owned and short sale listings in Wayland.  This will, over time, drive up the days on market and lower the average selling price statistics for the town, as the buying process often takes several months for foreclosed properties.  During...
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By Martin E. Kalisker, Esq., Real Estate Law From A Practical Perspective
     As of November 30, 2008, there were 84 single family listings in Wayland on the Multiple Listing Service (MLSPin).  There is considerable downward price pressure on homes in Wayland, especially with inventory levels in neighboring towns reflecting better market absorption.  Sellers would be well advised to take a good look at home prices in competing markets and make any necessary price changes before the New Year.  Actual sales price compared to original list price should provide additional support for this comment.  During November, 7 new single family listings were added to our MLSPin, with an average list price of $897,000.  Based on the number of active single family listings versus the number of sales during the month, there is a market absorption rate of 420 days.   That is ...
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By Douglas Carson, Realtor
(Coldwell Banker Residential Brokerage)
The number of single family homes sold in Wayland, MA during the month of October increased from 10 sold (2007) to 11 homes sold in 2008. The average selling price decreased significantly from $692,740 in 2007 to $525,364 in 2008.  The average DOM (Days on Market) decreased to 169 days from 191 in 2007.
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By Martin E. Kalisker, Esq., Real Estate Law From A Practical Perspective
     As of October 31, 2008, there were 101 single family listings in Wayland on the Multiple Listing Service (MLSPin).  Sales of single family homes are down approximately 24% for the year, with on-going price pressure on list prices by buyers.  During October, 17 additional single family listings were added to our MLSPin, (2 of which were back on market) with an average list price of $573,412.  Based on the number of active single family listings versus the number of sales during the month, there is a market absorption rate of a staggering 9.18 months.   That is to say, based on the volume of sales during the past month, it will take 275 days to sell all the single family homes currently sitting on the Wayland market. The average list price is $906,515.  The lowest price is $225,000 a...
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By Martin E. Kalisker, Esq., Real Estate Law From A Practical Perspective
  Monthly market performance: As of September 30, 2008, there were 105 single family listings in Wayland on the Multiple Listing Service (MLSPin).  While home sales are moderate, we are observing that more "affordable" homes are what are currently selling.  These include older homes and homes that need renovations.  During September, 14 new single family listings were added to our MLSPin, with an average list price of $896,993. The average list price is $952,281.  The lowest price is $239,000 and the highest price is $6,500,000, with the largest concentration of homes (39%%) priced in the $500,000 to $799,999 price range.  Of note, the average list price for a single family home in September 2007 was $1,105,726. The median price is $659,000 and the average days on market are 170 days.  ...
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By Mike Hunter, Wicked Awesome Realtor
(Gibson Sotheby's International)
    Overall, Wayland is in a buyer's market as of today. Here's my interpretation of the current data for the Wayland Real Estate Market:Sellers market in the following price points:$400,000 - $449,999 there is currently a 3 month supply$700,000 - $799,999 there is currently a 2 month supply  Balanced market in the following price points:$250,000 - $299,999 there s currently a 6 month supply$350,000 - $399,999 there is currently a 6 month supply$900,000 - $999,999 there is currently a 5 month supply Buyers' market in the following price points:$300,000 - $349,999 there is currently a 9 month supply$450,000 - $499,999 there is currently a 10 month supply$500,000 - $599,999 there is currently a 10 month supply$600,000 - $699,999 there is currently a 8 month supply$800,000 - $899,999 there...
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By George Koppel,, The Lowenstern Team
(CASTLES UNLIMITED®)
Wayland is a semi-rural community located in Middlesex County, Massachusetts, about 18 miles from Boston and 26 miles from Worcester. The estimated population of the town in January 2006 was 13,729.  Wayland's zip code is 01778. Cochituate is part of Wayland.  The town of Wayland is bordered on the West by Sudbury and Framingham, on the south by Natick, on the north by Concord and Lincoln and the east by Weston.Wayland was incorporated on April 10, 1780 as the Town of East Sudbury.  On March 11, 1835, East Sudbury became Weyland in honor of Dr. Francis Wayland, who was President of Brown University. Wayland has the first free public library in Massachusetts. The town of Wayland has an open town meeting form of government.The town of Wayland is located in the MetroWest region of Eastern ...
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By Marilyn Messenger, Marilyn Messenger, Real Estate west of Boston
(Andrew Mitchell & Company)
mostly good news for home-owners in Wayland -- the number of homes sold for the 3-months ending 10/14 is up 34% from the same period last year. Both the median and average sale price was up - median up 13.2%, average up 11.58%. Current inventory is down by 25%, more...Remember, all real estate is local - you need to read past the headlines to see what's going on in your area. Yes, nationally the market is still declining, but read on and it says that the Northeast has turned the corner! Wayland, Weston, Sudbury and the towns west of Boston are their own market. A local professional can give you local information that will help you make logical decisions.  
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By James Lowenstern, Castles Unlimited. Newton MA Real Estate
(Castles Unlimited®)
 237 Rice Road is a very unique and rare offering available now for the discriminating buyer/s. 237 Rice Road is the first NEW single family dwelling available on the estate side/north end of Rice Road in over 10 years. Rice Road is among the most exclusive and picturesque (scenic) roads in the subject town of Wayland and comparable to any within the surrounding communities of Weston, Wellesley, Lincoln, Concord, Sudbury, etc. Located ¼ mile from Route 20/Weston Line and in close proximity to Routes 30/128 & 90, this home offers the tranquility of (modern) country living teeming with wildlife yet mere minutes from all modern amenities/conveniences and all major routes. Between a plethora of meetings with town boards/officials & the conservation commission, architectural design work, eng...
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By Marilyn Messenger, Marilyn Messenger, Real Estate west of Boston
(Andrew Mitchell & Company)
Here are the current market conditions for Wayland Massachusetts: current inventory is down; list prices are up, however, along with higher asking prices time on the market has also gone up to 170 days. There are 79 single family homes for sale with prices ranging from $324,500 to $3,950,000. More...You'll always find the latest Market Condition Reports for Wayland, Sudbury, Weston, Maynard and Hudson MA at www.marilynmessenger.com - also, search for homes - complete MLS listings, get daily listing alerts, and the latest news and information about real estate to help plan your next move.
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By Marilyn Messenger, Marilyn Messenger, Real Estate west of Boston
(Andrew Mitchell & Company)
Here are the current market conditions for Wayland Massachusetts: current inventory is down; time on market is down, and list prices are up, so it appears that things are moving in the right direction for sellers. There are 85 single family homes for sale with prices... More...Visit http://www.marilynmessenger.com where you'll always find the most-up-to-date real estate information for Wayland, Sudbury, Maynard, Weston and Hudson MA and access the complete MLS with addresses, maps, and more.  
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