Weston, MA Real Estate News

By Dana Bain
(Premiere Mortgage Services Inc.)
http://www.bainmortgage.com/ShouldYouRefiYourMortgageDanaBain           Should You Refinance Your Mortgage? The average U.S. homeowner refinances his or her mortgage every four years. Sometimes it’s to take advantage of lower interest rates, but there are many other reasons to refinance. Are any of them right for you? Find out by seeing if you can answer “yes” to one or more of the following questions. Are interest rates rising? If you have an adjustable rate mortgage (ARM) and expect interest rates to rise, you may want to switch to a fixed-­rate loan. By locking in the interest rate, you won’t have to worry about your payments climbing in the future. On the other hand, if rates are rising and you have a fixed-­rate mortgage, you’re in good shape. You may still have other reasons to re...
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
  Weston, MA  02493 Single Family Housing Market Report August 2011.  In August there were 123 homes that were either Active, Under Agreement, Sold, Expired or Canceled.  This is not so bad, but when you look further there are 98 Active homes for sale with only 16 either sold or under agreement. 15 Spruce Hill Road, Weston, MA 02493 15 Spruce Hill Road, Weston, MA 02493 What this would indicate is that there should or will be some drop in prices as we move into the fall selling season.  Many people forget that after the Spring season, December is quite often the second largest sale month in the year as people begin to think about tax breaks and the close of the year.  It appears as if the housing market is still alive and active, just not as much as many of us would like. The difficulty...
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By Larry Lawfer, "I listen for a living." It's all about you.
(YourStories Realty Group)
437 South Street, Weston, MA Hi folks,  How has your summer been?  Mine has been wonderful thanks and along the way I have learned so much about the real estate industry.  I had to go quiet for some time here to allow my strategic work to be completed.  Right now I am in the beginning process of redoing my websites to create more of what I want and need out of them. In real estate websites serve a variety of purposes.  Lead generation, engagement with your audience, an opportunity to speak directly to your clients and prospects on an “always on” basis are just some of the benefits.  Since more than 90% of everyone searching for a home starts on the internet then it just makes sense that you are on the internet to be found.   Most large agency websites that allow their agents a page on ...
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By Bob Tanski, Realtor
(Century 21 Shawmut Properties)
Weston Massachusetts - Condos - May 2011 Market Statistics Weston Condominiums For Sale There are currently 15 condos currently for sale in Weston Ma.(A decrease of 6.25%.) The average list price for these condos is $1,061,693.(An increase of 6.64%.) These condos have been on the market for an average of 320.07 days.(An increase of 11.09%.) Weston Condominiums Under Agreement There are currently 5 condos under agreement to be sold in Weston, Ma.(An increase of 150.00%.) The average list price for these condos is $722,980.(A decrease of 63.76%.) These condos have been on the market for an average of 132.00 days.(A decrease of 61.23%.) Weston Condominiums Sold 0 condos sold during this month in Weston, Ma.(Flat month-to-month.) The average sale price for these condos was $0.(Flat month-to...
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By Bob Tanski, Realtor
(Century 21 Shawmut Properties)
Weston Massachusetts - Single Family Homes - May 2011 Market Statistics Weston Homes For Sale There are currently 134 single family homes currently for sale in Weston Ma.(An increase of 8.94%.) The average list price for these homes is $2,400,257. (A decrease of 3.36%.) These homes have been on the market for an average of 148.94 days.(A decrease of 7.99%.) Weston Homes Under Agreement There are currently 20 single family homes under agreement to be sold in Weston, Ma.(An increase of 42.86%.) The average list price for these homes is $1,908,545.(An increase of 44.51%.) These homes have been on the market for an average of 94.75 days.(An increase of 23.63%.) Weston Homes Sold 11 single family homes sold this month in Weston, Ma.(Flat month-to-month.) The average sale price for these home...
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By Bob Tanski, Realtor
(Century 21 Shawmut Properties)
Weston Massachusetts - Condos - April 2011 Market Statistics Weston Condominiums For Sale There are currently 16 condos currently for sale in Weston Ma. The average list price for these condos is $995,544. These condos have been on the market for an average of 288.13 days. Weston Condominiums Under Agreement There are currently 2 condos under agreement to be sold in Weston, Ma. The average list price for these condos is $1,995,000. These condos have been on the market for an average of 340.50 days. Weston Condominiums Sold 0 condos sold during this month in Weston, Ma. The average sale price for these condos was $0. These condos were on the market for an average of 0 days. Absorption Rate Absorption Rate is the ability of the real estate market to sell all of the houses currently for sa...
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By Bob Tanski, Realtor
(Century 21 Shawmut Properties)
Weston Massachusetts - Single Family Homes - April 2011 Market Statistics Weston Homes For Sale There are currently 123 single family homes currently for sale in Weston Ma. The average list price for these homes is $2,483,589. These homes have been on the market for an average of 161.88 days. Weston Homes Under Agreement There are currently 14 single family homes under agreement to be sold in Weston, Ma. The average list price for these homes is $1,320,714. These homes have been on the market for an average of 76.64 days. Weston Homes Sold 11 single family homes sold this month in Weston, Ma. The average sale price for these homes was $1,023,182. These homes were on the market for an average of 119.91 days. Absorption Rate Absorption Rate is the ability of the real estate market to sell...
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By Bob Tanski, Realtor
(Century 21 Shawmut Properties)
This is the 1st in a series of quarterly posts looking at the Weston Massachusetts real estate market over the past 4 quarters. The first table below gives some general statistics for Weston Home sales over the last 12 months. This should give you a general idea what kind of money you need to get into the Weston housing market. Weston Home Sales 4/1/2010 - 3/31/2011 # of Homes Sold113 Average Sale Price$1,514,609 Median Sale Price$1.090,000 Minimum Sale Price$320,000 Maximum Sale Price$15,600,000 While it is all well and good to tell you on average you need to spend X number of dollars to buy a home in Weston, I think it would be more useful to give you some kind of idea of the size of house you can get for your money. The table below attempts to paint that picture for you. Although th...
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By Jim Mushinsky
(Centsable Inspection)
A Weston MA home buyer should receive a brochure, Home Inspectors Facts for Consumers Sheet, at the time of the signing of the first written contract to purchase. A standard home inspection in Massachusetts is a visual examination of the physical structure and major interior systems of a residential building consisting of one to four dwelling units. It should be understood that there are certain risks inherent in the purchase of property and a home inspection is inherently limited in its scope and depth. The information gained from home inspection conforming to the Massachusetts Home Inspector Standards of Practice may reduce some of those risks, but the home inspection is not intended to provide the client with protection from all of the risks involved. Visit the Weston MA Home Inspect...
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By Lynda Longmire
(Virtual Homes Real Estate)
The Weston MA real estate and home buying process can be complicated and you will benefit from the guidance of industry professionals. A real estate buyer's agent, mortgage lender and an attorney are the primary advisers in the purchase of property. If you are a first-time home buyer you may be eligible for special financing programs. Start your search be determining your price range, housing needs and lifestyle you desire. Weston MA real estate will assist you in finding the right property to meet your needs from local area homes for sale, foreclosed listings (bank-owned), land, condominiums,  all through the MA Multiple Listing Service (MLS). Request relocation, school and demographic information. Visit Weston MA foreclosures for a list of foreclosed and bank owned property. The Massa...
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By Linda Bee, Sudbury Concord Lincoln Lexington
(Keller Williams Realty Boston NW)
Here is a comparison I ran today for Weston MA -- Interesting the number of sales are down 50%, Market Time  has dropped significantly from 4 months to 1 1/2 month with the average sales price dropping approximately $100K.  Here are the stats Weston 2010 Single Family Listings: 10     Average List Price: $1,396,100     Average Sale Price: $1,303,628     Average Market Time: 43.00 2009 Single Family Listings: 21     Average List Price: $1,488,238     Average Sale Price: $1,412,052     Average Market Time: 122.19
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By Lori Liveston
(Virtual Homes, Real Estate)
Weston MA Real Estate Market Report - Q1 2010 The Weston MA Real Estate Market activity for single homes sold in Weston, MA shows that there were 16 single family homes transacted between 1/1/2010 and 3/31/2010 with an average sales price of $1,289,328 and an abereage days on the market (DOM) of 122.         MA Real Estate - Community, relocation and school information with town demographics. MA Foreclosures - Obtain a list of foreclosed and bank owned real estate and short sales MA MLS - View all listings in the statewide MLS. MA Homes for Sale - Map Search - Search by location, neighborhood and commuting. Weston MA Homes for Sale - Map based search Virtual Homes Real Estate provides search tools to assist you in learning about the community, listing and market conditions. Click on the...
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By Marilyn Messenger, Marilyn Messenger, Real Estate west of Boston
(Andrew Mitchell & Company)
Weston MA continues to offer lots of opportunities for luxury home buyers. The number of single family homes for sale in Weston is up from last year at this time; there are 71 homes available compared with 65 last year. Four of the homes for sale already have accepted offers with contingencies waiting to clear; and as there are 11 homes with sales pending. Prices in Weston range from $599,000 to $24,500,000; At $1,695,000 the median list price in Weston is less than it was year at this time when it was $1,950,000; the average is $2,584,584; also lower than last year at this time when it was $2,683,872. The price range with the most homes for sale in Weston continues to be $1,000,000 to $1,499,000; there are 21 compared with 7 last year at this time. There were 7 closed sales during Dece...
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By Marilyn Messenger, Marilyn Messenger, Real Estate west of Boston
(Andrew Mitchell & Company)
Lots of opportunities in Weston MA for luxury home buyers. The number of single family homes for sale in Weston is up from last year at this time; there are 97 homes available compared with 85 last year. Four of the homes for sale already have accepted offers with contingencies waiting to clear; and as there are fifteen homes with sales pending. Prices in Weston range from $595,000 to $24,000,000; At $1,795,000 the median list price in Weston is $100,000 less than last it was year at this time; the average is $2,603,561 - higher than last year because there are 3 homes listed for over 10 million. The price range with the most homes for sale in Weston is $1,000,000 to $1,499,000; there are 25 available compared with 16 last year at this time - lot's of excellent choices. There were 7 clo...
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By Marilyn Messenger, Marilyn Messenger, Real Estate west of Boston
(Andrew Mitchell & Company)
Excellent opportunities in Weston MA for luxury home buyers. The number of single family homes for sale in Weston is up from last year at this time; there are 103 homes available compared with 81 last year. Three of the homes for sale already have accepted offers with contingencies waiting to clear; and as there are sixteen homes with sales pending.Prices in Weston range from $449,000 to $14,000,000; median and average list prices in Weston are less than last year at this time. The median is $1,585,000; the average is $2,167,700. Last year at this time the median was $1,795,000; the average was $2,312,777. The price range with the most homes for sale in Weston is $1,000,000 to $1,499,000; there are 25 available compared with 12 last year at this time - lot's of excellent choices. There ...
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By Martin E. Kalisker, Esq., Real Estate Law From A Practical Perspective
  As of March 31, 2009, there were 105 single family listings in Weston on the Multiple Listing Service (MLSPin).  During March, 28 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 $1,650,090.   It is startling to see so many new home listings added to the market given the growing age of the inventory and market absorption rates.  Serious sellers would be well-advised to price to sell, rather than chase the market with on-going price improvements.  Also, if you didn't see the recent 60 Minutes special about the growing number of foreclosures due to option arms - Weston, just like many other affluent towns in Metrowest is going to experience a growing number of short sales and fore...
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By Lynda Longmire
(Virtual Homes Real Estate)
Weston MA Real Estate and Homes for Sale Buying a home is an important investment and your primary focus should be to solve a housing need. The process can be very complicated if you do not work with industry professionals that can provide accurate information and advise you properly. The professionals include mortgage lenders, Realtors, Attorneys, Home Inspectors and Accountants. If you are a first-time home buyer, you may qualify for a tax credit ($8000 in 2009) and could be eligible for special financing programs. Once you determine the price range, style, personal and family criteria then you will start the search for the right property.  The Virtual Homes MA MLS search tool provides immediate addresses and mapping so that you can search by the most important criteria - location. Fo...
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By Martin E. Kalisker, Esq., Real Estate Law From A Practical Perspective
     As of February 28, 2009, there were 83 single family listings in Weston on the Multiple Listing Service (MLSPin).  Weston continues to be a sought after area to live, but it is interesting to note that what is selling and what has recently been listed (or relisted) are below market averages for the town.  It goes without saying, however that there are a significant amount of properties on the Weston market that are very high-end luxury homes that will likely stay on the market for several months (if not years) before the "right" buyer finds the property.  Aggressive marketing to international markets is one way to  target buyers for these types of homes.   During February, 13 new single family listings were added to our MLSPin and an additional 7 single family homes were relisted f...
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By Martin E. Kalisker, Esq., Real Estate Law From A Practical Perspective
   As of January 31, 2009, there were 73 single family listings in Weston on the Multiple Listing Service (MLSPin).  Although home sales in Weston normally pick up in the Spring and Summer months, market absorption, average list prices and days on market are all indicators of the proverbial real estate train running out of control and into a brick wall.  Oversaturation in new construction and high-end home listings will continue to bring down the Weston market and this area may show continued price pressure as buyers are beginning to rethink the cost of home ownership - especially in the luxury home segment.  During January, 12 new single family listings were added to our MLSPin and an additional 9 single family homes were relisted for sale on the MLS, with an average list price of $2,7...
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By Martin E. Kalisker, Esq., Real Estate Law From A Practical Perspective
  As of December 31, 2008, there were 59 single family listings in Weston on the Multiple Listing Service (MLSPin).   Year to date sales figures show a sharp 35.9% decline in sales volume, although average sales prices are stable between the years 2008 and 2007. Based on current market absorption rates (see below), the market for single family homes in Weston appears to be "over supplied."  In other words, market supply exceeds demand, such that it is clearly a buyer's market, especially in the higher priced luxury home segment.  We should see a steady increase in days on market for certain Weston properties and continued price pressures from interested buyers.  During December, only 1 new single family listing was added to our MLSPin, with a list price of $1,900,000. Based on the numbe...
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Weston, MA Real Estate Professionals