Newton Home Sales Slip in March

Low inventory is likely to blame for the drop in home sales.

Newton’s single-family home sales took a bit of a tumble in March, which The Warren Group blamed on “shrinking inventory," that is “depressing sales volume." Mirroring a similar trend for the Commonwealth, single-family home sales in Newton dropped from 31 in March 2012 to 27 in March 2013, or a dip of just under 13 percent. So far this year, Newton has seen 81 homes sold – compared to 105 in 2012, according to The Warren Group, which publishes Banker & Tradesman. Statewide, March 2013 home sales dropped more than 3.5 percent compared to sales in March 2012. "Low inventory is plaguing housing markets all over the country, and Massachusetts is no exception," said David Harris, editorial director at The Warren Group. "With mortgage rates low…

• Photos (1)

Sold!

Sold: Four-Bedroom Newton Condo Sells for $725K

See what properties sold in Newton from March 20-26, and share your own recent home sales.

26 Chandler St. Unit A (condo) List Price: $749,900  Sold Price: $725,350 Sold Date: March 21, 2013 Living Area: 2,650 sq. ft. Rooms: 8  Bedrooms: 4  Baths: 3 full, 1 half   18 Keller Path (single-family) List Price: $487,000  Sold Price: $458,000 Sold Date: March 22, 2013 Living Area: 1,568 sq. ft. Rooms: 9  Bedrooms: 3  Baths: 2 full 210 Nahanton St. Unit #406 (condo) List Price: $275,000  Sold Price: $268,000 Sold Date: March 25, 2013 Living Area: 882 sq. ft. Rooms: 3  Bedrooms: 1  Baths: 1 full 1518 Beacon St. (single-family) List Price: $779,000  Sold Price: $875,000 Sold Date: March 25, 2013 Living Area: 2,877 sq. ft. Rooms: 15  Bedrooms: 6  Baths: 4 full 82 Church St. (single-family) List Price: $1,675,000  Sold Price: $1,625,000 …

• Photos (5)

Newton Home, Condo Sales Stagnant in February

A "low inventory" may be to blame for the decrease or stagnant home sale numbers.

Home sales in the Commonwealth are down a little from this time last year, according to new data from The Warren Group. Sales were down five percent this February compared to February 2012, according to statistics gathered by The Warren Group, the Boston-based real estate and banking information publishers for New England. Here in Newton, the city saw no change in February home sales; 33 homes were sold in February 2013, which is exactly the same as the number sold in February 2012. Year to date sales, though, are down almost 26 percent in Newton, according to The Warren Group numbers. At the end of February 2012, 74 homes had been sold in Newton compared to the 55 sold by the end of February 2013. Looking for more Newton real estate news…

•  2 Comments
• Photos (1)

Concerned Citizen

11:06 am on Wednesday, March 27, 2013

Meant the should "not" be   more ›

Newton January Home Sales Drop 46 Percent

Meanwhile, Massachusetts saw the highest January home sale numbers in five years.

Although Massachusetts January home sales are at the highest level in five years, the Newton real estate market had a slow start to 2013. Newton's home sales dropped by more than 46 percent in January 2013 compared to January 2012, according to statistics released by The Warren Group, the Boston-based real estate and banking information publishers for New England. At the end of January 2013, Newton had a total of 22 single-family home sales, a drop from the 41 home sales recorded in January 2012. Last month's single-family median sale price in Newton also dropped compared to what it was a year earlier. According to The Warren Group numbers, the January 2013 median sale price came in at $710,001 compared to $737,000 in January 2012, a more …

•  2 Comments
• Photos (1)

Marie Presti

9:36 am on Tuesday, March 5, 2013

A few more thoughts on the Newton Market and these statistics... When you're looking at a small sample size of closed sales for a particular type of property for a small period of time (one month) as opposed to in aggregate across all of these types across the entire year, you will get statistically inaccurate data. For example, if you look at Wellesley condo sales for January 2013 vs. 2012 there…   more ›

Sold!

What Homes Sold in Newton This Week?

See what sold in Newton from Jan. 24-30, and share your real estate success stories.

Here are this week's featured homes: 42 Evergreen Circle List Price: $1,450,000  Sold Price: $1,375,000 Sold Date: Jan. 24, 2013 Living Area: 6,037 sq. ft. Rooms: 12  Bedrooms: 5  Baths: 6 full, 1 half 113 Edinboro St. List Price: $359,500 (original list) Sold Price: $282,000 Sold Date: Jan. 25, 2013 Living Area: 1,080 sq. ft. Rooms: 4  Bedrooms: 2  Baths: 2 full   4 Hovey St. List Price: $945,000  Sold Price: $890,000 Sold Date: Jan. 25, 2013 Living Area: 4,696 sq. ft. Rooms: 16  Bedrooms: 8  Baths: 3 full 39 Andrew St. List Price: $769,000 (original list)  Sold Price: $740,000 Sold Date: Jan. 28 2013 Living Area: 2,016 sq. ft. Rooms: 9  Bedrooms: 3  Baths: 2 full, 1 half 46 Madison Ave. #46 List Price: $434,900  Sold Price: $433,000 Sold…

• Photos (5)

Newton Home Sales Up 15.6 Percent from Last Year

Figures are through the first 11 months of the year.

With a month to go in 2012, figures show that single-family home sales have increased in Newton by 15.6 percent over the same 11 month period in 2011, according to statistics gathered by the Warren Group, the Boston-based real estate and banking information publishers for New England. By the end of November, 631 single family homes were sold in Newton, 85 more than those sold by the end of November 2011.   According to the press release, Massachusetts home sales rose 38 percent in November. This is the largest year-over-year percentage increase in 2012 and the 11th consecutive month of gains.  While sales soared, median prices for single family homes in Newton have stayed relatively stable, increasing from $752,000 in 2011 to $780,000 in …

• Photos (1)