Needham Market Report June 2011

For sure the the average list price has increased quite a bit at 12% over last year and the ratio from list to sale price is pretty constant from year to year. The luxury market is slower but still homes are selling well in Needham. The concentration is still in the first time buyer price ranges of $500k and $600k. In the state of Massachusetts the unemployment is far better than many other states. Due to the close proximity of Boston. The fact is that Needham and other communities have seen a price increase. We don' always hear the good news in the media but there is some good news in the Real Estate market.

Needham offers a wonderful community with the finest of schools both private and public. I know that often those living in the city want to move to Needham because their friends have and the have heard of the wonderful schools and community spirit Needham has. Needham has the Beth Israel Deaconess Hospital Needham Campus which is of course part of the Boston campus with the same doctors. We are certainly fortunate to have all that Needham offers for all ages.