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Needham Market October 07 compared to October 08

The Needham Market now versus last October.

The market in Needham is ok despite what is going on in other areas. There is some change in the market this October over last October in days on market and list price but considering what is going in all the markets it is really pretty good.

I personally do not think anyone can go wrong purchasing a home in Needham. In years past the Needham Cooperative Bank, now known as the Needham Bank was always happy to lend for a purchase of a home in Needham. They never felt that it was a risk.

I will be adding a report on sold properties now versus same time last year tomorrow.

The rates are still good despite the market volatility.

Report Run: 10/22/2008 11:39:21 AM
Property Type(s): SF
Snapshot Date: 10/22/2007
Towns: Needham
10/22/2007 10/22/2008
Price Range Number of
Listings		 Avg. Days
on Market		 vs. today Number of
Listings		 Avg. Days
on Market
Under $50,000 - - - -
$50,000 - $99,999 - - - -
$100,000 - $149,999 - - - -
$150,000 - $199,999 - - - -
$200,000 - $249,999 - - - -
$250,000 - $299,999 - - - -
$300,000 - $349,999 - - - -
$350,000 - $399,999 3 285 3 120
$400,000 - $449,999 7 132 3 106
$450,000 - $499,999 4 39 5 131
$500,000 - $599,999 11 66 21 63
$600,000 - $699,999 13 93 16 110
$700,000 - $799,999 18 108 9 62
$800,000 - $899,999 6 73 6 226
$900,000 - $999,999 12 136 4 116
$1,000,000 - $1,499,999 28 129 26 121
$1,500,000 - $1,999,999 10 250 15 245
$2,000,000 - $2,499,999 - - - -
$2,500,000 - $2,999,999 3 106 2 252
$3,000,000 - $3,999,999 3 106 2 241
$4,000,000 - $4,999,999 - - - -
$5,000,000 - $9,999,999 - - - -
Over $10,000,000 - - - -
Total Properties 118 Avg. 124 112 Avg. 130
Lowest Price: $385,000
Median Price: $864,000
Highest Price: $3,295,000
Average Price: $1,038,885
Total Market Volume: $122,588,500
Lowest Price: $359,000
Median Price: $799,000
Highest Price: $3,500,000
Average Price: $1,021,865
Total Market Volume: $114,448,900

Pat Baker, Accredited Buyer's Agent - Coldwell Banker Residential Brokerage - Needham, MA - Serving my clients in Needham, Wellesley, Dover, Weston, Natick, South Natick, Dedham, Westwood, Millis, Medway, Mefield, Holliston, Sherborn. www.patannbaker.com 617-435-3471

Posted Wednesday Oct 22