NEEDHAM THRIVES/HOMES ARE SELLING/PEOPLE WANT TO LIVE HERE

NEEDHAM THRIVES/HOMES ARE SELLING/PEOPLE WANT TO LIVE HERE. Needham is insulated it would appear. It is proven over and over again by how the homes just keep selling. We have been insulated here. There are 25 properties that have pending sales in the past month. There were 21 homes that closed in the past month from $350,000 to $1,530,000 at 97% of the asking price and original price and that was average. One sold for 106% of original price. There are only 86 single family homes on the market at the present time.

The newest report is that that sales are up 6.6% in Massachusetts over last year compared to sales in October, 2007. With inventory down properties will go up in price. according to the Massachusetts Association of Realtors.

Plus the announcement of the drop in interest rate that is a tangible help to today's buyer. It went down a whole .5% to roughly 5 1/2%.

There are reasons to be optimistic in the real estate market in Needham, Massachusetts today.

Pat Baker, Real Estate Expert - Coldwell Banker Residential Brokerage, Needham, MA - Serving my clients in Needham, Wellesley, Dover, Natick, South Natick, Holliston, Sherborn, Weston, Dedham, Millis, Medfield, Medway, Westwood. www.patannbaker.com 617-435-3471