Know Your Market: Newton, MA Market Statistics [3.13.2009]

In an effort to be knowledgebale of our current market, I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham and Brighton. Below are the market statistics in Newton, MA. I will be posting the market Statistics for Newton, MA on Fridays.

Opportunity is the name of the game in Newton. Newton was featured in an article for Boston Magazine titled "Best Places to Live 2009: The Teflon Ten". In this article it calls Newton condos a cautious buying opportunity because the median sales price is down 5% from 2007.

The Newton Market Statistics definitely present great opportunity for buyers across the board. There is an increase in inventory, a decrease in average and median sales prices and interest rates are still relatively low.

With a rise in inventory that means that there are more options availabe. 203 single family homes in 2009 vs 157 single family homes on the market in 2008.

I know that this will post will worry sellers, but please do not fret. Depending on when you bought, you may still have equity in your home too.

For more information on my business please click the logo below or email me at mark@smarthomesboston.com. This is the first installment of the video series, so anything you are interested in having me discuss then please email me or call me at 617.448.9481.