Wellesley Massachusetts Real Estate Market Report 1st Quarter '08

The total number of single family home sales in Wellesley for the 1st quarter of 2008: 50. The change from thesame period last year (61): -11, a decrease of 18%.

The median sale price was $1,079,750. The change from the same period 2007: -$70,250, a decrease of 18%.

Average Days on Market was 146, slightly less than the same period last year (155). The average List Price to Sales Price ratio also decreased slightly, to 96% from 95%.

There are currently 133 single family homes on the market in Wellesley, down from 157 a year ago. The median asking price is $1,375,000, up from $1,259,000 1 year ago.

All information is from the MLS Property Information Network, Inc.

If you are buying a home, there hasn't been a better time in years. There is more inventory, fewer buyers, and sellers are pricing their homes much more realistically. Interest rates are excellent. Desirable towns like Wellesley have always been a good investment, as well as a wonderful place to raise a family. The first step in the homebuying process is finding an experienced buyer agent to represent you. Now more than ever, experience matters.

Homes that are priced right are selling. If you are selling call or e-mail me to find out more about how to price your home for today's market. The first step in selling a home is to select the right Realtor. I have over 15 years experience assisting sellers and buyers in Wellesley and surrounding Metrowest towns.

Jon Treon can be reached via email at jon@jontreon.com or by phone at 508-397-6081. Jon has been assisting buyers and sellers in Metrowest Boston for the last 15 Years. Visit my website at http://www.jontreon.com/ for the latest MLS listings and buyer and seller info.