Natick, MA

The following is a market recap for the 2^nd week of November in Natick:

There were five new residential listings:

12 Maine Avenue - 3 bedroom Bungalow - List price $289,000

18 Ranger Road - 4 bedroom Cape - List price $407,900

18 Eisenhower Avenue - 4 bedroom Cape - List price $499,000

48 North Main Street - 3 bedroom Colonial - List price $529,000

4 Course Brook Lane - 4 bedroom colonial - List price $755,000

Three properties went under agreement:

72 Hartford Street - 3 bedroom Colonial - List price $339,900

4 Laconia Road - 3 bedroom Colonial - List price $479,000

25 Indian Rock - 4 bedroom Colonial - List price $750,000

Two properties closed:

59 West Central Street - 3 bedroom Colonial - Sold price $283,000

8 Woodland Street - 3 bedroom Cape - Sold price $480,000

There are currently 90 active listings. The average price is $654,005. The average market time is 119 days.

Click here to see all current single family listings in Natick - All Natick Homes

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Copyright 2009 - Claudette Millette, Broker, Owner, TheBuyersCounsel

Learn More about Massachusetts Home Buyer Representation - Greater Boston and MetroWest Massachusetts - Serving Massachusetts Home Buyers Since 1992

Ashland, Holliston, Hopkinton, Natick, Newton, Northborough, Framingham, Shrewsbury, Sherborn, Southborough, Sudbury, Wayland, Westborough

Natick Market statistics for Q3 2009 -single family homes Sold

Search for Natick Homes for sale HERE

The following is a market recap for the first week of November in Natick:

Five new residential listings:

25-A Hartford Street - 4 bedroom Colonial - List price - $432,700

10 Phillips Pond Road U:10 - 3 bedroom Contemporary - List price - $949,000

Lot 7 Walnut Hill Drive - 4 bedroom Colonial - List price - $999,000

Lot 8 Walnut Hill Drive - 4 bedroom Colonial - List price - $1,075,000

Lot 10 Walnut Hill Drive - 4 bedroom Colonial - List price - $1,099,000

Two properties went under agreement:

78 Maccarthur Road - 4 bedroom Cape - List price - $424,900

62 Pleasant Street - 5 bedroom Colonial - List price - $799,000

Two properties closed:

3 Bunker Lane - 3 bedroom Cape - Sold price - $335,000

25 Kelsey Road - 3 bedroom Cape - Sold price - $352,500

There are currently 88 property listings in Natick at an average price of $654,594 with an Average Market Time of 120 days.

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Copyright 2009 - Claudette Millette, Broker, Owner, TheBuyersCounsel

Learn More about Massachusetts Home Buyer Representation - Greater Boston and MetroWest Massachusetts - Serving Massachusetts Home Buyers Since 1992

Ashland, Holliston, Hopkinton, Natick, Newton, Northborough, Framingham, Shrewsbury, Sherborn, Southborough, Sudbury, Wayland, Westborough

Situated on the streets of Whispering Lane, Harvest Moon Drive, Deer Path and Doeskin Path in Natick, Massachusetts is the community of Sanctuary Estates.

This 35 lot subdivision offers a quality of life that is luxurious as well as tranquil.

Sanctuary Estates is located in South Natick, the original section of town that was settled by Native Americans when they first arrived on the shores of the Charles River. These first settlers named the community "Natick" which means "place of hills", and a number of homes in this development are prominently situated on hills which offer an additional amount of privacy and grandeur.

South Natick, an area that is known for being a region of affluence, is bordered by the towns of Wellesley, Dover and Sherborn.

The homes in Sanctuary Estates are all semi-custom homes that are built to order with seven original plans to choose from. Homes sizes range from 3,000 sq. ft. to over 5,000 sq, ft. with lot sizes up to 4 acres.

Clients who have bought in this development say that, along with the serene, suburban lifestyle, they mostly enjoy the convenience of a short, 20 minute drive into Boston.

Currently, there are three lots available on Whispering Lane, Harvest Moon and Deer Path. Prices of these new homes range from $939,990 to $1,059,990.

In addition to the new construction, there are two resale homes available - one at 4 Deer Path priced at $1,249,000, as well as 7 Harvest Moon Drive at $1,199,000.

For more information on Sanctuary Estates or for a guided tour of the properties, please call me at 508-881-6230and I will be more than happy to show you this lovely community and all that South Natick has to offer.

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Copyright 2009 - Claudette Millette, President, TheBuyersCounsel - 800-392-1446 - E-mail

Learn More about Massachusetts Home Buyer Representation - Greater Boston and MetroWest Massachusetts - Serving Massachusetts Home Buyers Since 1992

Ashland, Holliston, Hopkinton, Natick, Newton, Northborough, Framingham, Shrewsbury, Sherborn, Southborough, Sudbury, Wayland, Westborough

Going. Going - But not totally Gone.

The saga of the Nouvelle at Natick continued yesterday with the auctioning off of 55 of its remaining 178 luxury condos.

Nearly 400 people stood in the excitement-filled atmosphere in the Crowne Plaza Boston ballroom as buyers, each with a $10,000 certified check in hand, scooped up some incredible deals.

The most expensive unit, a three-bedroom three-bath, 2,110-square-foot 12^th-floor unit sold for only $626,000 which was 37 percent of its original asking price of $1,684,900.

Three others of the $1 million dollar-plus units also sold for an average of 37 percent of their asking price.

A one-bedroom, 922-square foot condo which had originally listed for $514,900, sold to a lucky bidder for $281,000.

Bankrupt owner General Growth Properties had previously hoped that its $170 million condo development adjacent to the Natick Collection Mall, with its top of the line finishes, world class sports club and designer rooftop garden would be a hit in the suburbs.

However, prior to yesterday's auction, only 37 of the 215 units had been sold or were under agreement. This was their situation, despite a great deal of hype which had initially surrounded the project.

The original concept was for a pampered life in a protected and luxurious environment with close proximity to shopping and restaurants. Promoters compared it to a downtown existence with the benefit of being in the suburbs.

There were a number of problems with this theory but two specifically glared out at me when I wrote my post last year cautioning against buying into this complex:

• A life at the intersection of Speen Street and Route 9 is not something that can be compared to downtown Boston. It is far from being an attractive area with the closest cultural venue being the General Cinema Movie Theatre.
• The price tag for these units was much too high for the area.

Unfortunately, the buyers who purchased the 37 units at their original asking prices are left in an unenviable situation. If they financed these units, they are or will soon be under water as property values at this complex plummet.

The Natick Nouvelle would appear to be the latest casualty of the recession, possibly combined with some poor planning and unrealistic expectations.

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Copyright 2009 - Claudette Millette, President, TheBuyersCounsel - 800-392-1446 - E-mail

Learn More about Massachusetts Home Buyer Representation - Greater Boston and MetroWest Massachusetts - Serving Massachusetts Home Buyers Since 1992

Ashland, Holliston, Hopkinton, Natick, Newton, Northborough, Framingham, Shrewsbury, Sherborn, Southborough, Sudbury, Wayland, Westborough

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