South Natick Is Changing…Who Gets to Weigh In?

Town Administrator Martha White proposed creating a committee to create a recommendation for the future of the former Eliot School in South Natick, but the members of the committee have not been determined.

The town-owned property now houses the Eliot Montessori School, but the school’s lease ends in 2010 and the future of the site is uncertain. - Metrowest Daily News

South Natick may be undergoing some changes.

Carlson Real Estate is out.

Hughes & Hughes has shuttered their doors.

The property owned by the Eliot Montessori School, across the street from its’ present location has been cleared.

The future of the Sacred Heart Catholic Church building is up in the air.

And the building now being leased by Eliot Montessori and owned by the Town of Natick, needs a planning committee to determine the intended plans of the Montessori folks as well as the various options for the property, once the lease expires in 2010.

A prior committee had recommended the long term lease of the Eliot School property, but at last year’s Spring Town Meeting, it was decided to hold off on a vote and to also consider the possibility of selling.

And while some members of the town planning board may feel that South Natick residents may not bring needed skill sets to the table for this task, they may in fact bring the most important planning tool - they live there.

Neighborhood representation in this task is crucial. The very nature of shaping and molding the South Natick blueprint impacts the daily lives and real estate values of those who live in the neighborhood.

These are the folks who have first-hand knowledge about traffic patterns, foot traffic, and services needed.

South Natick representation would bring a wealth of knowledge and issues to the planning process.

BostonKayakGuy applauds Martha White’s intent to include neighborhood input as part of the proposal to bring before the Board of Selectmen.

The proposed committee would act in an advisory capacity with a mandate to prepare a proposal for the Town’s selectmen.

White has proposed that in addition to a South Natick resident, the committee include members of the finance and historical commisions, a town representative, and either herself or her selected appointee.

More:

Committee Forming To Examine Eliot School/Metrowest Daily News

JOHN PRESCOTT

-BostonKayakGuy

Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

Deal or No Deal…Accountability for Bailout Beneficiaries?

bostonkayakguy.wordpress.com — HoHoHo! You were very very bad this year. So you get a bailout. You were very very good this year. So you get to give your money to the bailout beneficiaries. And they won't tell you where it's gone...(more) BostonKayakGuy...John Prescott's The MetWest Scene

JOHN PRESCOTT

-BostonKayakGuy

Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

The average single family home price in Natick, MA is up from the year 2006-2007 but there were 71 less homes sold year 2007-2008. The average days on market is essentially the same. The list price to sold price average is 96% which is not too bad. There were far more luxury homes sold in the prior year. The highest price in Natick this past year was $1,282,000 while in the prior the highest sale was $2,275,000 The concentration seems to be between the $300k to $600K single family properties.

I have included a comparison chart for the period of 12/21/2006 to 12/21/2007 and then the period 12/21/2007 to 12/21/2008.

Property Type(s): SF Status: SLD Start Date: 12/21/2006 End Date: 12/21/2007 Towns: Natick

Price Range # of Listings Avg. Days on Market Average Sale Price Average List Price SP:LP Ratio Average Orig Price SP:OP Ratio $0 - $49,999 0 0 $0 $0 0 $0 0 $50,000 - $99,999 0 0 $0 $0 0 $0 0 $100,000 - $149,999 0 0 $0 $0 0 $0 0 $150,000 - $199,999 1 271 $150,100 $155,000 97 $225,000 67 $200,000 - $249,999 2 112 $240,100 $264,900 91 $264,900 91 $250,000 - $299,999 21 116 $276,045 $294,046 94 $306,046 91 $300,000 - $349,999 38 106 $324,695 $336,545 97 $352,641 93 $350,000 - $399,999 47 76 $375,753 $386,247 97 $399,674 95 $400,000 - $449,999 52 87 $421,563 $434,504 97 $445,993 95 $450,000 - $499,999 17 88 $468,956 $487,306 96 $502,700 94 $500,000 - $599,999 40 117 $551,729 $571,458 97 $585,473 94 $600,000 - $699,999 23 119 $642,891 $658,108 98 $675,934 96 $700,000 - $799,999 17 89 $735,612 $749,642 98 $760,065 97 $800,000 - $899,999 18 81 $835,826 $858,972 97 $864,694 97 $900,000 - $999,999 6 83 $933,917 $960,983 97 $985,317 95 $1,000,000 - $1,499,999 14 128 $1,204,036 $1,257,564 96 $1,269,421 95 $1,500,000 - $1,999,999 4 215 $1,669,125 $1,895,875 88 $2,067,250 83 $2,000,000 - $2,499,999 1 315 $2,275,000 $2,395,000 95 $2,800,000 81 $2,500,000 - $2,999,999 0 0 $0 $0 0 $0 0 $3,000,000 - $3,999,999 0 0 $0 $0 0 $0 0 $4,000,000 - $4,999,999 0 0 $0 $0 0 $0 0 $5,000,000 - $9,999,999 0 0 $0 $0 0 $0 0 $10,000,000 - $99,999,999 0 0 $0 $0 0 $0 0 Total Properties 301 Avg. 101 $538,661 $558,907 97 $575,775 94 Lowest Price: $150,100 Median Price: $435,000 Highest Price: $2,275,000 Average Price: $538,661 Total Market Volume: $162,137,000

Property Type(s): SF Status: SLD Start Date: 12/21/2007 End Date: 12/21/2008 Towns: Natick Price Range # of Listings Avg. Days on Market Average Sale Price Average List Price SP:LP Ratio Average Orig Price SP:OP Ratio $0 - $49,999 0 0 $0 $0 0 $0 0 $50,000 - $99,999 0 0 $0 $0 0 $0 0 $100,000 - $149,999 2 209 $127,500 $132,750 96 $132,750 96 $150,000 - $199,999 4 104 $163,225 $166,200 100 $209,950 82 $200,000 - $249,999 7 187 $229,271 $260,957 89 $278,229 83 $250,000 - $299,999 20 101 $280,205 $292,260 96 $313,255 90 $300,000 - $349,999 41 89 $320,006 $332,790 96 $344,578 93 $350,000 - $399,999 32 111 $368,325 $383,869 96 $395,291 93 $400,000 - $449,999 34 94 $424,050 $440,941 96 $453,804 94 $450,000 - $499,999 25 85 $471,432 $498,592 95 $508,316 93 $500,000 - $599,999 20 93 $528,660 $547,751 97 $569,096 93 $600,000 - $699,999 13 127 $644,038 $668,569 96 $674,885 96 $700,000 - $799,999 10 71 $763,050 $787,980 97 $797,980 96 $800,000 - $899,999 11 158 $855,436 $889,955 96 $929,055 93 $900,000 - $999,999 7 111 $951,047 $973,286 98 $1,005,286 95 $1,000,000 - $1,499,999 6 148 $1,126,812 $1,173,150 96 $1,251,317 91 $1,500,000 - $1,999,999 0 0 $0 $0 0 $0 0 $2,000,000 - $2,499,999 0 0 $0 $0 0 $0 0 $2,500,000 - $2,999,999 0 0 $0 $0 0 $0 0 $3,000,000 - $3,999,999 0 0 $0 $0 0 $0 0 $4,000,000 - $4,999,999 0 0 $0 $0 0 $0 0 $5,000,000 - $9,999,999 0 0 $0 $0 0 $0 0 $10,000,000 - $99,999,999 0 0 $0 $0 0 $0 0 Total Properties 232 Avg. 105 $468,238 $487,736 96 $504,879 93 Lowest Price: $120,000 Median Price: $420,000 Highest Price: $1,282,500 Average Price: $468,238 Total Market Volume: $108,631,251

Natick has much to offer with the commuter rail, the fabulous shopping at the Natick Collections. Parent reviews of the schools have been great. From personal experience we can't say enough good things about Metro West Hospital in Natick too. Our son received wonderful care there during a long recovery. He is doing great now. We are very grateful for the care he got there.

Natick is a neighboring town of Needham and Wellesley but certainly more affordable. A very pretty community with a wonderful history and lots of historical sites.

I thought I would share this a recent article from the Greater Boston Association of Realtors.*"According to the National Association of REALTORS® (NAR), pending home sales eased in October but remain in the stable range.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, slipped 0.7 percent to 88.9 from an upwardly revised reading of 89.5 in September, and is 1.0 percent below October 2007 when it was 89.8.

In the Northeast the index rose 0.6 percent to 68.1 but is 14.1 percent below October 2007.

"Despite the turmoil in the economy, the overall level of pending home sales has been remarkably stable over the past year, holding in a generally narrow range," said Lawrence Yun, NAR chief economist. "We did see a spike in August when mortgage conditions temporarily improved, which underscores two things - there is a pent-up demand, and access to safe, affordable mortgages will bring more buyers into the market."

Pat Baker, Broker Associate | Coldwell Banker Residential Brokerage |1 Chapel St., Needham, MA 02492 | 781.444.7400 | C: 617.435.3471 | E: Pat.Baker@NEMoves.com - www.patannbaker.com Serving my clients in Needham, Wellesley, Weston, Dover, Natick, South Natick, Sherborn, Dover, Dedham, Holliston, Millis, Medway, Medfield, Westwood.

Guess What the Fed Put in your Holiday Stocking?…$$$

What do the recent Fed actions regarding interest rates mean for you?
Well, the Fed’s actions have resulted in opportunity and buying power…the result of INCREDIBLE MORTGAGE RATES that are now available.

Rates as low as 4.9%,…30 year fixed with no points means opportunity knocks, BUY NOW!

Combine the favorable prices that we’re seeing right now in the real estate market, with great rates and a window of opportunity has opened.

How long the window will remain this far open is anyone’s guess.

However, history has proven that the rate curve is sure to bounce off a low point and start to rise.

Right now your buying power has increased at least 10% and has never been stronger.

For example,...(more)

Guess What the Fed Left in Your Holiday Stocking/John Prescott's The MetWest Scene

Call me…508-523-9252.

I’d be happy to discuss the rate changes and how they impact you, and bring you up do date on what’s available in the market.

JOHN PRESCOTT

-BostonKayakGuy

Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene

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