About Needham's Needham Heights

Active Listings as of today 105

Price range $374,000 to $3,500,000

4 single family homes between $400,000 and $449,000

5 " " " " $450,000 and $499,999

15 " " " " $500,000 and $599,999

20 " " " " $609,000 and $699,900

8 " " " " $700,000 and $799,999

4 " " " " $800,000 and $899,999

5 " " " " $ 900,000 and $999,999

4 " " " " $ 800,000 and $899,999

26 " " " " $1,049,000 and $1,499,000

10 " " " " $1,590,000 and $1,849,000

4 " " " " $2,095,000 and $2,399,000

2 " " " " $2,750,000 and $2,900,000

1 " " " at $3,500,000

Median Price: $779,000

Average Price: $1,031,567

Average Days on Market: 126

15 properties sold since 2/24/08

11 properties went under agreement same period

5 Expired listings

Pat Baker, Associate Realtor Coldwell Banker Residential Brokerage, Needham, MA: Search properties, schools, etc. here: www.patannbaker.com

On New Year's Eve our office had the pleasure of displaying some the of unique and creative pottery from the Potter's Shop on Thorpe Street, Needham, MA.  Take her invitation and come in and visit.  They have some wonderful works there.

Pat Baker, Real Estate Agent with Coldwell Banker Residential Brokerage of Needham, MA - Working with buyers and sellers in Needham, Wellesley, Weston, Natick, South Natick, Westwood, Dover, Sherborn, Newton,Holliston

patbaker.wordpress.com

Needham is hot!

Where our Town Needham stands. I would say ...Needham is hot.

Well in the town of Needham property increased 17.9.% over the past 5 years. According to Boston Magazine there are 29 neighborhoods and towns that are holding their value. You would never know it if your only listened to the news. All bad news all the time. Except for yesterday I heard a quote on the News that the National Association of Realtors said that there seems to be recovery coming.

"According to research done by Municipal Benchmarking, which studied Needham against Lexington and Wellesley, and 17 other communities, Needham ranks 4 in MCAS scores."1 There is so much bang for the buck. This is why the market keeps strong and yes there homes in a wide price here too. They don't last long but they come and pretty soon go.

In the past month 19 homes went under agreement between $450,000 and $3,000,000+. In six days there were 6 properties that went under agreement. Needham remains a strong market. There is a great selection of new construction in wonderful neighborhoods.

Needham is a great town to buy your first home and your second, and your third, etc. You are investing wisely here.

*1. Boston Magazine

Pat Baker, Real Estate Agent - Needham Based - Coldwell Banker Residential Brokerage - Servicing buyers and sellers in Needham, Needham Heights, Natick, South Natick, Dover, Dedham, Westwood, Sherborn, Holliston, Newton, Weston, Wellesley. patbaker.wordpress.com

There certainly has been an uptick in the Needham market lately. The increase has been in Open House attendance and in properties going under agreement.

In the past 7 days 9 properties went under agreement. Of the 9 properties that went under agreement 7 of those were Coldwell Banker Residentail Brokerage agents. One of those properties was on the market just 2 days. Another property that has been on for 817 days finally sold.

Presently there are 78 active Single Family Homes on the Market in Needham. The price range is from $439,000 to $3,500,000. Average days on market 134 and the average price is $1,116,542.

In the last 7 days 3 new listings came on the market:

$499,000

$520,000 - which went under agreement in 2 days

$609,000

Prices are great. Interest rates are also great. Good time to buy a home in Needham.

The market report was prepared by: Pat Baker, Licensed Real Estat Broker Associate with Coldwell Banker Residential Brokerage of Needham, MA: Covering the MetroWest Area. Needham, Needham Heights, Wellesley, Weston, Westwood, Dover, Sherborn, Holliston, Dedham, Newton, Walpole, Norwood, Natick. www.patannbaker.com

Area Market Survey for Needham, Massachusetts

January 14 to February 14th 2008

Active Listings

84 Single Family homes for sale in Needham, MA ranging in price from $350,000 to $3,500,000

1 - $399,900 810 days on market

2 - $429,000 & $439,000 average days 71

2 - $479,000 & $499,000 average days 69

10 - ranging from $500,000 to $599,999 average days 72

15 - ranging from $600,000 to $699,999 average days 94

7 - ranging from $700,000 to $799,999 average days 72

5 - ranging from $800,000 to $899,999 average days 126

5 - ranging from $900,000 t0 $999,999 average days 122

23 - ranging from $1,000,000 to $1,499,999 average days 120

8 - ranging from $1,500,000 to $1,999,999 average days 324

2 - ranging from $2,000,000 to $2,499,999 average days 67

3 - ranging from $2,500,000 to $2,999,999 average days 297

1 - $350,000 with 91 days on market

3 Expired listings during that time

24 Properties had price changes with total of 25 price changes averaging -6.58% translating to -$66,687.50.

22 Pending/Under Agreement Listings average days on Market 90

11 Properties sold ranging from $484,000 to $1,225,000

Median Price: $749,000

Average Price $ 773,614

Average days on market 107

For the period of 2/14/07 to 2/14/08

#1 Brokerage in Needham is Coldwell Banker Residential Brokerage of Needham with 92 units sold and 107 sides.

Total Listings Selected: 350 Unit Dollar Volume: $529,580,772.00 * Unit Dolar Volume calculated using double count method.

For all you Real Estate Needs contact Pat Baker, Licensed Broker Associate with Coldwell Banker of Needham, Massachusetts: Serving Needham and Metro West which includes: Dover, Wellesley, Weston, Holliston, Sherborn, Dedham, Westwood, Newton. www.patannbaker.com