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John Prescott Top Real Estate Agent: Wellesley,Needham,Natick,Metrowest

Natick's Best Bang For Your Buck!

$369000 / 4br

- NATICK's Best BANG for your Buck

Open House: January 31, 2-3:30 (Natick)


Date: 2010-01-29, 8:27AM EST


John Prescott, Vice President | Century 21 Commonwealth | 508-523-9252
14 Dwight Ave, Natick, MA
OPEN HOUSE 1/31, 2:00-3:30
4BR/2BA Single Family House
offered at $369,900
Year Built 1952
Sq Footage 1,990
Bedrooms 4
Bathrooms 2 full, 0 partial
Floors 1
Parking 4
Lot Size 10,062 sqft
HOA/Maint $0 per month

see additional photos below
PROPERTY FEATURES

- Central A/C - Central heat - Fireplace
- Tile floor - Family room - Living room
- Dining room - Dishwasher - Stove/Oven
- Laundry area - garage - Balcony, Deck, or Patio - Yard

ADDITIONAL PHOTOS


Front



Contact info:
John Prescott, Vice President
Century 21 Commonwealth
508-523-9252
For sale by agent/broker

Equal Opportunity Housing
Posted: Jan 26, 2010, 8:40am PST

South Natick, dover, sherborn, needham, wellesley, boston globe, open houses, framingham

14 Dwight (google map)

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

Natick Market Posts Stability

Charles River Falls, South Natick

Real Estate in NATICK exhibited resilience and stability for 2009 « BostonKayakGuy John Prescott’s The MetWest Scene… http://bit.ly/5o8BeY

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

New Natick Listing - Very Special!

NEW LISTING, First Ad!


John Prescott, Vice President | Century 21 Commonwealth | 508-523-9252
12 Edgewood, Natick, MA

4BR/2BA Single Family House

offered at $479,000
Year Built 1924
Sq Footage 2,134
Bedrooms 4
Bathrooms 2 full, 0 partial
Floors 2
Parking 4 Uncovered spaces
Lot Size 18,295 sqft
HOA/Maint $0 per month


see additional photos below
PROPERTY FEATURES

- Central heat - Hardwood floor - Tile floor
- Living room - Office/Den - Dining room
- Breakfast nook - Dishwasher - Refrigerator
- Stove/Oven - Microwave - Granite countertop
- Attic - Basement - Laundry area - inside
- Balcony, Deck, or Patio - Yard

ADDITIONAL PHOTOS


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Contact info:
John Prescott, Vice President
Century 21 Commonwealth
508-523-9252
For sale by agent/broker

The Numbers are in for the first nine months of 2009 vs. 2008

Wellesley, Needham, and Natick third quarter year to date results are in!

How do the MLS single family numbers for the first 9 months of this year compare to the same period last year?

While WELLESLEY has made up some ground from dismal sales earlier this year, sales dollar volume through 9/30/2009 remains down by 32.5% and unit volume is down 20.6% as compared to last year. Inventory levels as of 10/7/2009 in Wellesley have increased a dramatic 48.9% as compared to the same date last year. Wellesley’s median price for this period has fallen 16.8%.

NEEDHAM continues to hold ground for this period with unit volume nearly flat and dollar volume off just 6.4%. Needham’s median price has slipped a modest 4.4%.

NATICK picked up a little momentum for this period with a 6.95% increase in unit volume and a 7% increase in dollar volume. Natick’s median price has remained stable for this period. With the inventory of single family homes in Natick dropping by 22.4% on 10/7/2009 as compared to 10/7/2008 it appears the supply of homes for sale is not keeping up with demand.

Natick Sellers! This means now may be a good time to sell. It is possible that a large inflow of inventory in the Spring could satisfy demand and soften prices?

Percentage change for the First nine months of 2009 vs. 2008

………………….WELLESLEY………..NATICK…………….NEEDHAM

SALES Units…………….- 20.6%…………………. + 6.95%………………….. - 1.4%

$ VOLUME……………….- 32.5%……………..…….+ 7.0%………….………….- 6.4%

Median Price…………….- 16.8%.……………..…… flat …………………………. -4.4%

Units in Inventory.. …. + 48.9% ………… -22.4%…...……………….. +8.9%

JOHN PRESCOTT, Vice President

Century 21 Commonwealth

508-523-9252


Natick, Needham, and Wellesley Real Estate Trends...June 2009

Results Are In!..Local Real Estate Market… Wellesley, Needham, Natick


As I have reported earlier this year the market varies greatly by town.

Needham and Natick are demonstrating stability and equilibrium with sales and inventory in balance.

Wellesley on the other hand has seen both sales units and dollar volume plummet by 42.8% and 51.3% respectively.


Combine drastically lower sales in Wellesley with inventory that has skyrocketed 74.8% and you get a market significantly out of balance.

Perhaps sellers are trying to out wait cautious buyers? More likely, by waiting to reduce their asking prices, sellers will ultimately have to sell at an even lower price. The alternative is to not move.

NEEDHAM and NATICK are stabilizing and WELLESLEY needs a dose of reality to regain equilibrium.

Percentage Change for the First Half of 2009 vs. 2008

………………………NEEDHAM……… WELLESLEY ………..NATICK

SALES Units.………….. flat…………………...…..- 42.8%…………………….. – 11.0%

$ VOLUME ……………- 2.6%……………………. – 51.3% ……………………..- 14.1%

Median price………….. flat ………………………..- 3.7% ………………………+ 4.9%

Units in Inventory….. + 2.6% …….. ……………. + 74.8% …………………….- 12.5%


Two major factors are at play in the local real estate markets. The basic law of supply and demand, or in the case of Wellesley, oversupply, and the credit markets that remain heavily biased against jumbo loans needed to finance the vast majority of homes in Wellesley.

Despite some modest improvement from the first quarter, the numbers tell us that home prices in Wellesley still face downward pressure before the market will gain equilibrium.

Your thoughts?

John Prescott, Vice President

CENTURY 21 Commonwealth

508-523-9252


…JOHN gets results because he knows his business!