Martin Kalisker, WEICHERT, REALTORS®- Synergy: Metrowest's Preferred Realtor

As of May 31, 2009, there were 115 single family listings in Natick on the Multiple Listing Service (MLSPin). During May, 31 new single family listings were added to our MLSPin and an additional 2 single family homes were relisted for sale on the MLS, with an average list price of $649,953.

Based on the number of active single family listings versus the number of sales during the month, there is a market absorption rate of 6.8 months. That is to say, based on the volume of sales during the past month, it will take approximately 203 days to sell all of the single family homes currently in inventory and sitting on the Natick market.

The average list price for a single family home is $684,711. The lowest price is $214,900 and the highest price is $2,195,000, with the largest concentration of homes (51.3%) priced in the $350,000 to $699,999 price range. Of note, the average list price for a single family home in May 2008 was $616,767.

The median price is $609,000 and the average days on market are 116 days. This compares to a median list price of $468,250 and average days on market of 128 days as of May 31, 2008.

There were 44 properties that went under agreement during the month of May (May 2008- 27 properties). 17 single family homes sold during the month, with the average sales price being $541,481 and the median was $472,000, with the average days on market being 129 days. Compare this to 21 properties sold during May 2008, with an average and median sales price of $432,164 and $411,000, respectively, and the average number of days on market being 129 days.

During May 2009:

34 properties experienced price changes averaging -3.38%

Sales price to original price was 92%

Sales price to (last) adjusted price was 94%

6 property listings expired with an average days on market of 145 days

Is now the right time to sell your home? Contact WEICHERT, REALTORS®-Synergy for a complimentary Price Trend Analysis that you can use to evaluate your options.

Looking for other options? Meet with a local Weichert neighborhood specialist to discuss how our expertise can provide you with a competitive edge in selling your property. Stop chasing the market. Let the market chase you! Contact us now at http://synergy-metrowest.com/cma.htm

http://www.synergy-metrowest.com

As of May 31, 2009, there were 221 single family listings in Wellesley on the Multiple Listing Service (MLSPin). During May, 49 new single family listings were added to our MLSPin and an additional 8 single family homes were relisted for sale on the MLS, with an average list price of $1,592,167.

Based on the number of active single family listings versus the number of sales during the month, there is a market absorption rate of 10.0 months. That is to say, based on the volume of sales during the past month, it will take approximately 301 days to sell all of the single family homes currently in inventory and sitting on the Wellesley market.

The average list price for a single family home is $1,672,476. The lowest price is $275,900 and the highest price is $6,500,000, with the largest concentration of homes (43.9%) priced in the $1,000,000 to $1,999,999 price range. Of note, the average list price for a single family home in May 2008 was $1,735,787.

The median price is $1,395,000 and the average days on market are 117 days. This compares to a median list price of $1,375,000 and average days on market of 109 days as of May 31, 2008.

There were 24 properties that went under agreement during the month of May (May 2008- 46 properties). 22 single family homes sold during the month, with the average sales price being $1,094,866 and the median was $1,065,000, with the average days on market being 186 days. Compare this to 41 properties sold during May 2008, with an average and median sales price of $1,562,183 and $1,400,000, respectively, and the average number of days on market being 125 days.

During May 2009:

70 properties experienced price changes averaging -5.56%

Sales price to original price was 91%

Sales price to (last) adjusted price was 92%

4 property listings expired with an average days on market of 143 days

Is now the right time to sell your home? Contact WEICHERT, REALTORS®-Synergy for a complimentary Price Trend Analysis that you can use to evaluate your options.

Looking for other options? Meet with a local Weichert neighborhood specialist to discuss how our expertise can provide you with a competitive edge in selling your property. Stop chasing the market. Let the market chase you! Contact us now at http://synergy-metrowest.com/cma.htm

http://www.synergy-metrowest.com

WEICHERT, REALTORS®-Synergy in Wellesley Hills, MA announced today that cell phones can be turned into the ultimate house-hunting tool. We are providing consumers with a mobile application called Homes for Salethat makes it possible to search all local property listings on the Massachusetts MLSPin from their phone, regardless of who the listing agent is. Homes for Sale can be downloaded FOR FREE to cell phones, iPhones and BlackBerry devices by visiting our homepage at www.synergy-metrowest.com or by clicking on the graphic to the left.

With Homes for Sale, consumers can be in any neighborhood and view detailed home information at the touch of a button. The GPS technology in the mobile phone, where available, locates users and pulls up addresses and information on property listings in their immediate area. Sales price, square footage, tax information, beds/baths, interior and exterior features and pictures become available instantly in the palm of their hand.

Consumers can also search by city, zip code, address, or community name when GPS is not available, or if they want to search for real estate in a particular area other than their current location.

The "Call to See" feature within the Homes for Sale application will connect users to our office if they have further questions or want to schedule a tour of the property. One of our neighborhood specialists will be available to further assist users.

When downloading the application from the WEICHERT, REALTORS®-Synergy website, http://www.synergy-metrowest.com, consumers will find a Go Mobile! page which provides additional information about the Homes for Sale application instructions on how to send an applet to their personal cell phone. Users simply select their cell phone carrier, the make/model of their device and enter their cell phone number into the downloader tool. Instantly, the application is sent via text message and downloaded to their cell phone just like a game or ringtone.

Homes for Saleis available across every carrier and mobile device via a fully downloadable application or mobile web (WAP) version. The fully downloadable version is live on hundreds of cell phone models on AT&T, Sprint and T-Mobile. If your carrier or cell phone model is not listed on the downloader tool, simply select ‘Other' and download the mobile web (WAP) version. Smarter Agent is also available on BlackBerry devices as well as the iPhone. The fully downloadable version for Windows Mobile devices, as well as other devices and major carriers, will be added over the coming months.

Homes for Sale is free to download on BlackBerry devices across all carriers and on the iPhone. In addition, there is a free WAP version and the appliction can also be bookmarked on web-enabled mobile phones. For other devices, a nominal monthly carrier charge may apply, dependent on device and carrier, billed directly to your carrier statement.

Act Now! The price for a 1-ounce First-Class Mail stamp is going to increase from 42¢ to 44¢ starting on May 11. The US Postal Service also says that prices for other mailing services - Standard Mail, Periodicals, Package Services (including Parcel Post), and Extra Services - will also change. Although it just seems that the price of postage just increased in January - that was only for Express and Priority Mail. As a consolation, the USPS states that the average increase by class of mail is "at or below the rate of inflation as measured by the Consumer Price Index."

Now is a great time to stock up on "Forever Stamps" at the current 42¢ rate. These stamps will always be accepted for First-Class Mail at any time - now and in the future, without the need to pay the current rate of postage (hence the "forever" moniker).

Since the USPS plans to adjust the price of mailing services each May, it may make even more sense to stock up on the Forever Stamps today!

If you haven't heard about it yet, Inman News is offering a $200 Amazon.com gift card to the person who the judges deem to have written the best essay on the topic of "Fixing the Foreclosure Crisis." If you are interested, your essay (being 500-1,000 words in length) should be sent to future@inman.com. The contest is open to Realtors and non-Realtors, alike.

In addition, they will also award a free pass to the upcoming Real Estate Connect conference in San Fransico, to the author of each essay that they publish in full at Inman.com.

Inman News will retain all copyrights for published works.