Single Family Home Sales in Weston, MA - A Market Update 11/30/08
By Martin E. Kalisker, Esq., Real Estate Law From A Practical Perspective
As of November 30, 2008, there were 82 single family listings in Weston on the Multiple Listing Service (MLSPin). For the year, home sales are down 38%, while home prices have stayed steady. This seems to indicate a trend for what the market is willing to bear in Weston, and homes in the high-end of the luxury range are likely to age in inventory. What is surprising, however, is that new high-end inventory is coming on the market. Don't the contactors and Realtors® in Weston understand that we are in a Global Recession? During November, 7 new single family listings were added to our MLSPin, with an average list price of $3,779,429 (Note: this average list price is skewed due to a new listing added for $14,000,000). Based on the number of active single family listings versus th...
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