Like many other Greater Boston real estate markets, the Weston MA real estate sales market has had an excellent year. Weston single family home sales haven't kept pace with the Boston condo market, but when you have an average sale price of $1.5 million, you can understand why it takes a little more time to sell a luxury home in Weston. In 2013, volume was up roughly 15% from 2012, and average days on market was down 15%, which are two great measures for the Weston luxury home market. I am seeing a similar trend with Newton real estate, homes in Wellesley, and many other Boston luxury real estate markets.
If you are looking to purchase a home in Weston, there are currently 69 properties on the market, but only 11 of them are under $1 million. Unfortunately inventory is tight, and as we get closer to Thanksgiving and New Years, new single family home inventory will continue to dwindle.
Posted by Michael Sylvia on