Newton Real Estate 6 Month Review
Looking at the sales for the past 6 months, I are happy to see an increase in number of sales as well as average sale price. This is good news. Of course, much of this can be attributed to the spring market and the Federal tax incentive program. We may see some wavering in the recovery when summer sales are reflected. Still let’s take the optimistic route and visualize an chart with the lines climbing up.
| Newton Single Families | ||||||
| Number of Properties | Average Price | Median Price | Days on Market | |||
| Active Listings | July 1, 2010 | 222 | $1,256,766 | $949,000 | 96 | |
| July 1, 2009 | 227 | $1,204,032 | $899,000 | 94 | ||
| Pending Sales | Jan-June 2010 | 319 | $1,013,972 | $759,000 | ||
| Jan-June 2009 | 314 | $931,320 | $699,000 | |||
| Solds | Jan-June 2010 | 254 | $854,694 | $722,628 | 70 | |
| Jan-June 2009 | 189 | $804,396 | $708,000 | 79 | ||
| Newton Condominiums | ||||||
| Number of Properties | Average Price | Median Price | Days on Market | |||
| Active Listings | July 1, 2010 | 163 | $525,477 | $429,000 | 112 | |
| July 1, 2009 | 188 | $551,641 | $474,000 | 116 | ||
| Pending Sales | Jan-June 2010 | 169 | $514,646 | $414,500 | ||
| Jan-June 2009 | 139 | $515,963 | $404,450 | |||
| Solds | Jan-June 2010 | 137 | $462,409 | $405,000 | 134 | |
| Jan-June 2009 | 93 | $450,690 | $390,000 | 92 | ||