Thursday, January 14, 2010
There were 12 single-family homes sold during December 2009; exactly the same number as during December 2008; however, the median sale price was higher in December 2009 - $531,000 compared with $500,000 in December 2008. The average sale price was also up; $559,042 compared with $521,717.
Currently there are 50 single family homes for sale compared with 63 last year at this time. Of the 50, 5 already have accepted offers and are still active for backup offers only. List prices in Wayland range from $179,000 to $5,795,000. The median list price is $675,000, last year at this time it was $689,000. The average list price is $1,183,726 up from $1,050,712 last year. Average time on the market for current listings is 274 days; a year ago the average was 205 days. There are 10 houses with sales pending.
For anyone looking for easy living, there are excellent opportunities in Wayland. There are 25 condominiums on the market compared with 17 at this time last year. Prices range from $539,900 to $1,150,000; the median price is $539,900 and the average is $617,104; both approx. $15K less than last year. Note: interest rates are low and the expanded home buyer tax credit includes $6,500 for most current home owners (restrictions apply) and it's not just for move -up buyers; you can move down or move sideways as long as the price of the new property does not exceed $800,000.
To find out about opportunities in Wayland call 508-596-3501 or visit http://www.marilynmessenger.com/ for complete MLS home searches, daily listing alerts, news and information to help plan your move.