Friday, January 15, 2010

Weston Real Estate - Luxury Home Prices Drop!

Weston MA continues to offer lots of opportunities for luxury home buyers. The number of single family homes for sale in Weston is up from last year at this time; there are 71 homes available compared with 65 last year. Four of the homes for sale already have accepted offers with contingencies waiting to clear; and as there are 11 homes with sales pending.

Prices in Weston range from $599,000 to $24,500,000; At $1,695,000 the median list price in Weston is less than it was year at this time when it was $1,950,000; the average is $2,584,584; also lower than last year at this time when it was $2,683,872. The price range with the most homes for sale in Weston continues to be $1,000,000 to $1,499,000; there are 21 compared with 7 last year at this time.

There were 7 closed sales during December 2009; there were 4 in December 2008. The median sale price was $1,300,000, down from $1,342,4501 previous December; the average was $1,571,857, up from $1,230,075 during December 2008, and the average time it took to sell a house was up substantially - 348 days compared with 76 in December 2008.

There were 99 homes sold in Weston for the year 2009, only one more than during 2008. The median price was down by 5.8%; and the average dropped 10.6%.

To find out what homes are available in Weston call 508-596-3501 or search MLS listings, get daily listing updates, news and information at 24/7.

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