Business & Tech
What Sold in Your Neighborhood this Week, March 3rd to March 9th
Read about Boston Magazine's breakdown of Wakefield's medium home prices and get a Wakefield market update.
This was a slow week for sales in Wakefield, but a busy week for new listings and homes going under agreement. This means that we can expect significant activity in the weeks ahead.
Read on for the Wakefield Market Update and a special report from Boston Magazine reporting on Wakefield's median home prices.
MARKET UPDATE
Find out what's happening in Wakefieldfor free with the latest updates from Patch.
There are 46 single family homes, 7 multi-family homes and 40 condominiums/townhouses active in Wakefield this week looking for the right buyer to make them a home.
The average active home price is $483,535 for single family homes, $486,671 for multi-family homes and $322,968 for condominiums/townhouses.
Find out what's happening in Wakefieldfor free with the latest updates from Patch.
The average number of days an active home is on the market is 109 days for single family homes, 128 days for multi-family homes and 128 days for condominiums/townhouses.
In Wakefield there are 14 single family homes, 2 multi-family home and 8 condominiums/townhouses under agreement and hopefully being sold to new owners soon.
The average under agreement home price is $436,333 for single family homes, $272,000 for multi-family homes and $346,161 for condominiums/townhouses.
The average number of days an under agreement home is on the market is 111 days for single family homes, 37 days for multi-family homes and 110 days for condominiums/townhouses.
BOSTON MAGAZINE REPORT
Boston Magazine puts out a March Issue that features their "Best Places To Live" article. The information reported on Wakefield shows the medium home prices for 2005, 2009 and 2010.
2005 Median price of a single family home: $430,000
2009 Median price of a single family home: $380,000
2010 Median price of a single family home: $369,900
This report shows the one year change from 2009 to 2010 was -3 %.
Does this feel like a negative? Keep in mind that during 2009 the federal first-time home buyer's tax credit was in place and first time home buyers were taking advantage. This created more competition therefore higher offers for homes in good condition.
Next week brings new opportunities for new sales and new neighbors. Start baking some cookies and brownies for those welcome baskets.
