Needham Market Report
By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
There are 61 single family homes on the market $1,000,000 and up to $3.499,000. The average List price is $1,500,331 for that portion of the Needham luxury market. Essentially almost half the inventory is over a million dollars. The total properties on the market is 135 single family homes. Median price range for all inventory is $899,000 and average price is $1,037,828. The strongest part of the market is from $500,000 to $899,000 as far as properties under agreement for the past month. For the first quarter of 2009 home sold at 94% of asking price. The price change was 17.9% for Needham proper (02492) and slight change in Needham Heights(02494) of .64% and homes sold at 95.3% of asking price. the percentage of home sales 60% for (02494) Needham Heights and -22.58%. 24 single fa...
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