Listings

Buyers

Sellers

Condo Corner

About

Resources

Mortgage Info

Wayland MA Market Conditions Report January 2012


The median price in 2011 was -6.6% less than at the peak in 2007; and +10.89% from the low in 2008 

  

Wayland - Homes Sold 2007 - 2011


Single Family Homes: Good news for people who would like to live in Wayland. Inventory is up and the median list price is less than last year. There are 76 single family homes for sale in Wayland; 20 more than last year at this time.

List prices for single family homes in Wayland range from $179,900 to $18,800,000. At $627,000 the median list price is lower than last year at this time when it was $809,450. The average is $1,396,905, higher than last year when it was $1,099,993. Of the 76 single family homes for sale, 11 already have accepted offers and are being shown until contingencies clear. There are 13 properties with sales pending.

Closed Sales 2011 vs. 2010:
2011 – 123 closed sales
Median sale price - $560,000; average sale price - $616,096
Average time on market – 123 days

2010 – 133 closed sales
Median sale price - $565,000; average sale price - $629,815
Average time on market – 140 days

4th Quarter Sales:
2011 – 18 closed sales
Median sale price – $555,750; average sale price - $580,906
Average time on market – 144 days

2010 – 29 closed sales
Median sale price - $548,000; average sale price - $652,164
Average time on the market – 157 days

December sales:
2011 – 7 sold; exactly the same number as 2010.
2011 Median price - $720,000; average price - $716,786
Average time on the market – 195 days
2010 Median price - $726,000; average price - $555,929
Average time on market – 114 days.

Condominiums/Townhouses: Condominium and townhouse sales improved dramatically in Wayland in 2011. There were 41 closed sales compared with only 25 in 2010. The median sale price was higher at $559,000; in 2010 it was $585,319. And it took less time to sell; average time on the market in 2011 was 144 days; in 2010 it was 319 days.

There are currently 29 condo/townhouses for sale in Wayland including new construction at DeColores Drive near Commonwealth Road, Wayland Commons off Route 27, and The Field at Mainstone. Prices including resale and new units range from $329,900 to $1,100,000.

Luxury Homes Market: As in most towns in the area, the luxury homes market in Wayland still has the best opportunities for buyers. There 23 luxury homes for sale. Some of these properties have been on the market for several months; the average time on the market is 213 days. Winter is a great time to get a deal!

 Click here to search complete MLS listings with addresses and maps; news and information and market reports for Wayland, Sudbury and the towns west of Boston. Facebook users “like” Living West of Boston for the latest real estate news and community information.

Data source: MLSPIN (Multiple Listing Service Property Information Network.

 

ZIP Code: 01778

Location Characteristics: With its great location, sought-after schools, and country charm, it's no surprise that Wayland ranked #2 out of 147 MA towns and cities in Boston Magazines April edition of Best Places to Live/Best Bang for the Buck, comparing cost of living to quality of life. Just 18 miles west of Boston. This residential community features quaint, winding roads graced by some of the most beautiful houses and landscaped gardens in the state. Convenient to the Massachusetts Turnpike, Wayland is a popular choice with commuters to Boston or those employed along the high technology corridor.

A strong community spirit, careful zoning and planning, a progressive government, and a commitment to preserving the town's country atmosphere are all responsible for Wayland's quality of life. Small shopping centers meet daily retail needs, although larger malls are close to home.

Public schools have an outstanding reputation as a quality system with a strong college preparatory program. A natural wildlife preserve set along the Sudbury River and Lake Cochituate provide a scenic backdrop for many outdoor activities such as swimming, fishing, canoeing, and sailing. Other amenities include golf courses, playing fields, tennis courts, cross-country ski trails, and the National Wildlife Refuge along the Sudbury River.

For More Information:

View Market Conditions of other areas served by Marilyn Messenger, CRS

Navigate: Top > Massachusetts > Wayland

About Marilyn Messenger, CRS:
"Marilyn exemplifies what every real estate agent should be. She was professional, thoughtful and tough when she needed to be. I would not have made it through if Marilyn was not at the helm. I cannot recommend her highly enough" - Jessica

"Marilyn went beyond the call of duty...All the 'i's were dotted and the 't's were crossed in a very professional manner. You are fortunate to have her on your staff" - Alice

…Thanks so much for all you did to help us through the process of buying our first home...[Marilyn] made the process easier than we ever thought possible." -- Matt & Julie

Marilyn Messenger is a licensed broker with RE/MAX Landmark in Wayland MA and a member on the RE/MAX International Executive Club for outstanding sales in 2009. She has been representing buyers and sellers of residential real estate west of Boston since 1993.

A firm believer in education, Marilyn has earned the following REALTOR designations: CRS - Certified Residential Specialist - only 3.5% of Realtors nationally have completed the requirements for CRS; ABR - Accredited Buyers Representative; SRES - Senior Real Estate Specialist; RECS - Real Estate Cyberspace Society members are dedicated to using the latest technology to benefit their clients. She is also a member of the MA and National Association of Realtors.

Marilyn serves on the Masschusetts CRS Chapter as director of communications and was the recipient of the 2009 MA Chapter President's award for her outstanding leadership and contributions. Dedicated to community service, Marilyn has served on a local planning board and is now chairs the ZBA.