October Sales: There were 8 closed sales of single-family houses in Wayland in October; twice as many as in October 2017 and the median sale price of $953,000 was also higher. The median sale price in October 2017 was $899,100. Buyers who wanted to become homeowners in Wayland stepped up quickly to make their offers. The average days to offer was 12 compared with 71 the previous year.
Current 11/11/2018: There are currently 27 single-family homes for sale in Wayland, just one more than last year at this time. List prices in Wayland range from $550,000 to $2,900,000; the median list price is $859,000. See homes for sale in Wayland.
Condominiums: The supply of condominiums in Wayland remains low with just seven for sale; the same as last year. Prices for condominiums/townhouses in Wayland range from $449,000 to $789,000. Many homeowners in the area are ready to move to an easier life-style and are anxiously waiting for more condominiums to come on the market. If you own a condo and would like to sell; this is an excellent time to profit and move-on.
Pending Sales: There are currently 22 single-family homes that have sales pending; and 1 that has an accepted offer and is being shown for backup until contingencies clear.
Year-to-Date Sales Single-family: There have been 134 closed sales of single-family properties in Wayland Y-T-D through 11/11/2018 in Wayland compared with 123 for the same period in 2017. The median sale price was $789,000; up 9.86% from last year. Click to see the full report for single family homes in Wayland.
Y-T-D Condominium Sales: There have also been 35 condominiums (including townhouses) sales this year through 11/11. The median sale price was $720,000; an increase of 13.34% from last year for the same period.
Your home’s value: while statistics are helpful, the real estate market changes every day and the price your neighbor’s house sold last year may not be what buyers are willing to pay today. Even with fewer homes for sale and a higher median sale price, there were 43 properties that reduced their prices this year. Positioning your property correctly for the current market is key to getting the highest price in the shortest amount of time. Low inventory makes this an excellent time to put your house on the market and capitalize on the pent-up demand. Contact me to talk about how to best position and market your house for the highest price in the least amount of time.
Check out the Local Market Reports page for links to reports for Wayland, Sudbury, Concord, Stow, and Maynard as well as the latest update from the Institute of Luxury Homes Marketing.