The Needham, Massachusetts housing market continues to hum along.   School is ending and it quiet around but behind the scenes there is much preparation going on for the Fourth of July celebration in town.  The spring market started a little later this year.  There were 3 new listings that came on the market today priced as follows: 1 at  $669,000 -2 at $1,399,900 New Contstruction,  4 singles family homes went under agreement ranging from $449,000 to $1,399,000.  There are 125 single family homes on the market today.  The price ranges are $369,000 to $3,500,000.  Highest concentration would be in the  $1,000,000 to $1,499,999 with 32 homes.  After that the next would 26 homes in the $600,000 to $699,999 price range.  Then there 15 in the $500,000 to $599,999 followed by 14 between $1,5... 06/17/2008

For the past month there were 26 single family homes sold in Needham with the average price of $739,962 and the average days on market were 64.  The highest price was $1,650,000 and the lowest price was $390,000.  The sales price to list price ratio was 96% and the sales price price to original price ratio was 93%.  Still a very strong market.  The concentration of sales were between $500,000 and $599,999 with 10 homes sold and the next highest concentration was 5 homes sold between $1,000,000 to $1,499,999. There are 127 active listings with 6 of those having accepted offers but flagged for contingencies while contingencies are met.   There are 39 properties pending or under under agreement with the average price of $882,718.  the highest list price being $2,750,000 and the lowest bein... 06/13/2008

Needham 2008 Celebration - Go 4th and Celebrate theme for the 4th of July in Needham This Year!  Sponsored by The Exchange Club of Needham The first day I ever came to Needham to visit before we moved was July 4, 1965.  I was amazed to see what the 4th of July celebration in the town of Needham was like.  This year there won't be fireworks but they will be back next year.  We are always in Needham for the 4th of July and it is a great time every year.  Then it is cookouts with friends and family and they are happening all over town.  I had a lot of fun participating in decorating floats over the years, ie, hospital float, Visiting Nurse float and the Rotary Club of Needham. " It ought to be solemnized with pomp and parade, with...games, sports...bells, bonfires and illuminations, from o... 05/31/2008

I listened to syndicated money guy today Dave Ramsey and he says that he believes that we are coming out of the housing slump in some areas of the country.  I really feel that Needham, MA is one of those areas and the surrounding communities are as well.  I have seen an uptick in Natick, Holliston, Millis.  I have also noticed that some new listings are coming on in higher price ranges.   This is surely a great time to move up if you own and a great time for the first time buyer.  It couldn't be better for the first time buyer with the house prices as they are and the interest rates so low.  This has been my experience. There were 44 single family homes that went under agreement in the past month and in six months a total of 81.  That is over half of the properties going under agreement... 05/28/2008

That is the front page lead article in the Needham Hometown Weekly "Recession Proof Needham."  Now I have been saying that for a while.  I know that it is true.  While we are constantly bombarded with bad news all the time 24/7 this is great news.  It is evident by the way the homes for sale in Needham, MA are going under agreement faster than you can get your clients in to see the property. One agent told me that she has had 100 people come today to see her new listing.  There are multiple offers and I know that one other that came on 40 hours ago will surely be gone in a heartbeat.  Why's that.  Location!  Location!  Location! Needham has the best schools, wonderful commuter advantages, 20 minute ride to Boston.  The nearby shopping.  To quote one agent "It seems like Needham is reces... 05/22/2008

We have been renovating our home for quite some time. I don't even want to tell you how long.  Sometimes I think we will just get it done and sell it but lately I have had a new thinking. I love my home and where it is located. I love busy street, the four bedrooms, the family room off the kitchen.  The new floors that will be going in and the new drapes I will be hanging up.  The new furniture, lamps and kitchen I am going to purchase.  This is going to be a showplace but in the meantime I am loving it just the way it is.  I am glad that I have had this long experience with doing our home.  I can appreciate it more and I can help my clients too if they have similar experiences.  In my estimation, there are 2 great streets in Needham that I would love to live on and they are:  Woodlawn ... 05/10/2008

In the last 16 days there were 23 homes that went under agreement with an average list price of $820,048. There are 121 homes for sale in Needham, MA with an average list price of $1,000,593.  During the same time period 10 homes were sold with an average sale price of $700,100 and average days on the market was 80.80. There are some great homes on the market in the $700's and certainly even greater just over $1,000,000.  The market is humming along and homes that are priced right go rather quickly. There are 39 active listings from $1,000,000 to $1,999,999 There are 32 active listings from $600,000 to $800,000 There are 20 active listings between $450,000 and $599,999 We are coming to the end of the school year and the Needham High School renovations are in progress and the new track w... 05/07/2008

The Needham market continues to be very strong.  In the last 7 days 10 properties went under agreement with 6 of those properties from my office - Coldwell Banker Residential Brokerage, Needham, MA  and 5 of those properties sold within a month.  It is agreat time to be a first time buyer for sure.2 Days on Market Single Family $659,0004 Days on Market    "        "      $405,0004 days on Market   "         "      $595,00011 Days on Market                   $519,00019 days on market  "         "     $669,00033 days on market  "         "     $545,000105 days on market "        "     $599,000111 days on market "         "     $649,000211 days on market "         "     $589,000342 days on market "         "     $1,849,000There is definitely an uptick in activity and showings.  I would say... 04/21/2008

Market Report for Needham 122 Single Family homes for sale in Needham, MA Average Price:  $1,030,173 Median Price:       $789,450 1 single family homes on the market between $300,000 and $349,999 2 single family homes on the market between $350,000 and $399,999 4 single family homes on the market between $400,000 and $449,999 6 single family homes on the market between $450,000 and $499,999 15 single family homes on the market between $500,000 and $599,999 22 single family homes on the market between $600,000 and $699,999 13 single family homes on the market between $700,000 and $799,999 3 single family homes on the market between $800,000 and $899,999 5 single family homes on the market between $900,000 and $999,999 30 single family homes on the market  between $1,000,000 and $1,499,99... 04/12/2008

Active Listings as of today 105Price range $374,000 to $3,500,0004 single family homes between $400,000 and $449,0005    "        "        "          "        $450,000 and $499,999  15   "        "        "          "        $500,000 and $599,99920    "       "           "       "        $609,000 and $699,9008      "       "           "       "       $700,000 and $799,9994     "       "            "       "       $800,000 and $899,9995     "        "          "         "     $ 900,000 and $999,9994     "        "          "         "     $ 800,000 and $899,99926   "        "          "         "      $1,049,000 and $1,499,00010   "        "          "         "      $1,590,000 and $1,849,000 4    "        "          "         "      $2,095,000 and $2,399,000 2    "        "          "  ... 03/24/2008

On New Year's Eve our office had the pleasure of displaying some the of unique and creative pottery from the Potter's Shop on Thorpe Street, Needham, MA.  Take her invitation and come in and visit.  They have some wonderful works there.         Pat Baker, Real Estate Agent with Coldwell Banker Residential Brokerage of Needham, MA - Working with buyers and sellers in Needham, Wellesley, Weston, Natick, South Natick, Westwood, Dover, Sherborn, Newton,Hollistonpatbaker.wordpress.com 03/13/2008

Market Report for Needham  3/12/2008Market Share of 9 properties sold - 6 sides were Coldwell Banker Residential Brokerage- Needham: 32.54% of the market share for Needham and Coldwell Banker Residential Brokerage is #1 again in Needham for sales sides. 8.74% of the sales sides  came from the Newton Coldwell Banker Residential Brokerage office.The total dollar volume sold for this time period is $16,022,000.0094 properties on the market as of today - ranging from $350,000 to $3,999,999The average price for properties on the market is $1,023,705Median price is $809,500 with average days on market 127 versus 135 last month. 20 homes went under agreement versus 22 last month.  $887,840 is the average price this month.14 properties had price changes with the average being -3.36%.  Propertie... 03/12/2008

Needham is hot!Where our Town Needham stands.  I would say ...Needham is hot.  Well in the town of Needham property increased 17.9.% over the past 5 years.  According to Boston Magazine there are 29 neighborhoods and towns that are holding their value.  You would never know it if your only listened to the news.  All bad news all the time.  Except for yesterday I heard a quote on the News that the National Association of Realtors said that there seems to be recovery coming. "According to research done by Municipal Benchmarking, which studied Needham against Lexington and Wellesley, and 17 other communities, Needham ranks 4 in MCAS scores."1 There is so much bang for the buck.  This is why the market keeps strong and yes there homes in a wide price here too.  They don't last long but they... 03/06/2008

There certainly has been an uptick in the Needham market lately.  The increase has been in Open House attendance and in properties going under agreement.In the past 7 days 9 properties went under agreement.  Of the 9 properties that went under agreement 7 of those were Coldwell Banker Residentail Brokerage agents.  One of those properties was on the market just 2 days.  Another property that has been on for 817 days finally sold.Presently there are 78 active Single Family Homes on the Market in Needham.  The price range is from $439,000 to $3,500,000. Average days on market 134 and the average price is $1,116,542.In the last 7 days 3 new listings came on the market:$499,000$520,000 - which went under agreement in 2 days$609,000Prices are great.  Interest rates are also great.  Good time... 02/24/2008

View Larger Map Area Market Survey for Needham, Massachusetts January 14 to February 14th 2008Active Listings84 Single Family homes for sale in Needham, MA ranging in price from $350,000 to $3,500,0001 - $399,900 810 days on market2 - $429,000 & $439,000 average days 712 - $479,000 & $499,000 average days 6910 - ranging from $500,000 to $599,999 average days 7215 - ranging from $600,000 to $699,999 average days 947 - ranging from $700,000 to $799,999 average days 725 - ranging from $800,000 to $899,999 average days 1265 - ranging from $900,000 t0 $999,999 average days 12223 - ranging from $1,000,000 to $1,499,999 average days 1208 - ranging from $1,500,000 to $1,999,999 average days 3242 - ranging from $2,000,000 to $2,499,999 average days 673 - ranging from $2,500,000 to $2,999,999 ave... 02/14/2008

From the period of January 1 to January 21 there were 18 new listings coming on the market.  There were 2 expired listings one in the $1,000,000 to $1,499,999 after 44 days and another property in the $600,000 to $699,999 which was on the market for 21 days.   The properties on the market are as follows: 2 single family homes between $450,000 and $499,999 1 single family home  between $500,000 and $599,999  4 single family homes between $600,000 and $699,999 1 single family home between $700,000 and $799,999 9 single family homes between $1,000,000 and $1,499,999 1 single family homes between $1,500,000 and $1,999,999  Price changes averaged was -4.69%.   During that same period 8 sales happened as follows: 1 single family home $367,500 1 single family home   $484,000 2 single family ho... 01/21/2008

Well here it January 7, 2008.  Generally a quiet time in real estate.I just checked the latest report and there were 3 properties that went under agreement over the weekend. As of yesterday there were 67 properties on the market ranging from $375,000 to $3,500,000.  The heaviest concentration being 13 properties priced between $600,000 and $699,999.  The other heavy concentration is the properties priced between $1,000,000 and $1,499,999 the total is 14.  Median price is $889,000.  Total single family homes on the market 65 as of this morning.  The average days on market 145 days.I will be reporting further later today on other stats for Needham, MA Pat Baker, Realtor Associate of Coldwell Banker Residential Brokerage of Needham.  Serving Needham, Wellesley, Dover, Dedham, Weston, Westw... 01/07/2008

Although the year has not officially ended I believe that we can get a real picture of the single family home sales for these communities in the infamous year of 2007.  Comparison follows the report for each town from the previous year and same time period.  The figures are taken from Multiple Listing Service for this area which is H3MLS.All of these communities are in Norfolk County.  All are a generally strong luxury market.  All have terrific amenities in what are offered for town services and near to the city of Boston, MA. Explanation of the these headings: SP:LP ratio = Sales Price to List Price                                                  SP:OP ratio = Sales Price to Original PriceBy comparison; For all three communities there more sales, the median price went down some , the... 12/29/2007

Below are actual quotes for "why" "It's a nice place to live."  Something we regularly hear from residents of Needham."There are so many willing volunteers in town politics, religious activities, helping one's "fellow man.""Our superb local theatre group.""Our own Beth  Israel Deaconess Hospital Needham Campus with ICU and Emergency Room.""Creative Council on Aging.""The town serves all religions." "The YMCA is really great.""It is wonderful to have an active Historical Society.""Our Community Council does so much for people, i.e., The Food Pantry.""The trains to Boston and buses to Newton are so convenient.""Route 128/95, which is a major highway with direct accessibility to the Mass Pike.""The incredible library, with it's great reference section and business division.""North Hill ( A... 12/22/2007

Needham Market Report as of 12/22/07It is very customary for the market to slow up in this holiday season from Thanksgiving to New Years so there are no surprises but there is activity.The report does not reflect the 10 homes temporarily withdrawn and that there were 5 homes canceled. What has changed this year over last year is that the luxury market is still very strong.  This was not the case last year.  Only 1 property that was price in the luxury price range expired in the last month.Pat Baker, Broker with Coldwell Banker Residential Brokerage, Needham, MA Expert also selling homes in the Boston Suburbs of Wellesley, Weston, Holliston, Sherborn, Dover, Natick, South Natick,Newton,Westwood.       617-435-3471            www.patannbaker.com  Report Run: 12/22/2007 10:12:20 AM Propert... 12/22/2007