How’s the Market? Fall, 2014, Prices are up!!
This has been an amazing year. Last year, 2013, you might recall, was a very strong year for Newton real estate sales. Single family home prices went up around 13% in Newton last year. Condo prices in Brookline were way up, too.
2014 started somewhat slowly, fewer sales than last year, prices inching up but not shooting up. Normally, the Newton Brookline real estate market slows down in the summer and picks up slightly in the fall. This year, however, 2014, the market never slowed down in the summer and the fall has been a blockbuster. Our company has more closings in November and December than ever before. I’m not sure what accounts for this, but it will become clear in the next few months,.
By June 30, 2014, prices of Newton real estate have gone up another 5-6%. We are now all waiting for end of year statistics to verify what we are seeing in the market. These are the kinds of price increases that we saw in the 1990’s. I get a little nervous about steady and continuous price increases because I know they are not sustainable.
My guess is that 2015 will be a much better time for buyers, and not as good for sellers. We’ll see. Remember, I act as a Buyer’s Agent for my buyer clients, and an Exclusive Listing Agent for my seller clients.
And finally, let me say how happy I am to be back on line with my new website. It took much longer than I had anticipated but the new finished product is very nice. Hope you like it. If you have any glitches, or have any suggestions, please let me know.
And thanks to each one of you for your past referrals. The best advertising I’ve ever had: Word of Mouth!!
PS. This is a picture of Cold Springs Park, right in the middle of Newton, and wonderful park with trails, fields, playgrounds, and walking paths. Perfect for Sunday morning stroll.