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Wayland Home Sales Up 44 Percent in 2012

The median price of homes in Wayland decreased by 4 percent.

Wayland saw a 44 percent increase in single-family home sales in 2012, according to statistics gathered by the Warren Group, the Boston-based real estate and banking information publishers for New England.

Year-end numbers show Wayland at 187 single-family home sales, compared to 130 sales in 2011. 

In December alone, 10 single-family homes were sold in Wayland, a 25 percent increase over the number sold in December 2011.

According to a Warren Group press release, 2012 Massachusetts home sales were the highest in six years, increasing 18 percent in 2012. In all of 2012, the total number of homes sold statewide was 46,887, an increase from 39,594 home sales in 2011.

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Unlike sales, median prices for single family homes in Wayland fell in 2012, decreasing from $555,500 in 2011 to $533,000 in 2012, or a 4 percent jump.

Statewide, median price for homes sold January through December was up to $300,000, a 12 percent increase from $267,250 the prior year.

Condominiums sales in Wayland were also on the rise in 2012. At the end of 2012, 61 condos had been sold in town, compared to 49 in 2011, a 24 percent increase.

Like the single-family homes, the median condo price also fell -- by 19 percent from $556,458 to $450,000.

More sales is good news even if prices were a bit lower. Since most sellers had to buy another home, they benifitted on the other end; especially if they were moving up. Low mortgage rates were good for everyone who wanted to buy.

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