Thursday, May 16, 2013
Foreclosure activity decreased significantly across the state, signalling the end of the foreclosure crisis, according to Banker & Tradesman.
Wayland's home sales through March 2013 have been down from the same period in 2012, but the good news is that foreclosure numbers through the same month in 2013 have dropped, as well. New numbers released by the Warren Group show an 82 percent decrease across the state in petitions to foreclose as compared to the numbers for March 2012. Wayland mirrors that decrease with a reduction of 50 percent from March 2012 to March 2013. Admittedly, Wayland's real numbers for foreclosures are low (just two in March 2012 and one in March 2013), but the percentage decreases remain dramatic. Warren Group CEO Timothy M. Warren Jr. credits foreclosure prevention efforts and a "booming" real estate market for the decreases. The numbers are significant …
Friday, April 26, 2013
Low inventory is likely to blame for the drop in home sales.
Wayland’s single-family home sales continued the lower-than-last-year trend in March, which The Warren Group blamed on “shrinking inventory," that is “depressing sales volume." Mirroring a similar trend for the Commonwealth, single-family home sales in Wayland dropped from 13 in March 2012 to 12 in March 2013, or a dip of just under 8 percent. So far this year, Wayland has seen 28 homes sold – compared to 38 in 2012, according to The Warren Group, which publishes Banker & Tradesman. Statewide, March 2013 home sales dropped more than 3.5 percent compared to sales in March 2012. "Low inventory is plaguing housing markets all over the country, and Massachusetts is no exception," said David Harris, editorial director at The Warren Group. "With…
Wednesday, March 27, 2013
Wayland saw a significant drop in homes sales in February, but Middlesex County remained nearly level.
Wayland homes sales in February 2013 dropped by 38 percent from the same month in 2012, but Middlesex County home sales overall rose ever so slightly for the month, according to a recent report by The Warren Group, publisher of Banker & Tradesman. Middlesex County saw 487 home sales in February, which was an increase of just more than 1 percent from the 481 homes sold in February 2012. Wayland specifically, however, saw just five sold homes in February, down from eight in February 2012. Wayland continued the trend of showing 2013 numbers lower than those reported in 2012. With January and February numbers in, Wayland sales were down 36 percent year-to-date, from 25 homes sold in the first two months of 2012 to 16 homes in the same period …
Friday, February 1, 2013
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. Unlike sales, median prices for single family homes in Wayland fell in 2012…
Andrea
5:05 pm on Friday, April 26, 2013
does anyone know... are condo sales included in this? As Wayland builds more townhomes and condos of course the average price goes down. Does it mean that the same house would sell for less this year than last or that the type of home being purchased is smaller with less land and is therefore cheaper? more ›