Hurry-ups from the past six months
Today and tomorrow, I am answering Lance’s request for data on what hurry-up houses are fetching, compared to their asking prices.
Today, I am posting some towns that are not known for their bidding wars: Natick, Medford, Watertown, Waltham and Somerville. These are all hurry-ups during the fall and winter seasons which stuck and closed. Data from MLS for the past 6 months for all single family homes with 5 or fewer days on the market.
Asking price // sale price
$99/$78
$139/$172
$199,9/$199,9
$230/$220
$298,9/$298,9
$299/$299
$300/$275
$324,9/$324,9
$339,9/$327
$355/$375
$359,9/$350
$359/$349
$359/$352
$369/$369
$375/$375
$378/$375
$379/$382
$384,9/$380
$389,9/$392
$398,750/$400
$399/$411
$399,9/$385
$425/$425
$439/$425
$439,9/$435
$479/$479
$498,868/$475
$515/$530
$559,9/$541
$589,9/$660
$599/$594
$749,9/$738
$789/$785
$899/$880
$917,5/$917
Even in towns not known for the hurry-up, there have been properties that sold quickly and for near asking price. My agenda is to help buyers know what do when faced with the hurry up. My advice stands.
How do you interpret this data? Do you draw different conclusions than I do on this data, and Tuesday’s info on overpriced properties?
Tomorrow, the hurry-ups from the “usual suspects” towns: Arlington, Lexington, Cambridge, Belmont, Needham, Newton, Brookline, Newton and Wellesley.
