It may surprise you to hear that single family home sales in Westwood are up 51% with a total of 144 properties sold year to date. Looking at the market today, we currently have minimal inventory of 46 single family homes listed for sale which is a decline of 46% from last October’s listings. Add to these figures a 24% increase in price per square foot over last year and a 97% Selling Price versus List Price.
These facts should ignite action from homeowners who have been thinking about when they should sell their home. We are seeing an abundance of buyers out looking every weekend this fall because they had a new baby; desire a shorter commute; are seeking better schools for their child entering kindergarten. Sellers should capitalize on the trend of limited inventory, which is evidenced by only 13 new listings in October 2012, half of October 2011 listing of 26.
These figures present the current market as the perfect environment to sell your home quickly and at the highest market price per square foot realized in the past two years. Pick a realtor who can help you make this transition before the capital gains taxes go up January 1st, 2013.
Please call me at 508-446-6400 with any questions you may have about listing or buying a home.