June is always an interesting month for real estate closings and Wellesley showed an interesting results from the previous year.  In 2009 there were 34 sales in June and the average price was $1,295,074.  In contrast this June closed out with 67 sales with an average price of $1,213,476.  This is great economic news for buyers and sellers and the Wellesley real estate market shows great signs going forward.  

Don't think Wellesley real estate is perfect but it is a safe haven for builders and developers with quality product.  There are numerous builders who have proven time and time again that there homes and Wellesley real estate are the perfect match.  When new homes pop up in Wellesley it makes me think back on the developers of years gone by and names and styles pop into head - Porter Colonials,Royal Barry Wills, and many others who helped build this wonderful town.  New construction homes in Wellesley are still one of the safest investments a buyer can make and who knows you may be buying a piece of history.  For a list of new construction homes in Wellesley Ma. log on to www.jtfleming.com or go directly to:

When summer breaks free in Wellesley Ma. people head to the Cape and Islands as well as to the North country.  When the mass exodus occurs the town and the Wellesley real estate market change pace.  If your a buyer it is a great time to look for price changes and if your a seller it's a good time to evaluate  the market conditions.  Remember Wellesley Real Estate is always a safe bet but it is not twelve months of fast and furious activity, stay the course  both  buyer and seller and remain confident and bullish on our wonderful market.  There is a good chance as a buyer in todays Wellesley real market that your home value will double in ten years, amazing thought but it will happen.

Take a look at the attached report, there is some great general information about the Wellesley Ma. real estate market as a whole.  Call our offices at 781-239-3281 x 11 if you have questions about the report you can also email me at joefleming@jtfleming.com  and don't forget to log on to  www.jtfleming.com

With 34 sales in the month of May the Wellesley Real Estate Market is holding strong.  The sales range from $445k to $4.4 million which shows a good mix of buyers coming to our wonderful town.  With the final push of the spring market ahead of us don't miss the boat,  for up to the minute listings go to www.jtfleming.com

With the spring market moving fast and furious I like to take a step back and review the market and it's general health as a whole.  With many choices to break it down I picked absorption rates.  With 304 sales in the past 12 months and an average of 25.3 sales per month and 202 active listings we have  7.97 months of inventory on the market.  These numbers show us to still be in a buyers market but only by a slim margin.  A sellers market is 1 to 4 months inventory, normal is 5 to 7 months, and 7 + months is a buyers market.  I am confident that by the time the market shows it's July sales and with the predicted under agreement properties we will be back in the normal range (5 to 7 months inventory).  These numbers can be ugly in other markets but overall they paint a general picture of Wellesley real estate as a healthy real estate market.  Happy house hunting.

With new homes in Wellesley always in high demand its no wonder builders still flock to our wonderful community.  Our two most recent "New Construction" homes have gone under agreement before we have even filed for occupancy permits.  This is a great sign for the market and for the builders as well as the buyers.  Wellesley real estate will remain a safe haven for builders and buyers alike for years to come.  Check out our newest New Construction home in Wellesley at www.11Shadow.com  

With the world being turned upside down over one year ago I feel fortunate to live and work in Wellesley where values have remained stable to a point.  Without a doubt some buyers from the "BUBBLE" market are under water and those buyers that purchased larger homes in the 10,000 sq ft zoning district aka the 3600sq ft home district may also be in trouble. 

So are we bubble proof or just insulated?  I believe just well insulated.   I have been observing the Wellesley Real Estate Market for over 20 years and 3 down markets and we have always faired much better than our neighbors, the state, and our country.  If you would like more information on the Wellesley Real Estate market, or to preview a Wellesley home call Joe at 781-844-2700 or email me at joefleming@jtfleming.com or search Wellesley listings.

When the zoning regulations changed in Wellesley many thought that this would adversely affect the new home building, but by all accounts it has stabilized certain neighborhoods.  Although I am not in favor of the changes it is the LAW and we must live with it.  The Wellesley Real Estate market is one of the few in the Commonwealth that can absorb this kind of change and keep chugging along.  With many new homes being built the Wellesley market is poised for a strong spring market for new construction homes.  Many builders flock to the Wellesley Real Estate market because it is one of the most secure for speculation of new homes.

If you have an interest in new homes check out these websites

www.7Turner.com

www.54Crestwood.com

www.11Shadow.com

With 14 sales over the past 25 days and 19 properties under agreement you have to like to outlook in the first quarter of 2010 for the Wellesley real estate market.  Several properties such as 4 Glen Brook, 25 Mansfield, and 15 Intervale flew off the shelf in a matter of days.  I also know first hand that both Glen Brook and Intervale were competitive situations because I was involved in the competition (won one lost one, good batting avg. but bad free throw percentage).  With spring around the corner the early activity is a good sign and with Wellesley real estate things will only heat up with the melting of the snow.