Expect prices to go up! It's that simple. Most new listings are receiving stunning offers, sometimes before they even hit the market. Redfin reports that year over year in January, prices were up nearly 7% nationally.

 

Does it feel like more of the same? In a way, it is, and I don't think this year will be dramatically different from what we have been seeing. There won't be a huge correction coming, that mantra needs to go away. Rates went up so quickly, and people adjusted to them. While they are flat since January (hard to believe we are already in March), analysts predict the Federal Reserve will cut interest rates in the second half of the year. What will that do? Just drive the demand even more and hopefully motivate homeowners who are enjoying their sub 3% interest rate to break free and make a move.

 

My sellers have been triumphant in selling their homes with quick sales and closing dates that work for them. What a brilliant first quarter for me, my clients, and MGS Group Real Estate.

 

170 Benvenue Street Wellesley 

$1,795,000

 

 

Launcher Way, Wayland

$859,000

Click here to see Launcher Way

 

4 down, 8 to go for Launcher! 

 

14 Audubon Road, Wellesley

$1,649,000

 

12 Dean Road, Weston

$9,875,000

11 Winding River Circle, Wellesley

$3,195,000

 

It's almost as if there is a low-grade anxiety as the backdrop to this market. Buyers are so excited to get out there and find a house, and sellers are a little bit nervous, but also enjoying the launch of their home when the world takes notice. A property in Wayland, which was swamped during open houses, took in 8 offers by their deadline - even though at face value, it seemed a little steep in the asking price. Who knew?

 

Another classic home due to come on in the Country Club section of Wellesley was given an offer that was too good to pass up and sold off-market before it came on.

 

Now that public school vacation is behind us, the coming weeks will be littered with new listings across all towns. Let the fun begin!

 

The Belclare Unit 306

580 Washington Street, Wellesley 

$3,149,000

Click here to see The Belclare

 

6 Cottage Street, Wellesley

$2,295,000

Click here to see 6 Cottage Street

 

Launcher Way, Wayland

$859,000

Click here to see Launcher Way

 

I'm always available and more than happy to provide an analysis for you! Email me at teri@mgsgrouprealestate.com or call at 617-306-3642 to schedule a meeting.

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