It was another outstanding quarter for the Wellesley market as prices continue to rise. Home prices in a town continually change. The average selling price provides a good overview of the area. Additional statistics such as the lowest, median, and highest prices are also useful. The Wellesley MA single family property sale prices for 2nd quarter 2014 in this blog detail figures for the previous several years.
Single Family Home Sales for Wellesley MA – 2nd Quarter
Average Sale Price
The average selling price in Wellesley MA for the 2nd quarter increased 6.41% from $1,321,464 (in 2013) to $1,406,225 (in 2014). This after it increased 13.83% from $1,160,927 (in 2012) to $1,321,464 (in 2013). That after a -13.82% change. There is no consistent direction during the past few years.
| 2010 |  $1,142,813 |
| 2011 | $1,347,086 |
| 2012 | $1,160,927 |
| 2013 | $1,321,464 |
| 2014 | $1,406,225 |
Minimum Selling Price of Listings Sold
The lowest sold price in Wellesley MA for the 2nd quarter decreased -10.79% from $482,000 (in 2013) to $430,000 (in 2014). During the prior period, it increased 75.27% from $275,000 (in 2012) to $482,000 (in 2013). Previous to that there was a -0.72% change.
| 2010 |  $421,250 |
| 2011 | $277,000 |
| 2012 | $275,000 |
| 2013 | $482,000 |
| 2014 | $430,000 |
Median Sale Price
The median selling price in Wellesley MA for the 2nd quarter increased 6.81% from $1,137,500 (in 2013) to $1,215,000 (in 2014). During the prior period, it increased 15.48% from $985,000 (in 2012) to $1,137,500 (in 2013). Prior to that was a -7.08% change.
| 2010 |  $930,000 |
| 2011 | $1,060,000 |
| 2012 | $985,000 |
| 2013 | $1,137,500 |
| 2014 | $1,215,000 |
Highest Price of Listings Sold
The highest price in Wellesley MA for the 2nd quarter decreased -19.36% from $4,700,000 (in 2013) to $3,790,000 (in 2014). This after it increased 53.59% from $3,060,000 (in 2012) to $4,700,000 (in 2013). Before that was a -55% change.
| 2010 |  $4,400,000 |
| 2011 | $6,800,000 |
| 2012 | $3,060,000 |
| 2013 | $4,700,000 |
| 2014 | $3,790,000 |
Wellesley MA Single Family Property Sale Prices For 2nd Quarter 2014
For additional Wellesley MA single family property sale prices for 2nd quarter 2014 or reports for nearby areas, please contact Scott Beard, REALTOR at Bean Group by calling 617-651-0081 or emailing scott.beard@beangroup.com. Note: These figures were received from third party sources including public records and the Massachusetts MLS Property Information Network, Inc. It is intended to provide a general overview of the market, are not guaranteed, and might not necessarily include every single family sold in Wellesley.
Follow me…