Homes For Sale in Natick Market Report

 

*****BUBBLE ALERT*******

This is a bubble alert, brought to you because I always get asked about prices and when the next bubble will be. Now we already know in the last report I mentioned the market in Natick was looking a little, ahem, insane, and prices were too damn low. But really, now we've gone beyond that. Buyers should be extremely careful about the risk they are taking on in this market, and home sellers in Natick need to seriously get out there and put a sign on their lawn. The HSI is at 284. That number is so high, I can't really tell you what the heck it means. It means prices are going up though. Further increases are going to happen. They are happening right now. With this kind of demand, the market will have significant pockets of irrationality.

 

Now just because it's a bubble, that doesn't mean I think it's going to "Pop".  I do think prices are going to keep going up.  However, with so little on the market, buyers "internal pricing mechanism" of what is worth the price is not going to be reliable.  There will be situation where buyers will pay 5-10% more than the rational price, just to be successful in a bid war.  That means prices will need to go up 5-10%, just to get them back to even.  That's not a good place to be with a leveraged investment.

 

This ends the bubble alert in Natick, MA.  You've been warned!

*****BUBBLE ALERT*******

 

 

Can’t see the chart? You can find it Here .

We do see a big jump in prices in Natick in this report - over $12 a square foot, or about 5%. Not bad for 3 months. Yes, it's about 18% a year. With Wellesley at $400/sq foot, I guess buyers are thinking Natick still looks cheap. I'm not so convinced - but if I was a builder I'd be doing tear downs in Natick (some are already!).

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How crazy is this? Well, I figure that Natick needs about another 50 houses - more than doubling the market - of homes for sale for the market to go to a situation where prices would stabilize. Chances of that happening? Well, they are not good. The houses that haven't sold are listed at $285/ sq foot. I think prices are headed there - and soon. Tough market for home buyers!! Good LUCK!

 

 

Natick Houses For Sale and Sold Market Statistics - Raw MLS Data

 

  • Natick “Home Seller Index” (HSI):284 Last Report: 202
  • There are 40 homes listed as For Sale in Natick.
  • There have been 292 houses sold in the last 6 months, and 154 homes sold in the last 3 months.
  • The Average number of Days on Market was 50 days for just SOLD homes.
  • There is an Average Market Time of 104 days of the homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $262 (vs. $250 )
  • There was an Average Sold Price of $550,756 for sold homes.
  • Natick, MA, has 0 properties (vs. 0 in the last report) advertised as lender owned/foreclosure (typically foreclosure) .
  • Natick has 0 properties advertised as a short-sale is going to be needed by lender.

 

 

 

*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

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About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

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*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.