Winchester

Town Overview

This quiet residential town located 8 miles north of Boston among ponds and reservoirs, is an ideal place to live for families who want a safe community with outstanding public schools, while still accessing daily to the city of Boston by commuter's train. Winchester public schools are rated 10 out of 10 by greatschools.net. Many families move to Winchester just to have their kids to go to school there. Many Winchester residences built at the dawn of the century are a sight to see.
Like to stay active? Take your bike on a bike trail that connects Wedge Pond and Horn Pond and then circle around Horn Pond. Go golfing. Go play tennis. Go jogging around Mystic Lake or trek around Middlesex Fells Reservation; you name it.
Farmer's Market, which opens on Saturdays in June to October on an open field just front of railway station, says a lot of Winchester; a friendly community with open air and nature.

Market Review

The 81 active listings in Winchester have stayed on the market on average of 126 days. Converted to months this is the equivalent of 4.25 months' worth of supply. This is a low figure compared to the past few months of this year. What does all this mean? It means Winchester market is showing signs of picking up its pace. This is a good news for Winchester sellers.

Let's analyze the houses on market. Houses are ranging from $322,900 to $3,490,000. Median price is $849,900. It seems that the most active segment of the market is the $500,000 to $699,999 range. There are 24 such single-family houses available, and they are relatively new in the market, having spent only about 2 months on market, compared to about 4 months for the rest of the market. Another price range in which you have many choices (or 14 houses) is $1,000,000 to $1,499,999 range.

Now let us see how Winchester homes are selling. In the past month 36 houses were sold, which is the highest monthly average since June 2008. And these houses were sold only after 63 days. Lowest priced house was $400,000 and the highest sales price was $1,790,000. Median sales price was $756,500. On average, 4 houses in $500,000 to $599,999 range and 5 houses in $800k’s sold the quickest only after 17 days! Especially notable are the houses in $800k’s; they sold at 99% of the list price and the original listing price. Overall, the sales figures are good. Winchester houses sold at an impressive 97% of the list price and 96% of original listing price. Again, this is a good news for Winchester sellers.

Let’s see the overall market for residential properties including single-family houses, condos, and multi-unit homes. There are 122 properties available (33 condos and 8 multi-unit houses in addition to single-family houses), ranging from $99,900 to $3,490,000. Median price is $699,900, which is more pricy than other towns. These properties have been waiting for average of 111 days for their new owner. You have plenty of choices from $500,000 to $1,499,999.

Winchester houses are definitely on the pricy side, but overall the market is steady, has great values, and it's for people who pay for more than just a house; it's a great long-term investment.

If you would like to receive a monthly Winchester local housing data newsletter, visit www.move2Boston.com, click on the "Link to Raveis," then select "Subscribe to Housing Newsletter." At the same site, you can also generate a housing data report anytime you are interested. Call Susie at 617-332-3420 if you would like her to walk you through this feature.

If you are relocating to Boston area, call or email me to get a FREE relocation package. We are familiar with many communities in the Greater Boston, not limited to one or two areas. We specialize in Buyer Representation. You can be rest-assured that you have a seasoned real estate professional looking out for your interests in the entire buying process.

Tel: 617-332-3420

email: susie@move2boston.com