Bolton Market Report for November 13, 2019
In spite of sub-freezing temperatures, the real estate market in Bolton continues to thrive.
According to Altos Research, Bolton is still experiencing a Seller's Market, albeit one that's a slightly less robust than it was last week, but not by much. Buyers are still out there, and if you're a wanna-be seller, you may wish to take heed.
There are currently 29 homes on the market in Bolton (one of them has a contingent offer, so let's say 28). One of them, 291 Harvard Road, had gone under contract last week; it reappeared as "active" on November 9th--it's the second time this home has been on deposit only to bounce back on the market. The average list price is $814,769. The two available homes that made their debut within the last week are:
4-bedroom Colonial (New Construction) on 1.8 acres
Listed at: $854,900
Price per Square Foot: $259
4-bedroom colonial on 2.7 acres
Listed at: $670,000
Sale history: Last sold for $580,000 in 2015
What's selling in Bolton now? We saw activity in both the middle and higher-end range of the market within the last week. In total, 15 homes are currently pending, priced from $399,900 to $999,000, for an average of $666,533.
The two homes that went under contract in the last week were:
4-bedroom colonial on 10.5+ acres
Listed at: $999,000
Days to Offer: 8
Original List Price: $999,000
4-bedroom colonial on 4.5 acres
Listed at: $529,900
Days to Offer: 27
Original List Price: $529,900
The last week saw no new closings in Bolton.
What we did see were three price changes:
246 Hudson Road, a newly built 4-bedroom colonial on 2+ acres that has been on the market for 163 days. Originally listed at $559,900, it saw its fourth price reduction, to $539,900, on November 11th.
136 Oak Trail, a newly built, newly listed 5-bedroom colonial in a high-end neighborhood near The International Golf Club. After only 17 days on the market, its builder reduced the asking price from $1,225,000 to $1,195,000.
103 Kettle Hole Road, a 4-bedroom colonial that had originally been listed for $1,038,000 on July 1st. After an interim price adjustment at the end of September, it was re-priced again at $979,000 on November 12th.
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