John | 508-523-9252

18 Farm Hill Road, Natick, MA Beautiful sunset views! Open floor floor plan with a FIRST FLOOR MASTER BR w/ 12' ceiling & marble bath. 5BR/3.5BA Single Family House offered at $799,500 Year Built 1985 Sq Footage 3,480 Bedrooms 5 Bathrooms 3 full, 1 partial Floors 3 Parking 2 Car garage Lot Size 40,293 sqft HOA/Maint $0 per month DESCRIPTION Sun filled southern exposure. Updated granite/stainless/cherry kitchen opens to dramatic family room with marble fireplace. Gleaming hardwoods, central air, lawn irrigation, and two decks. Full daylight lower level with bath offers potential as game/media room or au-pair/teen suite. see additional photos below PROPERTY FEATURES Central A/C Central heat Fireplace High/Vaulted ceiling Walk-in closet Hardwood floor Tile floor Family room Living room Bonus/Rec room Office/Den Dining room Breakfast nook Dishwasher Stove/Oven Microwave Granite countertop Stainless steel appliances Attic Basement Washer Dryer Laundry area - inside Balcony, Deck, or Patio Yard OTHER SPECIAL FEATURES Beautiful sunset views! ADDITIONAL PHOTOS Kitchen living room Family Room Front Photo 4 Photo 6 Contact info: John 508-523-9252 For sale by agent/broker

Natick, Needham, and Wellesley real estate trends…

John Prescott, Vice President | Century 21 Commonwealth | 508-523-9252

6 Parker Court, Natick, MA- SOLD in 2 days Fabulous ten year young Colonial boasting a super sized master, sparkling kitchen, hardwood floors, travert

3BR/2.5BA Single Family House offered at $519,900 Year Built 1999 Sq Footage 2,000 Bedrooms 3 Bathrooms 2 full, 1 partial Floors 2 Parking 1 Car garage Lot Size 5,009 sqft HOA/Maint $0 per month see additional photos below

PROPERTY FEATURES Central A/C Central heat Fireplace High/Vaulted ceiling Walk-in closet Hardwood floor Tile floor Family room Living room Dining room Dishwasher Stove/Oven Attic Basement Laundry area - inside Yard OTHER SPECIAL FEATURES Delightful "Secret Garden" patio & yard.

ADDITIONAL PHOTOS Front FR KT MBR DR Patio

Contact info: John Prescott, Vice President Century 21 Commonwealth 508-523-9252 For sale by agent/broker

John Prescott, Vice President | Century 21 Commonwealth | 508-523-9252

Equal Opportunity Housing

President Obama has given his 100 Day progress report.

How is the local Real Estate market doing for the first five months of 2009?

 As I reported for the first two months of this year compared to last year the market varies greatly by town.

Needham continues to hold it’s ground but has leveled off as compared to the first two months.

Wellesley’s home sales in dollar volume for the first five months of 2009 compared to the same period of 2008 plummeted 60.7% and the median home price in Wellesley for this period fell 15.4%.

For this five month period compared to the same period in 2008, Natick had a moderate decline of 19.6% in dollar volume but is the only town in the trio to show a gain of 7.8% in median price.

 WELLESLEY has tanked, NEEDHAM is stable, and NATICK has moderate declines.

Percentage Change for the first five months of 2009 vs. 2008

NEEDHAM      WELLESLEY   NATICK

SALES Units                                       5.1%            - 51.9%              - 21.3%

$ VOLUME                                         1.1%             - 60.7%             - 19.6%

Median price                        - 5.4%             - 15.4%              7.8%

 What does this mean?  As of 5/31, Wellesley’s average list price for single family homes was $1,692,538. This is in stark contrast and out of balance with the average selling price of $1,162,520 for the first five months of 2009.

 A further obstacle to Wellesley’s recovery is a current inventory of 207 homes for sale. Ninety two of these homes are priced at $1.5MM or more. Based on the sales of just seven homes for more than $1.5MM during the first five months of this year it will take about five years to absorb the inventory of homes priced at or above $1.5MM. Overall, Wellesley’s 207 homes currently on the market will take approximately 20 months to be absorbed based on sales for the past five months annualized.

Two major factors are at play in the local real estate markets. The basic law of supply and demand; or in the case of Wellesley, oversupply, and the credit markets that are heavily biased against jumbo loans needed to finance the vast majority of homes in Wellesley.

The numbers tell a story. Home prices in Wellesley will face significant downward pressure in the coming months before the market can gain equilibrium?  Your thoughts?

What has not changed: Homes in very good locations that are in mint condition and priced right for the current market conditions continue to SELL.

John Prescott, Vice President | Century 21 Commonwealth | 508-523-9252

34 Algonquian Drive, Natick, MA-SOLD  Sun splashed open floor plan Colonial that has been maintained with precision and care.

5BR/3.5BA Single Family House offered at $829,000 Year Built 1995 Sq Footage 3,559 Bedrooms 5 Bathrooms 3 full, 1 partial Floors 2 Parking 2 Car garage Lot Size 19,994 sqft HOA/Maint $0 per month DESCRIPTION Move right in to this sun filled, MINT CONDITION young Colonial located in the sought after... ALGONQUIAN HILLS... neighborhood close to Wellesley Center and the commuter rail.... The versatile fifth bedroom with FULL bath is accessed by private stairway and could be utilized as an office/au-pair/guest suite. see additional photos below

PROPERTY FEATURES Central A/C Central heat Fireplace High/Vaulted ceiling Walk-in closet Hardwood floor Tile floor Family room Living room Bonus/Rec room Office/Den Dining room Breakfast nook Dishwasher Refrigerator Stove/Oven Microwave Attic Basement Washer Dryer Laundry area - inside Balcony, Deck, or Patio Yard Jacuzzi/Whirlpool

ADDITIONAL PHOTOS front living room kitchen family room foyer rear

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 THE METWEST SCENE:

Today's real estate market can be daunting.  Your real estate agent should have a global perspective when it comes to your real estate needs.  John Prescott specializes in the metrowest communities of the greater Boston area.  Today's consumer has very specific objectives and requires an agent who takes the time to know the inventory, market, and trends of more than just 1 town!  The customer is best served by a realtor who can attract buyers from the greatest pool of prospects.  Consequently your realtor must know the attributes of various communities in order to best direct potential buyers to homes which meet their needs.  Sellers need to attract buyers from their town, from the western suburbs, from the state, and even from across the country.  In fact, many potential buyers are international buyers due to the strength of the euro and other foreign currencies.  The best agent knows how to market to these varying market segments.



For buyers, the best real estate agent is one who can match buyer needs with available inventory in several communities so that the buyer is aware of what their investment will buy in various communities.  Buyers need to know what their dollar will buy in the towns they designate, as well as other towns so that they can make an informed choice.