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OPEN HOUSE 3/7, 2-3:30

OPEN HOUSE 3/7, 12-1:30

2 YUBA PLACE

19th Century charm combined with modern amenities. Updated granite kitchen & 2.5 baths, Master with en-suite bath, Central Air, and walk to the train!

Floor to ceiling oversize windows grace the living room and elegant dining room.  Large 17,500 sq. ft. level usable lot!

John Prescott, Vice President

Century 21 Commonwealth

508-523-9252

John Prescott, Vice President | Century 21 Commonwealth | 508-523-9252
2 Yuba Place, Natick, MA

3BR/2.5BA Single Family House

offered at $539,000
Year Built 1852
Sq Footage 2,070
Bedrooms 3
Bathrooms 2 full, 1 partial
Floors 2
Parking 4
Lot Size 17,511 sqft
HOA/Maint $0 per month

DESCRIPTION

1852 Victorian with the charm and details of yesteryear and modern updates including, granite kitchen, 2.5 baths, central air, and 2nd floor laundry.

17,000 sq. ft. level usable lot very close to town and commuter rail.

see additional photos below
PROPERTY FEATURES

- Central A/C - Central heat - Fireplace
- Walk-in closet - Hardwood floor - Tile floor
- Family room - Living room - Office/Den
- Dining room - Dishwasher - Stove/Oven
- Granite countertop - Attic - Basement
- Laundry area - inside - Balcony, Deck, or Patio - Jacuzzi/Whirlpool

ADDITIONAL PHOTOS


Front

Rear

Front2

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


Wellesley, Needham, and Natick third quarter year to date results are in!

How do the  MLS single family numbers for the first 9 months of this year compare to the same period last year?

While WELLESLEY has made up some ground from dismal sales earlier this year, sales dollar volume through 9/30/2009 remains down by 32.5% and unit volume is down 20.6% as compared to last year. Inventory levels as of 10/7/2009 in Wellesley have increased a dramatic 48.9% as compared to the same date last year. Wellesley’s median price for this period has fallen 16.8%.

NEEDHAM continues to hold ground for this period with unit volume nearly flat and dollar volume off just 6.4%.  Needham’s median price has slipped a modest 4.4%.

NATICK picked up a little momentum for this period with a 6.95% increase in unit volume and a 7% increase in dollar volume. Natick’s median price has remained stable for this period. With the inventory of single family homes in Natick dropping by 22.4% on 10/7/2009 as compared to 10/7/2008 it appears the supply of homes for sale is not keeping up with demand.

Natick Sellers! This means now may be a good time to sell.  It is possible that a large inflow of inventory in the Spring could satisfy demand and soften prices?

Percentage change for the First nine months of 2009 vs. 2008

………………….WELLESLEY………..NATICK…………….NEEDHAM

SALES Units…………….- 20.6%…………………. 6.95%………………….. - 1.4%

$ VOLUME……………….- 32.5%…………………. 7.0%…………………….- 6.4%

Median Price…………….- 16.8%.……………..…… flat ………………………. -4.4%

Units in Inventory.. ….... 48.9% …………. …… -22.4%….. ……………….. 8.9%

JOHN PRESCOTT, Vice President

Century 21 Commonwealth

508-523-9252


Natick, Needham, and Wellesley real estate trends…

As my ongoing reports have demonstrated, the market varies greatly by town.

Needham and Natick are demonstrating stability and equilibrium with sales and inventory in relative balance.

Wellesley on the other hand has seen both sales units and dollar volume plummet by 42.8%  and 51.3% respectively. Combine drastically lower sales in Wellesley with inventory that has skyrocketed 74.8% and you get a market significantly out of  balance. Perhaps sellers are trying to out wait cautious buyers?  More likely, by waiting to reduce their asking prices, sellers will ultimately have to sell at an even lower price. The alternative is to not move.

NEEDHAM and NATICK are stabilizing and WELLESLEY needs a dose of reality to gain equilibrium.

Percentage Change for the First Half of 2009 vs. 2008

………………………NEEDHAM……… WELLESLEY ………..NATICK

SALES Units.………….. flat…………………...…..- 42.8%…………………….. – 11.0%

$ VOLUME ……………- 2.6%……………………. – 51.3% ……………………..- 14.1%

Median price…………... flat ………………………..- 3.7% ……………………… 4.9%

Units in Inventory….. 2.6% ……..  ……………. 74.8% …………………….- 12.5%

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 remain heavily biased against jumbo loans needed to finance the vast majority of homes in Wellesley. Despite some modest improvement from the first quarter, the numbers tell us that homes prices in Wellesley still face downward pressure before the market can gain equilibrium?  Your thoughts?

John Prescott, Vice President

CENTURY 21 Commonwealth

508-523-9252

JOHN gets results because he knows his business!





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.


The new first time homebuyer tax credit represents an economic windfall for those who qualify!

So here’s a tax tip - Buy a House!

Homes purchased on or after January 1, 2009 and before December 1, 2009 are eligible for a tax credit of 10% of the purchase price of the home up to a maximum of $8,000.house-with-porch-made-out-of-10

According to  MyMortgageInsider.com, the tax credit can be claimed on either your 2009 tax return, or “immediately on the 2008 return due in April.”

There is a new IRS form 5405 which you need to file.  It’s easy and all you have to do is claim the credit.

The National Association of Home Builders details frequently asked questions about the homebuyer credit, as well as other resource information.


The $8,000 tax credit is a window of opportunity provided in the economic stimuluswin-win position for a first-time buyer that you don’t want to miss! plan to help revitalize the economy.  It’s a

If you have more questions, don’t hesitate to contact me at 508-523-9252 or email me at johnprescott2000@aol.com.

Let’s put this $8,000 to work for you!

Consult with a tax specialist regarding your specific tax situation.

JOHN PRESCOTT

-BostonKayakGuy

Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net

JOHN PRESCOTT

Vice President

Century 21 Commonwealth

508-523-9252

BostonKayakGuy…The MetWest Scene


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Purveyor of  real estate in South Natick, Wellesley, Natick, Weston,  Wayland, Needham, Newton, Framingham, and Sudbury.  For over 14 years John Prescott has specialized in real estate investing in Boston's metrowest communities.

 TOP NATICK WELLESLEY NEEDHAM REAL ESTATE AGENT
 
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.


  Prescott is an expert in neighborhoods, as well as towns.  John has worked closely with families for many years in the entire greater Boston area, as well as with local companies.
 
Those relocating to the Boston area will find John Prescott to be a tremendous resource.
   
 



 
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29 Washington St • Wellesley, MA 02481
Direct: 508-523-9252 • Phone: 781-237-8070 
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JohnPrescott2000@aol.com

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