Weston Real Estate: The Latest
We once again invited top realtors from KMS Partners at Compass to a Zoom session for an update on the Weston real estate market. David Weber, Susan Seath, and Karen Hagen joined us for the fourth time in two years.
In the 13-minute video above, our guests described a market decidedly short on supply but high on demand.
Takeaways
“It's a great time to be a seller, if you know where you want to go,” said Mr. Weber.
It is more challenging to be on the buying side. Ms. Hagen described one recent sale where a house had 70 showings beginning on a Friday and nine offers, all above the asking price, by day’s end on Sunday.
The market appears strong at all levels. “High-end buyers are out too," said Ms. Seath. She said it is “truly amazing” that Weston is seeing sales at the $4 million level. Sellers still must make sure the house “shines,” she said, and price it realistically.
Buyers still coming from New York City, but many are from California, and some houses sell as weekend retreats. It appears that a number of prospective buyers are local, currently renting in the area, waiting for new listings.
In addition to features like large properties, open space, and excellent schools, Weston’s appeal has been augmented by changes in how and where people work, an altered work environment that may persist after the health crisis abates.
As Mr. Weber put it, “If you can work from home and only go into New York occasionally, all of a sudden Weston becomes much more attractive.”
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January 15, 2021: Weston Real Estate: Still Hot