It might seem like little is happening in the Harvard real estate market, but a closer look reveals more.
On January 10th, for example, the 22-acre "Windsong Farm," at 112 Bolton Road, which had been under contract since last August at a list price of $1,750,000, suddenly reappeared on the open market, purportedly because the original buyer's home sale contingency fell through. This time, though, the asking price has been upped to $1,895,000. It had originally been listed for $2.7 million when it debuted back in July of 2016. It will be interesting to see what happens this year. UPDATE: this listing was cancelled the next day, on January 11, 2018! I suspect we'll see it re-emerge, perhaps under different auspices, in the months to come.
There are currently 18 homes for sale in Harvard, with an average list price of about $905,000. The sellers of five of those, or 28%, are asking more than $1 million. In 2017, when 59 homes were sold through the MLS, the average sale price was $686,523 and only five (8%) brought more than a million all year.
There's no disputing, though, that Harvard is still experiencing a sellers' market. There are 13 homes already under contract with a median price of $639,500, ranging from the antique foreclosure listed for $274,900 at 68 Still River Road, scheduled to close in February, to the tear-down on 22 acres at 168 Bolton Road listed for $1.1 million and scheduled to close next week. UPDATE: 168 Bolton Road came back on the market on January 12th, just four days before it was supposed to have closed.
The frigid weather conditions during the first week of this new year may have slowed the emergence of new listings, but that's just a temporary lull. We'll certainly see a burst of homes blossom on the market well before winter's snows have subsided.