Keys to the February Harvard Market

Though the official start of Spring may be just 40 days away, we haven't yet seen an explosion of new listings in Harvard, perhaps because of the intermittent storms that have left driveways as slick as skating rinks.  That should begin to change in the next week or so.

Among the 18 single-family homes currently on the market in Harvard, only one is a "new" listing:  209 Stow Road, a modest 4-bedroom colonial offered at $525,000.  The other 17 have been on the market for 58 to 431 days--the higher figure is for 112 Bolton Road, a 23-acre estate priced at $1,875,000 that had been under agreement last year but bounced back on the market in January.

Buyers have been busily snapping up Harvard homes during the last few months, no matter the weather.   Ten properties are currently under contract, ranging from the $274,900 foreclosure at 68 Still River Road to the 4800- square foot expanded cape at 32 Candleberry that had been on the market for 40 days at an asking price of $899,900.  It's due to close in mid-March.

Five homes have closed in just the last 30 days, ranging from the 3-bedroom ranch at 52 Mass. Ave. ($341,500) to 131 Bolton Road, a 4-bedroom cape on 3+ acres that changed hands at $760,000.

As is evident in the graph below, current market conditions in Harvard continue to be considered a "Sellers' Market," though not quite as strongly so as it has been during the last few months.  Watch for an explosion of new activity during the next 60 days.  You can see the full, unedited Harvard Market Report here.