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Health & Fitness

Median Home Price in Weston Jumps 27 Percent in August

Median Home Sale Price in Weston Jumps 27% from $1,050,000 to $1,335,000 in August. This is the seventh straight month of year over year gains, and is evidence of a strong housing recovery.

There is good news on the housing front in Weston: the median home price in Weston posted a robust 27% increase and rose from $1,050,000 to $1,335,000. The number of sales in Weston for the month of August showed a dramatic 61% increase. The number of transactions climbed from 13 sales of single family homes in August 2011 to 21 sales in August 2012, and the median price increased by 27%.

This stunning upward trend is reflected in the August home sale data for the entire Bay State. The Warren Group, publisher of Banker & Tradesman, reported on 9/25/12 that "Sales of both Massachusetts single-family homes and condominiums rose in August - the seventh straight month both property types posted a year-over-year increase."

There have been several high end sales this year that have boosted buyer confidence in the overall Weston market. In July, 103 Rolling Lane, Weston sold for $6,500,000. The house is a spectacular contemporary estate, with exquisitely designed interiors, overlooking Weston Golf Club. In June, an elegant shingle style home on 4 acres at 36 Love Lane sold for $6,250,000. That home was on the market for less than 60 days.

Find out what's happening in Westonwith free, real-time updates from Patch.

If the local market continues to move at this brisk, positive pace, 2012 will be on track to match or exceed the sales volume and median price of 2005, which many economists consider the peak year of real estate volume of the past decade. Let's hope the optimism continues.

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