Boston Home Buyer New Construction Insights
Days on Market can be deceiving when it comes to Boston new construction homes. Many of the homes come on the market early in the construction phase, sometimes even before ground breaking. Many consumers find it difficult to visualize the final product, so the home may not sell until the finishes are in place. For example, this stunning Wellesley home just went under contract in the last week in January 2016 after many months on the market. While it may seems like this house has been idle, the reality is that the final phase of construction was first completed about a month ago. Many people would find this home amazing, not only because of the stunning finishes, but also because of the unusual layout which brings light in from many angles (see photo of stairway). The open floor plan leads to a wonderful great room with wet bar, gas fireplace, and a coffered ceiling. French doors open to a deck which overlooks a wooded lot and a small stream running just beyond the property line. What made me fall in love with this gracious home was the beautiful master suite. The his and her bathrooms–connected by a huge white tiled shower–is a unique and lovely feature.
Beautiful homes like this one are hitting the market at a slow pace due to the lack of buildable land and the high cost of materials and labor.
“House hunters seeking brand new construction in the Boston area better prepare to ante up. Buyers can expect to pay anywhere from $700,000 to well over $1 million for a new house inside the Route 128 beltway…Closer into Boston, restrictive zoning and a scarcity of building lots has combined to drive new home prices through the roof.” Excerpt from Boston.com
Best advice: find an experienced Buyer’s Agent to guide you through the choices in buying new construction in the Greater Boston Area.
20 Manor Avenue Wellesley, MA MLS #71830376 Under Agreement Offered at $1,599,000
- 12 rooms
- 4 bedrooms
- 5 full baths, 1 half bath
- Approx. Living Area 4,700 sq. ft.
- Approx. Lot size: 13,462 sq. ft
Listing agent is Kristi Ross with Hammond Residential.
Would you like assistance from a Buyer Agent’s in finding similar homes? Contact me at 617-797-9497 or email Janet@JanetPorcaro. By the way, I work ALL winter!
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