Home sales are down for real estate priced at over $1 million due to the fact that jumbo loans are more difficult and more expensive to get these days.  The first quarter real estate results showed that luxury home sales nationwide were down nearly 50% compared to the first quarter of 2008.  On the positive side of this news, sales of homes over $1 million were quite active in some Greater Boston areas.  According to a recent article in the Boston Herald, “Newton and Needham had the most million-dollar-plus sales in the first quarter, with each community seeing a dozen single-family home sales transactions in that price range.”  In first quarter 2008, there were 7 million plus sales. First quarter results, while gloomy overall, left a positive stamp on real estate in Needham. 

If you are interested in looking at real estate in Needham MA, contact me at Pinnacle Residential Properties today.  I have the knowledge and experience necessary to educate you about Needham and everything that it has to offer.

Contact Elyse Marsh at (617) 803-3571 for the best in real estate service.  Click here, www.PinnacleHouses.com, for a complimentary search of the MLS and access to all homes currently on the market in Wellesley, Weston and Needham as well as surrounding communities.

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