Lisa Li Real Estate Sharing Series-Wellesley
Lisa Li
Principal
Licensed Broker
Phone: 617-335-4829
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lisali.realtor@gmail.com
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Proficient in self-housing and rental housing in all good school districts and high-end districts in the Greater Boston area. If you need to buy or sell a house, please contact me.
Lisa Li Real Estate WeChat Sharing Series
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Topic 11: Wellesley of Greater Boston
There are many towns in the Boston area, each with its own character, culture and people. Today I will introduce the well-known Wellesley. When you hear the name Wellesley, do you think of everyone as a lady? Many people know Wellesley because of Wellesley College. Many famous women such as Hillary Clinton and Song Meiling have come out of this famous college. Wellesley is one of the top three high-end towns in Massachusetts. Every time you pass by those lush streets and slowly drive past those luxury housing communities with different postures, you will always have a pleasing impression.
Let's look at the data first:
1) Wellesley has a population of about 29,000. Every time I go to Wellesley to see houses, I always think of one word: high-end atmosphere. Next to Needham is Xiaojiabiyu, and Wellesley is a lady. Newton next to him was noisy and high-profile, while Wellesley was quiet and steady. Weston on the side is lonely and desperate for defeat, and the height is too cold, while Wellesley is gentle and amiable, not yet unattainable.
2) Wellesley is a community with a fairly neat class layout, and the gap between people is not that big. In fact, Wellesley ranks firmly on the list of cities and towns with highly educated population in the country. See the statistics of Wellesley on city-data.com, Wellesley 25 Among the population over the age of 50.1%, those with a master’s degree or above account for 50.1%. Are you convinced? The proportion of the population with a bachelor’s degree is 83.8%. Walking on the street, you can easily grab a handful of intellectuals. Do you think you are very educated? Near Zhuzhechi. So when you go to Wellesley to look at houses, it is not uncommon to see books in a study room.
3) Many people think that Wellesley is a very white town, but it is actually quite Diversified. According to the data on the DataUS website (https://datausa.io/profile/geo/wellesley-ma/#demographics) The white population accounts for 78.8%, the Asian population accounts for 11%, the Hispanic population accounts for 4.78%, and the black population only accounts for 2.13%. You may not think that the most commonly used foreign language in Wellesley is actually Chinese! Second is Spanish. Look, we Chinese all love to live in cultured places, which is supported by statistics.
4) From the perspective of demographic occupation and income, Wellesley is an out-and-out high-end white-collar residential area. About 30% of the employed population are management and financial occupations, and a large proportion of professional industries. Lawyers, doctors, bankers, this is the original sentence excerpted from the DataUS website: "Compared to other census places, Wellesley, MA has an unusually high number of residents working in Legal; Life, Physical, & Social Science; and Business & Financial Operations”. Wow! Great Welleslley.
The median household income in Wellesley is $171,719. The following is the income distribution map of Wellesley. 44% of households have an annual income of more than 200,000 US dollars, and another 37% of households have an annual income of 100,000 to 200,000 US dollars. Therefore, a total of 81% of households have an annual income of more than six figures. Not to mention Hao, but at least Kang, everyone has ample food and clothing:
5) Now comes the key topic that everyone cares about: school district. There are seven elementary schools, one junior high school and one high school in Wellesley, making it a well-known good school district. Generally speaking, for family-oriented towns, the quality of primary schools is directly related to the price of real estate in the area. However, for Wellesley, due to the relatively similar quality of population in each district, it is not easy to be equal. However, it is really necessary For the points, I will talk about it according to the price of the area so far, so as not to be shot. Wellesley's most well-known high-end location should be Cliff Estate, with a quiet and beautiful environment, marked by roads such as Cliff road, Albion Road, Monadnock Road, Woodcliff Road, and Edmunds Road. The plots are all above 20,000 square feet, and most houses are well-decorated Very nice and in the Upham school district. The relatively cheap small house area of Wellesley corresponds to the Sprague school district, and The Fells, a popular renovation area, corresponds to the Hardy school district. The area where Wellesley College and Dana Hall are located corresponds to the Hunnewell School District. The area where Babson College and Country Club are located corresponds to the Fiske School District. Please see the distribution map of Wellesley Primary School:
The above image is from the GIS website of the Wellesley government, and various other useful map information can also be found on it:https://www.mapsonline.net/wellesleyma/
If you look at the picture above, you can see that the price range with the largest transaction volume is between 1 million and 2 million. In the price range of 1 to 1.5 million, the average house can be sold within 36 days on the market. This shows that , houses in this price range are very safe in Wellesley. The price range of 1.5 to 2 million can be sold in an average of 54 days in the market, which is not bad. For friends who love to live in luxury houses, Wellesley should be an ideal choice. So which price range is the tightest in Wellesley? It is in the range of 800,000 to 1,000,000, and it is usually bought at a price increase. The ratio of the average selling price to the asking price is 101%, and the seller can sell it in less than a month in the market. Of course, all the houses below 800,000 yuan were sold within two weeks, which truly proved that the emperor's daughter in a small house in a luxury residential area will not worry about marrying. Below is the distribution map of houses in each price range. Refer to the locations and school districts I mentioned above, and you can correspond by yourself:
The distribution map of properties below 1 million sold in the last year, the number in the purple circle is the number of properties sold in that vicinity. If it is 7, it means that there are 7 houses sold under 1 million in that small area within a year. If there is only one small raindrop with a number, it means that there is only one house under 1 million. The number is the MLS number, professional The broker uses this number to check the past and present of the real estate transaction. Have you seen that many cheap houses are along Highway 9, with Natick attached, and near Newton Upper Fall, see the picture:
Distribution map of 1 million to 1.5 million properties sold in the past year:
The distribution map of 1.5 million to 2 million real estate sold in the last year, it is obvious that the north of No. 9 and No. 16 has won:
In the distribution map of properties sold for more than 2 million yuan in the past year, I marked Cliff Rd with a red line. Do you see it? Cliff Estate and its surroundings are full of luxury houses. It is safer to buy a luxury house in that area, and it will be relatively convenient to sell in the future:
Wellesley has finally finished writing. I have summarized and refined the impressions and experiences I have accumulated in the Wellesley housing market over the years, but this is only a very outline of the key points. The specific area and environment of the real estate require specific analysis.