Wellesley, Massachusetts

Wellesley

Market Insights

• Wellesley has experienced significant price growth from Q2 2019 to Q2 2020 (10.8%) due to the three sales over $4M that closed this quarter despite a fewer number of sales. Despite having 27 more sales in Q2 2019, there was one less sale over $4M, skewing average pricing upwards in Q2 2020.
• Two of Wellesley’s biggest closings occurred on Woodcliff Road:
• 15 Woodcliff Road - $4,000,000
• 68 Woodcliff Road - $3,895,000
• Despite strong pricing growth, Wellesley was not immune to the COVID-19 impact; the number of closings declined by 25.5% year over year in Q2 2020
• Conversely, Weston, a neighboring suburb with a similar demographic profile, actually saw number of closings increase by 17.5% during this timeframe