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Bargain Suburbs, Continued!

Posted on 18. Dec, 2012 by in Everything Else, Featured Homes


We started our @Boston.com “Bargain Suburbs” Property Picks round up on our Facebook page and we are going to finish it here on our blog.

So far we have given you the following bargain picks:

Ashland:

Bargain Property Pick:
Renovated 4 bed 3000 square ft colonial home w/Brazilian cherry wood floors.
Price tag: $429,000

Boxborough

Bargain Property Pick:
2600+ Sqre ft, 4 bedroom (including master suite) home on almost a full acre!
Price Tag: $637,500

Here are the remaining 9 “Bargain Suburb” Property Picks:

Foxborough :


Georgetown:

Price tag: $264,000

Holliston:

Brand NEW custom 3000+ square foot 4bed/2.5 colonial

Price tag: $599,000


Maynard:

(Pic not available at this time)

Price tag: $334,000

Newbury:
Be minutes from the beach in this 4 bed/2.5 bath colonial on 2.5+ acres

Price tag: $534,000

Norfolk:

Price tag: $509,900

Walpole:

West Newbury:
4bed/2.5 bath home with a tennis court AND in-ground pool!

Price tag: $469,000


Wrentham:

Price tag: $579,900
That wraps up our “Bargain Suburbs” Property Picks!
Brought to you by,
Territory.com
Massachusetts Premier Buyer Brokerage
617 848 5407 x701

Hottest Markets Round Up, 2012: Newton

Posted on 18. Sep, 2012 by in Everything Else, Sold!, Territory News


I answered a question on Trulia today that was pretty much identical to the “Boston’s Hottest Markets Round Up …” blog series I have been posting over the last several weeks so I figured why not “cut and paste” and add it to the mix. After all, the suburbs count too!  :) The big difference between my answer below and the blog posts that I must point out is the addition of the month of July in the overall statistical calculations.

The Question:

How well do home values in newton center hold up? is it quite competitive (multiple competing bids) on homes > $1.5MM now?


The Answer:

It was (and is) a very competitive market (lots of competitive bids depending on the season) yet very insulated so it’s a great place to invest your money. They have great schools and it is close proximity to downtown [Boston]. Almost every offer scenario we were [involved] in with clients was a competitive bid.

Here are some numbers to give you a sense of where the market stood at the end of this spring season compared to 2011. I chose the below dates because the average time to close is about 60 days and the spring market really heats up end of April/all of May leaving July and August as prime months for closings, giving a general synopsis of that yrs market.

7/1/2011 – 9/1/2011

Total Single Families sold:132
Avg. Days on Market: 69
Sale Price to Listing Price Discount: 3%
Sale Price to Original Price Discount: 6%
Median Price: $772,500

7/1/2012 – 91/2012

Total Single Families Sold: 170
Avg. Days on Market: 80
Sale Price to Listing Price Discount: 2%
Sale Price to Original Price Discount: 4%
Median Price: $862,450

As you can see by the numbers the spring market was red hot this year! The median price increased in 2012 about 11% which is astounding. You can also see there were smaller discounts in sale prices compared to the previous year which was probably a reflection of the competitive bid scenarios (drives prices up).

Since you asked up to 1.55M I thought you would be interested to know that in 2011 during the time frame above the most transactions happened in this price point: $1,000,000 – $1,499,999 and in 2012 it was the exact same.

I hope that helps! There is always more [info] where this came from as it is our primary job as exclusive buyer’s agents to educate home buyer’s. Feel free to contact us anytime with questions about a market or home.

________________________________________________________________________________________________________________

See what all the fuss is about in Newton HERE by scrolling through every property on the market for sale

Boston’s Hottest Markets Round Up, 2012: South Boston

Posted on 14. Sep, 2012 by in Everything Else, Sold!, Territory News


We were blown away by the competition in the Boston and the Boston suburb real estate markets this spring so when August rolled around we couldn’t help but stalk the sale numbers (Kid-In-Candy-Store style). But, what fun would it be if we kept the info all to ourselves? So we decided to post a short but sweet series of blogs outlining statistics for some of the hottest markets this year.

In this blog we introduce a market with a ton of buzz and activity: Southie! The numbers appear to support what Territory.com predicted as a market-changing summer for this neighborhood. Check it out:

 

                                            8/1/2011 – 9/1/2011                      8/1/2012 – 9/1/2012

Total Condo’s Sold:                               68                                               90

Average Days On Market:                     79                                              63

Sale Price to List Price Discount:         4%                                              2%

Sale Price to Original Price Discount:  6%                                              3%

Median Price:                                          $362,500                                    $420,500

 

Territory.com wrap up corner: It’s pretty obvious with a 25% increase in total condo’s sold and a 14% increase in the median price compared to 2011 that this market is RED HOT ! In addition to more sales it looks like the competition was also hot with <2% in SP:LP discount and <3% in OP:SP discount. There were a lot of new residential and commercial development projects which helped propel this neighborhood into the next IT place to live!

See what all the fuss is about and scour everything on the market in South Boston HERE! Need something to do this weekend? Why not get out of the house and check out some Southie open houses for a first hand taste.

Brought to you by, Territory.com, Boston’s Real Estate Agency for Buyers.

Make sure to check back (or subscribe = less work for you!) because more Round Ups are coming your way!

 

Boston’s Hottest Markets Round Up, 2012: Beacon Hill

Posted on 08. Sep, 2012 by in Everything Else, Sold!, Territory News


We were blown away by the competition in the Boston and the Boston suburb real estate markets this spring so when August rolled around we couldn’t help but stalk the sale numbers (Kid-In-Candy-Store style). But, what fun would it be if we kept the info all to ourselves? So we decided to post a short but sweet series of blogs outlining statistics for some of the hottest markets this year.

Beacon Hill, one of the long trusted neighborhoods to invest and live, kept in line with its overall steady market trend showing signs of recovery. Check out the statistics:

 

                                            8/1/2011 – 9/1/2011                      8/1/2012 – 9/1/2012

Total Condo’s Sold:                               19                                               21

Average Days On Market:                     133                                              56

Sale Price to List Price Discount:         4%                                              2%

Sale Price to Original Price Discount:  5%                                              4%

Median Price:                                          $465,000                                    $605,000

 

Territory.com wrap up corner: One thing didn’t change in Beacon Hill this spring/summer and that was inventory – we can attest to that first hand – real slim pickin’s! The year the big difference appeared to be more demand as consumer confidence got a boost which explains the drastic change in DOM (down around 42% from 2011!) The limited inventory may have been the source of the % sale discounts which were also down significantly from last year (things were selling much closer to list price in 2012) In regards to the median price, well, wow! Quite an increase. When we looked closer at the numbers it appears there were more sales in 2011 <$350K which is likely what skewed the median prices – interesting trend.

See what all the fuss is about and scour everything on the market in Beacon Hill HERE!

Brought to you by, Territory.com, Boston’s Premier Buyer Brokerage.

Make sure to check back (or subscribe = less work for you!) because more Round Ups are coming your way!

Boston’s Hottest Markets Round Up, 2012: South End

Posted on 07. Sep, 2012 by in Everything Else, Sold!, Territory News


We were blown away by the competition in the Boston and the Boston suburb real estate markets this spring so when August rolled around we couldn’t help but stalk the sale numbers (Kid-In-Candy-Store style). But, what fun would it be if we kept the info all to ourselves? So we decided to post a short but sweet series of blogs outlining statistics for some of the hottest markets this year.

Not surprisingly the South End continued on its domination tour, resulting in (our Territory.com experience) many competitive bid scenarios – buyers literally had to have check books ready!

Without further adieu, take a look at these South End condo market stat’s:

 

                                            8/1/2011 – 9/1/2011                      8/1/2012 – 9/1/2012

Total Condo’s Sold:                              74                                               46

Average Days On Market:                     75                                              35

Sale Price to List Price Discount:         1%                                              1%

Sale Price to Original Price Discount:  3%                                              2%

Median Price:                                          $537,500                                    $583,750

 

Territory.com wrap up corner: The number of sold inventory dropped but so did the days on market by half showing that while there may have been less to choose from buyers were out to bid! In addition the the SP:OP discount dropped by a percent in August of 2012 and the median price increased by 8%! That could be in part because of the lower inventory coupled with high demand but we have a sneaky suspicion it is also a sign of the South End continuing at high speed on its gentrification train.

Check out all the South End digs currently on the market for sale HERE.

Brought to you by, Territory.com, Boston’s Premier Buyer Brokerage.

Make sure to check back (or subscribe = less work for you!) because more Round Ups are coming your way!

Is Cambridge a Good Place to Live?

Posted on 06. Sep, 2012 by in Everything Else


172 Franklin Street
5 Warwick Park
232 Brattle St

Spreading across just 7.13 square miles, Cambridge, Massachusetts, is the smallest (geographically) of the Boston-area small towns and suburbs that we have covered.  Amazingly though, it is also the most populated, active, and well known.  The real estate market in Cambridge saw 714 properties sold in 2011—that’s more than in Needham (309), Charlestown (223), and Sudbury (154) combined!

Home of two of the world’s leading academic institutions—Harvard and MIT—Cambridge (and the people and ideas it churns out) truly is known the world over.  Often called the “city of squares,” this urban landscape is broken down by its five squares:  Kendall, Central, Harvard, Porter, Inman, and Lechmere.  Each square has a unique character and attitude—some more residential and others commercial, some best for eateries and others for shopping.  No matter how you slice it though, Cambridge is packed with more than 105,000 people!  According to the 2010 census, that number makes Cambridge the fifth most densely populated city in the US and second most in the state of Massachusetts (behind its neighbor, Somerville).

With so many people and so little space, the real estate offerings are primarily all condos or multi-families.  A few single family homes spring up from time to time, but they generally always come in at the higher end of the market, which, in our experience, can be the most competitive part of the market.  As you’ll see from the stats below, the inventory has dipped slightly in the last several years, but the average sale price has actually increased by nearly $69,000!

The college and university scene, along with an active resident base, fill the local event calendar nearly year round.  It is quite possible that you could do something different every day or night of the week by sticking around Cambridge alone.  In fact, the city’s website claims that it lays host to at least 90 outdoor events annually.

World-renowned universities, unbeatable cuisine, and the energy of 100,000+ residents–could Cambridge be the place for you?  Here are a few more quick facts to consider:

Real Estate Market Facts:

  • 1/1/2004-1/1/2005
    • Properties sold = 831
    • Median sale price was $443,232
    • Homes sold at an average of 99% of their list price
  • 1/1/2011-1/1/2012
    •  Properties sold = 714
    • Median sale price was $511,773
    • Homes sold at an average of 97% of their list price

Restaurants and Eateries:

Things to Do/See:

Festivals:

Rarely is there a vacancy on the Cambridge fair and festival calendar.  Here are just a few of the highlights:

Fun Facts:

  • Cambridge has the highest percentage of commuters who walk to work.
  • Cambridge is 7.13 square miles
  • Slightly more than 105,000 residents
  • Harvard is the city’s largest employer with 10,718

Notable Residents:

There are far too many to name when it comes to the world of academia, science, and medicine, but the following statistic sums it up nicely:

  • At least 129 of the world’s total 780 Nobel Prize winners have been, at some point in their careers, affiliated with universities in Cambridge.

Other famous Cambridge-ites:

  • EE Cummings
  • James Russell Lowell
  • Oliver Wendell Holmes
  • Mandy Kaling (The Office)
  • Ben Affleck
  • Matt Damon
  • Conan O’Brien
  • B.J. Novak (The Office)

Schools:

  • 12 Elementary-Middle Schools
  • 3 Public High Schools

Higher Education:

Thinking you might like to call Cambridge home?  If you need more information, market facts, or just some general advice about the area, we’d love to give it to you.  Browse all homes listed here and don’t hesitate to call!

 

Boston’s Hottest Markets Round Up, 2012: Jamaica Plain

Posted on 06. Sep, 2012 by in Everything Else, Sold!, Territory News


We were blown away by the competition in the Boston and Boston suburb real estate markets this spring so when August rolled around we couldn’t help but stalk the sale numbers (Kid-In-Candy-Store style). But, what fun would it be if we kept the info all to ourselves? So we decided to post a short but sweet series of blogs outlining statistics for some of the hottest markets this year.

First up, Jamaica Plain (which, btw, got the Gold Medal in our Olympic inspired blog earlier this summer – we’re so good maybe we should head to Vegas and “load up”! ). It has truly been remarkable to watch this market blossom.

Anyway, no need to listen to our opinions when there are actual statistics to prove the obvious: JP IS HOT!

Check this out:

                                                   8/1/2011 – 9/1/2011                      8/1/2012 – 9/1/2012

Total Condo’s Sold:                                34                                               55

Average Days On Market:                     109                                              62

Sale Price to List Price Discount:         4%                                              1%

Sale Price to Original Price Discount:  6%                                              2%

Median Price:                                          $314,650                                    $332,000


Territory.com wrap up corner: Not only did the inventory double from 2011 but the competition also heated up with DOM dropping nearly in half and the sale prices going from 4% discount from list price to 1% ! The median price also went from $315K to $332K showing another sign of strengthening market prices.

See what all the fuss is about and peruse the REAL ESTATE!

Brought to you by, Territory.com, Boston’s Premier Buyer Brokerage

Make sure to check back (or subscribe = less work for you!) because more Round Ups are coming your way!

 

Is Wellesley a Good Place to Live?

Posted on 22. Aug, 2012 by in Everything Else


 

Just 12 miles west of Boston, nestled between Natick and I-95, is the town of Wellesley, Massachusetts.  Known predominantly for its colleges and excellent school system, there is more to this small New England town than just a strong academic record.  While it boasts that an impressive 75.89% of the adults living there have earned at least a 4-year college degree (as compared to the national average of 19.23%), Wellesley is also home to renowned artists, famed designers, and large corporations.

The real estate market in Wellesley is active, for sure, but it also comes in at a higher price point than other Boston suburbs.  At present, there are more than 100 active properties for sale on Territory.com (most of which are single family homes), showing a strong inventory in Wellesley; however, the average number of days on the market is 144.  With that said, there are a few—very few—condos listed, but they are certainly going to be a bit harder to find if that is what you are in the market for.  The listings range from $299,900 to $14.5M and the average listing price hovers above $1M.  So, while this college community is ideal for its proximity to Boston, access to I-95 and points south, it may not be as affordable as neighboring Natick or Needham.  But, that’s up for the buyer to decide.  And, to help you do that, here are a few Wellesley highlights:

Real Estate Market Facts:

1/1/2004-1/1/2005

    • 384 Properties sold
    • Median sale price was $1,122,104
    • Homes sold at an average of 95% of their list price

1/1/2011-1/1/2012

    • 283 Properties sold
    • Median sale price was $1,249,963
    • Homes sold at an average of 92% of their list price

Restaurants and Eateries:

Things to Do/See:

Festivals/Fairs/Activities:

Fun Facts:

  • Average Commute time for residents is 26 minutes.
  • Wellesley is 24.7 square miles
  • As of 2010 27,982 residents

Notable Residents:

Schools:

If you do choose to call Wellesley home, you are sure to find ways to plug into the community right away.  They even have a Wellesley Newcomer’s Club that one can join.

Feel free to call us if you would like to learn more about the Wellesley market.  Or, if you would like to check out all of what Wellesley has to offer right now, browse through our listings here.

 

 

 

 

Is Sudbury a good place to live?

Posted on 08. Aug, 2012 by in Everything Else


(Click any image above to redirect to its listing.)

Just eight miles north of Framingham and 20 miles west of Boston is the relatively small town of Sudbury, Massachusetts.  As well known for its rich history as it is for its vibrant present, Sudbury has a great deal to offer those who are seeking a lively, yet suburban area.

Sudbury is part of Middlesex County, which happens to be the 3rd wealthiest county in the state and the 40th wealthiest in the country, with a median household income of $157,719.  The elevated income level of residents has a direct impact on real estate prices—today the average list price is $675,000. That’s quite a leap from neighboring Framingham where the average list price is just $299,900.

If you look at the quick market facts below, you’ll see that inventory has dropped quite a bit in the last few years.  In 2004/2005 there were nearly twice as many homes on the market as there were in 2011/2012.  Additionally, the percent discount off the original price was much higher 2011/2012.  So, while the median price did not change dramatically, there was more activity and fewer price discounts in 2004/2005.

More than anything else, one thing makes Sudbury a suburban stand out—education.  Not only is the overall population one of the most educated in the state, its school system has achieved quite a name as well.  In 2011, Sudbury’s school system ranked 4th in the state in classroom/academics and testing/achievement (according to Boston Magazine).  Thus, young families are generally attracted to the area because it offers such a strong educational foundation in a small town setting.

Sudbury’s list of notable residents is quite extensive.  In fact, Shaquille O’Neal lived there until June 2011 and had this to say to David Letterman about living there: “I signed kind of late, so I really didn’t have a chance to find a house, so I went on Google and put ‘big house outside of Boston,’ and I found this big 10-acre farmhouse, so . . . I love it. Wild turkeys, wild foxes, wild bears.’’

Could Sudbury be the place for you?  Here are a few more quick facts to help you decide:

 

Restaurants and Eateries:

Real Estate Market Facts:

1/1/2004-1/1/2005

  • Properties sold 268
  • Median sale price $732,321
  • Homes sold at an average of  98% of their list price

1/1/2011-1/1/2012

  • Properties sold 154
  • Median sale price $684,804
  • Homes sold at an average of 96% of their list price

Things to Do/See:

  • Assabet River National Wildlife Refuge According to their website, they are “open for wildlife observation, photography, hunting, fishing, environmental education and interpretation.”
  • Longfellow’s Wayside Inn Oldest operating inn in the country.
  • Martha-Mary Chapel One of six non-denominational chapels built around the country to pay tribute to Henry and Clara Ford’s mothers:  Martha Bryant and Mary Ford.

Festivals:

Fun Facts:

  • Average Commute time for residents is 37 minutes. The National Average is 28 minutes.
  • Sudbury is 24.7 square miles
  • Slightly more than 18,000 residents

Notable Residents:

Schools:

  • 4 elementary schools, 1 middle school
  • 1 high school:  since 2002, joined up with neighboring Lincoln to form the shared Lincoln-Sudbury Regional High School (LSRHS), which is located in Sudbury.

The market in Sudbury is predominantly marked by larger, single family homes like this one.  If you’ve got more of a modest price point in mind, there are several on the market like this one that might just be the home for you.    And, keep in mind, if you buy through us, you are surely going to save!

Take a look through of all of the properties on the Sudbury market today.  Which are your favorites?

Maxalt

Olympic Inspired Real Estate Trend Alert!

Posted on 31. Jul, 2012 by in Everything Else


Olympic Inspired Trend Alert!

Curious what Boston markets were red hot this spring? One way to measure is by looking at current Under Agreement property statistics. We used neighborhoods that savvy premier buyer brokers like ourselves know are trending: Back Bay, Beacon Hill, South End, Jamaica Plain, South Boston, North End and Charlestown, and here are the numbers:

1st place honors (or shall we say, “The Gold Medal goes to …”): SOUTH BOSTON W/ 151 UA properties!

Followed by:
Back Bay – 80
Jamaica Plain – 76
South End – 76
Charlestown – 47
Beacon Hill – 24
North End – 15

Award Ceremony:

Dark Horse: (Well maybe to you but we knew this was coming …) Jamaica Plain! If you are wondering where to invest the green next we vote this neighborhood!

Not Surprised: South End. This area continues to trend!

Surprised: BH and NE, but from what our premier buyer brokers report, this is likely because of very low inventory.

Check out all the #RealEstate here: Territory.com

 

**Statistics pulled via MLS. These numbers change daily so if you read this post after 7/31/2012 stat’s will have changed.