Summer heat, sunny days and "scary" government shutdown news! No matter, new listings still keep coming on the market in Watertown MA !
And here's 3 new Watertown, MA listings
234 N. Beacon Street, $367,500 3 bedroom single-family Watertown single family
69 Galen Street, $424,900, 9 room townhouse Watertown townhouse / condo
60 Church Street, Watertown, $699,000, 11 room 2-family (interesting property!!!) Watertown multi-family
To view all 128 active Watertown listings click here: Avenue 3 Property Search Watertown MA . Also, download our informative better buyer kit for all the info you need to negotitate your real estate transactions.
Just starting your search? Schedule a 30 minute meeting with one of our agents for an overview of what's happening in the town/city you're thinking is place for you. Contact us when you're ready, we're ready to help you.
Enjoy your weekend!
Watertown MA Real Estate, a 6 month update:
(Summer 2011 -- Arsenal Park , Watertown )
We're taking a look at the Single-family market YTD 2010 -- YTD 2011
Jan - July 25, 2010 - total Watertown SF sale units: 37
Average sale price: SF: $489,343 average days on market: 57 days
Jan - July 25, 2011 - total Watertown SF sale units: 47
Average sale price: SF: $490,020, average days on market: 70 days
Interesting numbers and good new for Sellers and homeowners in Watertown. For more detailed info on the sold properties visit our web site and register to recieve daily updates: Avenue 3
And potenial Watertown MA property buyers, contact us for Watertown neighborhood breakdowns and more detailed analysis comparing YTD 2010 vs 2011. Condo and multi family data also available...
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And here are the pending sale numbers for all the towns we track weekly:
total number of offers accepted for all property categories 07.17.11 - 07.24.11
For community resources, trending topics or to search for homes click on the town name ...
First # under agreement for this week, second # "WIR" last week....
What do the above numbers mean? If you are a regular viewer of "Week in Review" the Boston and Metro West under agreement numbers remain relatively consistent week to week...Boston jumps up/down by 10% - 25% week to week. One or two towns in Metro West will jump up/down by 3 - 10 properties week to week. This is all good news for the above towns and cities.
Visit our Facebook Page for daily updates and information on all things in and around the Boston area!
Total Number of Accepted Offers For All Property Categories Source: MLSPIN
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So, you have been looking and looking and you are lucky enough to find a home you want to buy. Yeah! You contact your real estate agent and tell them you want to make an offer. You fill out the paper work with all the variables involved in the offer – price, timelines, contingencies etc. The agent presents your offer to the seller so you are all set right? Wrong.
It is typical at this point that you and the seller of the home will negotiate the offer. Even if the price is agreeable, the seller may want to change a date or a contingency clause. Keep in mind that, the home buying process is a legal process. During the time that you are going back and forth with the seller in these 'contract' negotiations, the seller is free to accept any other offer that they receive, and, they can do so without warning you! It behooves you as the buyer to negotiate quickly (and flexibly) with the seller to protect your offer from infiltrators.
Until all the details are agreed upon and your offer is fully signed by both buyer and seller – including the initialing of any changes – and, accompanied with a check, and delivered to the seller, it is not a fully executed offer. Do not rely on a verbal acceptance. if a better offer comes in before they sign, the seller may not be bound to it.
It is your offer to purchase a home. So whether you are buying a condo in Cambridge, a single family in Arlington, or a multi family in Medford, be precise, be quick, and follow the rules so that you can be the one to actually buy the home. Find an example of the offer form and other real estate forms on the Avenue 3 site.
Learn more about the offer process by downloading our Better Buyer Kit.
Download Free Home Buying Kit
Find tips on buying a home by downloading our very informative Better Buyer Kit.
Monday nights - Bertucci's Alewife Station 5:30 - 7:00 pm
Too hot, too cold, too humid? We're looking at how different types of property handles these intense conditions!
Agents, sellers, and/or buyers may feel that extreme weather (heat, snow, torrential rain) isn't the optimal time to the search for property, but it is! This is the best time to see how insulation and
HVAC perform in extreme weather conditions, such as the heat we are experiencing in Boston this week. We would say this weekend is a fantastic time to check out that penthouse, renovated or 3rd floor condos.
This week, at our weekly Monday night open forum, we will be discussing the purpose of checking a home AC or cooling system and determining whether the current electrical system handle 2+ window units among other related topics. Feel free to bring us any other real estate questions as well and we will do our best to answer them!
Food, Beverage and MA real estate .... a great combo!
Can't make it but have some questions for us? Just email or call us:
Believe it or not....even with the triple digit temperatures there are 13 new listings in Waltham MA this weekend!
Chances are when a property is listed for sale in the summertime the first weekend on the market will be "hot", beautiful, warm and sunny... but serious buyers, while they may take a vacation break, continue to view properties in rain, shine, snow, heat (exception is: heavy, heavy snow falls)!!
If you're one of those serious Buyers and looking around in Waltham this weekend here's a few of the new properties you'll see:
68 Dale Street, $359,900, 9 room single-family Colonial
10 Lunda Street, Unit 4, $274,000, 4 room, 2 bedroom Condo
93 Lafayettte Street, $479,000, 2 Family home
And we're put together a Waltham buyers checklist for you:
- View all active Waltham, MA listings: Avenue 3 Property Search Waltham, MA
- Download the Avenue 3 Better Buyer Kit
- Register on Avenue 3 to view all SOLD Waltham listings (or any other town/city) an important step in keeping on top of the market.
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Contact us to schedule a 30 minute meeting with one of our Waltham agents...no obligation, no contracts, no small talk just a quick overview of the current market.
Enjoy yet another beautiful July weekend,
Avenue 3 Real Estate
Can Living in Lexington MA Keep You Fit?
Is the value of your Lexington home influenced by the amenities that the community offers? Is the number and the variety of recreational facilities a reflection of the community's commitment to provide a healthful environment? If yes, then the Town of Lexington is doing a great job.
5 Thing you can do in Lexington to keep your heart pumping....
Go for a swim. The Lexington Recreation Department operates two outdoor swimming facilities; the Irving H. Mabee Town Pool Center Complex and the Old Reservoir. The 4-pool complex, which is opened from the end of May through early September, offers a variety of programs for children and adults. The Old "Res" is a fresh water pond with a sandy beach and is a favorite destination for children and folks looking for a more natural habitat.- Swing your a racket and chase a tennis ball on one of Lexington ‘s tennis courts.There are 17 public tennis courts in 4 different locations. 4 of them are lighted for night time play.
- Run the obstacle course on the Teresa & Robert Lee
fitness/nature path. You will face 15 challenging obstacle plus resting stations over marked, wooded terrain. Alternatively, the Center Track offers an impact- friendly surface for a more measured running/walking experience.
- Pedal the 5.5. miles of the Minuteman Bikeway stretching the length of Lexington from Arlington to Bedford or explore many of the local bike trails that pass through Lexington neighborhoods.
- Shoot hoops on one of 8 basketball courts that populate the town. You don't have to look to far to find a neighborhood court. You can find one in East Lexington on Sutherland Rd and one as far west as the Estabrook School yard.
Lexington's athletic amenities are not limited to these five-featured resources. Dozens of facilities host dozens more youth and adult activities. So when you look for a Lexington home, remember you are also buying into a health- conscious community that cares about the well being of its residents.
For a complete list of all the current Lexington properties on the market, click here: Avenue 3 Lexington MA Property Search
Download Free Home Buying Kit
Find tips on buying a home by downloading our very informative Better Buyer Kit.
The Pending Sales Report: Most of our "WIR" tracked communities had improved pending numbers last week and of them we're spotlighting the city of Waltham, MA , which experienced a healthy increase in pending activity (+11) vs the previous week!
We're also looking at this comparison of the Waltham market numbers in the same 6 month period in 2010 and 2011:
Jan - July 18, 2010 - total Waltham sale units: 288
Average sale prices: SF: $414,363, CC: $322,973, MF: $437,550
Jan - July 18, 2011 - total Waltham sale units: 239
Average sale prices: SF: $386,355, CC: $313,772, MF: 462,658
( Slight number of sales down from 2010 to 2011, but the average sales prices are not significally different, good news for Waltham home owners and perspective buyers.)
neighborhood breakdowns and a more detailed analysis comparing YTD 2010 vs 2011 or if you're looking for specific sales numbers and market activity in another Boston/ Metro West community.
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And here are the pending sale numbers for all the towns we track weekly:
total number of offers accepted for all property categories 07.10.11 - 07.17.11
For community resources, trending topics or to search for homes click on the town name ...
First # under agreement for this week, second # "WIR" last week....
What do the above numbers mean? If you are a regular viewer of "Week in Review" the Boston and Metro West under agreement numbers remain relatively consistent week to week...Boston jumps up/down by 10% - 25% week to week. One or two towns in Metro West will jump up/down by 3 - 10 properties week to week. This is all good news for the above towns and cities.
Visit our Facebook Page for daily updates and information on all things in and around the Boston area.
Total Number of Accepted Offers For All Property Categories Source: MLSPIN
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We're spotlighting Somerville MA this weekend. With increased pending sales activity showing in our "WIR" and 15 "NEW" properties on the market, Somerville may be a good place to start your home search if you love "city life"!
New this weekend:
10 Flint Avenue, $199,900, 7 room Colonial (SHORT SALE) Read our recent blog, "Are you a good candidate for a short sale purchase?" for info on the short sale process.
83 Curtis Street, Unit 2, $475,000, 7 room, 3 bedroom Condo
969 Broadway, $699,900, 2 Family with parking
Search for all active Somerville properties here, Avenue 3 Property Search Somerville, MA.
Have questions? contact us when you are ready to view property or to schedule an informative 30 minute meeting with one of our agents. They know the area, they know the inventory and they know real estate!
Download Free Home Buying Kit
Find tips on buying a home by downloading our very informative Better Buyer Kit.
It was a quiet 4th of July week for most communities however, Somerville MA had increased pending activity (+1) vs the previous week...
Buyer question last week: What is the average asking price for Somerville property currently on the market? And is it an affordable market compared to Cambridge? And the answers to these questions:
- There are only 29 single family homes in Somerville on the market, 163 condos and 65 multi families....
- 10 single family homes went under agreement in the last 5 weeks and...
- Average list price for a Somerville single family is $503,745 /Cambridge $1,343,390
- Average list price for a Somerville condo is $415,313/ Cambridge $485,250
- Average list price for a Somerville multi family is $617,904/ Cambridge $988,695
you'll find detailed listing info as well as number of days on the market. Sign-up on on our web site to view all the sold properties in Somerville and you'll really be in the know!
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And here are the pending sale numbers for all the towns we track weekly:
total number of offers accepted for all property categories 07.03.11 - 07.10.11
For community resources, trending topics or to search for homes click on the town name ...
First # under agreement for this week, second # "WIR" last week....
What do the above numbers mean? If you are a regular viewer of "Week in Review" the Boston and Metro West under agreement numbers remain relatively consistent week to week...Boston jumps up/down by 10% - 25% week to week. One or two towns in Metro West will jump up/down by 3 - 10 properties week to week. This is all good news for the above towns and cities.
"Like" our Facebook Page for daily updates and information on all things in and around the Boston area.
Total Number of Accepted Offers For All Property Categories Source: MLSPIN
I was counseling a buyer client recently who was relocating for a job and he had ninety days to be moved into a new place. He was keenly interested in the prospect of getting a bargain if he purchased a single family home which may be a "short sale". I didn't want to be a pessimist, but I told him we needed to have a discussion about the " Facts of Life" of a short sale.
First off, a " short sale" isn't necessarily a quick sale. 90 days might seem like a long time, but in the life cycle of a short sale, it is not. A short sale is a pre-forclosure transaction and it involves many layers of decisions and actions by people who are not usually communicating with each other in a timely oe efficient fashion.
A short sale occurs when the mortgage debt on a property exceeds the value of the property and the lender or lenders agree to accept less than the full amount of the debt. Even if a homeowner is willing to accept a certain price which is less than the amount of the debt, any offer is subject the lender's final approval. If the is more than one lein holder, the process is even more complicated.
The most important prerequisites for a buyer for a successful short sale is patience and flexibility. The lender is in control and the buyer is not.
For details and tips for purchasing a short sale:
Is there a good time to purchase a condo? This was a question from last week's Monday night real estate forum. Our answer? Desirable properties will always have buyer interest at any time of the year. Yes, the summer represents somewhat less demand for the condo buyer, however, buyers do come off the beach when their buyer agent calls or they stumble upon a condo that appeals to them. Yes, buyers do take a break but the "buying" cycle is always in mind.....
This week, at Bertucci's Alewife "T" and adjacent to Discovery Park in Cambridge, we will discuss the possibility of converting a 2-family into condos. A well-directed plan can produce a net result: A great condo and some profit!
Adequate parking and central air are among the "quick pick" topics this Monday.
Whether you're a 1st time or seasoned buyer we know you'll feel like you're on the right track with this roundtable real estate forum and discussion! Always Mondays 5:30 to 7 pm, always food and participants can come anytime during the night...just like an open house!!! We look forward to seeing you.
Can't make it this week but have some questions? Contact us and we'd be happy to assist you in all matters Real Estate!
Rob Russell, Realtor
John Reilly, Realtor
Attention Condo Buyers! Every Monday at Bertucci's located by the Alewife "T" and adjacent to Discovery Park in Cambridge, John Reilly and Rob Russell hold a informative forum for buyers. So, if you're thinking about condo or home ownership in the Arlington/Cambridge/Somerville locale we're there to talk with you about the process and the outcome!
This Monday, July 11th we are going to discuss 3 things you might want to think about when choosing a condo that will help you make a good long term decision.
- More square footage/amenities vs. Longer commute
- Higher rated school system vs. Vibrant retail
- Smaller condo association vs. Larger condo association
If you're a 1st time buyer we know you'll feel like you're on the right track with this roundtable real estate forum and discussion! Always 5:30 to 7 pm, always food and participants can come anytime during the night.....just like an open house!!! We look forward to seeing you.
Can't make it this week but have some questions? Contact us and we'd be happy to assist you in all matters Real Estate!
Rob Russell, Realtor
John Reilly, Realtor
Download Free Home Buying Kit
Find tips on buying a home by downloading our very informative Better Buyer Kit.
Sailing on the Mystic Lakes from the Medford Club located on its Shore.
Can you enjoy the summer weather and house hunt this weekend? Yes!!!! Most serious buyers continue to look at property in the summer and still find time to enjoy the good weather weekends. If you are searching in Medford MA you are in luck ... swim at the Mystic Lakes beach (Sandy Beach), walk or hike The Fells Reservation, take a dance lession at Springstep in Medford Square or just walk some of the neighborhoods in Medford and view property .... you can always get ideas for exterior colors, fences, lighting, from walking by properties, etc. etc..
A few new properties in Medford for this weekend.....
Search for all active Medford listings here, Avenue 3 Property Search Medford, MA.
We are here to assist in your search when you are ready. Contact us with any property or buying questions.
Download Free Home Buying Kit
Find tips on buying a home by downloading our very informative Better Buyer Kit.
Do you love the urban convenience of local shops, theaters, and restaurants, and short commutes, but also pine for a quiet country setting in which to enjoy them? It might seem impossible, but it’s not! The Town of Arlington was recently dubbed the “Top Spot to Live” by the Boston Globe for its perfect blending of city and country life, beating the other 350 Massachusetts towns and cities. And 48 Brantwood Road in Arlington MA is just one property on the market that perfectly exemplifies that award!
Here are three things I love about this home:
1. The outdoor living space includes an entertainment sized patio from which your guests can watch Boston fireworks on July 4th – or enjoy the sun setting over the Boston skyline and Arlington’s Spy Pond every day of the year! The kids will be busy romping in the double-sized back yard, picking peaches, apples and mulberries from mature fruit trees, or joining neighbors for soccer and skateboarding on Brantwood Road, a beautiful street with minimal traffic.
2. I also love the potential 48 Brantwood Road offers! With hardwood floors, two fireplaces, a cozy family room, spacious living room, and a great teen suite in the garden level, this home has the bones for a 21st century renovation. The kitchen and dining room already connect to the flagstone patio through new sliders; it would be fairly simple to create an open granite/stainless kitchen and dining area that could flow right outside on breezy summer evenings! (Note: this renovated kitchen is in a house of the same type, era, and size, and in the same neighborhood).
3. And the convenience factor can’t be beat. You can commute quickly into Boston - or Cambridge – by bike, train, bus or car! The renowned Minuteman Bikeway runs the length of Arlington, connecting Bedford to Davis Square, via Alewife Train Station. From 48 Brantwood it’s a quick hop to the bikepath via the Spy Pond Footpaths and back roads or via Pleasant Street. If you’re not in the mood to bike or walk, just hop on the 67 bus for a 10 minute ride to Alewife; pickup is just 2 minutes from the 48 Brantwood. Routes 2, 128 and 93 are also a snap to reach.
What about you? What are the things that are most important to you when making a decision on the purchase your future home? Contact me should you have any questions regarding this property or any of the many properties currently on the market in Boston Metro West area.
JUNE 29, 2011
Thinking about settling in Lincoln? Here's some info you might find helpful in making that decision!
3 Things you need to
know about the Lincoln, MA real estate market
( Katabla Tree on the lawn of the Lincoln MA town hall. Click on the photo for Town info.)
- 4 properties went under agreement last week (Lincoln usually has 0 or 1 properties under agreement from week to week)
- 72 sold properties in Lincoln from 1/1/10 - 6/29/11....average sale numbers: SF: $1,207,713 CC: $407,945 and Land $636,500
- 65 Active properties in Lincoln ... Interested in looking in Lincoln? .....
Start here by looking at all the current listings on the market in Lincoln: Avenue 3 Property Search Lincoln, MA and soon you may find your new home represented in pending sales report below....
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here are the pending sale numbers for all the towns we track weekly:
total number of offers accepted for all property categories 06.19.11 - 06.26.11
For community resources, trending topics or to search for homes click on the town name ...
First # under agreement for this week, second # "WIR" last week....
What do the above numbers mean? If you are a regular viewer of "Week in Review" the Boston and Metro West under agreement numbers remain relatively consistent week to week...Boston jumps up/down by 10% - 25% week to week. One or two towns in Metro West will jump up/down by 3 - 10 properties week to week. This is all good news for the above towns and cities.
Visit our Facebook Page for daily updates and information on all things in and around the Boston area.
Total Number of Accepted Offers For All Property Categories Source: MLSPIN
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