Buying and Selling a home in the Greater Boston Area

Avenue 3s WIR looks at Waltham MA this year and last!

Posted by Avenue 3 Real Estate on Wed, Jul 20, 2011

 

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.)

 contact us for Waltham MA
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. 

You can start here by looking at all the current listings on the market in Waltham:  Avenue 3 Property Search Waltham, MA  or here for the community of your choice:
Avenue 3 Property Search
  
  
 
  
   

 
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....

 
 Arlington 20 / 9
 
Belmont   7 / 8
 
Boston 118 / 87
 
Cambridge 18/ 18
 
Concord 5 / 2
 
Lexington 15 / 9
 Lincoln   1 / 2
 
Medford 15 /4
 Somerville
 18/15
 
Waltham 13 / 2
 Watertown 3
/4
 
Winchester 7 / 4

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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Topics: homes for sale, Property Search, real estate market, pending sales, Boston Metro West, Waltham MA

Avenue 3 takes a look at what's happening in Somerville MA!

Posted by Avenue 3 Real Estate on Fri, Jul 15, 2011

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Topics: Single-family home, homes for sale, Somerville MA homes for sale, condos, property values, Multi-Family Homes

Avenue 3 asks: Are you a good candidate for a short sale purchase?

Posted by Debby Heffernan on Fri, Jul 15, 2011

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:

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Topics: single family homes, homes for sale, property values, short sales

Avenue 3's Coming Attractions this weekend spotlighting Concord MA

Posted by Avenue 3 Real Estate on Fri, Jun 17, 2011

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Topics: homes for sale, condos, Concord MA

Avenue 3 Spotlights Pending Sales in the beautiful town of Concord MA

Posted by Avenue 3 Real Estate on Thu, Jun 16, 2011

Many think the quality of life is enjoyable in the town of Concord, MA.  Here are just a few of the many reasons why there have been 13 pending sales in the last few weeks: 
South Bridge Boat House, Concord MA.  Rent kayaks or canoes and enjoy the sites along the Concord River. Also, you will have a great real estate tour from the river!

 

Millbrook Farm, Concord MA.  A family run business, friendly, knowledgeable and always helpful!
  
Thinking you like the idea of a move to the town of Concord?  You can start here by looking at all the current listings on the market in Concord:  Avenue 3 Property Search Concord MA   and soon you may find yourself shopping for your garden at Millbrook Farm!
  
   

 
here are the pending sale numbers for all the towns we track weekly:

total number of offers accepted for all property categories 06.05.11 - 06.12.11
 
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....

 
 Arlington 16 / 13
 
Belmont   9 / 7
 
Boston 142 / 107
 
Cambridge 30 / 19
 
Concord 10 / 3
 
Lexington 12 / 9
 Lincoln   0 / 0
 
Medford 12 /9
 Somerville
 26/14
 
Waltham 9 /7
 Watertown 
4/6 
 
Winchester 5 / 2

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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Topics: homes for sale, MA Real Estate, Concord MA

This weekend's 3 New "Not to Miss" Belmont MA Properties!

Posted by Judy Conley on Sat, Apr 30, 2011

Thinking about buying in Belmont MA? If you are, then we have selected these 3 new properties for you "not to miss" seeing this weekend. Based on location, price and open house availability this Sunday we think these listings are a "must see".  

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Topics: homes for sale, Belmont MA, buying a home in Belmont MA, MA Real Estate, Belmont Real Estate, Boston Metro West

Living in Arlington MA: Avenue 3's Week in Review

Posted by Avenue 3 Real Estate on Wed, Apr 20, 2011

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Topics: Arlington MA, homes for sale, buying a home

Attention Sellers – Do Not Prepare Your Home for Sale this Spring!

Posted by Avenue 3 Real Estate on Tue, Apr 5, 2011

Do not, good sellers, prepare your home for sale. Do not rake up the broken branches from the lawn or put fresh flowers at the door - a welcoming look is clearly overrated. Do not repair the cracks in the walk way, they lend a “homey” charm and sense of adventure to the climb up the steps. Leave the overfilled closets alone. Forget about touching up the chipped paint, going with the “antiqued” look is just fine.

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Topics: seller kit, curb appeal, homes for sale, selling your home, sellers

Weekend Coming Attractions for Winchester MA homes for sale

Posted by Avenue 3 Real Estate on Fri, Apr 1, 2011

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Topics: open houses, homes for sale, condos, Multi-Family Homes, Winchester MA, Winchester MA Real Estate

Buying a Home? Think Winchester MA: Secrets amidst the Real Estate

Posted by Karen Lilley on Fri, Apr 1, 2011

Winchester MA offers an amazing array of choice for any home buyer. Small condos in large buildings, multi family homes and single family homes of every description from the huge colonials of “the Flats” to more modest digs in the Main Street area. While the architecture alone would make you want to move right in, a great amount of allure is added by the additional perks provided by the parks, services, and activities unique to the town.

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Topics: homes for sale, condos, Winchester MA, recreation

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