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luxury homes: A Million Dollars Buys More House Now - 10/03/09 07:17 PM
A million dollars doesn't buy what it used to. In most markets it now buys much more.
Buyers who have the capacity to buy into the luxury market are getting much more for their money these days. Foreclosures are up and home prices are down. And, this has put pressure on builders and resellers of high priced homes.
The recession has caused a significant decline in the sale of homes in this price range. Sales of over $1 million homes have fallen by 50 percent from their peak of four years ago.
Until recently, the difficulty with jumbo mortgage rates further impeded … (6 comments)
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luxury homes: Hopkinton MA Luxury Homes – Special Financing - 01/26/09 04:34 PM
In the wake of a flat new construction market, Toll Brothers has announced an incentive 30 year loan with a 3.99% interest rate. The loan comes with no points paid up-front for qualified buyers.
The special loan is available in 270 Toll communities across 21 states and can be locked in right now for 9 months.
One community qualifying for the Toll loan program is the "Estates at Highland Ridge."
Now available:
3 Overlook Road, Hopkinton, Ma
New Construction - $850,000
Highland Ridge is a luxury Toll Brothers community nestled in the heart of Hopkinton … (1 comments)
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luxury homes: Life at the Mall - Natick, Massachusetts - 12/29/08 01:15 PM
Several years ago developers were putting the finishing touches on their plans to build 215 luxury condos adjacent to the Neiman Marcus and Nordstrom department stores which were already under construction in Natick. The single-level condos would be priced in range from $379,900 for an 800-square-foot unit to $1.5 million for 2,200 square feet.
It was all part of a plan to transform the Natick Mall to a shopping and living Mecca which would include 65 new stores, four restaurants, two twelve-story living towers and a world class fitness center.
The $170 million Nouvelle in Natick is now … (0 comments)
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luxury homes: The Best Time to Trade Up to Your Dream Home - 07/11/08 07:04 PM
The best time to make the move to your dream home is in a buyer's market like the one we are in right now. While the value of your current home may have fallen, the good news is that the same thing has happened to the home you want to buy.
Here is an example. Let's say that your current home which has been worth $300,000 has dropped 10% in value. That means when you sell it, it will lose $30,000. However, the home that you want to buy which was valued at $600,000 has also dropped 10% during this market correction leaving a purchase price to you … (2 comments)
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Claudette Millette - Metrowest Mass Buyer Broker
Ashland,
MA
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