John LaBelle's Blog

Billerica Power Plan Project Abondoned

John LaBelle (RE/MAX Prestige) — Thu, 11 Feb 2010 08:24:00 -0800

Please share with your friends, family, and neighbors.

www.BillericaPowerPlant.org

10 February 2010

Greetings with good news for the New Year!

As you may have heard, the investors in the Billerica power plant have abandoned the project. Montgomery Energy Billerica Power Partners of Magnolia, Texas and their local agent, DG Clean Power, announced on February 3, 2010 that they no longer have an interest in the project.

This is a significant development for the communities near the proposed site in Billerica, but there are also implications for other projects in the state. Questions of financial viability are again being raised relative to the proposed Brockton power plant, the Westfield power plant, and the Russell biomass wood-burning power plant. The numbers have never borne out the need for this additional power and it appears the market is now confirming this reality.

Thank you to the many citizens who shared their concern by writing emails, attending meetings, contacting legislators, distributing flyers, and just raising general awareness of this issue in so many communities. Thank you to our legislative delegations as well. We hope you will continue to follow the power plant projects still underway, and we will keep you informed should another, similar issue surface.

If you would like to subscribe for periodic e-mail updates, please visit: info@billericapowerplant.org.

Chelmsford Single Family Home Values Show Signs of Stabilization

John LaBelle (RE/MAX Prestige) — Tue, 09 Feb 2010 17:03:05 -0800

Although the number of sales declined slightly for the second straight year, sales data for the Town of Chelmsford indicates values have stabilized over the past 12 months.

All Single Family Sales	2005	2006	2007	2008	2009
Average Sale Price	$397,804	$405,270	$376,931	$358,561	$347,701
Median Sales Price	$373,700	$375,500	$357,500	$325,000	$330,000
Number of Sales	300	222	251	243	223
Averge DOM	76	107	122	117	104

The town continues to be attractive to first time buyers, and demand for Ranch and Split Entry style homes has remained fairly stable over the last 2 years thanks to near historic low interest rates and the First Time Buyer Tax Credit. In 2008 there were 92 sales of Ranch and Split Entry style homes in town (37.8% of all single family sales), and there were 88 in 2009 (39.6% of all single family sales). Values of Ranch and Split Entry style homes have also shown signs of stabilization over the past 12 months.

Understanding the New Massacusetts Smoke Alarm Regulation

John LaBelle (RE/MAX Prestige) — Mon, 30 Nov 2009 09:29:32 -0800

Effective January 1, 2010, a new regulation relating to the installation and maintenance of smoke detectors will take effect in Massachusetts. While this information is intended to give you a basic understanding of the change, if you have any questions regarding this regulation please check with your local fire department.

There are currently two primary detection methods in use in modern smoke detectors: photoelectric and ionization. Ionization detectors typically have a constant current running between two electrodes and when smoke interrupts the current, the alarm sounds. Unfortunately, ionization detectors are prone to false alarms in areas near kitchens and bathrooms as they cannot differentiate between smoke and steam. Photoelectric detectors emit a beam of light, and smoke passing the path of the beam causes some light to scatter and directs the light at a sensor which triggers the alarm. Photoelectric detectors have been found to be less sensitive to false alarms caused by steam, but can take longer than ionization detectors to alert.

The new regulations passed by the Board of Fire Prevention Regulation does not change the locations where smoke detectors are required, however, it does require the installation of both types of detectors in certain locations. A copy of the new regulation (527 CMR 32.00) can be found on this link: http://www.mass.gov/Eeops/docs/dfs/osfm/cmr/cmr_secured/527032.pdf

Under the new regulation, a smoke detector utilizing both technologies is required in all previously required locations, except within 20 feet of a kitchen or a bathroom containing a bathtub or shower. Compliance can be achieved by installing two separate detectors using these technologies, or by installing one detector which uses both technologies. Within 20 feet of a kitchen or bathroom containing a bathtub or shower, only a photoelectric smoke detector is allowed and an ionization detector is prohibited due to their tendency to be set off by steam.

WHAT PROPERTIES ARE AFFECTED BY THE NEW REGULATION?

Determining whether a specific property is affected by the new regulation requires a case-by-case analysis and, therefore, property owners are encouraged to consult with legal counsel to determine the specific requirements for their property. That being said, the new regulations apply if: (a) the building is under 70 feet tall; AND (b) contains less than 6 residential units; AND (c) has not been substantially altered since January 1, 1975. If your building fits all three of these conditions, the new law likely applies to you. If your property does not fit all of these categories, then the new law does not apply to you since your property is already subject to the more strict state law. In other words, for buildings taller than 70 feet, larger than 6 apartments, or which have been substantially altered since January 1, 1975, your property was already subject to a higher standard in relation to fire safety equipment, and therefore these new regulations do not apply. Finally, for those properties which are affected by these new regulations, compliance is mandated by January 1, 2010.

For additional information on smoke alarm and home safety, please visit: http://www.mass.gov/?pageID=eopsterminal&L=8&L0=Home&L1=Public+Safety+Agencies&L2=Massachusetts+Department+of+Fire+Services&L3=Department+of+Fire+Services&L4=Office+of+the+State+Fire+Marshal&L5=Public+Education&L6=Fire+Safety+Topics&L7=FS+Topics&sid=Eeops&b=terminalcontent&f=dfs_osfm_pubed_firesafetytopics_smokealarm&csid=Eeops

New Listing - 84 Mascuppic Trail, Tyngsborough, MA

John LaBelle (RE/MAX Prestige) — Sun, 23 Aug 2009 15:18:37 -0700

John LaBelle | RE/MAX Prestige | 978-935-9663

84 Mascuppic Trail, Tyngsborough, MA

Raised Ranch in Move In Condition

2BR/1BA Single Family House

offered at $239,000

Year Built	1945
Sq Footage	882
Bedrooms	2
Bathrooms	1 full, 0 partial
Floors	1
Parking	1 Car garage
Lot Size	0.08 acres
HOA/Maint	$0 per month

DESCRIPTION

Excellent condo alternative for a first time buyer or someone looking to downsize. Enjoy views of Mascuppic Lake from this move in ready home. All major items have been replaced in the last 10 years: Anderson Windows; Vinyl Siding; New Roof; furnace; updated electrical. etc. Nice level corner lot with a suprisingly spacious back yard with a patio and an elevated deck. Relax in the above ground pool or take a short wal to the town beach. Short Sale. Subject to Lender Approval. Don't delay, make your appointment today!

see additional photos below

PROPERTY FEATURES

- Fireplace	- High/Vaulted ceiling	- Hardwood floor
- Living room	- Dining room	- Refrigerator
- Stove/Oven	- Microwave	- Laundry area - inside
- Balcony, Deck, or Patio	- Yard	- Swimming pool

COMMUNITY FEATURES

- Lake

ADDITIONAL PHOTOS

Photo 1	View of Mascuppic Lake
Photo 3

Contact info:

John LaBelle

RE/MAX Prestige

978-935-9663

For sale by agent/broker

Equal Opportunity Housing

Posted: Aug 23, 2009, 11:59am PDT

Info on ANY Home from ANY Phone

John LaBelle (RE/MAX Prestige) — Thu, 25 Jun 2009 19:45:06 -0700

Have you ever driven by a For Sale sign and wished you could get information on the home without talking to a sales agent? The NEW RE/MAX Prestige Curbside Connection program allows you to get the info you're looking for on ANY residential home listing before you drive away without speaking to an agent if you don't want to! Just call the number at any time 24/7.

How it works:

You'll be prompted to enter the address, and then you'll be able to listen to current information on ANY listing on the market by ANY agency. There is even an option to get an estimated monthly mortgage payment, and you can be connected to me if you'd prefer. This system also will email you the current listing sheet, and there is an option to receive the information by text.

To activate your Curbside Connection Account, send me an email today!

This service is currently active for MA, and we are working on getting it up and running for NH.

Energy Efficiency Rebates from NSTAR

John LaBelle (RE/MAX Prestige) — Mon, 26 Jan 2009 19:36:41 -0800

Has the cold weather caused your heating bills to rise?

If you are an NSTAR customer, there are rebates available to help reduce your total cost in making your home more energy efficient.

Was your home built before 1960? If so, there is a good chance your exterior walls are not insulated. If you are an NSAR customer and you are thinking about adding wall insulation, attic insulation or air sealing to your home you might be eligible for rebates up to $2,000 from NSTAR for these home upgrades.

Thinking about replacing your windows? NSTAR has a replacement window rebate program. Replacement windows can lower your annual heating costs by up to 15 percent and NSTAR gas heating customers are also eligible for a $10 rebate on every window replaced with an ENERGY STAR-labeled window with a U-factor of .35 or less.

For more information check out NSTAR's website at: http://www.nstaronline.com/residential/energy_efficiency/gas_programs/

Not an NSTAR customer? Don't worry, there are other options for you.

Did you know FHA and Fannie Mae have Energy Efficient Mortgages which allow homebuyers to incorporate the cost of eneregy efficient improvements. For more information, click on this link: http://www.greenmadesimple.com/incentives/search?cat[Insulation]=on&zip=&city=&state=&latitude=true

For more Massachusetts Rebates for Energy Efficiency, visit: http://www.goodtobegreen.com/ma_energy_rebate.aspx and http://www.masssave.com/

Is a Second Wave of Foreclosures on its Way?

John LaBelle (RE/MAX Prestige) — Sun, 14 Dec 2008 20:25:48 -0800

I just watched an interesting piece on 60 Minutes where an investment fund manager, Whitney Tillson, outlines a potential second wave of forclosures from Alt A and Option Arm mortgages.

It's well worth the twelve and a half minutes to view: http://www.cbsnews.com/video/watch/?id=4668112n

Merrimack Valley Market Trends Through November 2008

John LaBelle (RE/MAX Prestige) — Fri, 05 Dec 2008 15:35:36 -0800

It Appears Some Towns Have Reached the Bottom

The number of Active Single Family Listings throughout the Merrimack Valley has declined slightly over the past month (except for Tyngsborough and Lawrence where the number of active listings has remained unchanged when compared to this time last month). However, the Average Days on Market (DOM) has increased in numerous towns. Declining inventory levels are a good sign, and as we near a balanced supply more towns should begin to see values stabilize. The number of transactions typically slow during the holiday season, so expect the DOM to continue to rise.

Single Family Market Data (as of December 4, 2008)

Andover: 102 Active Listings ranging from $230,000 to $3,075,000 with an average list price of $719,625. Average DOM 184.9 (up from 168). There are another 22 properties Under Agreement, and these properties had an average DOM of 119. The Average and Median Sales Prices increased slightly for the second straight month.

2008 Single Family Home Sales	Average SF Sale Price	Median SF Sale Price	# of SF Sales
January	$637,179	$515,000	14
February	$646,000	$651,000	10
March	$563,023	$512,000	15
April	$674,663	$523,000	15
May	$546,246	$490,000	25
June	$585,323	$557,000	35
July	$640,217	$554,000	30
August	$627,820	$537,500	24
September	$484,253	$471,000	17
October	$501,311	$482,000	22
November	$511,191	$552,450	16

Billerica: 126 Active Listings ranging from $130,000 to $899,900 with an average list price of $380,505. Average DOM=209 (up from (187). There are another 26 properties Under Agreement, and these properties had an average DOM of 132.5. The average and median sales prices saw a slight drop for the second straight month; however, the average and median sales prices have remained relatively stable since March. This could be a sign the bottom of the Billerica Single Family Market has been reached.

2008 Single Family Home Sales	Average SF Sale Price	Median SF Sale Price	# of SF Sales
January	$364,569	$365,000	16
February	$350,089	$344,950	14
March	$294,633	$296,225	26
April	$324,673	$328,350	23
May	$322,348	$305,000	21
June	$334,854	$333,000	26
July	$301,803	$285,875	28
August	$316,526	$320,000	27
September	$331,052	$349,900	33
October	$305,639	$282,000	23
November	$287,778	$276,200	18

Chelmsford: 111 Active Listings ranging from $99,000 to $945,000 with and average list price of $418,602. Average DOM=138.9 (down from 147.6). There are another 15 properties Under Agreement, and these properties had an average DOM of 77. The average sale price dropped slightly for the fourth straight month while the median sales price increased slightly. Values in the lower half of the market have remained fairly stable while values in the upper half of the Chelmsford market remain soft. (the October numbers listed in the chart below does not include a sale of a $1,475,000 property which skews the numbers)

2008 Single Family Home Sales	Average SF Sale Price	Median SF Sale Price	2008 # of SF Sales
January	$348,490	$313,750	10
February	$391,643	$369,500	7
March	$401,847	$350,000	15
April	$328,976	$292,475	20
May	$335,840	$315,000	25
June	$352,109	$319,250	32
July	$395,234	$396,900	29
August	$370,409	$359,750	28
September	$355,736	$340,000	29
October	$338,865	$291,000	17
November	$315,375	$322,500	16

Dracut: 103 Active Listings ranging from $155,000 to $869,000 with an average list price of $346,828. Average DOM=171 (174.5 last month). There are another 41 properties Under Agreement, and these properties had an average DOM of 164. For the third straight month, the average and median sales prices have increased slightly. It appears the bottom of the Dracut single family market has been reached.

2008 Single Family Home Sales	Average SF Sale Price	Median SF Sale Price	# of SF Sales
January	$300,141	$285,000	15
February	$271,405	$285,000	11
March	$247,157	$237,600	7
April	$292,263	$266,000	12
May	$263,827	$235,000	11
June	$307,619	$294,950	26
July	$336,212	$260,375	18
August	$260,120	$270,000	15
September	$266,445	$275,000	11
October	$274,536	$291,750	14
November	$323,079	$307,000	9

Lawrence: 92 Active Listings ranging from $39,900 to $370,000 with an average list price of $183,646. Average DOM=162.2 (up from 156.9). There are another 43 properties Under Agreement, and these properties had an average DOM of 117. While Foreclosures and Short Sales continue to dominate the landscape in Lawrence, the current number of active listings (92) represents a 5.9 month supply which is a balanced supply. The average and median sales prices have remained relatively stable since April which indicates the Lawrence Single Family Market most likely has reached its bottom.

2008 Single Family Home Sales	Average SF Sale Price	Median SF Sale Price	# of SF Sales
January	$185,763	$175,800	8
February	$192,000	$195,000	7
March	$190,779	$170,750	14
April	$173,211	$163,250	16
May	$172,612	$168,700	16
June	$173,440	$165,000	15
July	$158,556	$162,000	25
August	$164,012	$165,000	17
September	$156,540	$155,000	15
October	$162,765	$165,250	22
November	$156,467	$165,000	15

Lowell: 234 Active Listings ranging from $59,900 to $1,100,000 with an average list price of $229,230. Average DOM=158.9 (156.5 last month). There are another 67 properties Under Agreement and these properties had an average DOM of 153. Similar to Lawrence, the Lowell Single Family Market has numerous Foreclosures and potential Short Sale Listings. The average and median sales prices decreased slightly, and are nearing the year to date lows we saw in July. There continues to be an over supply of homes for sale (currently an 8 month supply). Again, this market may be near its bottom but the over supply of inventory (especially during the winter months) is cause for concern and could lead to further decreases in sales prices as long as inventory levels remain above a 6 month supply.

2008 Single Family Home Sales	Average SF Sale Price	Median SF Sale Price	# of SF Sales
January	$217,918	$216,250	20
February	$193,847	$195,000	19
March	$230,769	$238,000	21
April	$228,324	$195,000	25
May	$200,339	$208,150	28
June	$180,518	$175,000	35
July	$172,236	$162,000	35
August	$178,282	$170,000	37
September	$202,660	$201,500	40
October	$224,444	$195,000	33
November	$189,075	$177,500	28

Methuen: 179 Active Listings (down significantly from 205 last month) ranging from $76,950 to $899,995 with and average list price of $337,570. Average DOM=162.9 (up from148). There are another 35 properties Under Agreement and these properties had an average DOM of 139.0. While the average sale price has remained relatively stable over the past four months, the median sales price declined slightly for the second straight month. The current inventory level, 6.75 month supply, is nearing a balance supply. As evident in the declining median sales price, the lower half of the Dracut market continues to see more activity than the upper half. The declining inventory is a good sign, and could lead to a stabilization of values if the trend continues.

2008 Single Family Home Sales	Average SF Sale Price	Median SF Sale Price	# of SF Sales
January	$319,956	$310,000	25
February	$276,717	$280,000	18
March	$309,530	$277,500	26
April	$282,340	$249,000	23
May	$278,593	$256,000	39
June	$312,316	$292,000	33
July	$293,142	$269,950	26
August	$316,749	$301,950	20
September	$311,153	$290,000	25
October	$291,105	$247,500	31
November	$297,224	$240,000	25

Tewksbury: 80 Active Listings ranging from $145,000 to $899,000 with an average list price of $389,372. Average DOM=171.8 (169.3 last month). There are another 15 properties Under Agreement and these properties had an average DOM of 90.7. While the average and median sales prices have been stable over the past four months, the number of sales per month has declined over the same time period. This, along with the current 6.9 month supply are causes for concern as values could decline if these trends continue over the next few months.

2008 Single Family Home Sales	Average SF Sale Price	Median SF Sale Price	# of SF Sales
January	$414,850	$420,250	4
February	$395,000	$305,000	7
March	$386,000	$337,500	7
April	$457,342	$414,950	12
May	$336,710	$315,000	21
June	$358,188	$374,000	8
July	$374,507	$331,500	14
August	$319,782	$296,450	20
September	$295,131	$320,000	16
October	$313,140	$311,750	10
November	$293,263	$294,500	8

Tyngsborough: 59 Active Listings ranging from $139,900 to $950,000 with an average list price of $426,659 Average DOM=207.4 (up from 192). There are another 11 properties Under Agreement and these properties had an average DOM of 88. The Tyngsborough single family market continues to lag behind its neighboring communities, and the 59 active listings represent an 8.4 month inventory which is a large over-supply. While there are a number of well maintained properties available, expect the sales prices to continue to gradually decline due to the large over supply of inventory. Buyers continue to have the upper hand in negotiations, and some owners have turned to the rental arena in lieu of selling their property. The typical monthly rent ranges from $1800 to $2500.

2008 Single Family Home Sales	Average SF Sale Price	Median SF Sale Price	# of SF Sales
January	$252,500	$253,500	3
February	$395,000	$305,000	7
March	$386,000	$337,500	7
April	$457,342	$414,950	12
May	$530,402	$585,000	17
June	$341,929	$350,000	7
July	$396,136	$376,000	7
August	$389,333	$396,000	6
September	$376,333	$328,000	3
October	$323,480	$310,000	5
November	$343,633	$351,000	3

Westford: 97 Active listings ranging from $150,000 to $964,001 with an average list price of $497,765. Average DOM=184.45 (up from 165.5). There are another 8 properties Under Agreement and these properties had an average DOM of 170. While the average and median sales prices have been relatively stable since August, there continues to be an over-supply (currently 7.9 months).

2008 Single Family Home Sales	Average SF Sale Price	Median SF Sale Price	# of SF Sales
January	$414,850	$420,250	4
February	$395,000	$305,000	7
March	$386,000	$337,500	7
April	$457,342	$414,950	12
May	$530,402	$585,000	17
June	$485,438	$500,000	17
July	$493,917	$520,000	19
August	$414,239	$369,000	23
September	$401,400	$379,500	10
October	$440,719	$443,350	13
November	$386,000	$384,500	6

With only Andover (5 month), Billerica (5.4 month), Chelmsford (5.4 month), and Lawrence (5.9 month) having single family inventory levels less than 6 months (a 5-6 month supply is considered normal and balanced), Buyers continue to have plenty of properties to choose from. The number of transactions in most cities and towns has remained stable over the past few months, and inventory levels in most areas are continuing to decline. This remains an excellent market for first time buyers, seasoned investors looking to add to their portfolios, new investors looking to build their portfolios, and those with equity in their current home who are looking to upsize or downsize.

Are We Nearing the Bottom

John LaBelle (RE/MAX Prestige) — Sat, 08 Nov 2008 18:03:37 -0800

Be fearful when others are greedy. Be greedy when others are fearful. - Warren Buffett

Opportunity abounds throughout the Merrimack Valley. Inventory levels in most communities remain above 6 months (a 5-6 month supply is considered normal and balanced) which gives Buyers plenty to choose from. The number of transactions in most cities and towns has remained stable over the past few months, and inventory levels in most areas are continuing to decline. This remains an excellent market for first time buyers, seasoned investors looking to add to their portfolios, new investors looking to build their portfolios, and those with equity in their current home who are looking to upsize or downsize.

Are we nearing the Bottom?

As inventory levels throughout Essex County and Middlesex County continue to decline and become closer to a balanced supply, some towns in the Merrimack Valley appear to be nearing the bottom.

Single Family Market Data

Andover: 124 Active listings ranging from $239,900 to $3,075,000 with an average list price of $707,914. Average Days on Market (DOM) =168. There are another 24 properties Under Agreement and these properties had an average DOM of 100.8. The average and median sales prices have remained fairly flat over the past two months, and market activity remains stable.

Billerica: 156 Active listings ranging from $144,900 to $899,900 with an average list price of $374,597. Average DOM=187. There are another 25 properties Under Agreement, and these properties had an average DOM of 89. The average and median sales prices saw a slight drop in October when compared to September's numbers. However, the average and median sales prices have remained relatively stable since March. This could be a sign the bottom of the Billerica Single Family Market has been reached.

Chelmsford: 124 Active listings ranging from $125,000 to $950,000 with and average list price of $427,906. Average DOM=147.6. There are another 15 properties Under Agreement, and these properties had an average DOM of 85.8. The average and median sales prices dropped slightly for the third straight month. Values in the lower half of the market have remained fairly stable while values in the upper half of the Chelmsford market remain soft. (the October numbers listed in the charts below do not include a sale of a $1,475,000 property which skews the numbers)

Dracut: 119 Active listings ranging from $160,000 to $869,000 with an average list price of $354,809. Average DOM=174.5. There are another 36 properties Under Agreement, and these properties had an average DOM of 99.3. For the second straight month, the average and median sales prices have increased slightly. This could be a sign the bottom of the Dracut single family market has been reached.

Lawrence: 95 Active listings ranging from $39,900 to $370,000 with an average list price of $178,775. Average DOM=156.9. There are another 40 properties Under Agreement, and these properties had an average DOM of 129. While Foreclosures and Short Sales continue to dominate the landscape in Lawrence, the current number of active listings (95) represents less than a 6 month supply which is a balanced supply. The average and median sales prices have remained relatively stable since April which indicates the Lawrence Single Family Market most likely has reached its bottom.

Lowell: 241 Active listings ranging from $65,000 to $1,100,000 with an average list price of $241,551. Average DOM=156.5. There are another 62 properties Under Agreement and these properties had an average DOM of 166. Similar to Lawrence, the Lowell Single Family Market has numerous Foreclosures and potential Short Sale Listings. While the average sales price increased for the third straight month, there continues to be an over supply of homes for sale (over a 7 month supply). The median sales price remained relatively stable in October when compared to September. Again, this market may be near its bottom but the over supply of inventory is cause for concern and could lead to further decreases in sales prices as long as inventory levels remain above a 6 month supply.

Methuen: 205 Active listings ranging from $76,950 to $899,995 with and average list price of $339,102. Average DOM=148. There are another 48 properties Under Agreement and these properties had an average DOM of 137. The average and median sales prices have remained relatively stable over the course of 2008, however, both have dropped slightly over the past two months. This is most likely due to the over supply of homes for sale in this market. Similar to Lowell, the over supply is cause for concern, and expect the downward trend to continue as long as inventory levels remain above a 6 month supply.

Tewksbury: 95 Active listings ranging from $160,000 to $899,000 with an average list price of $390,112. Average DOM=169.3. There are another 13 properties Under Agreement and these properties had an average DOM of 78. This is a prime example of how pricing a home properly will result in a quicker sale. Improper pricing will cause a home to stay on the market long and become stagnant. While the average and median sales prices have been stable over the past three months, both are down when compared to this past summer. Inventory levels remain high, and are a cause for concern.

Tyngsborough: 61 Active listings ranging from $149,900 to $950,000 with an average list price of $418,715. Average DOM=192. There are another 13 properties Under Agreement and these properties had an average DOM of 100. The Tyngsborough single family market continues to lag behind its neighboring communities. The 61 active listings represent a 12 month inventory which is a major cause for concern. While there are a number of well maintained properties available, expect the sales prices to continue to gradually decline due to the large over supply of inventory. Buyers continue to have the upper hand in negotiations, and some owners have started to turn to the rental arena. There are a number of single family properties available for rent in Tyngsborough. The typical monthly rent ranges from $1800 to $2500.

Westford: 113 Active listings ranging from $150,000 to $975,000 with an average list price of $500,138. Average DOM=165.5. There are another 10 properties Under Agreement and these properties had an average DOM of 147.5. While the average and median sales prices saw a slight increase in October, there continues to be a 7-8 month supply of homes for sales. The average and median sales prices are down when compared to the summer months. This is due in large part to the over supply of homes for sale.

Billerica Power Plant Update - October 6th

John LaBelle (RE/MAX Prestige) — Mon, 06 Oct 2008 12:18:14 -0700

Here is the latest on the proposed North Billerica Power Plant...

Please share with your friends, family, and neighbors.

www.BillericaPowerPlant.org

6 October 2008

An Energy Facilities Siting Board (EFSB) hearing concerning the proposed Billerica power plant was held on October 2^nd,in Boston. Senator Tucker and Representative Greene were in attendance, as was Representative Miceli's Chief of Staff. All made statements of concern. Intervenors presented their arguments, and additional parties were allowed to speak. Attorney Scott Harshbarger represented the developer, who was also there. The hearing was continued until mid-October, at which point the proponents will present their arguments.

We'd like to thank the local delegation for their commitment to this issue. Please consider e-mailing them with your thanks for their support. Each of their offices has confirmed that they read every e-mail they receive, and that people should always feel free to contact them regardless of the issue. Contact information is on the Web site under Community Information.

Andover Informational Session

We are hosting an informational session this Thursday at 7:00PM in Andover's Memorial Hall Library in Elm Square. While the direct impacts to Andover are not as severe as those to communities nearer to the site, there will be an impact, and there are broader implications that will be discussed. Residents from all communities are welcome to attend.

The Chelmsford Board of Selectmen sent a strongly worded letter to the EFSB this week. They expressed their concerns for their community and for other communities surrounding the proposed site. Representative Tom Golden also submitted a letter on behalf of his constituents.

In other power plant news, the proposal for the Walpole power plant popped up again. After a short hiatus, the plant developers resurfaced last week. The developers of that plant are trying to have a parcel of land in Walpole declared protected in order to grandfather their use before the town attempts to pass a bylaw prohibiting developments such as fossil fuel power plants. Click here to read the article.

Meetings/Events

Thursday, October 9, 2008 7:00PM Andover Informational Session

We will conduct a power plant informational session. Residents from Andover and other communities are encouraged to attend. The local legislative delegation will be represented. Memorial Hall Library, Elm Square, Andover, MA

Continuation mid-October TBD Energy Facilities Siting Board

The EFSB will continue the October 2 meeting and hear comments from the proponents. One South Station, Boston, MA

Wednesday, November 12, 2008* 7:00PM Billerica Conservation Commission

The Billerica Conservation Commission will continue its discussion of the Notice of Intent filed by the developer and the review of the wetlands and stormwater management issues. Billerica Town Hall, 365 Boston Road, Billerica, MA

*Note date change from October 22^nd.

Greater Lowell/Greater Lawrence Single Family Market Activity Thru September

John LaBelle (RE/MAX Prestige) — Mon, 06 Oct 2008 12:12:55 -0700

Market activity in the Cities of Lowell, Lawrence, & Methuen remains relatively stable. This is due in large part to the high numbers of Bank Owned Foreclosed properties which continue to attract investors to these cities.

The Town of Billerica continues to see steady demand, and the Median and Average Sales prices of single famiy homes in Billerica increased slightly for the second straight month.

The number of sales in Chelmsford, Dracut, and Tewksbury has remained relatively stable over the past three months, and the Median and Average Sales Prices have also remaine relatively stable.

The Towns of Andover, Tyngsbourough, and Westford saw a decrease in activitiy.

This market continues to be strong for First Time Buyers, and for those with equity looking to upsize to a larger home.

Visit my web-site for all your real estate needs www.viewmynewhome.info

Billerica Power Plant Update

John LaBelle (RE/MAX Prestige) — Thu, 14 Aug 2008 11:59:52 -0700

Here's the latest news on the Porposed Billerica Power Plant from the folks @ www.BillericaPowerPlant.org

Please share with your friends, family, and neighbors.

www.BillericaPowerPlant.org

9 August 2008

Members of the Billerica Conservation Commission participated in a site walk this week of the location for the proposed plant. The attorney for the developer would not allow questions during the walk.

Related to this, let us remind you that anyone with concerns about wetlands disruption/preservation or storm water management issues should submit them to the Billerica Conservation Commission in advance of their meeting on September 24^th. The e-mail address is jdepper-nash@town.billerica.ma.us.

Back in May, the Lowell City Council had discussed scheduling meetings of the Environmental and Traffic/Neighborhood subcommittees to discuss the impacts of the Billerica power plant on its residents. However, nothing has been put on the calendar yet. Lowell residents should contact

City Councilor Rodney Elliot

(rodneyelliott@comcast.net)

and /or

City Councilor Alan Kazanjian

(dbujonowski@lowellma.gov)

to let them know of your interest in a (well-publicized) public meeting. The disruption to the neighborhoods near the site in Lowell and Tewksbury would be undeniable and is documented as "significant". In thinking about this, remember that the developer has claimed that there will be no impact to roads in Billerica. This is true. All of the tanker traffic and construction vehicle traffic will drive on Woburn Street, passing through Lowell and Tewksbury to the site entrance, which is in Tewksbury! Sure enough, there will be no additional traffic on Billerica roads.

Developments relating to other large fossil fuel power plant proposals in Massachusetts are interesting to follow as well. An article in the Brockton Enterprise http://www.enterprisenews.com/business/x2109423998/Experts-debate-possible-health-impact-of-proposed-Brockton-power-plantstates that a health expert evaluating the impacts of a gas-fired plant proposed for Brockton believes that the plant "could cause deaths, asthma attacks and other health effects". Admittedly, a later quote from the article quotes a health professor as saying, "This is a site that is likely to have higher public health impacts relative to many other sites that may be in existence". Nevertheless, it's hard to rationalize these statements against what's been said of Billerica. What makes the Brockton site so problematic from a health perspective?

In Westfield, MA, yet another large power plant is now being considered. This one is a 400MW gas fired/diesel backup power plant. The comment period for this plant runs until this coming Tuesday, August 12. If you have friends or family in the Westfield/Springfield/Chicopee area, you should pass this information on to them. Comments should be addressed to Ms. Selma Urman, EFSB, One South Station, Boston, MA 02110. Residents and non-residents alike can make comments about the proposed siting.

Meetings/Events

Wednesday, September 24, 2008 7:00PM Billerica Conservation Commission

When it Comes to Real Estate, Think Locally not Nationally - Chelmsford Real Estate is Doing Fine

John LaBelle (RE/MAX Prestige) — Thu, 14 Aug 2008 10:36:37 -0700

When it comes to Real Estate, it is important to look at Local Trends, not National Trends. I'm sure you've heard the saying "the most important thing in real estate is Location, Location, Location." I couldn't have said it better myself.

Real Estate can be broken down into two major categories: Commercial & Residential. But these markets can be broken down even further. Residential markets can be broken down to: detached single family, attached single family, 1-4 unit, and condominiums. These markets too, can be broken down further into additional sub-markets. I could go on for quite some time, so I will stop there. But I've seen it broken down to the point of a home on one side of the street would sell for 10% more than a model match home on the opposite side of the street.

Here is an example of why you need to look locally, not nationally(or even regionally). I keep hearing on the radio, on TV, and even from other real estate professionals that things are "slow." Well, I took a look at some sales data in my home town of Chelmsford, MA and this is what I found:

Chelmsford Single Family Sales (May thru July)

	2005	2006	2007	2008
# of Sales	104	71	94	89
Avg Price	$398,652	$427,577	$381,105	$360,846
Median Price	$376,000	$410,500	$360,000	$322,500
High	$710,000	$785,000	$775,000	$1,200,000
Low	$269,900	$220,000	$210,000	$152,500


Chelmsford Condominium Sales (May thru July)
	2005	2006	2007	2008
# of Sales	69	50	58	40
Avg Price	$252,488	$264,426	$278,527	$239,110
Median Price	$260,000	$262,250	$262,500	$224,000
High	$435,000	$450,000	$479,900	$442,000
Low	$108,000	$69,000	$108,000	$99,000

	Source:MLS Property Information Network

It is generally agreed on that the peak of the Chelmsford Residential Real Estate Market occurred in 2005. While values are down since the peak, the chart above shows the number of sales in the typically busy months of May, June, and July have remained relatively stable over the past four years.

While the number of sales per year and per month have dropped since the peak in 2005, Chelmsford remains a desirable town. This is reflected in the high number of people who have and continue to buy homes in Chelmsford.

Chelmsford Single Family Sales (Jan thru Dec)

Year	# of Sales
2005	300
2006	222
2007	251
YTD 2008	149

Chelmsford Condominium Sales (Jan thru Dec)

Year	# of Sales
2005	241
2006	158
2007	153
YTD 2008	75

While the number of condominium sales in town has dropped this year (the numbers above are year to date as of August 13, 2008), with 4-1/2 months remaining in 2008 the number of single family home sales is on pace to fall within the range of the numbers seen in 2006 and 2007.

If you are thinking about buying your first home or selling your current home, things may not be as bad as the media is making it out to be. Do me a favor, check with a local real estate professional and find out what's going on in your neighborhood.

Remember to think locally,

John LaBelle - Real Estate Consultant

www.ViewMyNewHome.info

Merrimack Valley Summer Sales Activity

John LaBelle (RE/MAX Prestige) — Sun, 27 Jul 2008 20:30:25 -0700

It's a great time to Buy! There are still many excellent opportunities in the Merrimack Valley.

If you don't believe me, take a look at the recent activity.

As usual, May and June were busy months for closing attorneys, their staffs, the clerks at the Registry of Deeds, and moving companies (or friends with pickup trucks). Closings fell off slightly in July (the numbers below reflect sales through July 25th). However, July is historically a slow month as it is a popular vacation month. I am expecting activity, especially in the first time buyer market, to pick back up over the next couple of weeks. Condominium sales continue to be slow, however, there are good deals out there. There have been numerous new condominium developments created over the past 5-6 years which has saturated the condominium market in the Greater Lowell area, and has created an over supply. This has contributed to the declining condominium values. The availability of affordable, entry level, single family homes in the area has also led many buyers to stray from the condominium market to persue single family options.

Are You Looking for a Condo in Massacusetts? Make Sure your Pre-Approval is Up to Date.

John LaBelle (RE/MAX Prestige) — Thu, 08 May 2008 09:52:36 -0700

Are you looking for a condominium in Massachusetts? Do you have at least 10% for a down payment?

I recently received some valuable information from one of my mortgage partners, Stacey Alcorn of Unlimited Mortgage Corporation http://www.unlimitedhomemortgage.com., regarding condominium financing in Massachusetts. If you have less than a 10% down payment, it may be difficult to get financing. Most mortgage insurance companies are no longer insuring mortgages on condominiums where the buyer is putting less than 10% down. It may be difficult, but it is not impossible. If the complex is FHA approved, FHA financing is a viable option. If the complex is not FHA approved, it may be possible to obtain FHA approval if the unit meets certain FHA guidelines.

Mortgage programs are constantly changing so it is very important that you keep in regular contact with your lender. Before making an offer on a property, be sure to have your pre-approval letter updated, and have your lender check to make sure the loan program they have you slated for is still available.

Good luck with your search for a new home. If you have any questions, please give me a call.

Going Green isn't so Green

John LaBelle (RE/MAX Prestige) — Fri, 21 Mar 2008 09:49:10 -0700

There was a short, but very interesting segment on NBC news last night. I've been trying to do my part in reducing my footprint on this earth. I've cut down on the amount of paper I use, I got rid of my pick up truck and bought a more efficient vehicle, I even started to spend more money on light bulbs for the compact florescent bulbs. You know those funny looking things which last much longer and use less energy when compared to the traditional incandescent bulbs. Well it turns out those funny looking bulbs have their own environmental concerns. They contain mercury. According to the story on nbc's website, the amount of mercury in each bulb is small (approximately 5 milligrams), but it is enough to contaminate up to 6,000 gallons of water.

What does this all mean? Should I stop using them? Most experts say the benefits far outweigh the negatives, but we need to be careful how we dispose of them. And if you drop one and it breaks, technically you've created a hazardous waste site. So be careful how you clean it up and keep the kids and pets away.

For more information, check out the article on: http://www.msnbc.msn.com/id/23694819/

Say No to the Billerica Power Plant Proposal!

John LaBelle (RE/MAX Prestige) — Fri, 29 Feb 2008 11:19:02 -0800

Montgomery Energy Partners has plans to build two power plants in the Greater Lowell area. While there hasn't been much debate over the 80 Megawatt plant to be built in Lowell, the larger 348 Megawatt Plant proposed for 134 Billerica Avenue in North Billerica has peaked the interest of many residents in Billerica, Chelmsford, Tewksbury, and Lowell.

The proposed plant would be fueled by natural gas with a diesel back up system. The site would hold a large diesel tank and another large tank of aqueous ammonia. While an engineer representing New Hampshire based DG Clean Power, a partner in the proposed plant, stated at a recent Chelmsford Board of Selectmen's meeting that the natural gas burning plant would have no impact on the environment and surrounding communities, many local residents and town officials are concerned. Many fear possible health impacts due to air pollution, while others are concerned about water quality. The plant would be located in close proximity to the Concord River which is a concern to some in the event of a spill from either the diesel or ammonia storage tanks.

Both the Tewksbury & Chelmsford Boards of Selectmen have voted in opposition of the plant. While neither Board has power over the plant's proposal, both plan on writing letters of opposition to state officials.

The plant is a Peak Electric Plant which means it would only be run during peak hours to supplement the power grid. The plant would be staffed while it is operating, but would be unstaffed when not in operation. Plant officials stated the plant could also be controlled from the Lowell Plant.

For more information and recent articles on the proposed plant, check out these websites:

http://www.wickedlocal.com/tewksbury/archive/x413876915

http://news.tradingcharts.com/futures/3/9/105312193.html

http://montgomerypowerpartners.com/overview.cfm

http://www.billericapowerplant.org/

To sign the petition against this proposal, visit:

http://www.thepetitionsite.com/1/stop-the-billerica-power-plant

Foreclosures - 60 Minutes' House of Cards

John LaBelle (RE/MAX Prestige) — Sun, 27 Jan 2008 19:02:33 -0800

I normally don't support all the negativity the media has been filling the airwaves and papers with, but I thought the 60 Minutes program tonight did a nice piece on the current forclosure market and how it all came to be. For those of you that missed it, check it out on their website: http://www.cbsnews.com/sections/i_video/main500251.shtml?id=3756665n

At the 8 minute mark, they interview 2 couples who are now in trouble. It is very interesting to hear how the first couple had no idea or understanding about their variable rate loan. Who were they working with? I also found it odd that the second couple thought it was fine for their mortgage payment to go up while the market was still rising, but not when the market is going down. They say the only advice they have gotten is to walk away and ruin their credit. Wow, that's some great advice. (I hope my sarcasm came through on that last sentence)

I find it odd that these couples speing hundreds of thousands of dollars on a home did not understand the risk involved in taking out a variable rate loan. This program was a great example of why we, as Real Estate Professionals, need to do a better job educating our clients so they may make wise, educated decisions.

mandatory Home Energy Audits?

John LaBelle (RE/MAX Prestige) — Tue, 08 Jan 2008 09:23:02 -0800

I just got an interesting email from the Massachusetts Association of Realtors. It appears as though the State Senate is considering making it mandatory to obtain a home energy score as part of all transactions. While I am all for going "green" and conserving energy, it appears this could be a slippery slope. What's next if this passess, minimum energy ratings in order to close? I hope not. Imagine the consequences for minimum ratings. There are a good number of dwellings in this state built in the late 1800's early 1900's with little or no insulation. Imagine a Seller having to insulate a home, replace windows and doors, or install a new furnace as a condition of the closing. That would cost thousands of dollars.

Here's a link to the Mass Association of Realtor's comments on the issue:

http://takeaction.realtoractioncenter.com/campaign/energyscore/explanation

Here's a link to a "Do It Yourself" guide to conducting a Home Energy Audit provided by the US Dept. of Energy

http://www.eere.energy.gov/consumer/your_home/energy_audits/index.cfm/mytopic=11170

According to the Mass Association of Realtors, no other state requires a home energy score. I'd love to hear your comments on this issue.

mandatory Home Energy Audits?

John LaBelle (RE/MAX Prestige) — Tue, 08 Jan 2008 09:22:45 -0800

Here's a link to the Mass Association of Realtor's comments on the issue:

http://takeaction.realtoractioncenter.com/campaign/energyscore/explanation

Here's a link to a "Do It Yourself" guide to conducting a Home Energy Audit provided by the US Dept. of Energy

http://www.eere.energy.gov/consumer/your_home/energy_audits/index.cfm/mytopic=11170

According to the Mass Association of Realtors, no other state requires a home energy score. I'd love to hear your comments on this issue.

Massachusetts Foreclosures up 199%

John LaBelle (RE/MAX Prestige) — Wed, 05 Dec 2007 15:13:14 -0800

Recent data released by The Warren Group, a Boston publisher of real estate and financial information, shows residential property foreclosures have increased 199% when comparing the first 10 months of 2006 vs. the first 10 months of 2007. Many local towns have seen significant increases in foreclosures. What does all of this mean to the local homeowner? Typically when there is a dramatic foreclosure increase resulting in a large supply of Bank Owned properties listed for sale, area values tend to go down. Lets take the City of Lowell for an example. A majority of the 222 foreclosures in the City of Lowell are 2-3 unit Multi-Family properties. The 3rd Quarter (July-September) typically sees the most volume of sales activity for the entire year. In the 3rd Quarter 2006, there were 39 Multi-Family sales with a Median Sale Price of $315,000 & an average Days on Market of 87 in the City of Lowell. In the 3rd Quarter of 2007, there were 38 sales with a Median Sale Price of $232,825 & an average Days on Market of 121. While there is a similar volume of properties selling, Multi-Family properties are taking, on average, a month longer to sell & are selling for 26% less than they were a year ago. As you can see from this example, the large increase in Bank Owned inventory has had a direct affect on property values.

Don't let the large increase in foreclosures or the negative stories from the media discourage you from the current real estate market. For many people, now is an excellent time to: buy their first home; upgrade to a larger home; move to a neighborhood with a better school system; or buy that vacation home. For more information on market conditions in your area, feel free to contact me.

John LaBelle

RE/MAX Prestige

johnlabelle@remax.net

www.ViewMyNewHome.info

Wild Fires - Would You Have Been Prepared?

John LaBelle (RE/MAX Prestige) — Tue, 23 Oct 2007 09:02:10 -0700

Surely by now you have heard about the devastating wild fires in Southern California. One news report said 1/4 million people have been evacuated, and that got me thinking. Would I have been prepared for such an event? The answer for me is no.

I have often mentioned to my clients the importance of conducting a home inventory for such an emergency, but I have yet to do this myself. It can be a very time consuming task, but it is one I will get started on today. Maybe you should to.

For those of you who wouldn't know where to get started, here are some tips.

The easiest way to I've found is to create a spreadsheet for each room in the house, and my headings are: ITEM, BRAND/MANUFACTURER, MODEL/SERIAL #, AQUISITION (ie. gift, inherited, purchased), DATE AQUIRED, ESTIMATED VALUE. Remember, everything counts. Record everything , not just major items such as appliances and electronics.

I suggest doing one room at a time. Start by taking a picture of the entire room, if you have a video camera use that. Next, take pictures of the individual items. This may seem like a time consuming and tedious task, but it will save you time and aggravation if your home is ever effected by a natural disaster. As I was watching the news last night and saw those homes burning, all I could think of was "they've lost everything." Now put yourself in their shoes, could your remember everything in your home? Having these documented pictures will help your insurance company with your claim, and will increase your likelihood of obtaining full compensation. Be sure to record the serial and/or model numbers of your items. If you have receipts for these items, consider scanning them into your computer. In addition to your electronic copies, you may want to print your pictures and label them with the name, value, and model/serial number.

What to Record

Simply put, everything. Document every room in the house, and don't forget about your closets, basement, garage, and shed. Be sure to include: toys, jewelry, kitchen items (china, utensils, pots & pans, etc.), cameras, clocks, electronics (TV, IPOD, Stereo, DVD player, Speakers, etc.), instruments, artwork, floor coverings, light fixtures, CDs & DVDs, video games, computer equipment (hardware & software), vacuum cleaner, tools, lawn furniture, clothing, appliances, and furniture.

Record Keeping

Ok, you've recorded everything. Now what? I suggest making multiple copies of your records. If you compiled your records onto your computer, don't rely on your hard drive alone. Computers are known to crash from time to time and you don't want to have to do this all over again. Burn your records onto multiple cds. If you did this the old fashion way, scan your records onto your computer. If you don't have a scanner, go to your local copy center and make color copies of the records you've compiled. Whether it is a paper copy or a cd, I suggest keeping one copy in a fire proof safe in your home. Keep another copy at work, at a friend or relative's house, or in a bank safe deposit box. Once you've compiled your inventory be sure to update it from time to time throughout the year, especially around the holiday season.

You never know when mother nature will strike, so be prepared.

My thoughts and prayers go out to those in Southern California.

John LaBelle

RE/MAX Prestige

www.ViewMyNewHome.info

RE/MAX CEO on CNBC

John LaBelle (RE/MAX Prestige) — Mon, 15 Oct 2007 20:16:00 -0700

RE/MAX CEO Margaret Kelly was speaking about market conditions as a guest on CNBC today.

Here are the links to the video in case you missed it.

http://www.cnbc.com/id/15840232?video=561514051

http://www.cnbc.com/id/15840232?video=561559191

Back When I Was a Kid

John LaBelle (RE/MAX Prestige) — Wed, 22 Aug 2007 16:46:07 -0700

Labor day is fast approaching, and soon children across the country will be heading back to school. I remember complaining about having to walk a few blocks to the bus stop, and my mother would always tell me how lucky I was because she had to walk all the way to school (up hill both ways). I was watching the local news the other day, and I realized how lucky I really was.

On the news were two fathers who were talking about their new product, a bullet proof backpack. I don't know these men, and I'm not here to promote their product but here is a link to the story www.thebostonchannel.com/news/13860078/detail.html

Wow, the world truly is a different place.

My Home Town is Ranked #21 in the Nation.

John LaBelle (RE/MAX Prestige) — Sun, 22 Jul 2007 13:51:58 -0700

My home town of Chelmsford, Massachusetts was recently ranked #21 in Money Magazine's Top 100 Best Places to Live. www.money.cnn.com/magazines/moneymag/bplive/2007/index.html

Chelmsford is a suburban town located approximately 40 minutes north of Boston. This town has played a part in our nations history. The Chelmsford Militia fought in numerous Revolutionary War battles, and its many Mills along the Merrimack River helped make Chelmsford a striving industrial town during the Industrial Revolution. While many of the pastures and farms have been developed into residential housing over the past few decades, there are still a few active farms and plenty of perserved open space located in the town.

Chelmsford is a great commuter location, as it has direcet access to both Route 3 and Route 495. Commuter Rail service to downtown Boston is available from the neighboring City of Lowell, and the neighboring Town of Billerica. Billerica was recently named by the Boston Gobe as one of the Top 5 cities/towns in terms of affordability for first time buyers. Chelmsford is also located 15-20 minutes from the many malls located in tax free Southern New Hmapshire.

The residential market in Chelmsford has something for everyone. Whether you are a first time buyer looking for a 1 or 2 bedroom condominium, an executive looking for a million dollar home with lots of privacy, or anyone in-between, you can find it here in Chelmsford.