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burlington: Gloom and Doom or a boom??? - 05/28/09 02:43 PM
Actually the answer is both.
 
If you follow the news then the gloom and doom is everywhere. See http://www.boston.com/business/articles/2009/05/27/home_prices_sales_plunge_in_bay_state/?page=full to find out how bad things may be.  The flip side is if you are trying to buy a nice house, in a nice neighborhood, in a nice town with good schools you may get a surprise and find yourself with a lot of competition!!
 
Locally in Burlington, Bedford, Woburn, Stoneham, Melrose and Reading to name a few, homes that are in top shape and somewhere between $350,000 and $450,000 are attracting a lot of attention. Homes featuring a new … (0 comments)

burlington: Massachusetts foreclosures - local impact - 09/02/08 08:27 PM
Today the Boston Globe reported  a summary of the Warren Group's report on Massachusetts foreclosure activities.  ( http://www.boston.com/business/ticker/2008/09/mass_foreclosur_13.html?s_campaign=8299 )
 They report that "Foreclosure activity has doubled so far this year" and that there have been 7,804 filings. They also report that filings experienced a sharp drop-off in May after a new law took effect requiring lenders to allow an additional 90 days for borrowers to repay loan defaults.
 What the article doesn't comment on is what will be happening now that the extra 90 day period is expiring from all of the filings that have been waiting since May. June, July, … (0 comments)

burlington: Burlington Single Family Market Analysis September 2, 2008 - 09/02/08 07:04 PM
Burlington's single family home sales market  showed some seasonal strength but has weakened in the past month or two. With August sales numbers in, volume is slightly low, and prices stumbled in August.  The graph below shows a line for the median price and bars for the numbers of homes sold.

In the Single Family market, there are only 59 properties listed for sale. This represents an 18% lower inventory than the same time last year. The median sales price dropped in August breaking the summer's upswing. The sales volume improved with 13 homes sold, but this was still down 38% from last year. The average time … (0 comments)

burlington: Market Report for Single Family Homes, Burlington, Massachusetts. August 3, 2008 - 08/03/08 04:06 PM
First a review of where we came from. For Burlington, the market volume and prices peaked in 2004, at an annual median price of $420,000. Prices have shown only a 1% pullback since that time. The number of homes sold in 2004 was 213. In 2007, 171 homes sold so the volume has fallen off 20%. So far in the first half of 2008 there have only been 62 sales, so the market volume is low.
There is a weak seasonal effect on the Burlington market with Q1 (Jan, Feb, Mar) being the low and Q4 (Oct, Nov, Dec) being somewhat … (0 comments)

 

Mike Batty

Lexington, MA

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Avion Realty

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Discussion of real estate in Massachusetts with focus on Lexington, Bedford, Waltham, Woburn, Burlington. Market reports, recent events and relevant information for buyers and sellers.


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