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lexington: 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)
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lexington: Lexington Real Estate Market report Sept 2, 2008 - 09/02/08 03:14 PM
Lexington's single family home sales market continues to defy the national trends and is having a strong year. With August sales numbers in, the summer has been strong, volume is slightly low, but prices have been rising. The graph below shows a line for the median price and bars for the numbers of homes sold.
In the Single Family market, there were 118 houses listed for sale September 1. This is down 4% from the same time last year. The monthly median sales price data has continued to show strength all summer, and in August was 15% higher than last year. For … (0 comments)
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lexington: Lexington's green tunnels - 08/21/08 04:06 PM
I recently had the pleasure of meeting a couple from Colorado. They made the comment of it being difficult to get used to the "green tunnels" and that they found it disorienting. I asked what they meant by ‘green tunnels' and they explained that the tree lined streets all looked the same to them and that you couldn't get a clear look at the sky. Out west I guess things are different, but here in Lexington I see our ‘tunnels' as an asset and a wonderful selling point. Streets lined with mature trees help to keep things cool in the summertime … (0 comments)
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lexington: The Bike Path. - 08/11/08 02:56 PM
So many MLS listings in Lexington, Bedford, Arlington and Cambridge promote ‘easy access to the bike path' or ‘next to the bike path,' as if everyone should know what a good thing that is! I thought it deserves an explanation of just what ‘the bike path' is, and why it is a good thing to be next to. The official name is The Minuteman Bikeway. It is a great example of a successful conversion of an old unused rail right-of-way into a dynamic recreation area. The trail runs from Bedford through Lexington, Arlington and Cambridge, stopping in Cambridge at the … (1 comments)
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lexington: Lexington Schools - 08/08/08 05:21 PM
First for reference the Lexington School web site: http://lps.lexingtonma.org/
Now my unsolicited, non-sanctioned comments. First let me say that they are as excellent as the reports say. I've had two daughters go all the way through and still have a son in High School and the quality of the education is great. My oldest just finished her Bachelors in Biology at the University of Syracuse, my second is a Junior in Biomedical Engineering at Rensselaer Polytechnic Institute. They worked hard and were able to get accepted to several schools, so give Lexington HS points there. Also each found that their work in … (0 comments)
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lexington: Market Report for Single Family Homes, Lexington, Massachusetts. August 3, 2008 - 08/03/08 03:12 PM
First a review of where we came from. For Lexington, the market volume peaked in 2004, and the prices peaked in 2005, at an annual median price of $725,000. Prices have shown approximately a 4% pullback since that time. The number of homes sold in 2004 was 357. In 2007, 345 homes sold so the volume has only dropped 3%. So far in the first half of 2008 there have been 133 sales, so the market volume is a little low, but remains healthy.
There is a strong seasonal effect on the Lexington market with Q1 (Jan, Feb, Mar) and … (0 comments)
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Mike Batty
Lexington,
MA
More about me…
Avion Realty
Office Phone: (781) 771-7216
Cell Phone: (781) 771-7216
Email Me
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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