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market report: 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)
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market report: Area markets - the sky isn't falling - 12/03/08 08:55 PM
I've been a bit delinquent about updates here. I spent a month or more upgrading my website and getting some meaningful information posted to help anyone looking to buy or sell in the greater Lexington area. Please go and take a look over at www.GreatLexingtonHomes.com.
I just finished updating the area market reports on the site. Looking at Lexington, Bedford, Arlington, Burlington, Waltham and Woburn I can safely say that the sky is not falling. It seems that a lot of people are sitting tight and the market volumes are down from historical levels. The good news in this is that … (1 comments)
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market report: Woburn Single Family Market Report Sept 2008 - 09/08/08 08:42 PM
Woburn's single family home sales market showed some early seasonal volume strength but has weakened in the past two months. With August sales numbers in, volume is low, but prices remained level 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 were 81 properties listed September 1. This represents a 22% decrease in inventory from the same time last year. Sales volume in August was again lower than last year with only 14 homes sold. Median sales prices weakened somewhat. It remains … (0 comments)
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market report: Waltham Single Family Market Report Sept 2008 - 09/08/08 08:34 PM
Waltham's single family home sales market showed some seasonal volume strength but has weakened in the past month. With August sales numbers in, volume is slightly low, and prices remained level 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 were 86 properties listed September 1. This represents a 9% decrease in inventory from the same time last year. The median sales price remained flat at $425,000. In August the time on market held at only 52 days, a positive indicator. The number of sales … (0 comments)
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market report: 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)
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market report: Bedford Single Family Market Report Sept 2, 2008 - 09/02/08 06:33 PM
Bedford's single family home sales market is having a strong summer, but may be running out of homes to sell. With August sales numbers in, the summer has been strong, volume is slightly low, but prices have been rising since the May low. 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 only 30 properties listed September 1. This represents a 32% decrease in inventory from the same time last year. August sales volume continued the summer surge with 14 home sales. Along with … (0 comments)
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market report: 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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market report: Market Report for Single Family Homes, Arlington, Ma. August 2008 - 08/16/08 03:24 PM
First a review of where we came from. For Arlington, Ma. the market volume peaked in 2006, and the prices peaked in 2005, at an annual median price of $503,000. Prices have shown approximately a 6% pullback since that time. The number of homes sold in 2006 was 314. In 2007, 290 homes sold so the volume has dropped 8%. So far in the first half of 2008 there have been 141 sales, so the market volume is low.
There is a seasonal volume effect on the Arlington market with Q1 (Jan, Feb, Mar) and Q4 (Oct, Nov, Dec) … (0 comments)
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market report: Market Report for Condominiums, Waltham, Massachusetts. August 3, 2008 - 08/08/08 02:54 PM
First a review of where we came from. For Waltham, the market volume showed a steady increase from 2000 through 2005 where 316 units sold. Much of the volume increase was driven by building and multifamily to condo conversion activities. Price increases have slowed, but prices continued to rise to an annual median price of $362,000 through 2007. In 2007, 283 units sold so the volume has fallen off 10% from the 2005 peak. So far in the first half of 2008 there have only been 120 sales, so the market volume is lower, and the pricing has also dropped.
There … (0 comments)
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market report: Market Report for Single Family Homes, Woburn, Massachusetts. August 3, 2008 - 08/03/08 06:08 PM
First a review of where we came from. For Woburn, the market volume peaked in 2003 and prices peaked in 2005, at an annual median price of $397,750. Prices have shown about an 11% pullback since that time. The number of homes sold in 2003 was 254. In 2007, 195 homes sold so the volume has fallen off 23%. So far in the first half of 2008 there have only been 107 sales, so the market volume is low.
There is a strong seasonal effect on the Woburn market with Q1 (Jan, Feb, Mar) and Q4 (Oct, Nov, Dec) being the … (0 comments)
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market report: Market Report for Single Family Homes, Waltham, Massachusetts. August 3, 2008 - 08/03/08 05:52 PM
First a review of where we came from. For Waltham, the market volume and prices peaked in 2005, at an annual median price of $435,000. Prices have shown about a 5% pullback since that time. The number of homes sold in 2005 was 337. In 2007, 269 homes sold so the volume has fallen off 20%. So far in the first half of 2008 there have only been 119 sales, so the market volume is low.
There is a seasonal effect on the Waltham market with Q1 (Jan, Feb, Mar) and Q4 (Oct, Nov, Dec) being the volume lows. This seasonality … (0 comments)
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market report: 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)
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market report: Market Report for Single Family Homes, Bedford, Massachusetts. August 3, 2008 - 08/03/08 03:40 PM
First a review of where we came from. For Bedford, the market volume peaked in 2004, and the prices peaked in 2005, at an annual median price of $530,000. Prices have shown only a 1% pullback since that time. The number of homes sold in 2004 was 134. In 2007, 140 homes sold so the volume has in fact risen. So far in the first half of 2008 there have only been 35 sales, so this year the market volume is low.
There is a seasonal effect on the Bedford market with Q1 (Jan, Feb, Mar) being the low and Q4 (Oct, … (0 comments)
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market report: 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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