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waltham: 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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waltham: 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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waltham: 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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waltham: 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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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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