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woburn: 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)

woburn: 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)

woburn: 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)

woburn: 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)

 

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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