Maynard MA Attracting First-Time Buyers

Whether it's the new tax credit, lower interest rates, lower prices, or just pent-up demand, it looks like first-time buyers are seeing the excellent values in Maynard and single-family homes under 300K are selling quickly. Year-to -date sales are up tri-fold from last year - 10 compared with 3; and there are currently 9 homes with sales pending and 8 homes with offers accepted waiting for contingencies to clear.

The condo/townhouse market is also starting to move. Again, there are some good values, but fewer on the market - 22 compared with 40 at this time last year; and there are 3 sales pending. Prices range from the 170s for apartment-style condos; $199,900 to $289,000 for townhouse re-sales at desirable Deer Hedge Run, Oak Ridge, and Apple Ridge, where there are only 3 available compared with 13 last March; and new construction townhomes starting at $329,000.

Those who waited may buy for a lower price, but they may have missed out on some good choices as there are only 34 single-family homes, including the eight that already have accepted offers, compared with 59 for sale at this time last year; a lot of sellers are still holding off going on the market. Less supply will eventually will eventually put upward pressure on price. If you're interested in becoming a home-owner in Maynard, be prepared to step-up or you may miss out!

To find out what homes are available in Maynard and the nearby towns west of Boston, visit www.marilynmessenger.com your on-line source for real estate listings, news and information or call Marilyn Messenger at 508-596-3501 for personal real estate services.

*Data Source - MLSPIN (Multiple Listing Service Property Information Network.)