February was a great month for sales in Medway. There were 12 single family homes that sold or went under agreement in February. They ranged in price from a sale price of $152,500 for a home on West Street to a home that went under agreement at a list price of $369,900 on Howe St. It should be noted there is one other home that is still marked as active (they’re looking for back up offers) that has an offer accepted in Feb at a list price of $619,900. So the true range of homes under contract in Medway for Feb is from $152,500 - $619,900

As of March 3, there are 48 single family homes listed for sale from $109,900 on Village Street to new construction at Applegate Farm (on Ellis Street) listed at $1,100,000

48 Homes on the market is extremely low - By my calculation it’s less than 50% of what we should expect in May. If you’re selling your home - this is GREAT - Less Competition! Get your home on the market quickly and benefit from the low inventory!

Call me for a complementary market analysis of your home and I’ll answer any questions you may have about the market in Medway, or the home selling process in 2012.

For more detail on the homes that have sold and for the list of homes on the market, visit my Medway Real Estate Market Site.

Medway Mass - Housing Inventory

Although there are 47 single family homes currently on the market for sale in Medway, Ma of those 47 homes for sale, 9 of them are flagged as having an offer accepted. So the real number is that there are only 38 homes ready for new buyers in this metrowest community.

The inventory of condos in town shows 17 homes available for viewing with two of the 17 currently with an offer accepted.  For Medway, that's significant inventory but that's because of new construction that is available.  

The spring inventory of single family homes usually hovers around 100 to 110 homes. So it's understandable that buyers are feeling a bit frustrated by the lack of options out there. Because it feels like spring in New England with the unusual balmy weather we've enjoyed all winter, buyers expect to see the number of homes they'd generally see later in the spring season.

So what should sellers do? If you're a seller who has a home to list this spring, DON"T WAIT TO LIST. Call me to help you expedite the preparation and listing process so you can capture one of the many buyers looking in this community BEFORE the rush of listings that will occur a bit later this spring season!

Franklin Real Estate Statistics 2011

 

The good news is that the Franklin Real Estate market is finally stabilizing.  There were 315 home sales in 2011 in Franklin, which includes multis and condos.  The least expensive home (a condo) sold for under $70k!  The most expensive home sold in 2011 in Franklin was sold just under $900k - So there's something for everyone in Franklin for sure! 

If you would like to see the breakdown in pricepoints and see how your home price point did - take a look at the Franklin Home Sales Market 2011 rpt.  

As a summary, below is how we did overall comparing 2011 homes sales to 2010.  It's great that the numbers are quite similar for both years.  This means the market in Franklin is finallly stabilizing.  And having looked at many other towns in the area, I can say this is a trend across all Metrowest Boston real estate - So the data is here to support we have stabilized.  

If you have any questions or if you would like a FREE market analysis for your home - Feel free to contact me - It would be my pleasure! 

There are many who say a duplex condo can be difficult to sell these days.  There is some truth to that.  The reason is the demographics of buyers for this home include first time home buyers.  And first time home buyers generally cannot afford the downpayment of a conventional loan.  Many know FHA Loans are very popular in MetroWest Boston for first time buyers because this loan product onlly requires 3.5% down BUT - they also require tha the condo association (and yes this is a duplex with a condo association OF TWO - the owners of each side) - MUST be APPROVED by FHA and that requires a LOT of work and time.  

So how do you approve a first time buyer for a duplex in the MetroWest Real Estate area?  I highly recommend a Mass Housing Loan and a good agent to make it happen!  That's what these buyers did and we closed within 35 days!   

Welcome my new buyers to their new Medway Home!  If you own a duplex in the Metrowest Real Estate Market, and you're thinking of selling, give me a call and I can make it happen for you!  If you want to buy a duplex but have had problems, give me a call as well.

There are many who say a duplex condo can be difficult to sell these days.  There is some truth to that.  The reason is the demographics of buyers for this home include first time home buyers.  And first time home buyers generally cannot afford the downpayment of a conventional loan.  Many know FHA Loans are very popular in MetroWest Boston for first time buyers because this loan product onlly requires 3.5% down BUT - they also require tha the condo association (and yes this is a duplex with a condo association OF TWO - the owners of each side) - MUST be APPROVED by FHA and that requires a LOT of work and time.  

So how do you approve a first time buyer for a duplex in the MetroWest Real Estate area?  I highly recommend a Mass Housing Loan and a good agent to make it happen!  That's what these buyers did and we closed within 35 days!   

Welcome my new buyers to their new Medway Home!  If you own a duplex in the Metrowest Real Estate Market, and you're thinking of selling, give me a call and I can make it happen for you!  If you want to buy a duplex but have had problems, give me a call as well.

A Busy Real Estate Market in Massachusetts

As we start 2012 here in Massachusetts, we realtors are getting ready for a banner year.  In fact there is reason to believe we may see it in 2012.  You may have been too busy with the holiday activities to note that on 12/21 the Mass Association of Realtors reported that  in November both single family home sales as well as condo sales were up when compared to the same time last year. Read the report here.  If you've read my recent town by town blogs reporting on November sales when compared to November 2010, we see the same results in Metrowest.   That's very good news when MAR adds that this is the fifth straight month of year over year increases.  

Sellers should note that on average sale prices are still adjusting down - but buyers are out there now and we expect to see more buyers in 2012.  This may be the last chance to buy a home in such a great buyers market -  Don't wait until late spring, g out there now and secure your new home and make your dreams come true.  

Just Sold Medway Home

Just the right time to be home for th holidays - And these buyers who have moved to Medway from out of state are - truly in their new home for the holiday season!