Real estate broker/agent

Newton, MA. Real Estate Recap


Newton, MA.  Real Estate Recap   Margaret Szerlip

Sorry I haven’t been posting lately…market is too busy!  WE STILL NEED INVENTORY!  Just put a cute house on the market in CH last week for 899K…went WAY over asking.  We had about 120 buyers come through the house and received 6 offers.  It went WAY over asking.  We met some of the nicest people who had dejection written all over their faces.  They knew they could not compete.  It’s not easy making the I am sorry but the seller has accepted another offer phone call.  If you are even remotely thinking of selling your house call us now.  We can show you the way!  617-921-6860

Towns: Newton
 04/30/2014  
Price Range Number of Listings Avg. Days on Market
Under $50,000
$50,000 – $99,999
$100,000 – $149,999
$150,000 – $199,999
$200,000 – $249,999
$250,000 – $299,999 1 25
$300,000 – $349,999 6 45
$350,000 – $399,999 5 36
$400,000 – $449,999 3 24
$450,000 – $499,999 3 16
$500,000 – $599,999 9 34
$600,000 – $699,999 6 12
$700,000 – $799,999 13 46
$800,000 – $899,999 11 25
$900,000 – $999,999 12 32
$1,000,000 – $1,499,999 40 66
$1,500,000 – $1,999,999 30 80
$2,000,000 – $2,499,999 14 83
$2,500,000 – $2,999,999 10 77
$3,000,000 – $3,999,999 10 52
$4,000,000 – $4,999,999 3 77
$5,000,000 – $9,999,999 2 32
Over $10,000,000
Total Properties 178 Avg. 59
Lowest Price:
Median Price: $839,900
Highest Price: $7,500,000
Average Price: $1,108,135
Total Market Volume: $278,141,971
Lowest Price:
Median Price: $839,900
Highest Price: $7,500,000
Average Price: $1,108,135
Total Market Volume: $278,14

 

Pending Statistics
Report Run: 4/30/2014 11:09:12 AM
Property Type(s): SF
Start Date: 04/15/2014
End Date: 04/30/2014
Towns: Newton
Went Pending
Price Range # of
Listings
Under $50,000
$50,000 – $99,999
$100,000 – $149,999
$150,000 – $199,999
$200,000 – $249,999
$250,000 – $299,999
$300,000 – $349,999
$350,000 – $399,999
$400,000 – $449,999
$450,000 – $499,999 3
$500,000 – $599,999 1
$600,000 – $699,999 6
$700,000 – $799,999 3
$800,000 – $899,999 7
$900,000 – $999,999 5
$1,000,000 – $1,499,999 6
$1,500,000 – $1,999,999 4
$2,000,000 – $2,499,999 2
$2,500,000 – $2,999,999
$3,000,000 – $3,999,999
$4,000,000 – $4,999,999
$5,000,000 – $9,999,999
Over $10,000,000
Total Properties 37
Lowest Price: $465,000 Median Price: $895,000
Highest Price: $2,399,000 Average Price: $1,040,794
Total Market Volume: $38,509,399

 

Positive Thinking: 7 Easy Ways to Improve a Bad Day


Newton, MA.  Realtor, Newton, MA. homes for sale, Top Realtor Newton, MA.

I needed to hear this today…….

Positive Thinking: 7 Easy Ways to Improve a Bad Day

Don’t let a bad morning ruin your entire day. Use these mental tricks to change your momentum.

Positive Thinking Hot Air Balloon

 

Had a lousy morning? Things looking grim?

Not to worry. The rest of your day need not be a disaster. It can in fact become one of your best, providing you take these simple steps:

1. Remember that the past does not equal the future.

There is no such thing as a “run of bad luck.” The reason people believe such nonsense is that the human brain creates patterns out of random events and remembers the events that fit the pattern.

2. Refuse to make self-fulfilling prophesies. 

If you believe the rest of your day will be as challenging as what’s already happened, then rest assured: You’ll end up doing something (or saying) something that will make sure that your prediction comes true.

3. Get a sense of proportion.

Think about the big picture: Unless something life-changing has happened (like the death of a loved one), chances are that in two weeks, you’ll have forgotten completely about whatever it was that has your shorts in a twist today.

4. Change your threshold for “good” and “bad.”

Decide that a good day is any day that you’re above ground. Similarly, decide that a bad day is when somebody steals your car and drives it into the ocean. Those types of definitions make it easy to be happy–and difficult to be sad.

5. Improve your body chemistry.

Your body and brain are in a feedback loop: A bad mood makes you tired, which makes your mood worse, and so forth. Interrupt the pattern by getting up and moving around.  Take a walk or eat something healthy.

6. Focus on what’s going well.

The primary reason you’re convinced it’s a bad day is that you’re focusing on whatever went wrong. However, for everything going badly, there are probably dozens of things going well.  Make list, and post it where it’s visible.

7. Expect something wondrous.

Just as an attitude of doom and gloom makes you see more problems, facing the future with a sense of wonder makes you alive to all sorts of wonderful things that are going on, right now, everywhere around you.

Harvard Study : 2012 Marks The Start Of “True Housing Market Recovery”


Newton Mass homes for sale.  Newton, MA. Buyers agent, Newton, MA. seller’s agent, Newton, MA. Realtor

 

Mortgage Rates are at historic All-Time Lows today!

Housing Market Showing Positive Signs

Harvard University’s Joint Center for Housing Studies says stabilizing home prices will boost single-family home construction throughout 2012.

The State of the Nation’s Housing 2012 report highlights several areas which suggest that U.S. housing markets are in recovery.

  • Sales of homes were up 5.2% in Q1 2012 as compared to Q1 2011
  • Sales of new construction homes were up 16.7% in Q1 2012 as compared to Q1 2011
  • Housing starts were up 16.6% in Q1 2012 as compared to Q1 2011.

The report also found that building permits for single-family homes were up by 16.9% between Q1 2011 and Q1 2012. Building permits can be a strong indicator of home construction levels.

Echo-Boom Generation Driving Future Sales

It’s not just raw housing data that’s improving. Buyer demographics look favorable for long-term housing trends, too.

An estimated 84.7 million young adults in the “Echo Boomer” generation, the oldest of whom turned 25 in 2010, are expected to enter the housing market within the next 20 years. The Harvard study states that, as housing markets improve, more “fence-sitting” young adults will convert from renters into first-time home buyers.

Obstacles remain for the housing market overall, including a backlog of foreclosed homes. However, the report’s conclusion that concludes that “2012 will mark the beginning of a true housing market recovery” is not at all far-fetched.

Today’s home buyers face a shrinking home supply but, with mortgage rates low and lots of low down payment options available, timing could be right to buy a home. If the Harvard study is right, by next year, home values — and mortgage rates — will be higher.

 

 

IS Newton, MA. A Magnet For International Buyers?


Monday, June 6th, 2011, 11:04 am
Is Newton, MA. a magnet for International buyers?  Yes!   We are seeing many European re-locations here in Newton, especially from the UK and Spain. New immigrants and foreign homebuyers remain confident in the value of U.S. real estate, causing sales initiated by international buyers to rise to $82 billion for the 12-month period ending in March, up from $66 billion in the year-ago period, the National Association of Realtors said Monday.

Overall, total U.S. existing home sales hit $1.07 trillion in the 12-month period ending in March.

International buyers were motivated  by an influx of investment opportunities, vacation preferences and the need to establish residency for jobs and educational attainment, NAR said. Thirty-seven percent of these buyers expect to use their American homes as a primary residence.

So where do these gung-ho buyers come from?  The real estate trade group said 70 countries had residents scoping the U.S. for properties in the past year, with the majority coming from Canada, Mexico, China, the United Kingdom and India.

Every state attracted some international buyers, but  Arizona, California, Florida and Texas got the most, with 58% of all international sales occurring in those states.

The states were selected for their proximity to the buyer’s home country, convenience of air transportation, climate and location.

Southwestern states became popular hubs for purchasers from Mexico, while European investors flocked to the East Coast and Asian investors headed out West. Florida attracted homebuyers from South America and Europe.

NAR concluded in its study that international investors still view American homes as secure long-term investments that are less expensive when compared to their home countries and flexible enough to be used for vacation and rental purposes.

BY Kerry Panchuk

5 Reasons You Should Sell Your House Today!


Great Post from KCM Crew I’d like to share….5 Reasons You Should Sell Your House TODAY!Selling your house in today’s market can be extremely difficult. It is for that reason that every seller should take advantage of each and every opportunity that appears. Each fall, such an opportunity presents itself. This fall, that opportunity may be just too good to pass up.

Below are five reasons you should consider when pricing your house to sell in the next 90 days. Meet with your real estate agent and mortgage professional today and see whether it is the right move for you and your family.

1. Entering this time of year, the buyers are more serious.

We all realize that buyers are not quick to pull the trigger on the purchase of a home today. There is no sense of urgency with the supply of eligible properties at all time highs. However, at this time of year, the ‘lookers’ are at the stores doing their holiday shopping. The home buyers left in the market are serious and are more apt to make a purchasing decision. Less showings – but to more motivated purchasers.

2. If you are moving up, you can save thousands.

The Chicago Tribune stated in an article last week that sellers who want to ‘trade up’ should act now:

It could be a bigger house, different neighborhood or a better school district, but it comes with a higher price tag. Do the math; this might be the right time.

A home that was once worth $300,000 may now be worth $240,000 in a market where prices have fallen 20 percent. Wow, you think, the seller is taking a bath. But that seller may also be a prospective buyer who wants a house that once was valued at $400,000. With an equivalent market drop and a realistic listing price, that house may now sell for $320,000. So, in effect, the person is losing $60,000 on the sale of one home but coming out ahead $20,000 on the purchase of another.

Keep in mind the spread may be even greater. There’s a smaller pool of potential buyers for more expensive homes, so sellers may be more willing to cut their price to get a deal done.

3. Interest rates just fell again – to 4.19%.

Professor Karl E. Case, the founder of the Case Shiller Pricing Index in an article in theNew York Times last month actually did the math for us:

Four years ago, the monthly payment on a $300,000 house with 20 percent down and a mortgage rate of about 6.6 percent was $1,533. Today that $300,000 house would sell for $213,000 and a 30-year fixed-rate mortgage with 20 percent down would carry a rate of about 4.2 percent and a monthly payment of $833 … housing has perhaps never been a better bargain.

4. You beat the rush of inventory that is coming next year.

Every year there is an increase of inventory which comes to market from January through April as homeowners put their houses up for sale in preparation for the spring market. As an example, here is the number of listings available for sale in each of those months in 2010.

  • January – 3,277,000
  • February – 3,531,000
  • March – 3,626,000
  • April – 4,029,000

You won’t have to worry about this increasing competition if you sell now.

5. You have less ‘discounted’ inventory with which to compete.

This year, sellers of non-distressed properties have been given an early holiday present. With banks declaring a suspension on the sale of many distressed properties (foreclosures), there has been a large supply of discounted properties removed from competition. No one knows how long this self imposed moratorium will last. However, while it does, every homeowner has a better chance of selling their property.

Bottom Line

If you are looking to sell in the near future, there may not be a more opportune time than this fall. Serious buyers, great move-up deals and less competition from foreclosures creates the perfect selling situation. Don’t miss it!