** BLUE RIBBON Townhouse with 3 levels plus and exclusive basement.  ** Steps from the Charles River bike / jog path ** Complete newer renovation baths & kitchen with stylish cabinets accented with granite counters nice appliances ** Mudroom & private deck ** Pleasant walk to Watertown Square, shops, banks, pharmacy and library ** “T” Bus terminal, Harvard Square trolley ** Feels like single family! ** Easy access to Storrow Drive and Memorial Drive – minutes to the Mass Pike!  Plenty of parking & pets allowed ** ALL YOU HAVE TO DO IS MOVE IN!

With low interest rates and prices off historic highs, buyers should move quickly – before they realize that the ball is not entirely in their court.  (53 new properties were listed yesterday in the Newton, Waltham, Watertown, Arlington and Winchester communities … inventory levels may shift slightly, but with an average 2 month supply of homes, there is a long way to go before we reach levels that typically favor a buyer.)

Please call or email me with any questions about this data or data specific to your neighborhood.

The above information is based on the averages for single family and condominium sales during the past three months.  Data was taked from the Multiple Listing Service Property Information Network (MLSPIN) for Massachusetts.

At a quick glance, it would appear that the Greater Boston real estate market is down … and it is down compared the same time last year.  However, those who I’ve had the opportunity to personally talk with know that I like to use 2006 as the benchmark for the “best year ever.”  So, compared to 2006, we are only down about 6.5% … Boston proper is UP a whopping 20% and Middlesex and Norfolk counties are collectively down about 10%.

The interesting thing is that some towns are still hitting it out of the park (I.e. Brookline, Lexington, Needham, Weston) while most are simply chugging along at a normal pace.  Also, interest rates continue to remain at record lows and inventories are extremely low (“seller market” levels) with the typical absorption rate slightly less than 2 months.

Buyers are itching for fresh inventory, so if you are planning to sell, now is the time to start your planning.  Call me today for a custom analysis of your home and neighborhood.  (It’s important to note, homes must be in showroom condition to command top dollar.  Although inventories remain low, buyers still perceive the market as a buyers market – in this case, perception creates reality.)

* All data is taken from the MA Multiple Listing Service (Property Information Network).  Data is compiled based on a rolling 3-month period review of condominiums and single family properties.

As always, these numbers are merely averages (for single and condominium sales), so call or email me if you would like information specific to your neighborhood or home.  I look forward to being of service.

All the best for you this holiday season and throughout 2012!

Real estate is extremely local in Newton, MA.  As you can see below, each village provides a very different price range.  Please feel free to call or email me if you would like to drill down deeper to determine the potential market value of your home – and how to maximize it in today’s market.  I always welcome questions and feedback.

Keep an eye out for more information on each Village.  Over the coming months, I will be more clearly defining each village and providing market trend information.  (To my knowledge, because of the way that our MLS is designed, this information is not available on any other website.)

I hope you have been enjoying the beautiful weather that we’ve been having!  With Thanksgiving just a few days away, we are quickly approaching the new year!  Please let me know if you have any questions about the below information.  As always, the data represents single family and condominium statistics for each town using a “rolling quarter.” (Period ending 11/8/2011) Although these trends are useful, please feel free to call or email me if you have specific questions about your neighborhood.  (A home analysis is much more specific and will typically only include similar properties to the subject property.)

Data provided by MA Multiple Listing Service Property Information System (MLSPIN)

As always, real estate is local and so are market conditions.  Generally speaking, the real estate market is great if you’re a buyer.  I strongly believe that countless people will be kicking themselves 3, 5 and 10 years from now when they realize the missed opportunity in the way of historically low interest rates and general housing prices.  (By the way, if you’re a buyer waiting for the market to bottom out, you missed it.  Some areas are far exceeding the prices of 2006.  For example, Brookline, MA has an average sale price that is approximately 18% higher than the “peek” prices of 2006!)

Sellers are having a more competitive time.  To win in this market, you basically need to have your home in top condition and showcase ready.  Otherwise, you will sit.  Buyers are very picky, a bad layout or property that needs too much work can be the kiss of death.  Call or email me for a comprehensive “preparing your home”  checklist.  I’m also available for no obligation pricing analysis.

The below information is taken from the Multiple Listing Service (MLS PIN) for the period ending 10/7/2011 – based on a rolling 3-month quarter.  Averages are based on the compilation of single family and condominium statistics.  I welcome you to share your thoughts, opinions and questions.

Have a great October!

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Fall is in the air and the real estate market (prices) is all over the place.  Some towns are doing extremely well while other are doing worse than ever.  Take a look and let me know if you have any questions.  As always, I am happy to prepare a custom report for your home or neighborhood.  Also, keep an eye out for the first ever Newton Village Report.  It will outline the price averages by village – until now, brokerages have only achieved this by ZIP code comparison – my analysis will drill down to the street level.

Call or email me anytime – I’d love to hear from you!

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 Offered at $350K USD

Watertown, MA - 2-bedroom Townhouse for sale at The Village

Call Mike Hughes today for a private showing and availability.