Boston Realtor Mike Mahoney
Michael Mahoney
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Archive for the ‘General’ Category

St. Catherines of Sienna

June 7th, 2019 by Michael Mahoney

Make Offer –
Blahh

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April Market Stats are out – What is going on in Residential?

May 22nd, 2019 by Michael Mahoney

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One Week Business Plan

May 6th, 2019 by Michael Mahoney

Download the One Week Business Plan Below

One Week Business Plan (1)

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Guess Where This Weathervane Is and Win a Starbucks Gift Card

April 23rd, 2019 by Michael Mahoney

Guess Where This Weathervane Is and Win a Starbucks Gift Card

While I was writing the newsletter for this week, I came across this weathervane. Guess where it is an you will win a $10.00 Starbucks card. Send your answer to me via the contact us form

Hints:

It’s in Norfolk County. It was photographed at a library.

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Snowy Sunday in March: Looking for a New Place to Put Your Feet Up?

March 10th, 2019 by Michael Mahoney

 

 

 

 

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National Housing Review for February 2019

March 6th, 2019 by Michael Mahoney

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7 Hallowell Rd Foxboro

February 20th, 2019 by Michael Mahoney

Area Market Survey Foxboro Under 500k CMA 7 Hallowell Drive Road Mini-Property-Report_7-Hallowell-Rd-Foxboro-MA-02035

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Fed Puts Brakes on Rate Increases

February 1st, 2019 by Michael Mahoney

 

The Federal Reserve voted to leave interest rates unchanged Wednesday and signaled that it’s not in any hurry to resume raising rates in 2019. Fed Chairman Jerome Powell used words like “patient” to describe the Fed’s latest approach to increases. His change in tone follows four rate hikes last year. The Fed’s benchmark rate is not directly tied to mortgage rates but does often influence them.

“Home buyers are very sensitive to changing interest rates and will likely respond positively if mortgage rates remain below 5 percent,” says Sam Khater, Freddie Mac’s chief economist.

Full Article Here

 

Michael Mahoney – Realtor Report – January 30th 2019

January 30th, 2019 by Michael Mahoney

2018 is Out the Window: Here’s the Recap

From me….
The market is still really low on inventory. Buyers are in the market now and ready to make purchases. If you are considering selling, it’s a great time. When Spring comes there will be more on the market for you to compete with. This may be a prime time to snatch a buyer.

The Massachusetts Association of Realtors announced the year end closed sales data for 2018

The MAR released their year end closed data on January 23, 2019 for 2018. Here is a quick summary.

Closed sales for both single-family homes and condominiums dropped year-over-year from last December. There was a small drop in median price for single-family homes and condominiums compared to this time last year and the month also saw the lowest number of single-family homes for sale in the month of December since MAR began reporting the data in 2004.

Year-end data for 2018 shows that total closed sales have had a two percent decrease for both single-family homes and condominiums. The year also saw an increase in average median prices for both single-family homes and condominiums compared to 2017. Without an increase in inventory in 2019, closed sale decreases and median price increases are trends that will likely continue.

Download the report here

“Whether it was December or all of 2018, the phrase that best describes this real estate market, was ‘lack of homes for sale’,” said 2019 MAR President Anne Meczywor, broker/associate at Roberts & Associates Realty Inc. in Lenox. “It’s not too much of a stretch to imagine we’ll be using the same phrase to describe 2019 if we can’t do something to increase production and encourage more homeowners who are on the fence about selling to put their homes on the market.” Massachusetts Association of Realtors President, Anne Meczywor

In the report, the MAR president said the following about mortgage interest rates.

“Interest rates are a wild card. If they rise, it could make homes less affordable and cut demand for the upper-end but may fuel increased demand in the more affordable range, which is already facing short supply.” said Meczywor.

You can download the full report on the single family and condo market in Greater Boston here

If you want to know what is happening in Boston Real Estate get the latest report here

Have a question about the value of your house?

Houses and Condos We Need for Buyers

As I mentioned above, the inventory is quite low. This week, we have 4 buyers that we are working with to find houses and condos for.

We need homes for the following buyers now.

Buyer #1

The next person we are looking for is a buyer who is looking purchase a condo. The buyer can spend about $200k. The condo fee should not exceed 300/month. The ideal location would be Framingham, Natick, Holliston, Ashland but we are “open” to other areas.

Buyer #2

We have a buyer who is looking in Dedham for About 400k – One level living is the most important factor.

Buyer #3

I have couple who is looking to downsize from a 4 bedroom home in Medfield. They are looking for a single level condo with it’s own private entrance or a home in the tree streets of Norwood

Buyer #4
A young first time buyer looking ideally to be in The Bridgewaters, Raynham, Norton, Middleboro, Easton or Taunton. Their purchase price is up to 325k.

If you know of anyone who may have a house or condo which fits these folks, reach out to me @
617-615-9435 or send me an email

 

Career in Real Estate

Considering a career change to real estate, eXp realty and my team is growing – Reach out if you are considering a career change. You can call me if you would like. The best # is 617-615-9435.

I am currently looking for one or two agents to join me on my team. If you are not licensed, I am happy to explore what a career in real estate may look like and how to go about licensing.

See more about eXp Realty here






logo Michael Mahoney Realtor, eXp Realty

617-615-9435
www.RealtorMikeMahoney.com
mike@mmahoney.com

 

 

Greater Boston Real Estate Report

October 5th, 2018 by Michael Mahoney

Greater Boston Real Estate Report

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Greater Boston Real Estate Report SEPT 2018

September 20th, 2018 by Michael Mahoney

Greater Boston Real Estate Report SEPT 2018

Download the Greater Boston Real Estate Report Here

Download the Report Here

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MassSave Dehumidifier Rebate

September 2nd, 2018 by Michael Mahoney

MassSave Dehumidifier Rebate

If you have purchased a dehumidifier this summer and your electric utility provider is a member of MassSave, you are entitled to a $30.00 rebate. The rebate is either submitted online or via US Mail. Download the Masssave Rebate form here.

National Real Estate Stats for June 2018

August 2nd, 2018 by Michael Mahoney

National Real Estate Stats for June 2018

June 2018 Real Estate Stats by National Association of Realtors

In a press release on Tuesday, the National Association of Realtors reported that homes on the market are in short supply and it’s having an effect on the quantity of sales and also pushing prices to new highs.

WASHINGTON (July 23, 2018) — Existing-home sales decreased for the third straight month in June, as declines in the South and West exceeded sales gains in the Northeast and Midwest, according to the National Association of Realtors®. The ongoing supply and demand imbalance helped push June’s median sales price to a new all-time high.

Lawrence Yun - Chief Economist National Association of Realtors

Here is what the National Association of Realtors Chief Economist had to say:

The root cause is without a doubt the severe housing shortage that is not
releasing its grip on the nation’s housing market. What is for sale
in most areas is going under contract very fast and in many cases, has multiple offers. This dynamic is keeping home price growth elevated, pricing out would-be buyers and ultimately slowing sales.”

“It’s important to note that despite the modest year-over-year
rise in inventory, the current level is far from what’s needed
to satisfy demand levels,” added Yun. “Furthermore,
it remains to be seen if this modest increase will stick,
given the fact that the robust economy is bringing more
interested buyers into the market, and new home
construction is failing to keep up.”

Lawrence Yun – National Association of Realtors
July 23, 2018 Press Release
Watch Lawrence Yun on CNBC

What’s Happening in the Northeast

June existing-home sales in the Northeast jumped 5.9 percent to an annual rate of 720,000, but are still 4.0 percent below a year ago. The median price in the Northeast was $305,900, which is up 3.3 percent from June 2017.

First Time Buyers Were a 3rd of the Market

First-time buyers were 31 percent of sales in June, which is unchanged from last month and down from 32 percent year ago. NAR’s 2017 Profile of Home Buyers and Sellers – released in late 2017 – revealed that the annual share of first-time buyers was 34 percent.

Show me the Money

All-cash sales were 22 percent of transactions in June, up from 21 percent in May and 18 percent a year ago. Individual investors, who account for many cash sales, purchased 13 percent of homes in June, down from 15 percent in May and unchanged from a year ago.

Is Now the Time to Sell?

If you have a home that you believe is sub-par for the market, now would be the time to unload the property. With the supply as low as it is, you will be able to sell the property despite the condition. If your horizon to sell was a couple of years out, you may consider moving that up. I am not a fortune teller, but we do have cycles in the economy, why not go out on top.

If you want to get the value of your place, check out:
www.HomeValueBoston.com

Mortgage Rates at the National Level

Mortgage rates dropped slightly last week, but overall, they were mostly flat, offering some temporary relief to borrowers.

Mixed economic data this week prompted mortgage rates to remain in mostly a holding pattern, says Sam Khater, Freddie Mac’s chief economist. “Manufacturing output and consumer spending showed improvements, but construction activity was a disappointment,” Khater says.
“This meant there was no driving force to move mortgage rates in any meaningful way, which has been the theme in the last two months. That’s news for price-sensitive home shoppers, given that this stability in borrowing costs allows them a little extra time to find the right home.”

Freddie Mac reports the following national averages with mortgage rates for the week ending July 19:

You can read more about National Mortgage Rates Here

Now may be the time to refinance or get pre-approved. I have many qualified lenders I work with.
If you need a referral, please contact me about connecting with one of my mortgage partners

 

Michael Mahoney Weekly Real Estate Update

July 18th, 2018 by Michael Mahoney

Greater Boston Real Estate Report by Realtor Michael Mahoney - click display images to see the full report

What a week it's been. The weather could not be any better. Despite it being
vacation season, homes are still moving.

The Massachusetts Association of Realtors released a report last week on single
family sales being up about 9.5% and condos being up 4.2%.

The inventory is still low and quite a great time to be a seller.

There was a great article on Curbed about Why Boston Housing Prices are so High

Here are a couple of paragraphs from the article.

Here is What is Happening in Boston Real Estate Now - click display images to see the full report

Here is What's Happening Right Now in
Greater Boston Real Estate

The Massachusetts Associaton of Realtors reported last week that the year over
year pending sales and median home prices for the month of June 2018
versus June 2017 were both up.

WALTHAM, Mass. – July 11, 2018 – The Massachusetts Association of Realtors® (
MAR) reported today that the number of single-family homes and condominiums
put under agreement in the month of June increased over last year while
median prices also saw a hike year-over-year.

At $430,000, the pending median price for a single-family home rose over
the $400,000 mark for second time in 2018. This is the highest median
pending sales price for single-family homes since MAR began
recording the data in 2004.
June Pending Sales Report by Massachusetts Association of Realtors

 


To get the full report on Boston today – Click here

If you are curious about your value, check your current value here

Houses and Condos We Need for Buyers
We Are Working With

As I mentioned above, the inventory is quite low. This week, we have four buyers
that we are working with to find houses and condos for.

We need homes for the following buyers now.

Buyer #1

The 1st buyer is a small family who can spend up to $450K. They are looking in
the following towns:Norton, Mansfield,Wrentham,Millis,Medway,Walpole,Norwood,
Canton,Sharon
(or close to these). Important items for them is at least 3 baths
and 1.5 baths.

Buyer #2

The next person we are looking for is a buyer who is looking purchase a
condo. The buyer can spend about $200k. The condo fee should
not exceed 300/month. The ideal location would be Framingham, Natick,
Holliston, Ashland but we are "open" to other areas.

Buyer #3

The next buyer is a 1st time buyer who is looking to purchase
in Watertown, Natick or Framingham
. This buyer can spend up to 475k.

Buyer #4

We have a buyer who is looking in Dedham for About 400k –
One level living is the most
important factor.

If you know of anyone who may have a house or condo which fits
these folks, reach out to me @
617-615-9435.


Here is Something Fun to Check out This Week

Here Are Some Fun Things in and Around Boston

Magic 106.7 Family Film Festival

July 7, 2018 – August 25, 2018
South Garden
With free, family-friendly movies shown under the stars, the Magic 106.7 Family Film Festival
is a great summer night out.

Entertainment, children's activities and giveaways will start at 6pm. All movies will
start every Saturday at sundown. Rain dates will be held the following Tuesday.

2018 Movie Schedule
July 7: The Lion King
July 14: SING!
July 21: Coco
July 28: Wonder
August 4: The Incredibles
August 11: Mulan
August 18: Tarzan
August 25: A Wrinkle in Time

See more about this event here

Providence, Rhode Island's Waterfire

Providence Rhode Island Waterfire

This award-winning sculpture by Barnaby Evans installed on the three rivers of
downtown Providence, has been praised by Rhode Island residents and
international visitors alike as a powerful work of art and a moving symbol of
Providence’s renaissance.
WaterFire’s over eighty sparkling bonfires, the fragrant scent of aromatic wood
smoke, the flickering firelight on the arched bridges, the silhouettes of the firetenders
passing by the flames, the torch-lit vessels traveling down the river, and the
enchanting music from around the world engage all the senses and
emotions of those who stroll the paths of Waterplace Park.

WaterFire has captured the imagination of over ten million visitors, bringing life
to downtown, and revitalizing Rhode Island’s capital city.

See more about Waterfire here

It's still restaurant week in Providence too…

Providence, Rhode Island which is just a short hop from Boston is one
of the nation’s hottest culinary destinations. Find out what the fuss
is all about during Providence Restaurant Weeks. Choose from
mouthwatering menus at nearly 100 restaurants.

This Week's Must See Home - click display images to see the full report

This Weeks Must See Home

This weeks must see home is in Manchester on the North Shore of Boston. I love exploring some
of the more exquisite homes on the market in Massachusetts. This week's must
see home is located at 33 Proctor Street in Manchester MA. The listing agent for the property is
Lanse Robb with Landvest Real Estate.
The home is currently on the market for $13,750,000mm.

Here is the description of the property:

A rare opportunity to own a waterfront family compound
consisting of 2± acres on Manchester Harbor with
one of the few deep-water docks in Manchester-by-the Sea.
With 325± feet of water frontage, the property offers
direct boating access to Manchester Bay and beyond.
Located on a peninsula on Smith’s Point, the newly built,
5-bedroom English Arts and Crafts residence with
a 3-car garage, and 2-bedroom guest house also with
3-car garage sit on one of the original Smith’s
Point’s summer estate parcels. Sited perfectly
to take in the expansive harbor views, the home’s
design features harken back to its turn of the
century predecessor featuring extraordinary interior
finishes and classic elements with stunning views
at nearly every turn.

The professionally landscaped grounds include a harbor
facing pool and spa, a variety of mature specimen
trees, flowering shrubs, perennial gardens and
manicured lawns. Includes access to private
association beach and dock.
Lanse Robb- Landvest

See all the photos of the property here

33 Proctor in Manchester
See all the details here


One of the Most Expensive Homes Sold in Greater Boston - click display images to see the full report

The Most Expensive Home Sold Last Week

Picture of the most expensive home sold last week was at 90 Chestnut Street in Beacon Hill

90 Chestnut Street Photo from MLSPIN Courtesy of Listing Agent Brokerage Campion and
Company

The most expensive property sold in Suffolk County last week was located at 90 Chestnut
Street on the flat of Beacon Hill.

Here is how the listing agent , Tracy Campion described the property in MLPIN

Exceptional architectural showpiece on the Flat of Beacon Hill.
Originally designed by Henry Davis Sleeper, America’s
“first interior decorator,” this 6,421 colonial revival townhouse
with 5 bedrooms is full of stunning details that have
been beautifully renovated, restored and maintained.

The floor plan offers wonderful flexibility for use as a
single residence or two separate units, one a first and
garden floor duplex, the other a 2nd, 3rd and
4th floor elevator triplex.

This historic treasure remains timeless in its ability
to cater to modern lifestyles, and is complete with
a spacious roof deck and Brimmer Street Garage parking.
See the property here

The list price of this property was $5.9mm. It sold for $5.130mm. It went
on the market on February 9th and went under agreement
on May 30th ultimately closing on July 11th.

See All 28 Photos of 90 Chestnut Street here

I love to look at expensive homes on the market. I love to see the rich
architectural details and amenities luxury homes offer. Here
are the 5 Most Expensive Homes in Greater Boston


Download Our Home Search App to See Every Home on The Market in Greater Boston Now

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estate search tool. Search homes based on commute times,
address, MLS number, or school boundaries

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Save your favorite homes to view later
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Michael Mahoney Realtor, eXp Realty

617-615-9435
www.RealtorMikeMahoney.com
mike@mmahoney.com

Considering a career change in real estate, eXp realty and my team is growing – Reach out if you are considering a career change.
See more about eXp Realty here

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Boston Residential Real Estate Market Home Values

June 7th, 2018 by Michael Mahoney

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Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

Review Michael Mahoney on Zillow.com

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