Realtor Michael Mahoney in Boston with eXp Realty
Michael Mahoney
617-615-9435617-615-9435

Michael Mahoney – Realtor Report – January 30th 2019

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

 

 

Comments are closed.

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

Community Events

Fun with Ukulele at Lower Mills Branch of Boston Public Library

Ukulele Union of Boston

• What we'll do Watch this video of what we will be doing: https://youtu.be/m5BUJpxGrSY And check out our line-up: http://www.anneku.com/songbooks/valentines_ukulele_2019.pdf Please remind us to take an exciting group photo to use for the next...

Valentines Day potluck

Best Things to do in New England

• Celebrate valentine and eat and eat and share any thoughts or plans with others and networking • Food , I will prepare meatballs with sauce , rolls, water ,dessert, etc just bring whatever u want or just yourself. BYOB adult beverage I have...

Let Them Eat Baked Goods Book Group

Public Library of Brookline

Each month we come together to share baked goods from different cookbooks. Check out a copy of the cookbook from the library, choose a recipe to make and then bring your baked goods to the club for sharing. Copies of the cookbook will be...

Chess Night at Caffe Nero!

Brookline Chess Meetup

Same as always: Drop by for some casual yet spirited chess. Blitz, classical, with or without clock*. All ages welcome, good sportsmanship enforced, but a tad more geared toward intermediate/advanced players than beginners. (*on nights with an...