Boston Realtor Mike Mahoney
Michael Mahoney
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May 2019 Housing Minute

June 12th, 2019 by Michael Mahoney

May 2019 Housing Minute

Pending and existing home sales declined slightly in April, while inventory continues to increase. Please watch this video which will help identify some of the national real estate market trends.

 

St. Catherines of Sienna

June 7th, 2019 by Michael Mahoney

Make Offer –
Blahh

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Pending Home Sales Down Slightly in the Northeast

June 5th, 2019 by Michael Mahoney

Pending Home Sales Down Slightly in the Northeast

WASHINGTON (May 30, 2019) – Pending home sales declined in April, a modest change from the growth seen a month before, according to the National Association of Realtors®. Only one of the four major regions – the Midwest – experienced growth, while the remaining three regions reported a drop in their respective contract activity.

The Pending Home Sales Index,* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, fell 1.5% to 104.3 in April, down from 105.9 in March. Year-over-year contract signings declined 2.0%, making this the 16th straight month of annual decreases.

See the full report here

Looking for a Boston Foreclosure - KW can helpWe know it’s confusing to look at all the values and decipher the market. Michael Mahoney is a veteran agent with almost two full decades of experience behind him. He will watch the market and provide you with a complete suite of personalized homebuying or selling tools so that you can confidently make your move.  Take a look at one such example in his Ultimate Home Buyers Checklist.

Ultimate Buyer’s Checklist: Don’t Get Burned When Buying Your Next Home

June 4th, 2019 by Michael Mahoney

Ultimate Home Buyer Checklist

Home Buying Checklist by Realtor Mike Mahoney

When you are out exploring your next home with your agent, this is a handy list to use you become seriously interested in a house.

My Ultimate Home Buyer Checklist will help you make a better and more informed decision. By using the checklist you will be able to step away from the emotional pull you feel when evaluating your next house.

Things you record on my list may affect how you write your purchase offer, what repair requests you may make, and give you a sense of whether you’re buying the neighborhood money pit.

Click here to download the ultimate home buying checklist

April 2019 Sales Report

May 29th, 2019 by Michael Mahoney

April 2019 Sales Report from The Massachusetts Association of Realtors

Want to know what is going on in residential real estate in Greater Boston?

This is the latest closed sales report from the Massachusetts Association of Realtors

The Massachusetts Association of Realtors® (MAR) reported today that closed sales for single-family homes and condominiums increased year-over-year from April of 2018. This month saw a two and a half percent increase in median price for single-family homes and less than a one percent increase in median price for condominiums compared to last year. April also saw the lowest number of single-family homes for sale in the month of April since MAR began reporting the data in 2004. However, this is the fourth month in a row of year-over year condominium inventory increases.

 

Download ►Massachusetts Association of Realtors Closed Sales Report April 2019◄

 

Q1 Residential Real Estate Report Greater Boston

May 25th, 2019 by Michael Mahoney

Q1 Residential Real Estate Report Greater Boston

The results are out. Some towns are up. Some down.
How is your town performing? Download this important report from The Greater Boston Real Estate Board by clicking below

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

May 22nd, 2019 by Michael Mahoney

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Mortgage Rates Moved Slightly Lower Last Week

May 21st, 2019 by Michael Mahoney

Freddie Mac reported the following national averages with mortgage rates for the week ending May 16:

  • 30-year fixed-rate mortgages averaged 4.07 percent, with an average 0.5 point, dropping from last week’s 4.10 percent average. A year ago, 30-year rates averaged 4.61 percent.
  • 15-year fixed-rate mortgages averaged 3.53 percent, with an average 0.4 point, falling from last week’s 3.57 percent average. A year ago, 15-year rates averaged 4.08 percent.
  • 5-year adjustable-rate mortgages averaged 3.66 percent, with an average 0.4 point, rising from last week’s 3.63 percent average. Last year at this time, 5-year ARMs averaged 3.82 percent.

Sales Fall in April Despite Mortgage Rate Drops

May 21st, 2019 by Michael Mahoney

Key Points from National Association of Realtors

  • A sizable drop in mortgage interest rates didn’t do much to help home sales in April, as high prices and tight supply at the low end of the market continued to sideline buyers.
  • Sales of existing U.S. homes fell 0.4% in April compared with March to a seasonally adjusted annualized rate of 5.19 million units, according to the National Association of Realtors. Sales were 4.4% lower compared with April 2018.
  • That was the 14th  straight month of annual declines.

 

One of the major reasons for the sales being down slightly is that buyers are priced out at the bottom of the market.  The inventory is always really short in the first time home buyer territory.

I have been mentoring agents who cannot seem to get their buyers into houses at the lower price points where first time buyers purchase due to the fact that the competition for these homes is very high.

I keep telling the agents they need to call the people who had their houses on the market a few years ago and reference their buyer by name and see if the seller has changed their mind on selling from where they were a couple of years ago.

If you are thinking of selling you cannot overprice your home today. 

“We see that the inventory totals have steadily improved, and will provide more choices for those looking to buy a home,” Yun said, adding that sellers have to realize that price growth has moderated. “When placing their home on the market, home sellers need to be very realistic and aware of the current conditions.” Lawrence Yun – NAR Chief Economist

You can see the full report from Diana Olick  who is the MSNBC real estate correspondent

Looking for a Boston Foreclosure - KW can help

Massachusetts Real Estate: What’s Happening Today?

May 16th, 2019 by Michael Mahoney

Massachusetts Real Estate: What’s Happening Today?

The quarterly report on the entire State of Massachusetts for Q1 has been released.

The amount the sellers achieved against their asking prices was down slightly in all counties with the exception of Berkshire County. 

Buyers You are Not Going Swindle Your Way In

I know some of my buyer clients will read into the report and be rubbing their hands together with a big greedy smile like a wolf eyeing a lap dog.  Buyers – The sky is not falling. Prices are still up. It’s not the case in every town and it’s going to vary town by town.

If you are the Wolf of Wall Street type, there seems to be a few more foreclosures available lately. See some Boston area foreclosures here

Please make sure you are working with an experienced Realtor who has been in shifting and emerging markets. Hint hint…

Bad purchase decisions usually show up when exiting the property.  If you don’t make a good purchase, you will pay when you sell.

Whatever you do, please don’t rely on Zestimates.

Our latest reports breaks down 3 Greater Boston counties zip code by zip code. If you own, rent or invest in real estate you will not want to miss this report. In this report, we cover Suffolk, Norfolk and Bristol County

If you want the entire state report, reach out to me.

www.RealtorMikeMahoney.com – Click here to get the full report

April Pending Home Sales from Massachusetts Association of Realtors

May 14th, 2019 by Michael Mahoney

April Pending Home Sales from Massachusetts Association of Realtors

WALTHAM, Mass. – May 8, 2019 – The Massachusetts Association of Realtors® (MAR) reported today that the number of single-family homes put under agreement in the month of April went up almost 15 percent and the number of condominiums put under agreement went up almost 12 percent compared to this time last year. This marks 12 straight months of year-over-year increases for single-family homes. The median price for single-family homes put under agreement had a two percent increase to $395,000, while condominiums had less than a one percent decrease to $375,000 compared to April of 2018.

Download the full Press Release from The Massachusetts Association of Realtors here

 

 

 

Mortgage Rates Post Another Drop This Week

May 12th, 2019 by Michael Mahoney

Mortgage Rates Post Another Drop This Week

Click the Image to See the Current Mortgage Rates

Freddie Mac reports the following national averages with mortgage rates for the week ending May 9:

  • 30-year fixed-rate mortgages: averaged 4.10%, with an average 0.5 point, falling from last week’s 4.14% average. Last year at this time, 30-year rates averaged 4.55%.
  • 15-year fixed-rate mortgages: averaged 3.57%, with an average 0.4 point, falling from last week’s 3.60% average. A year ago, 15-year rates averaged 4.01%.
  • 5-year hybrid adjustable-rate mortgages: averaged 3.63%, with an average 0.4 point, falling from last week’s 3.68% average. A year ago, 5-year ARMs averaged 3.77%.

 

“A combination of low mortgage rates, a strong job market, and modest wage growth should spur home buyer interest and also serve as an incentive for homeowners looking to refinance this spring,” says Sam Khater, Freddie Mac’s chief economist.

If you are looking for a mortgage, please chat with one of my preferred mortgage partners

March Boston Housing Market

May 8th, 2019 by Michael Mahoney

March Boston Housing Market

Boston, MA, — Sales of single-family homes saw a boost, while condominium sales softened in March in Greater Boston amid an increased inventory and appreciating home values, according to data issued today from the Greater Boston Association of REALTORS® (GBAR).

 

Search All Homes For Sale
My eXp Realty Team in Boston is Hiring 
HomesinBostonMass – See it all here
Free List of Foreclosed Homes For Sale
Get the Equity Position of your House Now – Equitywatch
Boston Listings Search
What is Your Home Worth?
Michael Mahoney – Youtube Channel


Michael Mahoney Realtor on Zillow 

 

More @ my About Me Profile

 

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Michael Mahoney
Realtor
eXp Realty
Serving Greater Boston
617-615-9435

 

     

Realtor Michael Mahoney on Facebook

 

Check out eXp Realty for yourself. Interested? Call me I will give you a webinar overview

Agents Are Shareholders at eXp Realty
No desk fees. No royalty fees. No franchise fees. Keep 80-100% of your commissions. eXp Realty also offers every agent the unique opportunity to become a shareholder in their own company, and celebrate the company’s financial success. See more here

Michael Mahoney | Greater Boston Realtor with EXP Realty

Some of the area Michael Mahoney Covers Includes:
AshlandAttleboro Bellingham Boston Canton Dedham Dorchester Dover Foxboro Framingham
Franklin Holliston Hopedale  Hyde Park Mattapan Medfield Medway Milford Millis Milton Natick
Norfolk North Attleboro  Norwood Plainville
Quincy Randolph Roslindale Sharon Sherborn Stoughton Walpole Wellesley
West Roxbury Westwood Wrentham

 Get the value of Any Boston Area Property Now @ www.HomeValueBoston.com

7 Hartshorn Place Walpole MA

May 7th, 2019 by Michael Mahoney


Hartshorn Village Condominiums in Walpole
Overview
Maps
Photos
Features
Description
Neighborhood
Market Stats
$299,000

Condominium for Sale at Hartshorn Village

Main Features
Here is the Hartshorn Village Condominium unit your have been looking for.

If you are currently renting, you should really look at this townhouse which you could own for as little as 3.5% down which would get you to a monthly housing expense of about $2200 per month.

Two bed – 1.5 bath. Great private deck. Central air. New heating system. Partially finished lower level. Walk to Walpole Center, restaurants, the library and the commuter line. The unit comes with a full set of appliances. All you need to do is move in. Seller’s prefer a fast closing. This is a pet friendly condominium complex. Offers will be reviewed as they come in. Hurry hurry.

2 Bedrooms
1 Full Bathroom
1 Half Bathroom
29 Units
Interior: 1,113 sqft
Year Built: 1983
See all condos for sale in Hartshorn Village here

Location
7 Hartshorn Place
Walpole, MA 02081

Realtor Mike Mahoney Mike Mahoney

Realtor®

(617) 615-9435
mike@mmahoney.com
http://www.realtormikemahoney.com

      

 

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March 2019 Report on Greater Boston Residential Real Estate Activity

May 7th, 2019 by Michael Mahoney

March 2019 Report on Greater Boston Residential Real Estate Activity

Michael Mahoney, Realtor®
eXp Realty
617-615-9435
mike@mmahoney.com | www.RealtorMikeMahoney.com

Boston Real Estate Market

The median sales price of single-family homes continued to increase last month to a new record-high for the month of March at $595,000. This reflects a 3.4 percent increase in median sales price from March 2018 of $575,500. The condo market experienced a very modest 0.2 percent increase in median sales price, increasing to $550,00 last month, up from $549,000 in March 2018.

 

“We’ve yet to see these record-high prices quell any buyer enthusiasm, and sellers should take advantage of
these higher price points and growing buyer population,” added Major. “With inventory levels as they are, we
should expect a robust spring market, as we’ve also seen an influx of pending sales which we can anticipate
will close in April and May.” James Major – Greater Boston Association of Realtors

Download the Report Now

Download the Report Now

Get the report now

Detached Single-Family Homes Sold in Greater Boston

The 793 homes sold it was the sixth highest sales volume for the month and was a 6.9 percent increase from the 742 homes sold in March 2018.
The median sales price reached a record high for the month of March at $595,000, as is rose 3.4 percent from the March 2018 median sales price of $575,500.

Condominiums Sold in Greater Boston

With 691 condos sold, it was the tenth most active March on record in Greater Boston, and a 9.9 percent decrease in sales from the 767 units sold in March 2018. The median sales price of condos experienced a very modest increase, up 0.2 percent from $549,000 in March 2018 to $550,000 this year, a new record-high for the month.

Multi-Family Homes Sold in Greater Boston

This month, there were 150 multi-family units sold in Greater Boston,which reflects a 1.3 percent increase in sales volume from the 148 multifamily units sold in March 2018.

Search All Homes For Sale
My eXp Realty Team in Boston is Hiring 
HomesinBostonMass – See it all here
Free List of Foreclosed Homes For Sale
Get the Equity Position of your House Now – Equitywatch
Boston Listings Search
What is Your Home Worth?
Michael Mahoney – Youtube Channel


Michael Mahoney Realtor on Zillow 

 

More @ my About Me Profile

 

My profile on Linkedin

Michael Mahoney
Realtor
eXp Realty
Serving Greater Boston
617-615-9435

 

     

Realtor Michael Mahoney on Facebook

 

Check out eXp Realty for yourself. Interested? Call me I will give you a webinar overview

Agents Are Shareholders at eXp Realty
No desk fees. No royalty fees. No franchise fees. Keep 80-100% of your commissions. eXp Realty also offers every agent the unique opportunity to become a shareholder in their own company, and celebrate the company’s financial success. See more here

Michael Mahoney | Greater Boston Realtor with EXP Realty

Some of the area Michael Mahoney Covers Includes:
AshlandAttleboro Bellingham Boston Canton Dedham Dorchester Dover Foxboro Framingham
Franklin Holliston Hopedale  Hyde Park Mattapan Medfield Medway Milford Millis Milton Natick
Norfolk North Attleboro  Norwood Plainville
Quincy Randolph Roslindale Sharon Sherborn Stoughton Walpole Wellesley
West Roxbury Westwood Wrentham

 Get the value of Any Boston Area Property Now @ www.HomeValueBoston.com

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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