Boston Realtor Mike Mahoney
Michael Mahoney
617-615-9435617-615-9435

Posts Tagged ‘boston’

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

Greater Boston Real Estate Update by Realtor Michael Mahoney

April 28th, 2019 by Michael Mahoney

Greater Boston Real Estate Report Update by Realtor Michael Mahoney
March 2019

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

A review of Boston Real Estate by Realtor Michael Mahoney of eXp Realty

Click image to open full size report

Michael Mahoney
Realtor
eXp Realty
617-615-9435
mike@mmahoney.com

February Home Sales from Massachusetts Association Realtors

April 1st, 2019 by Michael Mahoney

February Home Sales from Massachusetts Association Realtors

WALTHAM, Mass. – March 27, 2019 – The Massachusetts Association of Realtors® (MAR) reported today that closed sales for both single-family homes and condominiums increased year-over-year from last February. This month saw a seven percent increase in median price for single-family homes and a three percent decrease in median price for condominiums compared to last year. February also saw the lowest number of single-family homes for sale in the month of February since MAR began reporting the data in 2004. However, this is the second month in a row of year-over year condominium inventory increases.

Courtesy of Massachusetts Association of Realtors

Courtesy of Massachusetts Association of Realtors

 

Full report here

Boston Real Estate Market January 21 2019

January 21st, 2019 by Michael Mahoney

This week the median list price for Boston, MA is $750,000 with the market action index hovering around 33. This is less than last month’s market action index of 37. Inventory has held steady at or around 89.

Market Action Index

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Slight Seller’s Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Michael Mahoney
Boston Realtor
eXp Realty
617-615-9435
mike@mmahoney.com

Fed Chair Says FED will be Patient with Raising Interest Rates

January 15th, 2019 by Michael Mahoney

Fed Chair Says FED will be Patient with Raising Interest Rates.

Play the video below.

 

 

Michael Mahoney
Realtor
eXp Realty
Boston
617-615-9435

Boston Home For Sale By Owner

September 14th, 2018 by Michael Mahoney

Boston Realtor Michael Mahoney on Why He enjoys Boston Homes Being Sold For Sale By Owner

I love the opportunity that the for sale by owner affords the buyer clients. I am often able to locate and broker deals that significantly allow the buyer to purchase under the market value. Many of the for sale by owners mis-price their homes or don’t market their homes properly. This allows for smart agents to find real deals in the Greater Boston area for our clients.

If you see a FSBO and you have an interest in it, please reach out. I would be happy to assist.

 

How to Own a Home in Greater Boston for Under $1000

September 13th, 2018 by Michael Mahoney

Stop being a tenant in Boston and Become an Owner

Realtor Michael Mahoney will show you for a modest investment how you can become a homeowner in Boston.

Fishermans Feast in Boston’s North End

August 15th, 2018 by Michael Mahoney

Fishermans Feast in Boston’s North End

The Fisherman’s Feast is an annual event that began in Boston in 1910 and is based on a tradition that goes back to the 16th century in Sciacca Sicily. The Feast is based on the devotion of the fishermen from Sciacca to the Madonna del Soccorso (Our Lady of Help). When the fishermen immigrated to America in the early 1900’s, they brought their traditions with them. Today’s Feast is much the same as it was over 100 years ago with lights adorning the street and the smell of sausage in the air. The current Feast is organized by the descendants of those original immigrants and still includes a procession of the Madonna through the streets of the North End.

Each August since 1910, the Feast has been held in Boston’s historic North End on North and Fleet Streets, making it the North End’s oldest continuously running Italian festival. The Feast traditionally starts on Thursday when the statue of the Madonna is moved from her home in the Fisherman’s Club to a chapel at the center of the feast. This will be her home throughout the weekend. Thursday is also when the fishermen that founded the Feast are remembered with a blessing of the fishing waters. Each night and during weekend days there is entertainment on the bandstand and vendors selling food (Italian sausages, calamari, pizza, pasta and much more) as well as crafts. The Feast culminates on Sunday night with the spectacular “Flight of the Angel”.

 

Join eXp Realty Boston and Save Thousands of Dollars

April 23rd, 2018 by Michael Mahoney

Join eXp Realty: Today and Save Thousands of Dollars

Most agents with franchises are leaving thousands of dollars on the table.  The broker owners are usually overcharging and under delivering to the agents in their offices. One phone call with Realtor Michael Mahoney of eXp Realty could be worth at least $10,000 per year and ownership in our company. Don’t believe me? Call me at 617-615-9435

Joining eXp Realty in Boston starts with a conversation with one of our local agents.

Each week, we do a webinar on eXp explained and show you the systems and backend.

Local real estate agents wishing to join eXp Realty must be sponsored into the company.  Agents in our company identify talented individuals in the real estate profession or people looking to become real estate professionals and sponsor them into our company.

Agents joining eXp Realty are sponsored by existing eXp agents. This ensures that agents in the company are building the company the way see is best. eXp Realty is a global community designed, powered and owned by our agents and partners, transforming the real estate experience. By empowering the agents to build the company, eXp is building a company that agents will want to be with for a long time.

Call me if you have questions at 617-615-9435. 

Top 7 reason Agents Join eXp Realty in Boston

joining exp realty in greater boston

1. Incredible splits. The brokerage only receives $16,000 in commissions per year. The rest is yours to keep. You are paid 80% and once the company receives 16k, you go to 100%.

2. Agents earn stock in the company. As you hit performance benchmarks, the company issues company stock awards. The company is publicly traded under the stock symbol expi.

3. Monthly company revenue sharing for agents looking to develop passive income streams.

4. The association fee is only $99.00

5. The monthly fee for everything is only $50.00

6. 16 Live lead generation, technology and business development classes per week.

7. Access to support live from 9 AM to 8 PM est.

Want to know more about joining click here eXp Realty in Boston   – If you have questions about joining eXp Realty call my cell phone anytime at 617-615-9435.

Download the Agents’s Guide to Joining eXp Realty

Download the Guide to Joining eXp Realty below. The guide should answer all of the questions about eXp culture, business models, systems and overview of the benefits of becoming an eXp agent.

Growth at eXp Realty

When I started with eXp Realty it was 6000 agents at the end of December 2017. It’s now over 13,000. The company also just uplisted onto the NASDAQ. The day it went onto the NASDAQ, the market cap was 1 billion.

The stock symbol for eXp Realty is EXPI.

In perspective, Remax is over 40 years old and their market cap was 944mm the same day.

Join the revolution in real estate. Would you rather be with Best Buy or Amazon in retail right now. If you owned a Blockbuster video, but had information that Netflix was coming, what would you do?

The support and systems to scale that quickly are amazing. Agents who I meet are so happy to have made the change. Most say they wish they did earlier. See the testimonials from agents who have affiliated with eXp Realty at the bottom.

Agent-Ownership is Real at eXp Realty

Our family of agents builds their own businesses while having the opportunity to also establish a direct ownership interest in eXp World Holdings, eXp Realty’s holding company, as a shareholder and partner.  When agents join eXp Realty, they are granted stocks in the company. This aligns the agents to the company values and treats them as a true owner.

The eXp Stock is Publicly Traded on the NASDAQ under the symbol eXpi

eXp Realty just announced that they have been listed on the NASDAQ.

eXp Realty Versus the Traditional Real Estate Brokerages

In a traditional brokerage, you affiliate as an agent in a company. The broker/owner then gets a cut of the commissions.  At eXp Realty, there are no local franchisees. You the agent deal directly with the eXp International.  There is no middle man. By reducing the amount of middlemen in the model, eXp is able to grant stock and stock options to their agents making them direct ownership partners.

Maximum Earning Potential – Keep More Money in Your Pocket

No desk fees. No royalty fees. No franchise fees. Keep 80-100% of your commissions and participate in one of the industry’s most rewarding icon-agent programs. Agents at eXp Realty can receive revenue share from the people they sponsor into the company. Revenue share is paid by eXp Realty company dollars and doesn’t reduce agent commission, and there’s no limit to the amount agents can earn.

expense for joining exp

As of 9/28/2018

 

eXp is Revolutionizing the Real Estate Model

eXp Realty’s revolutionary virtual-office business model does away with the added costs of a traditional brick-and-mortar brokerage. This means no desk fees, no franchise fees and no royalty fees. Keep 80-100% of your commissions, and enjoy a low company cap. Most agents today never go into the office. The Internet has made it so the majority of agents are working virtually everyday. Why not get the income you are leaving on the table at the “traditional brokerage” you are working at virtually anyways.

Read about some top agents who have joined eXp Realty

Thinking About Joining eXp Realty in Boston? Click here

eXp Realty – Our Culture

At eXp Realty, our family of agents and brokers build their own businesses while
establishing a direct ownership interest in the company as a shareholder and partner. The greatest asset of any real estate brokerage is the group of agents and brokers who are a part of it. In our view, those agents and brokers should be owners and at eXp Realty, they are.

eXp is attracting like-minded successful brokers and agents seeking to leverage technology while off-loading office walls, managing the office, training and support functions. Through the innovative use of technology, the company provides agents, teams of agents, and brokerage owners with opportunities for increased profitability, reduced risk, and greater levels of professional development while fostering an organizational culture that values collaboration,strength of community, and commitment to serving the consumer’s best interests.

See some Testimonials from Agents Who Joined eXp Realty

 

eXp agents are not constrained by brick and mortar obligations, capital requirements or structure not central to broker, agent, buyer and seller needs.

eXp seeks to take advantage of a world digitally connected in ways never thought possible and inspire its people to leverage the best technologies to be the service leader in the real estate industry.

Most notable among the technologies that the company employs, and one that distinguishes it from any of its competitors, is a 3D, fully-immersive, cloud campus complex which has meeting rooms, training centers, outdoor spaces, and in which the company’s management, staff, agents and brokers all work on a daily basis learning from, sharing with, transacting business with, and socializing with colleagues from across diverse geographies.

eXp agents are working together to build businesses, build and enhance brands, increase profitability, reduce overhead and risk, and achieve bold career and life goals, all while establishing a direct ownership interest in eXp Realty as a shareholder and partner. Come and get your ownership in this company.

If you have questions about joining eXp Realty and being mentored by me personally call my cell phone anytime at 617-615-9435.

Thinking About Joining eXp Realty in Boston, get more about exp realty here

 

Buyers Need to Be Ready for Tight Inventory This Spring

March 12th, 2018 by Michael Mahoney

Buyers Need to Be Ready for Tight Inventory This Spring

Michael Mahoney Boston Realtor on a Home Breaking Your HeartWith the Spring market coming, you need to make sure you have your ducks in order and be prepared to have your heart broken in the housing market as inventory is extremely low.

I would say that one the first things a buyer’s agent in Boston needs to do with a client is set expectations.  We need to offer clients a realistic outlook on today’s marketplace, and explain what it will mean for them.

With the inventory as slim as it is, a buyer’s agent needs to prepare clients for facing limited inventories.  In short, you may not get everything on your wish list.   There is high competition for many properties and you need to be ready to act fast and possibly face bidding wars for properties currently on the market.  Also with lower inventory comes rising prices.  You need to get your finances in order before you shop and understand that mortgage rates are expected to keep rising, which could add to your borrowing costs if you delay buying. As rates rise, your borrowing power is diminished.

From a recent Realtor® Magazine article on the current state of the market in the United States, Here is what Rob Mehta a Realtor in Minnesota had to say:

“Preparing buyers for the reality of a seller’s market is important,” Mehta says. “Some buyers may have to face the heartache of losing at least one house and having to go through that one loss before heading into the second offer more prepared and pickier about what contingencies they include in order to submit a cleaner offer to the seller.”

Be ready to act fast. Forty-three percent of the existing homes sold in January were on the market for less than a month, according to the NAR. Buyers who have a preapproval letter and who attach limited contingencies to their offer may have the best chances of getting their offers accepted. Preapproval—a step beyond getting “prequalified”—is an analysis from a lender of the buyer’s credit and assets that indicates how much financing the buyer has been approved for. A preapproval letter can be submitted with offers to add some assurance to sellers that there won’t be any hold-ups in financing. Also, a preapproval reminds buyers what they can afford to pay. In bidding wars, buyers can get caught up in the emotional process of the back-and-forth within negotiations, but there’s a lot of risk to that. “We need to share with our buyers that they could overpay and get caught up in the emotional aspects of the process,” Mehta says. “Our fiduciary responsibility is to provide the positives and negatives of a property and to advise clients accordingly in a transaction. We need to be upfront with our valuations and help them make smart decisions, and we watch the contracts carefully so that our buyers are protected.”

Start Searching for your Home Now

Get the value of your home now

Existing-Home Sales Fade in December; 2017 Sales Up 1.1 Percent

January 25th, 2018 by Michael Mahoney

Michael Mahoney  a Boston Realtor sells homes in winterWASHINGTON (January 24, 2018) — Existing-home sales subsided in most of the country in December, but 2017 as a whole edged up 1.1 percent and ended up being the best year for sales in 11 years, according to the National Association of Realtors®.

Total existing-home sales1, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.1 percent in 2017 to a 5.51 million sales pace and surpassed 2016 (5.45 million) as the highest since 2006 (6.48 million).

In December, existing-home sales slipped 3.6 percent to a seasonally adjusted annual rate of 5.57 million from a downwardly revised 5.78 million in November. After last month’s decline, sales are still 1.1 percent above a year ago.

Lawrence Yun, NAR chief economist, says the housing market performed remarkably well for the U.S. economy in 2017, with substantial wealth gains for homeowners and historically low distressed property sales. “Existing sales concluded the year on a softer note, but they were guided higher these last 12 months by a multi-year streak of exceptional job growth, which ignited buyer demand,” said Yun. “At the same time, market conditions were far from perfect. New listings struggled to keep up with what was sold very quickly, and buying became less affordable in a large swath of the country. These two factors ultimately muted what should have been a stronger sales pace.”

The bottom line right now in Boston real estate market is that the inventory is still really low and we could use some of the baby boomers homes to sell in the open market since there are a lot of buyers looking to settle down into those homes and create their American Dream.

Curious What Your Home is Worth

Full Press Release from The National Association of Realtors Here

New Listing at 64 Percival Street #1 Boston MA Two Bed Condominium on Ronan Park

October 11th, 2017 by Michael Mahoney

New Listing at 64 Percival Street #1 Boston MA Two Bed Condominium on Ronan Park in Dorchester

Michael Mahoney Realtor Offers For Sale this 2 Bed Condo at 64 Percival Street #1

Condo for Sale at 64 Percival Street #1 Dorchester MA 02122

Great new two bedroom condo in the area next to Ronan Park. Super convenient for people who want to access the city. Many neighbors walk from the neighborhood to the Fields Corner Redline Station. You can see more about 64 Percival Street Unit 1 in Dorchester, MA 02122 below.

Interested in knowing what your property is worth? Get the value of your home now

See all condos for sale in Dorchester now

64 Percival St, Unit 1, Boston, MA 02122 (MLS # 72241055)

(all data current as of 5/25/2019)
Price $350,000
Beds 2
Baths 1 full
Home size 927 sq ft
Lot Size 927 sqft
We have a loan program from as little as 3% down to make a purchase on this condo. ***Open Houses 11/4 & 11/5 1-3 PM Both Days*** You can get the landlord off of your back and become an owner instead of a renter. The one you have been looking for. A two bedroom with lots of updates. Investors & Savvy folks take note...There is a place to cut in a third bedroom making more rent or room for more people.Converted in 2013. At that time, a new kitchen and bath was installed. There is a waterview of Dorchester Bay from the rear deck. Recent updates include a roof that was installed last 3 years, new porches and a new front door. Private Laundry & Storage in the basement. PET FRIENDLY! This area is conducive to a pedestrian lifestyle. Many residents in the area walk to the Redline. Association has a healthy 7k in the reserves. City of Boston 2018 estimated property tax is $253.10 reflective of residential exemption. Currently all three units owner occupied. Quick close possible.

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We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Michael Mahoney to contact you even if your name is on a Federal or State "Do not call List".
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Listing provided by Michael Mahoney, Keller Williams Realty - Foxboro/North Attleboro

(view all details for MLS #72241055)

Stunning Gourmet Kitchens in these Boston Area Homes

October 10th, 2017 by Michael Mahoney

Stunning Gourmet Kitchens in these Boston Area Homes

Amazing Homes in Boston with Gourmet Kitchens by Realtor Michael Mahoney

The kitchen is at the heart of every home…here are some stunning kitchens in both the city and the burbs.

Looking for that special kitchen? With the market as strong as it is we can probably get you out of the 70’s oak and into something gorgeous. It starts with figuring out  your home’s value.

Here are some amazing kitchens in and around Greater Boston.

We're sorry, but we couldn't find MLS # 72238228 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

82 Skyline Drive, Westwood, MA 02090 (MLS # 72214451)

(all data current as of 5/25/2019)
Price $1,600,000
Beds 5
Baths 3 full, 1 half
Home size 5,408 sq ft
Lot Size 1.72 ac
Move right in to this beautifully-maintained center entrance brick Colonial with spacious rooms and exquisite recent updates overlooking a lush back yard. Conveniently located near the Dover line for easy access to highways and Town services in Westwood and surrounding Towns. Elegant and wide craftsman style staircase is welcoming at the two-story atrium foyer drawing you into all of the living areas on the first floor. The heart of the house has an oversized and thick marble island with counter-height seating, appliance brands include Viking, Thermador, Sub-Zero, DCS, Dacor, Bosch. Two cooking areas, 3 ovens and open to family room, great room and formal dining room. Travertine marble tile spills from the kitchen into the great room which is sun splashed with a wall of floor to ceiling French doors leading to the wrap around AZEK deck and expansive back yard. Columns at the front of the house are mimicked in the newer addition at the back of the house.

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A password will be e-mailed to you.

We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Michael Mahoney to contact you even if your name is on a Federal or State "Do not call List".
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Listing provided by E. Anne Casner, Gibson Sotheby's International Realty

(view all details for MLS #72214451)

We're sorry, but we couldn't find MLS # 72235374 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

If you would like to see what to do about your kitchen or looking for a new home with a stunning kitchen, get the conversation going with Michael Mahoney now. Use the contact form on the right up above.

 

 

 

The Fall Market is Still Warm Like Summer

October 3rd, 2017 by Michael Mahoney

The Most Expensive Residential Property on the Market in Boston Now

May 6th, 2017 by Michael Mahoney

The Most Expensive Residential Property on the Market in Boston Now

See All Boston Properties Over $10,000,000

We're sorry, but we couldn't find MLS # 72114230 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

(more…)

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

Saturday morning pick-up

GAMBETA FOOTBALL CLUB

Carlos is organizing this week.

Saturday 9-11 am Tennis at Newton South High School-Intermediate skill level &up

Boston Tennis Players

This Meetup is for players with intermediate skills and up. Weekly Saturday morning tennis at Newton South High School. Look for the regulars and say hello to people. The nets at Newton South have been put back up. I am continuing this meetup...

Weekly 90-minute walk in good weather

Boston Vegan Meetup Group

We will walk 5 miles in about 90 minutes.We will be joined by walkers from Mission Hill, and some from the starting point.We will depart close to 9:30 am and will not wait.On the first Saturday of each month we will enjoy the Boston Vegan Coffee...

Weekly 90-minute walk in good weather

Boston Thoughtful World-Transforming Abolitionist Vegans

OUTSIDE the building around the traffic circle, look for walkers preparing to walk. You may bring dogs on a leash, but dogs cannot go inside and must be carried once on the grounds of the building where we are starting.