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

Posts Tagged ‘Greater Boston Real Estate 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

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

 

 

Fourth of July Greater Boston Real Estate Report

July 3rd, 2018 by Michael Mahoney

Greater Boston Real Estate Report by Realtor Michael Mahoney

Greater Boston Real Estate Market Report Weekly Update For July 3rd
Happy Fourth of July

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

Click Display Images to See this Boston Real Estate Graph
Detached Single-Family Homes: The 1,217 homes sold in May 2018 was the fifth highest sales volume for the month and was a 2.4 percent decrease from the 1,247 homes sold in
May 2017. This total is above the 15-year historical monthly sales average for May of 1,132 homes sold. The median sales price reached arecord high for the month of May at $629,000 which was a 5.4 percent increase from the May 2017 median sales prices of $597,000.
Condominiums: With 1,060 condos sold, it was the eighth most active May on record in Greater Boston, and a 2.8 percent decrease in sales from the 1,091 units sold in May 2017. This total remains above the 15-year historical sales total for condos sold in May of 1,030 units. The median sales price ofcondos also reached a new record high for the month of May at $550,000, which is a 4.8 percent increase from May 2017’s median sales price of $525,000

To get the full report on Boston today – Click here

What’s The Median Home Value In Your State?

If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located.
In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates at the same rate. The map below demonstrates that point on a state-by-state basis using data from the National Association of Realtors. If you want to know the value of your home, you can get the value now

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

The 5 Most Expensive Homes in Greater Boston Right Now

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

The home above is an amazing estate located at 50 Winsor Way, Weston, MA 02493. The price of this home is 18.5mm
This listing is being marketed by Landvest.
You have to see the virtual tour provided by the brokerage on this property

.

The Most Expensive Home Sold in Norfolk or Suffolk County Last Week

The most expensive home sold last week was in Norfolk County. It was in Westwood at 16 Pettees Pond Lane. The property was comprised of 18 rooms, 6 bedrooms, 8 full baths and 1 half baths. It was sited on 5.59 acres. It listed for $4,280,000 and sold for $3,925,000.

Here is how the broker described the property:

Rare offering – Complete Turn key home can come fully furnished – Design and build unlike other new homes in this area – Sophisticated Contemporary elegance – Gated entrance circular drive – 10 ft ceilings, Select Walnut and Marble floors, Rich detail, Floor to ceiling windows, Amazing privacy yet great location close to all – State of the art technology, Complete gym, Wine cellar, Office with mahogany builtins, Cooks dream kitchen with island and separate eating area, Formal dining room, butlers pantry, Fireplaced family room, Guest suite on first floor, Second floor offers All bedrooms ensuite, Luxurious Master suite with sitting room, dressing closets, Marble and Onyx bath, Inlaw/Nanny apartment on second floor, Gentlemens style pub room, Indoor heated salt water pool, Jacuzzi steam shower, Pool deck has desert air dehumidifier, Patio offers built in kitchen, Grill, Pizza oven, Fire pit, Finished lower level with Theatre setup, Play room, 4 car heated attached garage. See details here

 





What else can I do for you today?

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​I am here to help you!

Thank you for your time today.

I look forward to working with you in the future…

Thinking of Buying or Selling?

Call Mike at 617-615-9435

logo Michael Mahoney Realtor, eXp Realty

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

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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