Tuesday, May 17, 2016

Condominium Market in Maynard Getting Stronger

18-5 Deer Path - Under Agreement

After many years of slow sales, the market for condominiums, and especially townhouses in Maynard has improved substantially this year! Year-to-date, there have been 14 condos, including 2 apartment style and 12 townhouses, sold compared with 9 for the same period in 2015. Sale prices for townhouses in Maynard YTD range from $145,000 for apartment style condominiums to $399,900 for new construction townhouses.

Current listings: There are currently 10 condominiums for sale in Maynard; five are higher priced new construction townhouses. The other five are in the established townhouse communities of Deer Hedge Run, Oak Ridge, and Apple Ridge. See condominiums for sale in Maynard and nearby towns.

Under Contract (Accepted Offers and Sales Pending): There are 7 condominiums with offers accepted waiting for contingencies and 9 sales pending. Several of the townhouses that are under contract had accepted offers within just a few days. Demand is strong from first time buyers and down-sizers. Condominiums can be a great way to own a home without having to be concerned about exterior maintenance and townhouses often have more space and amenities than single family homes for the same price.

Coming Soon: Deer Hedge Run townhouse with 2100+ square feet of living space spread over 4 finished levels that include a finished loft with fireplace, and a full finished walkout lower-level with a slider, laundry room, and full bath with a stall shower. The open floor offers flexibility for entertaining and everyday living. Beautiful yard and private wooded views. And, just a few steps to the pool, tennis courts, fitness room, and community guest parking. Call 508-596-3501 for details.
--------------------------------
About the author: Marilyn Messenger, a real estate broker, Certified Residential Specialist, and Accredited Buyer Representative associated with Andrew Mitchell and Company in Concord,  has been selling townhouses in Maynard, Sudbury, Concord, Wayland, and the towns west of Boston since 1993. As a townhouse owner and resident and former board of trustees member, she knows first-hand about condominium living. Contact Marilyn if you are thinking about buying or selling a condominium.

Featured in Boston Agent Magazine
Subscribe to Realty Tiimes Headlines from Marilyn 


Sunday, February 14, 2016

Wayland Home Sales Up 38.6%!

SOLD - 32 Pequot Road Wayland -WaylandHomeSales.com

Current 2/13/2016:  There are currently 23 single-family homes for sale in Wayland. Last year at this time there were 30. List prices for current listings in Wayland range from $269,900 to $6,900,000. The median list price of $1,549,900 is higher than last year at this time when the median list price was $1,187,000. See homes for sale in Wayland.

Y-T-D Pending Sales as of 2/13/2016: 23 single family homes have pending sales including 11 that have accepted offers and are waiting for contingencies to clear. The median list price for sales pending was $739,000. Actual sale prices will be available in approximately 60 days when the sales close.

December Closed Sales: There were 16 closed sales in December, up from 10 in December 2014. The median sale price of $618,000; up 9.6% from December 2014.

2015 Closed Sales: There were 183 closed sales of single-family houses in Wayland during 2015; up 38.6% from 2014. The median sale price for the year was $705,000; up 3.1% from the 2014. 206 single-family houses were 252 listed in 2015 compared with 206 in 2014. 


Price Adjustments/Expired Listings: Even in the most active market properties that are not priced correctly will not sell and prices must be adjusted/reduced. There were 198 price adjustments on 112 single-family properties in Wayland during 2015; the average adjustment was -8.2%.

Expired Listings: There were 33 homes that were listed for sale and expired/did not sell during their listing contract period. These “expired listings” were on the market for an average of 226 days. Some of them came back on the market and are either still active or have been sold.

Condominiums (including garden-apartments and townhouses): Currently, there are 12 condominium units for sale in Wayland. Prices range from $459,000 for a townhouse at Stoneridge Village, to $1,179,000 for a 12 room luxury townhouse at The Field at Mainstone. New construction townhouses at Craftsman Village start at $759,900.

Buyers, you are entitled to have your own buyer agent/broker represented you when you buy new construction. You do not need to work with the builder’s agent, however, your agent must accompany you to the first showing, even if it is “just to look” or get information. If you are looking for easy living see condominiums for sale in Wayland and the nearby towns west of Boston.

                                                      



Five Miles Astride the River: The Story of Wayland from Pelham Island Pictures on Vimeo.

------------------------------


About the author: Marilyn Messenger, is a Certified Residential Specialist (CRS) and Accredited Buyer Representative (ABR), and licensed real estate broker is associated with Andrew Mitchell and Company. She has been selling residential properties in Wayland and towns west of Boston since 1993. Marilyn's knowledge and experience helps her clients accomplish their housing goals in the shortest amount of time with the least amount of stress. www.WaylandHomeSales.com




Friday, January 22, 2016

Home Buying: The Benefits of Buyer Agency Agreements



Written Agreements Benefit Buyers
 

Most consumers know that if they want to “hire” a real estate broker/agent to sell their home and represent their interests, they must sign a contract. Realtors® are not allowed to list a property without one. The contract clearly spells out the terms of the agreement including length of time, compensation and each party’s responsibility.
While buyer agency is not a new concept – it has been legal in MA for 15+ years and a few years ago the law that governs agency relationships was updated to further ensure consumer protection, many buyers and some agents still don’t understand the benefits of a written Buyer Agency Agreement/contract.

Buyers often call me to ask for help finding a home and many tell me they have had disappointing experiences with "their buyer agent." When I ask if they had a contract with the agent, they answer is almost always “no”.  Well, of course they are disappointed! How did the agent know what the buyer expected? And were the buyer's expectations realistic?

The benefit of a contract is that both the buyer and the agent know what to expect and that each is accountable. The buyer knows which geographic areas the agent covers, they know how the agent is going to be compensated, and that the agent is legally obligated to act in the buyer’s best interest.

Buying a home is a process not an event - there is a lot more involved than finding a picture on the internet or going to open houses to "look." Successful negotiations are based on trust, confidentiality, and mutual respect. Buyers, you are entitled to have a qualified broker/agent on your side to ensure you get the representation you deserve and a written agreement is the first step.

While any agent can call themselves a buyer's agent, an ABR, Accredited Buyer's Representative has additional training and is part of a network that continues to provide education and new tools for representing buyers.
Before you start looking for a house find a qualified buyer agent/broker who will listen to you and respect your needs; one who knows the market in the area, knows how to negotiate, has a network of resources - lenders, home inspectors, attorneys, movers, etc.; and who will educate you so you can make the best decisions about your new home. Real estate is about relationships so make sure you have an agent who knows and cares about your well-being.
------------------------------------------------------------------------------
Marilyn Messenger is an Accredited Buyer's Representative (ABR), Certified Residential Specialist (CRS) licensed real estate broker associated with Andrew Mitchell and Company in Concord MA. She has been representing home buyers in Sudbury, Maynard, Wayland, Stow, and the towns west of Boston since 1993. If you are thinking about buying a home, contact Marilyn at 508-596-3501.
Search for homes
Connect with Marilyn's real estate profile on Google+
- See more at: http://www.marilynmessenger.com/Web/AR438531/CustomContent/index/5492216#sthash.rRphUgHr.dpuf

Written Agreements Benefit Buyers
 

Most consumers know that if they want to “hire” a real estate broker/agent to sell their home and represent their interests, they must sign a contract. Realtors® are not allowed to list a property without one. The contract clearly spells out the terms of the agreement including length of time, compensation and each party’s responsibility.
While buyer agency is not a new concept – it has been legal in MA for 15+ years and a few years ago the law that governs agency relationships was updated to further ensure consumer protection, many buyers and some agents still don’t understand the benefits of a written Buyer Agency Agreement/contract.

Buyers often call me to ask for help finding a home and many tell me they have had disappointing experiences with "their buyer agent." When I ask if they had a contract with the agent, they answer is almost always “no”.  Well, of course they are disappointed! How did the agent know what the buyer expected? And were the buyer's expectations realistic?

The benefit of a contract is that both the buyer and the agent know what to expect and that each is accountable. The buyer knows which geographic areas the agent covers, they know how the agent is going to be compensated, and that the agent is legally obligated to act in the buyer’s best interest.

Buying a home is a process not an event - there is a lot more involved than finding a picture on the internet or going to open houses to "look." Successful negotiations are based on trust, confidentiality, and mutual respect. Buyers, you are entitled to have a qualified broker/agent on your side to ensure you get the representation you deserve and a written agreement is the first step.

While any agent can call themselves a buyer's agent, an ABR, Accredited Buyer's Representative has additional training and is part of a network that continues to provide education and new tools for representing buyers.
Before you start looking for a house find a qualified buyer agent/broker who will listen to you and respect your needs; one who knows the market in the area, knows how to negotiate, has a network of resources - lenders, home inspectors, attorneys, movers, etc.; and who will educate you so you can make the best decisions about your new home. Real estate is about relationships so make sure you have an agent who knows and cares about your well-being.
------------------------------------------------------------------------------
Marilyn Messenger is an Accredited Buyer's Representative (ABR), Certified Residential Specialist (CRS) licensed real estate broker associated with Andrew Mitchell and Company in Concord MA. She has been representing home buyers in Sudbury, Maynard, Wayland, Stow, and the towns west of Boston since 1993. If you are thinking about buying a home, contact Marilyn at 508-596-3501.
Search for homes
Connect with Marilyn's real estate profile on Google+
- See more at: http://www.marilynmessenger.com/Web/AR438531/CustomContent/index/5492216#sthash.rRphUgHr.dpuf
Most consumers know that if they want to “hire” a real estate broker/agent to sell their home and represent their interests, they must sign a contract. Realtors® are not allowed to list a property without one. The contract clearly spells out the terms of the agreement including length of time, compensation and each party’s responsibility.
While buyer agency is not a new concept – it has been legal in MA for 15+ years and a few years ago the law that governs agency relationships was updated to further ensure consumer protection, many buyers and some agents still don’t understand the benefits of a written Buyer Agency Agreement/contract.

Buyers often call me to ask for help finding a home and many tell me they have had disappointing experiences with "their buyer agent." When I ask if they had a contract with the agent, they answer is almost always “no”.  Well, of course they are disappointed! How did the agent know what the buyer expected? And were the buyer's expectations realistic?
The benefit of a contract is that both the buyer and the agent know what to expect and that each is accountable. The buyer knows which geographic areas the agent covers, they know how the agent is going to be compensated, and that the agent is legally obligated to act in the buyer’s best interest.

Buying a home is a process not an event - there is a lot more involved than finding a picture on the internet or going to open houses to "look." Successful negotiations are based on trust, confidentiality, and mutual respect. Buyers, you are entitled to have a qualified broker/agent on your side to ensure you get the representation you deserve and a written agreement is the first step.
While any agent can call themselves a buyer's agent, an ABR, Accredited Buyer's Representative has additional training and is part of a network that continues to provide education and new tools for representing buyers.
Before you start looking for a house find a qualified buyer agent/broker who will listen to you and respect your needs; one who knows the market in the area, knows how to negotiate, has a network of resources - lenders, home inspectors, attorneys, movers, etc.; and who will educate you so you can make the best decisions about your new home. Real estate is about relationships so make sure you have an agent who knows and cares about your well-being.
------------------------------------------------------------------------------
Marilyn Messenger is an Accredited Buyer's Representative (ABR), Certified Residential Specialist (CRS) licensed real estate broker associated with Andrew Mitchell and Company in Concord MA. She has been representing home buyers in Sudbury, Maynard, Wayland, Stow, and the towns west of Boston since 1993. If you are thinking about buying a home, contact Marilyn at 508-596-3501.
- See more at: http://www.marilynmessenger.com/Web/AR438531/CustomContent/index/5492216#sthash.WTOHYzgD.dpuf



Most consumers know that if they want to “hire” a real estate broker/agent to sell their home and represent their interests, they must sign a contract. Realtors® are not allowed to list a property without one. The contract clearly spells out the terms of the agreement including length of time, compensation and each party’s responsibility. 

While buyer agency is not a new concept – it has been legal in MA for 15+ years and a few years ago the law that governs agency relationships was updated to further ensure consumer protection, many buyers and some agents still don’t understand the benefits of a written Buyer Agency Agreement/contract.

Buyers often call me to ask for help finding a home and many tell me they have had disappointing experiences with "their buyer agent." When I ask if they had a contract with the agent, they answer is almost always “no”.  Well, of course they are disappointed! How did the agent know what the buyer expected? And were the buyer's expectations realistic?

The benefit of a written contract is that both the buyer and the agent know what to expect and that each is accountable. The buyer knows which geographic areas the agent covers, they know how the agent is going to be compensated, and that the agent is legally obligated to act in the buyer’s best interest.

Buying a home is a process not an event - there is a lot more involved than finding a picture on the internet or going to open houses to "look." Successful negotiations are based on trust, confidentiality, and mutual respect. Buyers, you are entitled to have a qualified broker/agent on your side to ensure you get the representation you deserve and a written agreement is the first step.
While any agent can call themselves a buyer's agent, an ABR, Accredited Buyer's Representative has additional training and is part of a network that continues to provide education and new tools for representing buyers.

Before you start looking for a house find a qualified buyer agent/broker who will listen to you and respect your needs; one who knows the market in the area, knows how to negotiate, has a network of resources - lenders, home inspectors, attorneys, movers, etc.; and who will educate you so you can make the best decisions about your new home. Real estate is about relationships so make sure you have an agent who knows and cares about your well-being.
------------------------------------------------------------------------------
Marilyn Messenger is an Accredited Buyer's Representative (ABR), Certified Residential Specialist (CRS) licensed real estate broker associated with Andrew Mitchell and Company in Concord MA. She has been representing home buyers in Sudbury, Maynard, Wayland, Stow, and the towns west of Boston since 1993. If you are thinking about buying a home, contact Marilyn at 508-596-3501.


Tuesday, January 05, 2016

Maynard( MA) Housing Market Making a Comeback!

Home sales and prices rose in November 2015 over the previous year; good news for homeowners and sellers. Also, good news for home-buyers who would enjoy all that Maynard has to offer, the number of single-family houses for sale has also increased over last year at this time.

For Sale in Maynard - 46 Crane Ave. - click for details
Currently, there are 21 single family houses for sale in Maynard compared with 14 last year at this time. List prices range from $142,000 to $579,000. The median list price is $349,500 up from 294,000 last year and the current average list price of $355,976 is also higher than one year ago. See homes for sale in Maynard.

Both pending and closed sales were up in November from November 2014. Eleven single-family homes went pending compared with just four in November 2014; and there were ten closed sales; up from 6 the previous November.

The median sale price of $344,950 in Maynard during November was up 23.2%; and year-to-date through November 30, the median sale price of $336,500 was up 3.5%.


The condominium market, including townhouses, garden apartment, and half-duplex styles is also improving. The median sale price in November 2015 was up 2.8% over November 2014. The median price Y-T-D through 11/30 was 2.4% higher. As the number of condominium units for sale remains low, prices will most likely continue to go up as the Spring market progresses. 

Click here to see the latest report for Maynard, including data for single-family and condominiums from the Massachusetts Association of REALTORS. 

--------------------------------------------------------
About the author: Marilyn Messenger, a Certified Residential Specialist, Accredited Buyer Representative, and a licensed broker associated with Andrew Mitchell and Company in Concord has been representing buyers and sellers in Maynard and the nearby towns west of Boston since 1993. She is a Maynard resident and has been an active participant in town government as a member of the Planning Board for 15 years and as a member of the Zoning Board of Appeals for the past five years. She also served on the Board of Trustees at the Deer Hedge Run townhouse condominiums. Contact Marilyn if you are thinking about buying or selling a home in Maynard, Sudbury, Wayland, or the towns west of Boston.

Blog Archive