Ready Set – GO! The spring Real Estate season has begun in MetroWest Boston

Although it doesn’t feel like spring yet, in Metrowest Boston the Spring Real Estate Season is in full swing!  Buyers are out there and sellers are coming on the marketGetting your home sold in the Spring Real Estate Market  earlier than years past.  It is true that the inventory is very low but there is a rush right now for sellers to take advantage of the Spring Real Estate Season in Metrowest so everyone is rushing to ready his/her home for a listing in February if not sooner.  

So what’s a seller to do to be ready for the Metrowest Spring Season in Real Estate?  Now is the time to spruce up quickly.  It’s never too wise to do big projects before selling.  There is no guarantee that you will recoup your money.  But having your home ready for those very discriminating buyers is critical.   

Take a look at some suggestions to come in the Spring Real Estate Season Winning !   

If you’re thinking of listing your home this spring, I’d be happy to assist you in the steps you should take to ready your home for this potentially best

Spring Real Estate Season in Metrowest since 2005! 

Happy 2013!

 

Happy New Year!  2013 will be a great year in real estate if you’re thinking of buying or selling in MetroWest Boston! Happy New Year in Metrowest Boston  

 

Great things are in store for Metro-West Boston in 2013 !

Medway is celebrating its 300th Anniversary ALL YEAR LONG – Watch for events or check the

Medway 300th Website

Thinking about picking up a new hobby in 2013?  Try Quilting with the Yankee Quilters meeting in Franklin in February  - Check out their event 

If music is your interest, you may want to consider the Winter Pops Event in Milford

And if you’re thinking of buying or selling in Metrowest Boston – Before January 15th you can find out how your town did in real estate in 2012!  Reports will be posted here –   One town each day – between January 1 and January 15 


Marcia’s 3rd Quarter Statistics!

Just in – My 3rd Quarter Statistics –  This quarter I sold  4 homes  as a SELLER’S Agent (see my buyer agency homes sold below this post)- Average days on market for these homes is 43 days!  The average for the past 3 months in these towns is 148 days!  So I was able to beat the market by over 100 days!  If you want your home sold for the best possible price and in the least amount of time – Call me!

How did MetroWest Boston do in Real Estate Sales in 2011?

Metroest Boston Home Sold Statistics can be hard to follow but taking a sampling of towns and laying out the critical data can really help to clarify things.  Take a look at the towns below and how they did in 2011 as it compares to 2010. Data was pulled from the Greater Boston MLS system 1/8/2011

 metrowest boston real estate statistics Metrowest Boston Area                Sampling 
2011 Single Family Sold Analysis 
(as compared to 2010 sales) 
SF # of Homes Sold Average    Square Feet      Average       List Price Average Sale Price Average Market Time Sold per Sq foot price
Ashland
2010 109 2,248 393,090 383,811 96 182
2011 96 2,163 392,439 381,708 90 182
Bellingham
2010 129 1,909 290,194 282,268 96 $155
2011 129 1,857 271,531 263,135 133 $146
Franklin
2010 206 2,210 411,088 399,925 101 $186
2011 225 2,274 399,079 387,670 109 $175
Holliston
2010 110 2,252 433,244 423,339 89 $194
2011 124 2,453 452,025 435,680 134 $181
Hopkinton
2010 141 2,906 558,825 541,061 107 $190
2011 147 3,009 559,057 544,990 102 $185
Mansfield
2010 128 2,121 390,314 378,608 102 $182
2011 134 2,052 381,967 369,502 103 $185
Medway
2010 110 2,249 380,542 368,974 141 $170
2011 109 2,261 370,447 363,393 141 $164
Milford
2010 149 1,865 281,934 272,450 87 $148
2011 165 1,806 262,835 254,209 130 $143
Millis 
2010 60 2,003 349,325 333,161 146 $178
2011 65 2,032 335,572 323,338 142 $170
Plainville
2010 62 2,042 372,399 369,123 131 $184
2011 49 1,961 332,952 321,059 118 $173
Wrentham
2010 82 2,312 397,974 383,709 135 $177
2011 83 2,539 432,740 419,729 129 $169

2011 Metrowest Boston Home Sold Statistics | Metrowest Area Sampling and 2010-2011 Real Estate Trends

The numbers are in for Metrowest Home Sales in 2011 and they confirm the trending we’ve seen all year. We’re in a much more stable real estate environment than in 2008-2009 but we are still trending down ever so slightly. The good news is that homes are selling and in many towns more homes have sold in 2011 when compared to 2010. But we do see the per square foot price is still trending down (ever so slightly in some towns)  in most towns. Interestingly one town in our sampling showed a higher per square foot sale price in 2011 and that was Mansfield.Ashland was the only town that held firm in its per square foot sale price when comparing 2010 to 2011  Most towns showed a drop in the vicinity of 2-6%.

Much more detail can be found in the spreadsheet on these towns so you can see number of homes sold, days on market and other important pieces of data on the Metrowest Real Estate Market in 2011.  See the detail here.

FHA 90 Day Anti Flip Override Continues into 2012

We know how popular FHA financing is because of the benefit of a much smaller down payment in buying a home.Houses sold as Flips

Most realtors have had heard of the FHA “anti flipping rule” or maybe you know it as “seasoning” – Simply put – If a buyer was hoping to puchase a home that was purchased less than 90 days ago by a flipper and remodeled for resale, they would not be able to purchase it using an FHA Insured Mortgage.  This was a major stumblinjg block for buyers who ran into this scenario.  But also it was a stumbling block to get contractors to buy – repair and fix up. 

What we do know about contractors that flip homes is that they want to get in and get out as quickly as possible and not hold on to the property any longer than is necessary – They often finish  up a home in 30 to 45 days and want to sell it asap – In 2011 – there was a temporary waiver of the anti flipping rule to make it easier for contractors to buy and sell. - I believe the thinking was that flippers could IMPROVE the real estate landscape out there by buying and selling updated homes in less than 90 days and move some of the inventory out there that would simply sit idle without their help.

The real question is – what happens with this rule in 2012 – GOOD NEWS came out last week – In 2012 the Federal Housing Administration is extending the temporary waiver of its “anti-flipping” rule. So homebuyers relying on FHA financing will continue to be able to buy homes that have been flipped within the 90 day time frame. To read more about this waiver, click here.

Some additional guidelines for flippers include that you can only resell a property for a 20% or less elevated price from which you bought it. Of course with all the expenses of the flip, including attorney fees, realtor fees, and expense of the upgrades, a 20% profit is a good one!

This is good news for the 2012 market and important for realtors to be aware of – whether it’s to help buyers buy a flip or for your contractors who have considered flips.

Last Sale of the Year – A Wonderful Farmhouse in Franklin.

Happy buyers!  And no surprise, they are moving into an updated Farmhouse tucked away in a corner of Franklin that provides peace and tranquility on this attractive 1.88 acre lot!   This antique has had many upgrades over the years but the architectural features of this 1800 home like the staircase,  the built ins, and the large family kitchen are still there.   My buyers are so excited and plan on putting their finishing touches on the home in the next few weeks.  What a way to start 2012!

My favorite spot is the front porch leading into the kitchen/family room!  

This home is a great value for these buyers – I’m ready to help YOU  find your dream home!

 15 Mount SOLD

A Busy Real Estate Market in Massachusetts

As we start 2012 here in Massachusetts, we realtors are getting ready for a banner year.  In fact there is reason to believe we may see it in 2012.  You may have been too busy with the holiday activities to note that on 12/21 the Mass Association of Realtors reported that  in November both single family home sales as well as condo sales were up when compared to the same time last year. Read the report here.  If you’ve read my recent town by town blogs reporting on November sales when compared to November 2010, we see the same results in Metrowest.   That’s very good news when MAR adds that this is the fifth straight month of year over year increases.  

Sellers should note that on average sale prices are still adjusting down – but buyers are out there now and we expect to see more buyers in 2012.  This may be the last chance to buy a home in such a great buyers marketMassachusetts Real Estate Market –  Don’t wait until late spring, g out there now and secure your new home and make your dreams come true.  

Another Home Under Agreement in Medway !

It’s always great when you sell a home in Medway to people who already LIVE in Medway. It speaks highly of the town. Both future homeowners (home closes next month) of this home are current Medway residents and grew up in town!
Again – Happy buyers found this home!

 

Overview

Maps

Photos

Features

Description

Neighborhood

 

 

$219,900
Condominium
Main Features
3 Bedrooms
1 Bathroom
1 Partial Bathroom
Interior: 1,400 sqft
Location
2 Elm Street
Medway, MA 02053
USA

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Marcia Doreen Kramarz

Marcia Doreen Kramarz

 

Re/MaxExecutive Realty
(508) 377 7171
m.kramarz@comcast.net
http://www.keytometrowest.com

     

Listed by: Marcia Kramarz

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Bad Choices

If you’re not a Fan of The Middle, you probably missed last week’s episode. One of the interwoven plots had the parents, Frankie and Mike consider moving out of the house which has a seriously leaking roof and broken appliances – into a rental after they realize there’s no money for the new roof and paying the mortgage- Certainly a theme we’re all familiar with in this economy! 

The Middle Cast   Frankie’s work friend asks, “Why are you pouring money into your house when you can rent for less money – where they’ll fix things for you when they break!”
It does sound appealing! Frankie goes home to talk to Mike

Mike responds, “Frankie, are you talking about us walking away from our house?” He goes on – “That’s not the way it works in America! You struggle years and years and fall behind your payments until you get evicted by the sheriff who throws all your stuff out on the lawn in front of the neighbors – that’s how you leave a house in America ! (You have to hear Mike deliver that line)

By this point my husband was laughing out loud but I was more engrossed at how they would wrap up this plot – Turns out They LOVE the apartment and thought seriously about it – were just about to move forward when the neighbors came to the rescue to fix the roof and they realized – neighborhood and connections were far more important than having some left over money at the end of the week –

Clearly when issues like this make tv sitcom, you know that it’s a widely prevalent issue.

At the end of 2010, it was estimated that close to 25% of homeowners were underwater on their mortgage. It’s easy to see how the idea of walking away may seem appealing. I’m not sure this sitcom did anything to dissuade people in similar situations to hang in there. I don’t think it’s necessarily the role of the sitcom to do that. Raising awareness of the situation is something they did – But if we as a nation don’t look to ways to assist these homeowners, we may have far more foreclosed properties than is in the queue now! Your thoughts please….