Monthly Archives: February 2015

Belmont Statistics – February 2015

The current months statistics for the Belmont real estate market are shown below.

Inventory Levels

If an inventory level graph shows seasonal fluctuations then we know that the market is ‘healthy’ and showing normal activity. If seasonal fluctuations are not obvious then what we are seeing is an ‘unhealthy’ market where foreclosures and short sales have cluttered and hidden the normal trends of the market. Price trends can be learnt from inventory level data – in a ‘healthy’ market with demand greater than supply, prices tend to move up. In an ‘unhealthy’ market where supply far outstrips demand then the trend on prices is down. This follows the normal Supply and Demand market dynamics.

Absorption Rates

Absorption rates can be described as the number of months needed to sell the available inventory at the rate of sales experienced in the previous 12 months IF no additional properties were listing during that time.

So, given the ‘normal’ rate of sales that have occurred over the previous 12 months, and given the number of homes on the market currently, how many months it would take to sell everything that is currently available is known as the absorption rate. We generally say that anything below 7 months supply is ‘healthy’. The absorption rate can be a general rate for a town, for instance, for all single family homes in that town, or it can be more specific and related to price ranges.

Sold/Original Price Ratios

By reviewing the sold to original list price ratio you can get a very good understanding of the health of the real estate market in a town, and the cyclical nature of sales in the town. The number of homes sold, along with the average percentage of the original list price to sales price data, gives you a snapshot over the last 12 months of important data related to the real estate market in a town. It is important to note that the reported data is approximately 6-8 weeks behind the actual event of the home going under agreement.

Historic Homes Prices

The blue bars represent the average price in the year referenced, the green bars reflect the average home price for each month of the current year. When reviewing this data it is important to note the impact that the First Time Home Buyers Tax Credit had on the data for 2009 and 2010. In towns where the average home price is significantly more than the approximate home price of a first time home buyer then the impact is quite marked due to the increase in First Time Home Buyer activity, whereas in towns where the average home sale price is close to that of the approximate price of a home for a First time Home Buyer we don’t see too much of an impact that the increase in home sales due to First Time Home Buyers has had to the overall average for the town.

Homes Sales

A wealth of information about Belmont as well as over 40 other towns (and a lot more information on buying/selling) can be found on our website www.mapropertiesonline.com (or if you’re on your smartphone – mobile.mapropertiesonline.com) and if you have any questions do not hesitate to contact us.

226 Trapelo Rd, Unit 1, Belmont – Just Listed

Check out this home that we’ve just bought on the market this week. 226 Trapelo Rd, Unit 1 in Belmont – priced at $439,000 this ‘picture perfect’ 2 bedroom, 1 bathroom condo has lots of curb appeal and is located in very desirable Belmont. It has a sparkling, newly renovated in 2014, the kitchen has granite countertops, tile backsplash, breakfast bar island and pantry. Cushing Square is a short walk away, buses to Harvard Square T right outside the door. With beautifully renovated spaces and a great location, this home is perfect!

Open House Sat/Sun (Oct 25/26) 1:00pm-3:00pm.

You can find more info at www.226Trapelo1.com or if you’re on your smartphone mobile.226Trapelo1.com

Myths, Mysteries, and Mistakes of Home Ownership

2015 Sellers Seminars

Unlocking the Myths, Mysteries, and Mistakes of Home Ownership. Join the MA Properties Online team for this FREE seminar where prospective home sellers will learn how market forces affect sale price and how effective strategies can maximize sale price.

Like anything else, success is in the preparation. Its never too soon to find out how to best spend money on your home to maximize its sale price. What brings value when you sell your home is often counter-intuitive.

Before you spend money on your home, learn which home improvements will bring the best returns.

This seminar will help increase the value of one of your largest investments…your home.

The seminars will be held between 6:30pm and 8:00pm at 13 Depot Square, Lexington.

Pizza and light refreshments will be served. Please RSVP by reply email.

Wednesday February 25
Wednesday March 25
Wednesday April 29
Wednesday June 3

Please RSVP to Dani Fleming Email or phone her on (617) 997-9145.

Arlington Statistics – February 2015

The current months statistics for the Arlington real estate market are shown below.

Inventory Levels

If an inventory level graph shows seasonal fluctuations then we know that the market is ‘healthy’ and showing normal activity. If seasonal fluctuations are not obvious then what we are seeing is an ‘unhealthy’ market where foreclosures and short sales have cluttered and hidden the normal trends of the market. Price trends can be learnt from inventory level data – in a ‘healthy’ market with demand greater than supply, prices tend to move up. In an ‘unhealthy’ market where supply far outstrips demand then the trend on prices is down. This follows the normal Supply and Demand market dynamics.

Absorption Rates

Absorption rates can be described as the number of months needed to sell the available inventory at the rate of sales experienced in the previous 12 months IF no additional properties were listing during that time.

So, given the ‘normal’ rate of sales that have occurred over the previous 12 months, and given the number of homes on the market currently, how many months it would take to sell everything that is currently available is known as the absorption rate. We generally say that anything below 7 months supply is ‘healthy’. The absorption rate can be a general rate for a town, for instance, for all single family homes in that town, or it can be more specific and related to price ranges.

Sold/Original Price Ratios

By reviewing the sold to original list price ratio you can get a very good understanding of the health of the real estate market in a town, and the cyclical nature of sales in the town. The number of homes sold, along with the average percentage of the original list price to sales price data, gives you a snapshot over the last 12 months of important data related to the real estate market in a town. It is important to note that the reported data is approximately 6-8 weeks behind the actual event of the home going under agreement.

Historic Homes Prices

The blue bars represent the average price in the year referenced, the green bars reflect the average home price for each month of the current year. When reviewing this data it is important to note the impact that the First Time Home Buyers Tax Credit had on the data for 2009 and 2010. In towns where the average home price is significantly more than the approximate home price of a first time home buyer then the impact is quite marked due to the increase in First Time Home Buyer activity, whereas in towns where the average home sale price is close to that of the approximate price of a home for a First time Home Buyer we don’t see too much of an impact that the increase in home sales due to First Time Home Buyers has had to the overall average for the town.

Homes Sales

A wealth of information about Arlington as well as over 40 other towns (and a lot more information on buying/selling) can be found on our website www.mapropertiesonline.com (or if you’re on your smartphone – mobile.mapropertiesonline.com) and if you have any questions do not hesitate to contact us.

Communities Section of the Website Released

After almost 3 months in development the Communities section of the MA Properties Online website has been released. This brings together all the community information a prospective home buyer might need when they try to decide which town to buy in. Key information includes:

  • School location and ranking data (ranking derived from Great Schools®)
  • Transportation data on Commuter Rail, T, main bus routes and bike-ways
  • Neighborhood data including hospitals,libraries and main named areas within a town
  • The very popular Walk Score® data
  • A synopsis of real estate statistics for a town – including new construction

We’ll be adding content to the section over the coming months, so check back frequently for updates

The section can be found at www.mapropertiesonline.com/community.php (or if you’re on your smartphone – mobile.mapropertiesonline.com/community.html) and if you have any questions do not hesitate to contact us.

Please do let us know if you find the information useful or if you think we should be adding any additional information.

Lexington Statistics – February 2015

The current months statistics for the Lexington real estate market are shown below.

Inventory Levels

If an inventory level graph shows seasonal fluctuations then we know that the market is ‘healthy’ and showing normal activity. If seasonal fluctuations are not obvious then what we are seeing is an ‘unhealthy’ market where foreclosures and short sales have cluttered and hidden the normal trends of the market. Price trends can be learnt from inventory level data – in a ‘healthy’ market with demand greater than supply, prices tend to move up. In an ‘unhealthy’ market where supply far outstrips demand then the trend on prices is down. This follows the normal Supply and Demand market dynamics.

Absorption Rates

Absorption rates can be described as the number of months needed to sell the available inventory at the rate of sales experienced in the previous 12 months IF no additional properties were listing during that time.

So, given the ‘normal’ rate of sales that have occurred over the previous 12 months, and given the number of homes on the market currently, how many months it would take to sell everything that is currently available is known as the absorption rate. We generally say that anything below 7 months supply is ‘healthy’. The absorption rate can be a general rate for a town, for instance, for all single family homes in that town, or it can be more specific and related to price ranges.

Sold/Original Price Ratios

By reviewing the sold to original list price ratio you can get a very good understanding of the health of the real estate market in a town, and the cyclical nature of sales in the town. The number of homes sold, along with the average percentage of the original list price to sales price data, gives you a snapshot over the last 12 months of important data related to the real estate market in a town. It is important to note that the reported data is approximately 6-8 weeks behind the actual event of the home going under agreement.

Historic Homes Prices

The blue bars represent the average price in the year referenced, the green bars reflect the average home price for each month of the current year. When reviewing this data it is important to note the impact that the First Time Home Buyers Tax Credit had on the data for 2009 and 2010. In towns where the average home price is significantly more than the approximate home price of a first time home buyer then the impact is quite marked due to the increase in First Time Home Buyer activity, whereas in towns where the average home sale price is close to that of the approximate price of a home for a First time Home Buyer we don’t see too much of an impact that the increase in home sales due to First Time Home Buyers has had to the overall average for the town.

Homes Sales

A wealth of information about Lexington as well as over 40 other towns (and a lot more information on buying/selling) can be found on our website www.mapropertiesonline.com (or if you’re on your smartphone – mobile.mapropertiesonline.com) and if you have any questions do not hesitate to contact us.

Lexington Dominates niche.com School Rankings

We’re always interested (and so are our clients) in schools rankings but the recently published rankings by niche.com were a real plus for those of us who live in, or are looking to move into, Lexington. The Lexington Public School system completely dominated the Elementary and Middle School rankings for Massachusetts.

Here’s the top 10 elementary schools in MA:

Rank School
1 Joseph Estabrook Elementary School
2 Harrington Elementary School
3 Maria Hastings Elementary School
4 Bridge Elementary School
5 Bowman Elementary School
6 Woodland Elementary School, Weston
7 Baker School, Chestnut Hill
8 Downey Elementary School, Westwood
9 Fiske Elementary School
10 Field Elementary School, Weston

All the elementary schools in the top 10 and filling slot 1 through 5!

Similar results for the middle schools in MA.

Rank School
1 William Diamond Middle School
2 Jonas Clarke Middle School
3 Weston Middle School
4 Heath School, Chestnut Hill
5 Dover-Sherborn Regional Middle School
6 Baker School, Chestnut Hill
7 Bigelow Middle School, Newton
8 Charles E. Brown Middle School, Newton Centre
9 Lawrence School, Brookline
10 John D. Runkle School, Brookline

All the middle schools in the top 10 and filling first and second positions!

And to cap it Lexington High School ranked 3rd after Dover-Sherborn Regional High and Westwood High.

Rankings are, of course, somewhat subjective in how they weight the different aspects of the schools – but getting all the Lexington elementary, middle and high schools in the top 10 and dominating the elementary and middle school rankings is no statistical fluke. Especially when you consider the number of pupils in each of the schools compared to the other well ranked schools. Just look at the high schools.

Rank School Enrollment
1 Dover-Sherborn Regional High School 637
2 Westwood High School 922
3 Lexington High School 1,951

All the details can be found at 2015 Niche Rankings – K-12 School and District Rankings.

School (based on the well regarded GreatSchools.org) and real estate data for over 40 towns (and a lot more information on buying/selling) this can be found on our website www.mapropertiesonline.com (or if you’re on your smartphone – mobile.mapropertiesonline.com) and if you have any questions do not hesitate to contact us.