Monthly Archives: September 2015

Lexington – Real Estate Update

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.

Home Sellers Seminar

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 8:30pm at 13 Depot Square, Lexington.

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

Thursday September 24
Thursday October 29
Thursday November 19

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

2416 Mass Ave, Lexington – Just Listed

Check out this home that we’ve just bought on the market this week. 2416 Mass Ave, Lexington – priced at $739,000 this home will welcome you to a lifetime of comfort and quality. Immaculately maintained and inviting, 2416 Massachusetts Avenue is a true haven for its new owners. From the open plan living room and dining room, to the renovated kitchen with decorative ceramic floor tile, granite counters, and stainless steel appliances, this home is lovely.

Open House Sat/Sun (Sep 12/13) from 1:00pm-3:00pm.

The MA Properties Online team is the GOLD standard when it comes to marketing your home. Professional quality photographs, video, floor plans, and high quality print adverting at the open house and to potential buyers targeted based on the property type and price point. To this we now add the 3D Showcase – an online experience that lets home buyers move through a property and see it from any angle. We just completed it for this property – to interact with the model of 2416 Mass Ave click the image below.

You can find more info at www.2416MassAve.com or if you’re on your smartphone mobile.2416MassAve.com