The Times are CHANGING!

    Tuesday, February 16, 2010, 08:23 AM [General]

    Well, everything goes in cycles, what goes down must come up…..

    There have been signs of a bounce back in the housing market in the Metro West area of Boston for quite awhile but the most recent activity is virtually unmistakable.  Last week in Lexington, several new single family listings hit the market with a BANG!  Last weekend was a weekend of multiple offers.  WOW!  On one new listing there were 13 offers!

    There is no doubt that any buyer that is standing on the sidelines waiting for the market to “hit bottom” or who may be looking for a bargain, it is starting to become very clear that that time has passed.  If you are hoping to buy in the near future, therefore, it is time to get going and get prepared.  Be ready to act quickly and aggressively in this housing market.

    Start your search!  Be ready to hop right in when the “right” house presents itself to you.  If a competitive situation presents itself you will have to act decisively.  Put your best offer in right away…..Highest with the most favorable terms to the seller.  Keep in mind you will likely have to go over the asking price!  Good Luck!  Here are recent statistics from the MLS pin system for Lexington and the surrounding towns as of 2/16/2010:

     

    Lexington

    Single Family Listings: 105     Average List Price: $1,248,609     Average Market Time: 166.09

    Bedford

    Single Family Listings: 24     Average List Price: $668,174     Average Market Time: 81.83

    Concord

    Single Family Listings: 65     Average List Price: $1,401,248     Average Market Time: 151.34

    Winchester

    Single Family Listings: 57     Average List Price: $1,226,158     Average Market Time: 175.82

    Arlington

     Single Family Listings: 38     Average List Price: $586,167     Average Market Time: 139.05

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    Real Estate Investing Webinar!

    Tuesday, January 5, 2010, 12:41 PM [General]

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    Leave a Comment | View All Comments

    Hello Susan, I have been doing Great Thank you for asking. The market here in Las Vegas is not flooded with Bank Owned Homes at least they are not yet listed. Bank Owned properties only account for 22% of our current inventory but 80% of monthly sales are bank owned. Last month we set a record for the number of homes Sold in one month. There was over 4,700 homes homes sold in the month of June. We are expecting to see more REO properties to hit the market but Im just not sure when the bank will release more of there inventory.

    Take care

    Makea Turner
    July 31, 2009
    07:38 PM CST

    Hi Susan, I'm very new to real estate sales. In addition to working closely with my broker, I'm trying to learn everything from developing prospects to identifying software that will help me (on a shoestring budget) along with any online reading material that may help me to refine my skills and knowledge.

    Glenn
    June 06, 2009
    12:47 AM CST

    Always appreciate your comments, I need to do that more...I read ,more than I comment...thanks for being a great networker.
    Yes, our market has picked up momentum since last Summer. We wemnt fro 15 months of inventory to just under 6 months worth in about 14 months (sinca last January '08).

    Keep selling and continued success!

    Thomas J
    April 27, 2009
    10:50 AM CST

    Ok here comes the crossfire;

    Open houses are taking place online every day in our buyers' bedrooms, at their kitchen tables and offices, utilizing photos and virtual tours and MLS-based websites, etc.

    The traditional "open house" is old school real estate clinging to the past. I know, I know...since 1989 've done my share of them too and I'm a third generation Realtor (our family are Realtors since 1953)so I am quite traditional in many ways. But let's be real...

    We all know they are to meet buyer and future neighbor sellers, they are not designed to sell the house.

    I rarely do them for the public since 2007, I always do them for the broker tour though and I allow the pubic access on those days.

    When you work by referral,time is better spent with 2009 marketing ideas and servicing your past and present clients...in my bold-humble opinion.

    Thomas J
    April 05, 2009
    10:14 AM CST