Boston Real Estate Blog, Boston Condos » MA condo sales

Witches and Massachusetts Real Estate

John Ford — Sat, 22 Jan 2011 19:29:39 +0000

Witches In Real Estate

Well, I never once thought I’d write about witches in real estate, but the Wall Street Journal video below shows how foreclosure buyers in Massachusetts are using witches for house cleansings.

The rest of the country must think we’re nuts.

Massachusetts realtors/brokers survey

John Ford — Tue, 04 Jan 2011 14:15:16 +0000

After an up-and-down year which saw sales, and optimism, surge in the spring only to suffer setbacks in the fall, realtors, brokers and others on the residential side of the market are showing guarded optimism for 2011 according to Banker & Tradesman Realtor survey. Here are more detailed results from what we reported yesterday.

Overall economic outlook:

60% of Realtors expect moderate improvement.

22% forecast the economic climate to be the same.

15% fear it will decline.

3% uncertain

————-

Massachusetts single-family home sales:

45% of respondents predict a moderate increase,

38% expect about the same as last year.

17% leaning towards a decline in single-family home sales.

———–

Massachusetts multi-family home sales:

44% forecast an increase in multi-family home sales.

40% about the same as last year.

16% leaning towards a decline in home sales.

————-

Massachusetts condo sales

28% forecast a modest increase in condominium sales.

50% predict it will reamin the same.

22% lean towards a decline.

Massachusetts home sales year-to-date data

John Ford — Wed, 29 Sep 2010 13:18:16 +0000

Massachusetts home sales over the first eight months of 2010 are up more than 9 percent over the comparable period in 2009. In addition, the median price of a single-family home is up 3.9 percent in August to $315,000 from $303,000 a year earlier.

On a month-to-month basis, condominium sales were up 13.2 percent compared to the 1,218 units sold this past July.

Condominium median selling prices in August were up 9.2 percent from $279,000 in 2009 to $304,700 in August 2010. This is the fourth straight month of year-over-year increases. On a month-to-month basis, the median selling price of a condominium was up 6.5 percent from a July 2010 median of $286,000. This is the first time that the median price for condominium has gone over $300,000 since the massachusetts Association of Realtors has tracked median prices.

File under: This will make sellers happy.

Massachusetts pending home sales drop in August

John Ford — Tue, 07 Sep 2010 17:12:27 +0000

The Massachusetts Association of Realtors says pending single-family home sales dropped by 10 percent in August, compared with last year.

But the group’s president, Kevin Sears, says a federal tax credit inflated last year’s sales, making that 10 percent drop less worrisome.

Excerpt from the Massachusetts Assoc. of Realtors:

The number of condos put under agreement in August was down 19 percent compared to August 2009 (1,770 units in 2009 to 1,435 units in 2010). On a month-to-month basis, condos put under agreement were down 2.1 percent from 1,466 units in July. This is the first single-digit decrease after three straight month-to-month double digit decreases.

Read more from the Massachusetts Assoc of Realtors

Over 50% MA Real Estate Sales – 1st Time Buyers

Ford Realty — Wed, 10 Feb 2010 18:29:51 +0000

According to a new study 50% MA home buyers in 2009 were made by first-time buyers.

February 10, 2010 – A new study on Massachusetts home buyers and sellers found that over 50 percent of all homes purchased in the Bay State in 2009 were made by first-time home buyers (compared to 47 percent nationally). This is up five percent from 2008. The data is from the 2009 Massachusetts Profile of Home Buyers & Sellers, compiled by the National Association of Realtors® (NAR), on behalf of the Massachusetts Association of REALTORS® (MAR).

Read the full Ma real estate study

Perhaps that $8,000 tax credit was better than I thought.