The following are some statistics I think readers of this blog will find interesting. Excerpts from the Massachusetts Association of Realtors:

Fifty-four percent of all buyers believe that their home purchase was a better financial investment than stocks (compared to 47 percent in 2008); with an additional 29 percent of buyers feeling their home purchase was at least as good an investment as stocks.

The study showed that 92 percent of Massachusetts home sellers chose to work with a real estate professional, which is seven percent higher than the 85 percent national average. Only five percent of sellers attempted to sell their home without the assistance of an agent or broker. This is much lower than the national share of 11 percent. Of those “For-Sale-By-Owner” (FSBO) sellers, about 20 percent knew the buyer prior to the sale.

The median age of the home seller was 44 years (which is down from 47 years in 2008) and they had a median income of $113,500. The typical seller owned their home for eight years. Fifty-percent of home sellers reported the main reason for deciding to sell was either a change in family situation (e.g., marriage, birth of child, divorce) or their home was too small. Only six percent reported selling their house because they could not afford the mortgage and other expenses of owning a home.

When it came to selling, 38 percent of home sellers did not reduce their asking price before the home was sold. Recent sellers typically sold their home for 94 percent of the listing price. Twenty-three percent of sellers did offer incentives to attract buyers compared to 42 percent nationally. Most often that assistance was applied to closing costs and home warranty policies.

I thought it was interesting that over 50% of new homebuyers feel purchasing real estate was a better investment than buying stocks.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

Comments

comments

Call Now