Maynard Mid-Year Market Report

Happy Home-Sellers in Maynard!

 Good news for home-owners in Maynard! Sales and prices are both higher for the first half of 2016 than for the same period in 2015.

Sales and prices were both up in Maynard for the first six-months of 2016 compared with the same period in 2015. There were 59 closed single-family home sales in 2016; 49 in 2015. The median sale price was $341,000 up from $325,900 for the first half of 2015.

The condominium market, including resales of townhouses and new construction, was also stronger in 2016. There were 23 closed sales between 1/1 and 6/30/16, up from 11 for the same period in 2015. The median sale price of $255,000 was also higher than in June 2015.

Click here to see the full market report for Maynard and the nearby towns of Concord, Sudbury, Wayland, and Stow MA.

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About the author: Marilyn Messenger has been representing home sellers and buyers in Maynard and the towns west of Boston since 1993. She is a licensed real estate broker, Certified Residential Specialist and Accredited Buyer Representative associated with Andrew Mitchell and Company, Concord. Her clients appreciate her responsiveness, attention to detail, and her knowledge of the area and her project management approach to the home-buying and selling process. Click here to see what clients say.

Contact Marilyn at marilynmessenger@realtor.com or call 508-596-3501 to start planning your move.

Maynard MA: More Opportunities for Home Buyers!

The number of homes for sale in Maynard has increased substantially from last year at this time. There are 35 single-family houses for sale and ten condominiums (on MLS) for sale.

Prices for single-family homes in Maynard range from $126,000 to $579,000; the median list price is $329,900 exactly the same as it was one year ago. The median sale price year-to-date though October 31 was $335,000; $10,000 more than for the same period in 2014.

Prices for condominiums including garden-apartment style, townhouses at the established communities of Deer Hedge Run, Oak Ridge, and Apple Ridge, and new construction townhouses, range from $155,000 to $399,000. Condominium living is often a good choice for first-time home buyers, down-sizers, and anyone who is looking for easy living where someone else does the shoveling, landscaping, etc.

Click here to see the full report and visit www.marilynmessenger.com to see homes for sale in Maynard, see market reports for nearby towns - Sudbury, Concord, and Stow MA.

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About the author: Marilyn Messenger is a Maynard resident and has been serving on town Boards and committees, including the Maynard Planning Board, the Zoning Board of Appeals, and the Pilot Planning Committee. She has also served on the Board of Trustees at Deer Hedge Run. As a licensed real estate broker, Certified Residential Specialist, and Accredited Buyer Representative she has helped home buyers and sellers achieve their housing goals for more than 20 years. Contact Marilyn at marilynmessenger@realtor.com or visit www.marilynmessenger.com to see what her clients say.

Maynard Real Estate - Home Sale Price up 18.5% in May!

Happy home sellers in Maynard during May saw an 18.7% increase in the median home sale price
over May 2013.  The median sale price of a single-family house in Maynard during was $347,450; the median year to date is $312,500.

As in most places there are fewer homes for sale in Maynard in 2014 and it is not unusual to see properties getting accepted offers in just a few days; multiple offers/bidding wars are becoming the norm, and more houses are selling at or above list prices. They days of getting a deal are replaced by buyers being happy they got the house! See Homes for Sale in Maynard.

The condominium market also saw price appreciation although the number of units sold has remained pretty flat. The median price for a townhouse in Maynard was $255,000, an increase of 21.4%.

Increased competition among home buyers has made it crucial for home buyers to be prepared not only by being pre-approved for a mortgage but being emotionally ready to commit to the process and move quickly; there's no time for second-guessing. An experienced buyer agent/broker can make sure you understand the and the buying process so that you are confident with your choices and decisions.

The condominium market also saw price appreciation although the number of units sold has remained pretty flat. The median price for a townhouse in Maynard was $255,000, an increase of 21.4%.

If you're thinking about selling your house in Maynard, low inventory makes this a good time to go on the market. Call 508-596-3501 to talk about how to get your house sold.

Visit www.MarilynMessenger.com to search for homes and get the latest market reports for Maynard, Wayland, Sudbury, Stow, and Concord.
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About the author: Marilyn Messenger is a licensed real estate broker, Certified Residential Specialist, and Accredited Buyer Representative associated with Andrew Mitchell and Company in  Concord and has been representing home sellers and buyers in the Maynard area for 21 years. She is a top recommended broker on Trulia.

She is an active member of the Maynard community as a current member and former Chair of the Zoning Board of Appeals and a past member of the Planning Board for 15 years. She also served for 2 years on the Board of Trustees at the Deer Hedge Run Condominiums. Contact Marilyn at 508-596-3501 or email marilynmessenger@realtor.com. 

Maynard Real Estate - Rental Condo SOLD!

 

Last October a homeowner that I connected with on LinkedIn asked me to sell her condominium at Stonebridge Narrows, 10 Mill Street in Maynard. After reviewing recent sale prices she decided that it made more sense for her to rent the condo instead. She listed it for rent mid-November and within a couple of days someone who was planning to relocate to the Maynard area agreed to rent it site unseen. She sent her application and paid for a credit and background check. Everything was fine and the next step was to prepare the lease. And then she changed her mind! I am always a bit suspect when someone agrees to rent (or buy) home they haven't visited, so it wasn't really a big surprise.

Market activity dropped off toward Thanksgiving and into December and the owner lowered the rent which stimulated activity again. Unfortunately, a lot of potential tenants were either looking for short-term rentals, had pets, needed additional parking, had poor credit, or else they wanted everything brand-new and completely updated

One day a woman who had sold her house called and asked me if the owner would
be willing to sell the unit instead of renting. She really wanted to buy in Maynard but there were so few condos for sale in town that she just wasn't finding anything in her price-range. She really liked the location of the building and especially the river views. She was a cash buyer and offered a very quick closing and was very persistent! After negotiating the price and all of the details (buying a condo is different than buying a single-family house), the parties finally agreed on a price and in approximately three weeks, the sale closed. Seller and buyer were both very happy with the outcome!

The number of condominiums and houses for sale in the Maynard area is extremely low. While it is frustrating for people who want to buy a home - as in this case, they are even calling on rentals, it's a great time to be a seller! If you're thinking about moving, this is the time to get your home on the market. Waiting for spring will only bring more competition for you. Click here request a home evaluation report.

 

Townhouse Prices at Deer Hedge Run, Apple Ridge, and Oak Ridge (Maynard) on the Rise!



Deer Hedge Run, Deer Path, Maynard MA

Here is the latest market information for Deer Hedge Run, Apple Ridge, and Oak Ridge, three established townhouse condominium developments in Maynard. The data is for the six month period ending on 8/14/2013. Six months is the period of time that lender/bank appraisers use for new purchase mortgages and refinancing.

Deer Hedge Run

There were 5 closed sales at Deer Hedge Run during the past 6 months. Sale prices ranged from $189,950 (non-MLS listing) to $242,000 for a townhouse that sold in June for $195,000 that was 2 finished levels. The new owner finished the third floor loft and flipped it for $242,000. The average price was $213,190. Last year for the same period the average sale price at Deer Hedge Run $199,275.

Currently, there are 3 townhouses listed for sale. List prices range from $219,500 to $249,000. Two of these units already have accepted offers with contingencies so really there is only one that is fully active; that is that is listed for $249,000.

Deer Hedge Run is conveniently located off Route 62 in Maynard, near the Acton, Concord, Sudbury line, just minutes from Routes 117 and Route 2. Beautifully sited on 37+ private acres with mature landscaping, residents enjoy a community pool, tennis court, and clubhouse with living room, dining room, kitchen, and fitness room. Visit www.DeerHedgeRun.com for additional photos and information or call Marilyn at 508-596-3501 to find out what's going on at Deer Hedge Run.

 

Apple Ridge

Apple Ridge is a similar townhouse development in Maynard that was built by the same developer. It is located off of Summer Street near Stow, with easy access to Route 117. There was one closed sales during the past six months; a unit that had four finished levels and was completely updated with high-end finishes sold for $285,000. Last year there were no closed sales at Apple Ridge for the same 6 months. Currently, there are 2 units with sales pending.

Oak Ridge

Sale prices at Oak Ridge, also built by Hayes Development of Concord MA, located off Waltham Street near the Sudbury line, were also higher this year. Call 508-596-3501 for more information.



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Maynard (MA) Housing Market Makes a Comeback in May!

Median sale prices for closed sales in Maynard during May 2013 improved dramatically from May 2012. Here is a chart showing median sale prices for single-family homes in May 2009 - 2013.

The number of homes sold in May was also higher and as in most places, the number of homes currently for sale in Maynard is substantially lower than last year at this time. Real estate prices are all about supply and demand and lower inventory is causing homes that are priced correct to sell quickly, sometimes generating multiple offers and sale prices over asking.

There are also fewer condominiums for sale. Sales activity at the Deer Hedge Run, Apple Ridge, and Oak Ridge townhouse developments has picked up.

Visit www.MarilynMessenger.com for the full report and to view a SlideShare presentation showing median sale prices for the nearby towns of Concord, Stow, Sudbury, and Wayland.
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Interest rates are going up again so now is the time to make your move. Whether you are a buyer, seller, or both having the right agent/broker navigating you through the process and negotiating on your behalf will make a big difference. Call Marilyn Messenger at 508-695-3501.

Connect with Marilyn Messenger on Google+

"Fiscal Cliff" Real Estate Extenders

"Fiscal Cliff" legislation passed. Here are some of the details that effect real estate (from the National Association of Realtors website). Good news for most homeowners, especially people who are in need of a short sale or are going to end up in foreclosure, and people who are planning to buy a home.

Real Estate Tax Extenders:

• Mortgage Cancellation Relief is extended for one year to Jan. 1, 2014
• Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012
• 15-year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012
• 10 percent tax credit (up to $500) for homeowners for energy improvements to existing homes is extended through 2013 and made retroactive to cover 2012.

Click here to see more details and please contact me if you have questions about home buying or selling.

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