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 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. 

Buy or Rent? Must Ask Questions To Help You Decide

Whether you should buy or rent a home depends on your wants, needs, priorities, short and long term goals. Given the option, most people still prefer to own, especially these days when rents have gone up and mortgage rates have gone down. The decision is not only financial, but in fact, most people buy for quality of life reasons.

Here are some must ask questions to answer before you decide:

1)      What are your short and long term plans?

2)      What type of house do you want?

3)      What community do you want to live in?

4)      What is the upfront cost?  Down payment that goes toward the purchase price vs. security deposit, first and last month rent, rental agent fee.

5)      What is the actual after tax cost?

6)      How often do you want to move? A landlord can decide to sell the property at the end of your lease term end do you want to move after a year? What if you have children in school and there aren’t any rentals in that school district?

7)      Do you have a pet(s)? Many landlords do not allow any pets.

8)      How important is control over your living space?

9)      Do you like to decorate? You can’t change a rental; and why would you want to spend money on someone else’ property?

10)   How do you feel about paying your landlord’s mortgage/expenses, building some else’ wealth?

Ask a question, Search for Homes, Get market information about Wayland, Sudbury, Maynard, Stow, Acton, and more...

Maynard Real Estate - Sales Up; Prices and Inventory Lower

Closed and Pending Sales were higher in August 2012
than in 2011; Sales also up Y-T-D

Summary: The number of closed sales of single family homes in Maynard continues to increase over 2011. Median and average sale prices were lower than in 2011. And, the number of homes on the market continues to decline. Lower prices make this a good time for buyers; while fewer homes for sale make this a good time for home sellers as long as they price their homes correctly.
Current: There are 49 single family homes for sale in Maynard; last year there were 62. The median list price is $284,900; the average is $278,440. Last year at this time the median list price was $282,400; the average was $296,141. Click to see current homes for sale in Maynard.
Pending Sales: Pending sales were up in August. There were 14 single family homes in Maynard sales pending in August 2012; up from 8 in August 2011. The median list price for sales pending was $324,900; last year it was $327,450.
Closed Sales August 2012: there were 12 closed sales during August 2012; up from 7 during August 2012. The median sale price was $231,500. The median sale price in August 2011 was $355,000.
Y-T-D through August 31, 2012: Closed sales were up in Maynard for the first eight months of 2012; there were 74 up from 63 for the same period in 2011. The 2012 median sale price was $269,750; 10.3% less than in 2011.
Condominiums (Including Townhouses and Garden-style): Condominium sales and prices were up in Maynard during August. There were 3 closed sales; there were 2 in August 2011. The median price was $203,900; up from $179,500 in August 2011.
Year-to-date sales and prices are both lower than last year. 15 closed sales compared with 19 for the same period in 2011. The median price was $195,000; down from $244,000. Click for condominium listings in Maynard.

Current: there are 16 condominiums for sale in Maynard with prices ranging from $49,900 for a bedroom garden apartment-style to $349,999 for age restricted new construction townhouses. Prices at the established townhouse communities of Deer Hedge Run, Apple Ridge and Oak Ridge range from $199,000 to $238,000 – townhouses those developments were selling for over $300,000 during the peak, so they are an excellent opportunity for buyers looking for easy living.
See the latest report from the Greater Boston Association of Realtors.
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Get the latest market reports for Maynard, Sudbury, Wayland, Acton, and Stow MA at www.MarilynMessenger.com.