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.

 

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+

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.
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Get the latest market reports for Maynard, Sudbury, Wayland, Acton, and Stow MA at www.MarilynMessenger.com.

Maynard Real Estate - Housing Market Update

Summary: The number of closed sales of single family homes in Maynard continues to increase over 2011. Median and average sale prices were be lower than in 2011. And, the number of homes on the market continues to decline.
 
Closed Sales July 2012: there were 16 closed sales during July 2012; double the number sold during July 2012. The median sale price was $277,700; the average was $296,888. The median in July 2011 was $331,250; the average was $344,225.

Pending Sales: There were 12 single family homes in Maynard that went pending during July 2012; up from 8 in July 2011.

Y-T-D through July 31, 2012: Closed sales were up in Maynard for the first seven months of 2012; there were 61 up from 56 for the same period in 2011. The 2012 median sale price was $277,500; the average was $277,475, both less than in 2011. The 2011 median sales prices was $300,350; the average was $326,646.

Listings and price reductions: 109 single family homes came on the market between January 1 and July 31, 2012 and there have been 51 price reductions. For the same period in 2011, 105 came on the market and 58 had price reductions.

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 all the current listings in Maynard.

Condominiums/townhouses: There was only 1 closed sale in July 2012, there were 4 in July 2011. Sales for the first seven months of 2012 were also less – 12 compared with 17 in 2011.

Sale prices: sale prices for condominium were also lower. The median sale price during July 2012 for a condo or townhouse in Maynard was $233,000; only one sold so the average was the same. The median sale price in July 2011 was $247,500; the average was $227,000.

Current: there are 18 condominiums for sale in Maynard with prices ranging from $149,900 for a 2 bedroom garden style to $349,999 for new construction townhouses. Prices at the established townhouse communities of Deer Hedge Run, Apple Ridge and Oak Ridge range from $185,000 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. Click for condo and townhouse listings in Maynard.

Visit www.MarilynMessenger.com for the latest real estate information and market reports for Maynard, Sudbury, Wayland, Stow and west of Boston. Ask a question.  Search for homes.

Maynard Real Estate - Home Sales Mixed; More Sales Lower Prices

Single family homes: There are currently55 single family homes for
sale in Maynard; down from 58 a year ago.  List prices range from
$79,900 to $469,900. The median list price is $289,900; the average is
$283,105. Last year at this time the median was $299,450 and the
average was $302,299.

Of the 55 homes for sale, 10 properties already have accepted offers
and are being kept active until contingencies are cleared.
Additionally, 13 single family properties went pending in May, 13 went
pending in May 2011. The median list price for sales pending is
$309,900; last year it was $279,900. These sales will close in the
next month or two and we will know the sale prices when they close.

Closed Sales May: The good news is that there were 8 closed sales of
single family homes in Maynard during May, twice as many as in May
2011. However, the median sale price of $212,250 was lower than in
April 2011 when it was $246,000.
Closed Sales Year-to-date (1/1 – 5/31): There have been 29 closed
sales for the first five months of 2012, exactly the same as for the
same period in 2011. However, sale prices were substantially lower
this year. The median sale price was $230,000, the average was
$236,086. Last year the median was $300,000 and the average was
$319,878.
Price adjustments: There have been 61 price reductions on 42 single-
family homes in Maynard during the past 3 months. The average
reduction was -5.82%.
Condominiums and Townhouses: There are 20 condominiums on the market
in Maynard; last year at this time there were 22. List prices range
from $79,900 for a garden apartment style condo to $320,000 for over
55 new construction townhouses.  The median list price is $222,450;
slightly higher than last year when it was $221,950.

Prices at the established townhouse communities Deer Hedge Run, Apple
Ridge, and Oak Ridge range from $189,900 to $239,000.These townhomes
were selling for over $300,000 during the peak, so they are especially
good deals for buyers looking for easy living.
Closed Sales Year-to-Date (1/1 – 5/31): There have been 10 condominium sales
during the first 5 months, last year there were 11 for the same
period. The median sale price Y-T-D for 2012 is $190,750; last year it
was $245,000, so it is interesting that current list prices are higher
than they were last year. Sellers really need to be realistic about
pricing if they want to sell; buyers, this is a great time to buy a
condo or townhouse in Maynard!

 Click here to search for homes in Maynard.
 Ask a question.

Maynard Real Estate Update - Good Opportunities for Buyers!

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Single Family Homes: Current list prices for single family homes in Maynard range from $110,000 to $524,900; the median price is $269,450 - down from $300,000 last year; the average price is $288,023 - down from $328,494 last year at this time. There are 46 homes on the market. As in most other towns in the area, the market is very active because of the warm weather and low interest rates and of the 46 homes for sale, there are 8 that already have accepted offers. Last year there were 34 single family homes for sale. More inventory and lower prices combined with amazingly low interest rates make this a great time for buyers who would like to live in Maynard.

There are 11 single family properties with sales pending.

Closed Sales: January and February sales were down substantially from the first two months of 2011; only 9 compared with 17. And, sale prices were also lower. The median sale price was $230,000; the average was $225,889. The median sale price for the same period in 2011 was $321,000; the average was $329,865. On average, it took more time to sell – 130 days compared with 110 days.

While median and average price information is useful, it does not mean that every property value went up or down by the same amount or percent. Maynard had some good year-end opportunities in the lower ranges that buyers to advantage of; the average list price for homes with recently accepted offer is back up to $322,300.

Condominiums and Townhouses: There are only half as many condominiums including townhouses for sale in Maynard as there were last year at this time; 7 compared with 14. Median and average list prices are just about the same; the median is $239,999 and the average is $240,542


Sales of condomiumiums and townhouses for January and February were flat; only 6, last year there 7. And as with single-family homes in Maynard, sale prices were lower. The median sale price was $190,450; the average was $184,733.


Click here to search for homes in Maynard.

Ask a question.

Deer Hedge Run Townhouses

Market Condition Reports for Wayland, Sudbury, Maynard, Stow & Acton Massachusetts

Maynard Real Estate Update - September Homes Sales Up; Q3 Sales Flat!

Ask a question         Search MLS home listings



New Price: $199,900
Deer Hedge Run Townhouse
Click for details and photos

Single Family Homes: Good opportunities for buyers who would like to live in Maynard.  List prices for single family homes in Maynard range from $95,000 to $495,000; the median price is $269,000 - down from $321,450 last year; the average price is $288,749 - down from $332,985 last year at this time. There are 61 homes on the market; up from 54 last year. There are 7 single family properties with sales pending. The average price for sales pending is $289,014. Closed sales: There were 9 closed sales of single family homes in Maynard during September 2011, up from 6 during September 2010. Median and average sale prices were also higher. The median sale price was $339,000; the average was $300,111. Sale prices for Q3 were also up from the third quarter of 2010; however, the number of homes sold was exactly the same at 24.

While median and average prices show some general trends, they do not indicate that every house has increased or decreased by the same amount. Sellers who want to move before winter market need to make sure their property is positioned properly to attract the maximum number of potential buyers in the current market.
Condominiums and Townhouses: For anyone looking for easy living there are a total of 19 condominiums and townhouses for sale in Maynard. Prices range for condos and townhouses in Maynard range from $119,900 to $320,000. New construction prices for over 55 townhouses range from 300K to 320K; resale prices at the established townhouse developments of Deer Hedge Run, Apple Ridge and Oak ridge range from $195,000 to $219,900. At the peak these townhouses were selling as high as the $320s so they are a great deal in the $200s.
Maynard offers more affordable options for buyers than the surrounding towns of Sudbury, Acton, Concord, and Stow. First time home buyers moving from the Cambridge, Waltham, Arlington area are attracted to the active downtown with its variety of specialty shops and restaurants, arts, and movies as well as the variety of opportunities for outdoor activities including walking, hiking, golf, fishing, canoeing. Maynard also has approved the construction of a new high school. If you haven't been to Maynard, come see what you're missing!
Click here to search complete MLS listings with addresses and maps; news and information and market reports for Sudbury, Stow, Maynard, and Weston MA; or you can search on Facebook at Living West of Boston. (Please "like" us first, thanks!)
Data source: MLSPIN (Multiple Listing Service Property Information Network.

Is Condo Living Right For You? Read the Rules Before You Buy!

“There are no exceptions to the rule that everybody likes to be an exception to the rule.” Charles Osgood


Prices for condominiums and townhouses have dropped significantly over the past couple of years and buyers are starting to find the opportunities in Maynard and the towns west of Boston, very attractive; especially at the established communities at Deer Hedge Run, Apple Ridge, and Oak Ridge. Condominium living is exactly the right lifestyle for a lot of people. If you are a first time home buyer, you can generally get more living space for the same price as a single-family home, developments tend to be newer, and some offer amenities such as swimming pools, tennis courts, fitness centers. If you’re just too busy or not interested in working around the house, owning a condo may be for you; the exterior maintenance is taken care of by the homeowner association so you don’t have to be concerned about painting, landscaping, snow plowing, roof replacement, etc. – the benefits of home ownership without the work!

A lot of empty nesters also like the idea of simplifying and having someone else take care of things, especially after this past winter! Wouldn’t it be nice to just lock the door and go somewhere warm next winter without having to worry about anything? Sounds perfect if you’re someone who wants easy living; doesn’t mind having close neighbors; is ok with letting other people make decisions for you or is willing to volunteer to be on the Homeowners Association Board, and won’t mind trading some personal freedoms in return for convenience.

Buyers know that condominiums/homeowner associations have rules that govern the community and offers to purchase a condominium should include a contingency that says the offer is subject to satisfactory review/acceptance of all documents… Most HOA (Home Owner association) rules are pretty standard, and your attorney can tell you which ones you can expect to find in most places, however, communities can and do amend the rules over the years so rules can vary. Parking and pets seem to be the biggest issues but there may also be rules holiday decorations, gardening, decks, facility usage; bicycle and baby carriage storage, some have selling and rental restrictions – these days many developments will not allow investors … Some associations dictate what vendors you can use to replace the windows – yes, units owners are often responsible for windows, doors; know what you will be responsible for.

The lender will review the budget and send a questionnaire asking about the overall well being of the development – i.e. number of owner occupied units, if there are any pending lawsuits, special assessments; but as the buyer, it is really important for YOU to read the rules. Only you can know if you’ll be comfortable living by the rules that govern the condo development you’ll be sharing; and the best time to do that is before you make an offer. Once you accept the condominium rules (or not) you can move forward and enjoy the lifestyle that’s right for you!

About the author: Marilyn Messenger, CRS has sold dozens of condominiums and townhouses (new and resale units) in Sudbury, Wayland, Maynard, and the towns west of Boston since 1993. As townhouse owner and former Board of Trustees Member at Deer Hedge Run, she knows how first-hand about buying and selling condominiums and about condo living. Ask Marilyn at 508-596-3501 or marilynmessenger@realtor.com. Search for homes at http://www.marilynmessenger.com/.

Real Estate Market Conditions - Buyers Recognizing Good Values in Maynard!

The spring market is very busy in Maynard. Buyers are recogizing good values and taking advantage of low interest rates. Here is a summary of what's going on in the Maynard real estate market.

List prices for single family homes in Maynard range from $145,000 to $580,000; the median price is $299,000 - up 10K from last year; the average price is $308,528 - up approximately 2K from last year at this time. There are 55 homes on the market; exactly the same number as last year. The spring market in Maynard is very active with 13 accepted offers, 8 of which went in 20 days or less; and there are also 9 properties with sales pending. The average list price for homes with accepted offers is $307,915; the average price for sales pending is $358,856.

First quarter sales in Maynard held steady with 21 single family homes sold, one more than during Q1 of 2010 and the good news for sellers is that both the median and average sale price was higher this year. The median for Q1 2011 was $317,300; the average was $327,760. The median sales price for Q1 2010 was $284,450; the average was $304,030.



After this challenging winter we just had, more people are considering condominiums. For anyone looking for easy living, there are some excellent townhouse condominiums for sale in Maynard. Prices range from $89,000 for short sale needing lender approval to $323,000 for new construction in an over 55 townhouse development. Prices at the established townhouse developments of Apple Ridge, Oak Ridge, and Deer Hedge Run start at $229,000. At the peak these townhouses were selling up to the $320s so they are an excellent value in the $200s. There were 6 condominiums sold during the first quarter of 2011, one more than during Q1 of 2010. The median price was $252,000; it was $268,000 last year.



Maynard offers more affordable options for buyers than the surrounding towns of Sudbury, Acton, Concord, and Stow. First time home buyers moving from the Cambridge, Waltham, Arlington area are attracted to the active downtown with its variety of specialty shops and restaurants, arts, and movies as well as the variety of opportunities for outdoor activities including walking, hiking, golf, fishing, canoeing. Maynard also has approved the construction of a new high school. If you haven't been to Maynard, come see what you're missing!



Mortgage interest rates are still low but are starting to edge up; anyone who would enjoy living in Maynard should make their move soon before purchasing power erodes further. Visit www.marilynmessenger.com to search complete MLS listings with addresses and maps; news and information and market reports for Sudbury, Stow, Maynard, and Weston MA. Facebook users - "like" and search without leaving FB at www.facebook.com/livingwestofboston.

Data source: MLSPIN (Multiple Listing Service Property Information Network.

Maynard Real Estate - Houses Selling Faster!

Welcome to the Maynard MA Market Conditions report.


There are currently 38 single-family homes on the market in Maynard compared with 27 at this time last year. However, 9 of the 38 properties already have accepted offers waiting for contingencies to clear. There are also 9 homes with sales pending.

The median list price is $286,400, down slightly from last year; the average list price is $312,190, up a bit from last year. Average time on the market is down significantly from last year - 96 days compared to 195 days.

For anyone looking for easy living, there are there are 16 condominiums/townhouses available in Maynard; last year at this time there were 23. Prices range from $159,900 for apartment style condos to $339,900 for new townhouses. Prices at the established townhouse developments of Apple Ridge, Oak Ridge, and Deer Hedge Run range from $239,900 to $289,900.

Maynard offers more affordable options for buyers than the surrounding towns of Sudbury, Acton, Concord, and Stow. The extended home buyer tax credit, which now also includes $6,500 for many existing home owners who would like to move up, move down or move sideways to easier living or another location, should help more buyers and sellers take advantage of all that the town of Maynard has to offer.

To find out what homes are available in Maynard and the nearby towns west of Boston, visit http://www.marilynmessenger.com%20your/ on-line source for real estate listings, news and information or call Marilyn Messenger at 508-596-3501 for personal real estate services.

*Data Source - MLSPIN (Multiple Listing Service Property Information Network.)

Maynard Real Estate - 2009 Sales Up!

Welcome to the Maynard MA Market Conditions report.


First a recap of 2009: sales of single-family homes in Maynard during 2009 were up 23.6% over 2008 sales – 94 compared to 76. The median sale price was $280,000 – down by 10% from 2008. Lower prices made for faster sales – the average time on the market was 105 days; 27% fewer days than in 2008.

There were only four closed sales for single-family during December 2009 in Maynard MA; down from six during December 2008; while both median and average sale prices were up – the median sale price during December 2009 was $391,450; the average was $367,725 and the average time on the market was only 80 days.

Currently, there are fewer single-family homes on the market in Maynard than last year at this time; only 2, 2 of which already have accepted offers and are being shown for backup offers. Last year there were 31 single family homes available in Maynard.

List prices range from $111,000 to $519,900. The median list price is less than last year - $284,900 vs. $299,900; the average price is higher - $322,515 compared with $304,048.

Condominium sales were also up in Maynard during 2009; 31 sold compared with 22 in 2008; the median sale price was $229,000 – down 18.7%; and the average time on the market was 165 days up from 151 days. Townhouse sales at Deer Hedge Run, Apple Ridge, and Oak Ridge more than doubled; 18 units sold in 2009 compared with only 8 in 2008. The median sale price was $226,000; down 11% from the previous year.

Currently, there are 17 condos/townhouses available in Maynard; last year at this time there were 26.

Maynard remains a more affordable option for buyers than the surrounding towns – Sudbury, Acton, Concord, and Stow. The extended home buyer tax credit, which now also includes $6,500 for many existing home owners who would like to move up, move down or move sideways to easier living or another location, should help more buyers and sellers take advantage of all that the town of Maynard has to offer.

Search for houses in Maynard and the nearby towns west of Boston, visit http://http//www.marilynmessenger.com your on-line source for real estate listings, news and information or call Marilyn Messenger at 508-596-3501 for personal real estate services.

*Data Source - MLSPIN (Multiple Listing Service Property Information Network.)

Maynard Real Estate - November Sales Up!

Maynard MA: There were eleven closed sales for single-family during November in Maynard MA; up from only seven during November 2008; while both the median and average price were up just slightly; the median sale price was $270,000, the average was $258,545. The current inventory level is lower than last year at this time. Only 30 homes on the market; 4 of which already have accepted offers and are being shown for backup offers. Last year there were 35 single family homes available in Maynard. List prices range from $111,000 to $519,900. The median list price is less than last year - $287,400 vs. $299,900; the average price is higher - $316,270 compared with $310,691. Maynard remains a more affordable option for buyers than the surrounding towns – Sudbury, Acton, Concord, and Stow.Additionally, there are 9 single family homes with sales pending. The average list price for homes with sales pending is $356,811. Pending sales will close in the next month or two.

There are 21 condos/townhouses available in Maynard; last year at this time there were 24. Prices range from $161,900 for apartment-style condos. Townhouse re-sales at desirable Deer Hedge Run range from $247,900 to $276,900; Oak Ridge and Apple Ridge have similar prices. New construction townhomes starting at $279,000 for age restricted units and $329,000 for non-restricted townhouses with first floor master bedrooms and garages. Overall, condominium prices have dropped in Maynard so there are some great opportunities available.

To find out what homes are available in Maynard and the nearby towns west of Boston, visit http://www.marilynmessenger.com/ your on-line source for real estate listings, news and information or call Marilyn Messenger at 508-596-3501 for personal real estate services.

*Data Source - MLSPIN (Multiple Listing Service Property Information Network.)