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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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!

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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.


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Deer Hedge Run Townhouses

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

Maynard Home Sales Market Report- 2011 Sales Up!

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 The 2011 median price was -9.93% less than the peak in 2007 and +7% higher than the low in 2009. The number of homes sold increased since the peak and has remained steady since 2009.

Days on market is an important factor to consider when pricing your home to sell. Buyers will not make offers on homes that are not priced correctly. The longer a house is on the market, the less it will sell for.

Single Family Homes: Current list prices for single family homes in Maynard range from $85,000 to $524,900; the median price is $259,900 - down from $318,250 last year; the average price is $269,997 - down from $330,340 last year at this time. There are 43 homes on the market; up from 30 last year. 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 3 single family properties with sales pending.

December Closed sales: December ended the year on a positive note. There were 10 sold, up from 8 in December 2010. The median price was $313,500; up from last year’s median of $287,000. The average was $308,300, slightly lower than last year. And on average, it took less time to sell – 116 days compared with 140. 

Condominiums and Townhouses: Looking for easy living? There are a total of 10 condominiums including townhouses for sale in Maynard. Of the ten, four have accepted offers waiting for contingencies to clear. Last year at this time there were 18 for sale.

There were 25 condos/townhouses sold in 2011. The median price was $234,500; the average was $211,208. There were on 2 closed sales in December; a townhouse at Deer Hedge Run that sold for $201,000; and a half-duplex one on Butler Avenue that sold for $179,900.

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 a 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. Construction is also in the process building a new high school. If you haven’t been to Maynard, come see what you’re missing!

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Data Source: MLSPIN (Multiple Listing Service Property Information Network)

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

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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.

Maynard Home Sales Market Report - Good Opportunities for Buyers!

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Single Family Homes: List prices for single family homes in Maynard range from $100,000 to $499,000; the median price is $299,000 - down from $341,400 last year; the average price is $284,950 - down from $314,900 last year at this time. There are 62 homes on the market; up from 46 last year. There are 8 single family properties with sales pending. The average price for sales pending is $277,500.
There were fewer closed sales in July 2011 than in July 2010 – 8 compared with 10, however, both median and average sale prices were higher. The 2011 median sale price in July 2011 was $331,250; the average was $344,225. The median in July 2010 was $242,700; the average was $276,490.

Deer Hedge Run townhouse $205,00 -
click photo for details and more photos

While median and average prices show some general trends, they do not indicate that every house has increased or decreased by the same amount. Anyone pricing their home to go on the market needs to compare their property with like properties to make sure they are 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 20 condominiums and townhouses for sale in Maynard; there were 21 last year at this time. Prices range for condos and townhouses in Maynard range from $160,000 to $329,000. There is one short sale with an accepted offer listed for $115,000; new construction over 55 townhouses range from 300K to 320K; and prices at the established townhouse developments of Deer Hedge Run, Apple Ridge and Oak ridge range from $195,000 to $284,900. At the peak these townhouses were selling as high as the $320s so they are an excellent value 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. Facebook users - "like" and search without leaving FB at www.facebook.com/livingwestofboston.


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

Is This a Good Time to Sell Your House?



Just Sold $410,000!
20 Taft Ave., Maynard MA

 Recently I was chatting with a woman from Maynard who was complaining about the cold saying that her friends and relatives in Florida keep telling her she should move there. Sounds like a good idea to a lot of us in Massachusetts as we look at the endless piles of snow… So I mentioned I’m a real estate broker and that my Realtor friends in Florida have been sending me information about some fabulous opportunities especially in Naples and Fort Myers where she would be going. We talked about what a great house she could buy for so much less money than here :) and then she said: “but it’s such a bad time to sell, nothing is selling!”


Really? While hardly a day goes by without a headline about “the housing market” as if there is one big market when really there no such thing; all real estate is local and whether houses are selling or not depends on supply and demand which varies greatly around the country. In New England it varies from town to town and within the town it can vary by price point. While the supply in places like Florida and Nevada is still high, right now the supply of homes for sale in the towns west of Boston is really low. Compared with last year at this time the number of single family homes for sale has dropped 21% in Maynard. Of course, no one can tell you exactly what the demand is, however, based on 2010 absorption rates and the increased number of calls from buyers since Thanksgiving, I would say buyers are hungry for new listings to come on the market.

Everyone wants to sell high and buy low! Well, if you’re selling in Massachusetts and moving to a state like Florida that still has a large supply of homes for sale you can actually to do that! When I explained that to her and told her about some recent single family home sales in town, she kind of got it but was still focused on selling for less than she could have a few years ago. I suggested that she think about where she wants to be rather than what could have been; and, more importantly that she could be with her family and not have to go through another winter like this.

Bottom line: whether it’s a good time to sell depends on you and where you want to go. Since most home sellers become buyers, selling is just a means to an end; one more step (albeit a big one!) in the buying process. If you are moving to a less expensive town or state, down-sizing within the same market, or even if you are looking to move up within the same town then it’s a good time to sell. Today’s low interest rates are another factor on your side. If you really are ready to make a move because that is what makes sense for your life, don’t let the naysayers deter you and don’t wait for everyone else to go on the market. Get the facts from a real estate professional and then you decide if it’s a good time to sell based on your market, not headlines!

Maynard Real Estate Market Report - Low Inventory; Good Time to Sell!

Happy New Year and welcome to the first Maynard MA Real Estate Market Conditions report 2011.


Prices for single family homes in Maynard range from $175,000 to $639,900. The median list price is $311,500; the average is $329,352. There are currently 28 single-family homes on the market in Maynard 2 more than there were one year ago. The average time on the market is 187 days, up 38% from last year at this time.

Of the 28 active listings, 3 already have accepted offers and are being shown until contingencies are cleared. There are 9 single family homes with sales pending up from zero one month age. Buyers came out strong over the Thanksgiving and New Year holiday weekends.

There were 98 closed sales of single family homes in Maynard for 2010 compared with 94. The median sale price for 2010 was $297,500; the average was $306,740. The median sale price for 2009 was $280,000; the 2009 average was $284,000. December sales were down from December 2009; only 4 compared with 9.

For anyone looking for easy living, the number of condominiums/townhouses in Maynard has also increased from this time last year. There are 18 available of which 2 already have accepted offers waiting for contingencies to clear.

Prices range from $89,000 for apartment style condos to $320,000 for new townhouses. Prices at the established townhouse developments of Apple Ridge, Oak Ridge, and Deer Hedge Run start at $200,000 for a short-sale listing at Oak Ridge. Others start at $239,000 for a 3-level unit at Deer Hedge that can use updating. At the peak these townhouses were selling up to the $320s so they are an excellent value in the $200s. Year end data show that there were 24 closed condo/townhouse sales in Maynard during 2010; the median sale price was $239,000, the average was $244,744. In 2009 there were 31 sales with slightly lower median and average sale prices.

Maynard offers more affordable housing options for buyers than the surrounding towns of Sudbury, Acton, Concord, and Stow, and the town has lots of activities and amenities including an active downtown with a variety of specialty shops and restaurants, a movie theatre, live arts, music, and theatre. Outdoor activities include hiking, fishing, tennis, canoeing, and golf. There are lots parks, and an outdoor walking tract.

Low mortgage interest rates make this a great time for anyone who would enjoy living in Maynard to become a homeowner. Visit http://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.