Somerville is a wonderful city where each square has its own feel. Although no city in my market area has been totally immune to the effects of this market, Somerville is remaining an active market. As you can see from the chart above, absorption rates are quite low for the city. Only the multi family [...]
With the high price of gas, I’m meeting with many buyers who have decided it’s time to move either closer to work or to a commuter friendly area. Thankfully the cities of Arlington, Medford, Somerville, Malden, Melrose and the surrounding communities all have wonderful access to public transportation. The T itself, a multitude of buses [...]
t’s time, once again, to update you on what’s happening in the Medford MA area real estate market. One of the key factors I look at is absorption rates. Absorption rate is a way to look at the number of properties currently on the market and then using the number of recent sales, allows you [...]
With the high cost of gas, many people are rediscovering public transportation. There couldn’t be a better time to bring the Green Line to the city of Medford MA. The more stops in the city, the more people will have access. I support bringing the Green Line to Route 16 near the Medford/Somerville/Arlington border. Read [...]
If you’re tired of reading all of the doom and gloom coming from the media, I’m here to give you some good news. . . We’re seeing first time buyers coming back to the local real estate market. I’ve recently put homes in Malden MA and condos in Somerville MA under agreement with first time [...]
[MEDIA=3] Sunny top floor sanctuary. Tile kit leads to private 10’ x 24’ 6” deck perfect for relaxing or entertaining. The ceramic tile bath has a jetted tub to soothe your cares away. You’ll keep your cool this summer – this condo has central air conditioning! The front bedroom features double closets. Need extra storage? [...]
Hi there, It’s time, once again, to update you on what’s happening in the local real estate market. One of the key factors I look at is absorption rates. Absorption rate is a way to look at the number of properties currently on the market and then using the number of recent sales, allows you [...]
It’s time to look again at what’s happening at absorption rates in a few local cities. Absorption rate is a way to look at the number of properties currently on the market and then using the number of recent sales, allows you see how long it would take for every property currently on the market [...]
So far I’ve been sharing the absorption rates for single family homes, but what happens when you look at a city on the whole? Below are the current absorption rates for the cities of Malden, Medford and Somerville. (Absorption rate is a way to look at the number of properties currently on the market and [...]
Sometimes pure statistics can help you to understand a situation. Right now in Winchester, there are currently 147 single family houses for sale. Last year at this time, there were only 88. Last year in the city of Somerville there were 185 condos on the market, while today there are 324. Obviously the Law of [...]
