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This home has a layout that keeps on going. It is spacious and breezy with room to flow! Meticulously maintained–you’ll think you stepped into a Pottery Barn catalog. Seven sun-filled rooms which include 4 bedrooms and 2 full baths. This remarkable condominium has that single family atmosphere with approximately 2,170 square feet of flowing living space and many updates. Add in central air, garage parking, and a level fenced yard (shared), at a drop dead list price of $519,000.
Open House Sunday, January 29, 2012 12:00 PM to 1:30 PM
Eat in kitchen out of a magazine
MLS # 71325940 83 Brookside Ave – Unit 83 Newton, MA 02460
Real estate sales cycle Newton Brookline condos and single families January 2010 to October 2011
The chart below plots the number of homes sold in Newton and Brookline between January 1, 2010 and December 31, 2011. Note the peak months for home sales are in the summer, mainly in June and July with a little bump up at the end of the year. What is interesting to note is that Brookline condos and Newton single-family houses track together and with the steepest peaks because there are many more Newton single-family houses that sell than Newton condos and many more Brookline condos that sell than single-family houses.
What this chart shows is the time of closing: when money is exchanged for keys and the buyer moves in and the seller moves out. The real activity is what happened several months prior, when the sellers put their homes in shape to be marketed and the buyers started looking at properties. The closing date usually reflects an offer that was accepted at least two months earlier. So be aware, the spring is already showing signs of life. If you are a buyer or seller, do not wait for the competition to flood the market in March or April because the early bird catches the worm!
Whether you are thinking of buying or selling a home, it is never too early to start talking with a Realtor® about your goals and wishes. A professional can advise you about your local market and help you time your move for your best advantage.
Data compiled from MLSPin (Multiple Listing Service)
The good news for Brookline and Newton home sellers is that the average sale prices rose from 2010 to 2011 for single-family homes and condos. The bad news for home sellers is that average prices are still lower than they were in 2005. So, if you bought at the peak of the market, it is probably better not to sell just yet.
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On the other hand, as a home buyer, since interest rates are incredibly low right now, and prices are up but not yet ridiculous, you can take advantage of low mortgage rates and a healthy choice of properties. Quality towns like Brookline and Newton are holding their own and will probably see major price appreciation and multiple offers chasing too few properties long before harder hit areas have recovered at all. Brookline condo prices, are on average, back up to the last peak in 2005.
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If there is nothing else we have learned in the last few years it is that it is very risky to think of our homes as ever appreciating piggy banks of equity. Our homes are primarily our refuge and haven in which to enjoy life. It makes no financial sense to buy more house than you need just because you can afford it with a teaser rate mortgage. But some sellers who bought at the peak, may still find that it is better for the long term to sell now, and even lose some equity in their current property, to take advantage of the lower interest rates and reasonable prices to move up.
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If you are interested in receiving a market analysis of your home and neighborhood, please contact Janet. Click here to contact me.
Data compiled from MLS by the Pathway Home Realty Group.
This home boasts over 3,400 sq. ft. living area, with 5 bedrooms and 3 1/2 baths and is seated on a generous sized lot, approximately 9,178 sq. ft. The story doesn’t stop here. Other features include a first floor family room with lots of windows, a handsome master suite, and a 2 car garage. Drive down this lovely side street and enjoy the view.
Open House Sunday, January 8, 2012 – 12 to 3 p.m.
MLS # 71323359 41 Prentice Road Newton Centre, MA 02459
The listing broker is Robin Gilman from REMAX Executive Realty from Holliston