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Low Inventory? We Know All About That. But How About This...

The Arlington real estate market is strong, inventory is low, demand is high, and the potential for selling your home for a great price and fantastic terms is unprecedented.

According to NAR’s Chief Economist Lawrence Yun, “The combination of the stock market being at record highs, 16 million new jobs created since 2010, pent-up household formation and rising consumer confidence are giving more households the assurance and ability to purchase a home.”

Yun said sales would be even stronger if not for the extremely tight inventories of low and mid-priced listings.

We know all about that.

Arlington homes recently had the fewest average days on market before a sale in Greater Boston.

But how about this.

Despite all this talk of low inventory, we have SIXTEEN NEW LISTINGS coming on the market over the next few weeks. Things are looking up.

Whether you are upsizing, downsizing or just wondering what the value of your home is – there are many variables that come in to play. More than ever, it is vital to have someone who understands the local market and will work hard for you.

Steve McKenna & The Home Advantage Team has been the #1 real estate team in Arlington for more than 25 years, and we have received numerous local and national awards for exceptional client service.

Don’t go it alone – contact us today so you don't miss out a fantastic opportunity to find or sell a home in Greater Boston!

Spotlight: Arlington Homes of the Week!

Even if you’re not thinking of moving, these new homes will make you think twice. We have THREE fantastic new listings not to be missed! There is a little something for everyone - a simply spectacular single-family home abutting Menotomy Rocks Park, a fantastic multi-family which is a great investment opportunity, and a condo at Arlingotn's premier condo building!

141 Jason Street, Arlington

Open House:

Friday, May 19th, 11:00 a.m. – 1:00 p.m.

Saturday, May 20th, 11:00 a.m. – 1:00 p.m.

A serene setting for a spectacular home in one of Greater Boston’s most desirable neighborhoods! Situated on the doorstep of Arlington’s Menotomy Rocks Park, this well-loved home in Jason Heights that is pristine and radiates warmth & comfort from the inside out. Step inside and discover arched doorways, vaulted ceilings, skylights, detailed moldings, and numerous built-in cabinets. There is a gracious living room w/fireplace, a formal dining room for family gatherings, a sun-splashed family room offering peaceful views of the park, a spotless & updated kitchen plus an office/mudroom. Upstairs boasts a lovely master with ample closets, en-suite bath 2nd floor laundry, two additional bedrooms and a 3rd floor space perfect for an office or extra bedroom & a finished basement with a beautiful stone fireplace for cozy winter nights. The idyllic, fenced-in and manicured yard with charming patio is a show-stopper! All of this convenient to Arlington Center, Mass. Ave. & Alewife Station. (MLS # 72166285)  Click here for the full listing.

Listed: $1,125,000

What’s Nearby: Arlington Center shops and restaurants, Menotomy Rocks Park, Brackett School, Mass. Ave., Minuteman Bikeway, Alewife Station.

119 Medford Street, Arlington

Open House:

Friday, May 19th, 11:00 a.m. – 1:00 p.m.

Saturday, May 20th, 11:00 a.m. – 12:30 p.m.

121 Medford St is the place to be! This fabulous spot offers easy access to Mystic Lake, for outdoor activities such as kayaking, fishing, or just strolling along the Mystic River or go biking on The Minuteman Bikeway which is just around the corner. Looking for eclectic shops & restaurants, Arlington Center has them, and they are only a few minutes away. Public transportation is a breeze with many bus lines available to take you to a number of locations. Located on a corner lot with garage parking this home has lots of potential. Both units feature traditional layouts with 2 beds, 1 bath, eat-in-kitchen, semi open living room & dining room and office. Built-ins, fireplaces, and beautiful moldings can be found throughout. The upper unit also has a 3rd fl which has endless possibilities. There is a small yard that is perfect for barbequing. Great for owner occupants, investment, or possible condo conversion! (MLS# 72167198) Click here for the full listing.

Listed: $879,000

What’s Nearby: East Arlington and Arlington Center shops and restaurants, public transportation, Mass. Ave., Bikeway, Alewife Station, Mystic Lake, Mystic River.

 

1 Watermill Place, Unit: 419, Arlington

Open House:

Sunday, May 21st, 11:00 a.m. – 12:30 p.m.

Sunny fourth floor unit at Watermill Place! Rarely available, one of the largest two bedrooms in the building. French doors, off the living room, lead to a cozy balcony overlooking the babbling brook, lush landscaping and courtyard! Spacious bedrooms and ample closet space throughout. A wonderful master suite, in-unit laundry, and some recent updates make this a wonderful place to call home. Open concept living room and kitchen, which has been updated with breakfast counter, and space for a small table. There is additional storage on the same floor and garage parking (#19) with this unit. Located a short distance to Arlington Heights, The Minuteman Bikeway, and public transportation. This is a fabulous unit at one of Arlington's most premier buildings. Stop by and be dazzled. BONUS - 2 parking spaces. One in the garage (117 first space in garage nearest to elevator) and one outside (88). (MLS# 72166286) Click here for the full listing.

Listed: $499,000

What’s Nearby: Arlington Center shops and restaurants, public transportation, Mass. Ave., Minuteman Bikeway, Alewife Station.

Trending With Tracy: What to Expect in the Framed-Out Mechanical Stage

If you are a new buyer in the process of building or renovating a home, there are likely to be some surprises along the way.

In this installment of Trending With Tracy #TWT, Tracy talks to developer David Serabian of Serco Painting & Restoration about the framed out mechanical stage of development. Here you can pick up some quick tips on what happens at this stage, and what decisions you should be prepared to make.

In case you missed it, check out other helpful videos from #TWT on the website.

Spotlight: Arlington Home of the Week!

Temps are chilly but East Arlington condos are hot! Come down to the open house at 59 Everett Street TODAY, 5/12 from 11am - 1pm or tomorrow 5/13, 11am - 1pm. See you there!

59 Everett Street, Unit 2, East Arlington

Open House:

Friday, May 12th, 11:00 a.m. – 1:00 p.m.

Saturday, May 13th, 11:00 a.m. – 1:00 p.m.

Picturesque 2 level condominium located on a lush corner lot in East Arlington. This unit boasts lots of natural light, gleaming hardwood floors, natural molding, and modern conveniences. A beautiful open family room greet you at the top of the stairs. There is a gas fireplace and mantel with beautiful detail in the woodwork. From there you enter the living room through the French doors or exit to the front porch. The dining room has a beautiful built-in china closet. Enter the kitchen and be wowed by the granite counters, stainless appliances, access to the knotty wood porch, and the 1/2 bath. Upstairs has 3 spacious bedrooms, the most interesting dual bathroom set up, and laundry. There is a patio, yard, garage parking, access to public transportation, and so much more! This is a great opportunity to move into Arlington and be settled for summer! (MLS # 72162912)  Click here for the full listing.

Listed: $739,000

What’s Nearby: East Arlington and Arlington Center shops and restaurants, Mass. Ave., Minuteman Bikeway, Alewife Station, Mass. Ave.

Trending with Tracy: Part II, Interview with Jay Tuli of Leader Bank

In case you missed it, Part I of Tracy's interview with Jay Tuli of Leader Bank talked about the importance of using a local lender for the home buying process. Did you know Leader Bank was founded in Arlington? And is the fourth largest lender in the state? Take a listen to learn how a community-driven bank can have a significant local impact.

In Part II of the Interview, you will get insight into the direction of 2017 interest rates and what it means for new homebuyers, as well as what to expect from a top performing loan officer and how they can inspire people to move in the right direction.

Catch more vidoes and insights at, Trending With Tracy #TWT

 

 

 

 

The Best of the Best of the Best

We’ve been seeing a lot of rankings lately, and they shine a pretty nice light on our piece of the world.

First, according to U.S. News and World Report's 2017 "best high schools," Arlington High comes in at #12 out of 86 high schools in Massachusetts.

Then we learned that according to a Niche 2017 ranking of the "Best Places to Live" in Massachusetts, Arlington came in with an A+ at #29 out of 491.

And finally, according to a U.S. News and World Report ‘Best States’ ranking for 2017, Massachusetts earned the #1 spot.

So basically, calling Arlington home means you have one of the top High Schools in a town that’s one of the best in the state, in a state that’s the best in the country.

Proximity to some of the best universities in the world, innovative healthcare, and hospitals, all within a vibrant community with great schools, parks, shops and restaurants - it doesn't get much better than this.

If you want to make the best of the best of the best your home, too, then call the best of the best in real estate – Steve McKenna & The Home Advantage team has been Arlington’s  #1 real estate team for nearly thirty years! Our local expertise is your advantage in a competitive market.

Trending with Tracy: Part I, Interview with Jay Tuli of Leader Bank

It's one thing to know what's going on in real estate, it's another to know what's Trending with Tracy #TWT.

Tracy Wallace talks with Jay Tuli of Leader Bank about the importance of using a local lender for the home buying process. Be sure to check out Part II where they discuss what home buyers should expect from a loan officer.

 

 

Spotlight: Arlington Homes of the Week!

Brighten up a dreary day by visiting these sparkling new listings! A gorgeous single-family home awaits on Gray Street, and a rare refurbished East Arlington condo could be your home sweet home. Open houses today and tomorrow from 11:00 - 1:00, see you there!

242 Gray Street, Arlington

Open House:

Friday, April 21st, 11:00 a.m. – 1:00 p.m.

Saturday, April 22nd, 11:00 a.m. – 1:00 p.m.

Pack up and move into this delightful 3-bed, 2-bath Brackett-neighborhood home! What will you love more, the charming period details or the stylish modern updates? No need to choose because here you will have it all – open concept, a bright and sunny kitchen, cozy living room w/ fireplace, traditional dining room with beautiful moldings, large bedrooms and oversized closets, plus a 3rd floor master oasis. There is custom woodwork, stained glass, built-in cabinets along with efficient heat, central air, detached garage and a great basement space. Being a corner lot gives this home wonderful outdoor space which is great for summer entertaining. The location gives you close proximity to Robbins Farm Park and Arlington Center so you can take advantage of the urban landscape with its vibrant shops and restaurants. Close to public transportation, Brackett School and Arlington High, this is the perfect combination of urban/suburban living with traditional charm and up-to-date conveniences! (MLS # 72149212)  Click here for the full listing.

Listed: $899,000

What’s Nearby: Arlington Center shops and restaurants, Mass. Ave., Minuteman Bikeway, Brackett School, Robbins Farm Park.

 

29 Burch Street, U:1, East Arlington

Open House:

Friday, April 21st, 11:00 a.m. – 1:00 p.m.

Saturday, April 22nd, 11:00 a.m. – 1:00 p.m.

This home sparkles in a neighborhood that sizzles! A rare refurbished 2-bed condo in a sought-after East Arlington neighborhood. This bright and spacious first-floor condo features an open floor plan, gleaming hardwood floors, and kitchen with granite counters and stainless steel appliances. There is a lovely living room with adjoining sunroom, dining room, updated 1 ½ baths, and a finished basement for that extra space you need for an office, playroom, or guest room. Nestled in a quiet neighborhood and a short walk to Alewife Station, East Arlington shops and restaurants, the Minuteman Bikeway, the Hardy School, and Spy Pond. This is the opportunity you’ve been waiting for! (MLS# 72148937) Click here for the full listing.

Listed: $549,000

What’s Nearby: East Arlington shops and restaurants, public transportation, Mass. Ave., Bikeway, Alewife Station, Hardy School, Spy Pond.

Introducing, Trending with Tracy!

Real estate is constantly changing, whether its mortgage rates, hot markets, or the latest in home renovation – it can be hard to keep up.

That’s why you should be Trending With Tracy! Tracy Wallace gets the inside scoop on what’s happening around town, just for you. In these quick video clips, you will meet local professionals, hear their insights first-hand, and get one-of-a-kind perspectives on everything related to our unique real estate market.

We’re kicking off the series with an interview that will have you wondering, who let the dogs out? Turns out, it is Tony Morello.

Check out Tracy (and Miles!) with Arlington Thorndike Dog Park Manager, Tony Morello on how the park is run, who gets to play, and how it serves the Greater Boston canine population.

 

 

Thank You For Attending The Arlington Home Show!

What an amazing day! From start to finish, The Arlington Home Show presented the best in real estate, renovation, home improvement and financing ideas and advice. The crowds were steady and came with questions, our vendors were prepared with thorough answers.

We’d like to thank EVERYONE who participated and made this one-of-a-kind local event a huge success! Here are some pics you might have missed from yesterday.

If you attended the show, let us know what you thought in the comments, or send us a note at info@yourhomeforsale.com. We are always up for ideas and suggestions for next year!