Carolyn MacNeill

What's Your Home Worth in Today's Competitive Market?

The fall real estate market is upon us, and the value of your home has changed in the last few months - not just the last few years. Whether the thought of selling is some far-off possibility, or if it has been weighing on your mind lately - give us a call

As we all know, time flies faster than you think, and big decisions are more manageable with up-to-date and accurate information. 

Put your home in our hands and we'll take care of the rest. 

What's Your Home Worth?

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    Arlington Single Family Sale Price Ranges Over 15 Years

    In Arlington, the number of homes sold between $1-2 million dollars in 2005 was 2. The number of homes sold between $1-2 million dollars in 2019 was 83.

    The number homes sold under $500,000 in 2005 was 122. The number of homes sold under $500,000 in 2019 was 9.

    These are the data points that back up the statement 'Arlington home values are strong.'

    If you are thinking selling, demand is high and the value of your home is too. If you are thinking of buying, rest easy knowing that you are investing in a market and community that has weathered economic ups and downs and still continues to grow.

    It's worth a conversation at the least. Contact us today.

    781-645-0505, YourHomeForSale@GibsonSIR.com.

     

    Arlington Single Family Sale Price Ranges Over 15 Years

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      Real Estate Market Update, 2020 (Webinar Replay)

      In case you missed it! Take a look at this webinar that is full of unique insights and interesting perspectives. Steve, Mike and Tracy talk about navigating today's real estate market, with a look at how home sales have progressed over the past few years. Don't miss it!

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        Join Us For An Exclusive Live Real Estate Update Webinar!

         

        You are invited to a live Zoom webinar!

        When: Aug 25, 2020 3:00 PM Eastern Time (US and Canada)

        Topic: August Real Estate Update

        Register in advance for this webinar:

        https://us02web.zoom.us/webinar/register/WN_h66XPLaNSzqqVJX4MAkMEg

        After registering, you will receive a confirmation email containing information about joining the webinar.

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          Arlington's Top 10 Real Estate Facts, August 2020

          There is just so much happening with Arlington real estate (and beyond) these days it can be hard to boil it down into what's most important, right now. 

          The Arlington real estate market is different from the national market, it is different from the Massachusetts market, and it’s even different from neighboring Cambridge or Lexington markets. While it can be influenced by these broader factors, it is its own entity with its own trends and direction.

          To break it down, here are our top 10 facts about the Arlington real estate market, right now:*

          1.       The number of single-family homes sold is down 11% as compared to this time last year.

          2.       The average single-family home sale price is up by $17,255 as compared to this time last year.

          3.       The number of condo homes sold is down 5% as compared to this time last year.

          4.       The average condo sale price is up by $28,412 as compared to this time last year.

          5.       The number of multi-family homes sold is down 33% as compared to this time last year.

          6.       The average multi-family home sale price is up by $121,389 as compared to this time last year.

          7.       Arlington is a premier community for anyone looking for more square footage, in-home office space, or a yard outside of Boston.

          8.       Arlington provides an array of distinctive housing, offering up options for first-time home-buyers, downsizers, investors, families, and anyone looking to be part of a vibrant community.

          9.       Inventory is down and home values are up, making it a prime time to be a home seller in Arlington.

          10.   Now a part of Gibson Sotheby’s International Realty, Steve McKenna & The Home Advantage Team are firmly established as Arlington’s #1 real estate team for more than 30 years and counting.

          It can be difficult to decipher what is relevant and what is extraneous in real estate - in Arlington or elsewhere. So if you are thinking of buying or selling, it is critical to have a team with feet on the street and an insider's eye to an evolving buyer and seller market. Contact us today, and put your home in our hands.

          *MLS Arlington Home Sales Jan. 1 - July 31 2019, Jan. 1 - July 31 2020

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            Arlington Home Sales Year-to-Date

            The latest data on Arlington home sales shows that inventory remains low and home values are up in 2020 as compared to this time last year.

            Across the board, single-family homes, condos, and multi-family homes have seen a decrease in inventory levels and a rise in home values from Jan. 1- July 31st 2019 to 2020.

            This means that potential home sellers can list their homes with little competition and the opportunity for selling quickly and for a good price is high.

            There are many factors contributing to this competitive market, location and proximity to Boston amenities and public transportation are always driving factors. Today, we also have people seeking alternatives to city living, or looking for yards or office space.

            If you are thinking of selling, this could be a prime opportunity. Contact us today and we can put together a custom plan suited to your needs and timeframe.  

            YourHomeForSale@GibsonSIR.com, 781-645-0505.

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              An Interview With Steve McKenna, of Steve McKenna and The Home Advantage Team

              What did you do before real estate and how did you get started in the business?

              I had several jobs when I was starting out, everything from managing a woman’s shoe store in Newton to working as a doorman in a Boston nightclub. I was saving money and one of my friends in real estate suggested I buy a condominium as an investment. I bought my first place when I was 22 and sold it for a profit only two years later. That is when I saw the value, literally and figuratively, in real estate. I started at Bowes Real Estate in 1986, and with the guidance of Bob Bowes I became the #1 agent and team in the area. Now, with Gibson Sotheby’s International Realty at the helm, I know we will reach new heights in servicing the town of Arlington and beyond.

              What is something your clients find comfort in that makes them turn to you for their real estate needs?

              My team and I realize that buying or selling a home is very personal and emotional, and I have to say our tagline sums up why people continue to choose us for their real estate needs: ‘Put Your Home in Our Hands.’ When someone works with us, we take the burden of buying or selling a home off the client’s hands and we manage the entire process — start to finish — and we are a resource to clients long after the sale has closed. Because we have a team (not just one agent) we can absorb the emotional and logistical weight of the real estate process, so our clients take comfort knowing they are in good hands.

              What are some of your favorite local activities or organizations that you participate in?

              I find great satisfaction in giving back to the community. The Home Advantage Team and I have volunteered at many local organizations. Just before the pandemic, we were at Arlington Eats to assemble food packages for those in need. This past year we hosted ‘Charity Saturday,’ which paired a local business with a local charity to both drive business and raise money for a number of important programs in town.

              There was a fantastic turnout at all locations and many people were excited about the opportunity to support their local businesses and charities. Because of the overwhelming participation, my team met its goals to donate to five charities a check for $2,000 each, for a total of $10,000 in donations.

              What do you love most about the industry?

              I genuinely enjoy helping people. When someone is moving, chances are they are experiencing a major life event. Whether it is a marriage, a divorce, downsizing, a death in the family or a child on the way, these are big events and emotional times, and when you add the process of moving to the mix it can be incredibly stressful. We have helped thousands of buyers and sellers in all of these situations, so I think we bring an empathy, understanding and knowledge of how best to guide people through the process to make it seamless and less stressful them. There is great satisfaction in that.

              What is your advice for someone new to the industry?

              The most important advice is to be sincere and honest with your clients. They are entrusting you with one of their most important assets at a critical time in their life. You need to provide them with the confidence that you are the best person to help them.

              What do you love most about where you live and work?

              Arlington has changed so much since I first started living and working here. The community is diverse, caring, strong and everyone seems to have a vested interest in making this a great town. There is the Minuteman Bikeway and so many great restaurants and shops. It has that urban feel, yet you can walk down the street and almost always see someone you know.

              What is Arlington’s best-kept secret?

              I find many people who come to Arlington have heard about the restaurants and shops, but they are surprised and impressed with the abundance of outdoor recreation in areas such as Menotomy Rocks Park, Skyline Park and Spy Pond.

              What part of the world would you most like to travel to?

              My wife and enjoy traveling through Europe and are very fond of the Cotswolds in England. Hopefully, we will all be able to travel safely in the near future.

              What are three sources of joy in your week?

              Spending time with my wife is #1. She’s made me a better person. I can’t really say my job, because it doesn’t feel like a job, but #2 is working with my team and helping people. I’m fortunate to have a dedicated staff that enjoys helping our clients as much as I do. Exercising is #3. I wake up every morning at 4:30 and get my workout done and it helps me prepare for the day mentally and physically.

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                Arlington Real Estate By the Numbers

                Arlington real estate continues to reflect steady, positive growth. As the charts illustrate, throughout the past 10 years – despite varying ups and downs of the economy and market, Arlington home sales have been steadily trending upward.

                In 2019, the average single-family home price reached its highest point in 10 years at $257,506,558. The number of homes sold was the 4th highest in the same time-frame (the highest number of homes sold was 306 in 2015 at a volume of $212,666,775).  

                No matter the season, Arlington has been, and continues to be, a hot real estate market in Greater Boston! If you are thinking of selling, this is a great time and we are ready to guide you through the process and nuances of this specific market. If you are thinking of buying, know that your investment in Arlington is backed by years of steady growth rising values.  

                We look forward to working with you for all your home buying and selling needs!

                Put Your Home In Our Hands: YourHomeForSale@GibsonSIR.com, 781-645-0505

                Arlington Single Family Home Sales By Price

                Arlington Single Family Home Sales by Volume

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                  Two Local Legacies Unite

                  Steve McKenna & The Home Advantage Team Join Acclaimed Real Estate Firm, Gibson Sotheby’s International Realty

                  Arlington’s #1 Real Estate Team and Leading Greater Boston Agency Team up to Serve the Local Real Estate Market

                  (Arlington, Mass., July 8, 2020) — Steve McKenna & The Home Advantage Team are pleased to announce they have joined Gibson Sotheby’s International Realty as part of the brokerage’s recent acquisition of Bowes Real Estate in Arlington.

                   “We are excited to join such a vibrant group of professionals and we look forward to growing our business and better serving our clients,” said Steve McKenna, REALTOR®. “Our clients are our priority, and we know they will benefit from Gibson Sotheby’s International Realty’s expansive global network, as well as its exclusive digital sales and marketing tools that are crucial in today’s rapidly changing and digitally driven environment.”

                  “Steve McKenna & The Home Advantage Team are rooted deeply in the Arlington community and therefore are masters at serving their clientele,” said Larry Rideout, Chairman and Co-Owner of Gibson Sotheby’s International Realty. “Welcoming Steve and his team to our family represents a powerful combination of local expertise and international reach that will give their clients confidence that the purchase or sale of their home will be smooth, successful, and rewarding.”

                  Steve McKenna has been Arlington’s #1 REALTOR® since 1991, selling more homes in 2019 than the next top four agents combined. With the backing of Gibson Sotheby’s International Realty, the team is poised to solidify their position as the superlative choice for home buyers and home sellers in the Arlington area.

                  “The reputation of Gibson Sotheby’s International Realty is that of professionalism and premier service, making it a natural fit for The Home Advantage Team,” said McKenna. “We have already hit the ground running with a positive and proactive experience and see nothing but good things to come.”

                  Gibson Sotheby’s International Realty’s network encompasses over 350 associates serving Boston, Greater Boston, Boston MetroWest, the North Shore, South Shore, and Cape Cod. The union with Bowes Real Estate marks the brokerage’s twenty-third office in Eastern Massachusetts. Today, Gibson Sotheby’s International Realty is Boston’s largest independently real estate firm, while Sotheby's International Realty's global footprint spans approximately 1,000 offices in 70 countries and territories.

                  Steve McKenna & The Home Advantage Team will adopt Gibson Sotheby’s International Realty’s cutting-edge tools and practices, including an in-house marketing team, a global referral network, a comprehensive technology suite, and exclusive access to highly qualified global clientele, offering their clients a distinctive and competitive edge in the market.

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                    Real Estate a Greater Boston Bright Spot

                    Despite a global pandemic, social unrest and economic challenges, the real estate market in Greater Boston remains strong – a true testament to the robust and real-estate-resilient area we live in.

                    Buyers are still buying and sellers are still selling.

                    Based on the data comparing Arlington home sales in 2020 vs. 2019, you’ll notice that both single-family homes and multi-family homes are on the market slightly longer in 2020 than 2019, but home values for both properties continue to rise in 2020.

                    Interestingly, condo homes are the opposite – selling faster in 2020 than 2019 but at slightly lower values.

                    Overall, the real estate market is strong, buyer demand is high and prices are stable and rising. This is good new for anyone thinking about buying or selling their home this year. Don’t wait, just put your home in our hands.

                    *MLS data Jan 1 – May 31, 2019-2020

                    Arlington Single-family home sales (listed and sold)

                    Arlington Multi-family home sales (listed and sold)

                    Arlington Multi-family home sales (days on market)

                    Arlington condo home sales (listed and sold)

                    Arlington condo home sales (days on market)

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