Blog :: 07-2012

Spotlight: Arlington Home of the Week, 220 Hillside Ave.

Let the games begin! The 2012 Olympic Games kick off tonight in London, so get ready to support Team USA!



And then we have Arlington house hunting - which is an Olympic sport unto itself. Don't forget, there is less competition while everyone else is on vacation, making summer a great time to buy!


So chalk your hands, tape your ankles, stretch your legs - do whatever it takes to get you in the Olympic spirit and on your way to a new home!

220 Hillside Ave.:  


Looking for a 'Diamond in the Rough'? This home is ready for you to make it shine! This is a solid brick colonial with good bones in a fantastic location. The Dallin School and park are a short distance down the street, and it's close to major bus routes, Alewife, Route 2, and Arlington Heights shops and restaurants. There is a charming living room with fireplace, formal dining room, eat-in kitchen, 3 beds and 1 bath. Numerous windows throughout the home let the sun shine in! With some updating this home could be the gem you have been waiting for!  (MLS PIN #71414549)



What's Nearby: Arlington Heights shops and restaurants, Minuteman Bikeway, public transportation, Alewife, Dallin School.


Listed: $359,000


Scroll down to see other new listings in Arlington this weekend, and happy house hunting!


SINGLE FAMILY


Address

Rooms

Bed

Bath

Style

Price

220 Hillside Ave.

6

3

1f 0h

Colonial

$359,000

144 Mt. Vernon St.

7

3

1f 0h

Colonial

$525,000

205 Pleasant St.

7

4

2f 0h

Colonial

$599,000

82 Ridge St.

8

4

3f 0h

Colonial

$699,900


CONDO


Address

Rooms

Bed

Bath

Style

Price

975 Mass. Ave. U:404

4

1

1f 0h

Mid-Rise

1 Under


MULTI-FAMILY


Address

Rooms

Bed

Bath

Style

Price

1513 Mass. Ave.

11

4

2f 0h

2 Family

$729,000





True or False? You Will Never Be From Arlington

Recently, there was a hot debate between townies and newbies in Southie about which group could claim rights to being 'from' Southie, and at what point.

Generally speaking, townies are those born and raised in a town, whereas newbies have relocated from someplace other than said town. This relocation could have happened last year or fifteen years ago but you might still be considered 'from away,' as it's also called in parts of New England. This is not a new phenomenon, and it happens to all kinds of cities and towns that experience a shift in demographics.

Now, it's one thing to judge another town's infighting from afar, but what happens when we turn the camera on ourselves? There is no doubt that Arlington has evolved over the past 20+ years - it has become a restaurant mecca outside of Boston and the schools are some of the most sought after inside 128. And with this status comes more families, more diversity, and new people seeking a balance between urban and suburban living.

 

For a town of 42,000+ people (and growing) you can see that Arlington pride abounds across demographics - in support of the schools, services, amenities - we have our own A-Town nickname and 'Townie' bumper stickers. So when does an Arlington newbie earn townie status? Do you have to 'marry in'? Claim a place of residence for more than twenty years? Drop your 'R's? Or, are we all just that comfortable with ourselves and our identities - townies and newbies alike - that we don't feel the need to draw a battle line in the Arlington Reservoir Beach sand?

 

Call me an optimist (or just call me maybe) but I think Arlington is above any modern-day Hatfield and McCoy-type feuds that exist out there. Maybe we should start referring to ourselves as 'Arlington - the Town without an Identity Complex.' Hey, we could get a bumper sticker for that.

Spotlight: Arlington Home of the Week, 799 Concord Turnpike

It's been a wild week in Arlington. A sweltering heat wave was topped off with a microburst that did significant damage to trees and homes in town. We hope all of our friends in East Arlington escaped this storm unscathed.  



Clean-up has commenced and this weekend is looking like it will be the calm after the storm. Take a minute to check out this new listing in the Brackett district, along with the other homes for sale this weekend.


799 Concord Turnpike:
This home has everything you've been looking for in Brackett School area. An absolutely fabulous home featuring gorgeous renovations, including an open floor plan, spectacular kitchen with Viking stove, state-of-the-art appliances, granite counters, surround sound and so much more. There are three spacious bedrooms and both bathrooms were beautifully renovated. The living room has a gas fireplace and there is a private rear yard with deck. Bonus feature: the house is extremely bright and sunny! There's nothing to do but move right in.  (MLS PIN # 71411584)


What's Nearby: Arlington Heights shops and restaurants, Minuteman Bikeway, public transportation, Brackett School.


Listed: $459,000


Scroll down to see other new listings in Arlington this weekend, and happy house hunting!


SINGLE FAMILY


Address

Rooms

Bed

Bath

Style

Price

4 Henry St.

5

3

1f 0h

Ranch

$389,000

799 Concord Tpke.

7

3

1f 1h

Colonial

$459,000

98 George St.

8

3

2f 1h

Cape

$579,900

4 Monadnock Rd.

9

4

2f 1h

Colonial

$850,000


CONDO


Address

Rooms

Bed

Bath

Style

Price

16 Old Colony Ln. U:3

3

1

1f 0h

Low-Rise

$164,900

49 Appleton St. U:B

3

1

1f 0h

Other (See Remarks)

$219,900

4 Orvis Rd. U:4

5

2

1f 1h

2/3 Family

$365,000

53 Pine St. U:53

8

3

2f 0h

2/3 Family

$419,000

21 Trowbridge St. U:2

8

4

1f 1h

2/3 Family

$549,000

4 A Bacon St. U:4A

6

3

2f 1h

Townhouse

$565,000

86 Summer St. U:14C

8

3

2f 1h

Townhouse

$595,000

The Patron Saint of... Real Estate?

People seek luck and fortune through any number of symbols - rabbit's feet, horseshoes, four leaf clovers, shooting stars, shiny pennies, or wishbones.

But you won't find any of these symbols buried upside down in your yard. What you might find, however, is St. Joseph, the Patron Saint of real estate.

Zillow recently covered the topic in this article, Can't Sell Your Home? Bury a Saint. In speaking with some folks we found many were surprised to learn that this not only true, but widely practiced in real estate circles around the country and the world.

 

It goes something like this: Secure the client, list the home, run the ads, show to buyers, bury the saint upside down, either facing the house or the street (there are variations as to the burying and placement). This is not just for the religious - you don't need to be Catholic to call upon the heavenly top producer - you just need a bit of dirt and an open mind. 

While Snopes (the Internet reference source for urban legends, folklore, myths, rumors, and misinformation) has the practice in the 'urban legend' category, St. Joseph sales have been cited as something of an economic indicator by others:

 

 "'In the past, we've seen some upticks in sales of the [St. Joseph] kits whenever there's a sign that the housing market is on the skids,' said Nicholas Cole, director of marketing for a Charlotte, NC company that sells religious items online. Cole was quoted by The New York Times in 2009 -- during a particularly low point of the real estate market." 

So if you've sold your home or are in the process and have noticed a patch of grass or garden that looks a little askew, it might not be the chipmunk or squirrel you assume it to be.

 

And if you're wondering if Steve McKenna and the Home Advantage Team sneak out in the middle of the night with Saint and shovel in hand, well, you know we'll never tell. But we will say that our own hard work and reputation are what we rely on to sell homes and to be the best real estate team in Arlington Mass. 

Amen.

 

Spotlight: Arlington Home of the Week, 92 Hemlock Street

It's going to be a hot one! But that won't slow down this cool listing, along with many other new listings around the neighborhood this weekend. As we said, the dog days of summer are over when it comes to home sales - and the Arlington real estate market is charging ahead.



Just remember, when you're out and about this weekend, be sure to check on your elderly neighbors and give your pets some extra water. And in between house hunting you can cool down at the Arlington Reservoir Beach, or the North Union Street Spray Pond near the Thompson School. For more details visit www.arlingtonma.gov/recreation

92 Hemlock Street:
This is a very special Colonial located in the "Blue Ribbon Award Winning" Stratton School District. Extremely bright and cheery, this meticulous 4+ bedroom home is an absolute gem and reflects true pride of ownership throughout. Feel right at home from the moment you open the front door and see the lovely fireplace in the living room. It has a perfect set-up for entertaining with the open kitchen/dining room. There's a home office, terrific family/play room, a private rear deck and so much more. A must see! (MLS PIN # 71408531)



What's Nearby: East Arlington shops and restaurants, Minuteman Bikeway, public transportation, Stratton School.


Listed: $539,000


Scroll down to see other new listings in Arlington this weekend, and happy house hunting!


SINGLE FAMILY


Address

Rooms

Bed

Bath

Style

Price

25 Lawrence Ln.

6

3

2f 0h

Ranch

$449,000

6 Virginia Rd.

9

3

2f 0h

Ranch

$490,000

92 Hemlock St.

9

4

1f 1h

Colonial

$539,000

15 Montague St.

8

4

2f 1h

Victorian

$670,000

157 Lowell St.

8

4

3f 1h

Victorian

$819,000


CONDO


Address

Rooms

Bed

Bath

Style

Price

15 Old Colony Ln. U:10

3

1

1f 0h

Garden

$140,000

9 Bowdoin St. U:9

5

2

1f 0h

2/3 Family

$310,000

127 Madison Ave. U:2

5

2

1f 1h

Townhouse

$329,000

82 Webster St. U:82

5

2

1f 0h

2/3 Family

$347,000

168 Highland Ave. U:1

6

2

1f 0h

2/3 Family

$369,900


MULTI-FAMILY


Address

Rooms

Bed

Bath

Style

Price

34-36 Coleman Rd.

11

5

2f 0h

2 Family - 2 Up/Down

$539,000

51 Cleveland St.

12

5

2f 0h

2 Family

$675,000



Selling Your Home in the Dog Days

Typically spring and fall are hotter than summer when it comes to home sales. But this is not your typical summer. We are coming off one of the toughest economic downturns in recent history, which had both home buyers and sellers sitting on the sidelines, waiting for the market to rebound.



When we turned the corner into 2012, the real estate market turned with it. Buyers that were waiting it out started coming to open houses in droves. Sellers in the meantime - wanting to be sure they get the most return on their investments - have been slower to come to the table. This has resulted in relatively low inventory for a backlog of willing and able buyers ready to find the home they've been dreaming of.

Take it from our expert with a nose for real estate, Cooper, the dog days are over - at least when it comes to selling a home in the summer.


Rather than wait until everyone comes back from vacation, sellers have a unique opportunity to tap into a pool of frustrated buyers that have been stuck looking at a limited supply of homes. Sellers who choose to wait until after Labor Day will likely have more competition and a shorter window of opportunity before things slow down again for the holidays.


A bonus of selling your home in the dog days of summer? Timing open houses and viewings while you are away on vacation equals a lot less stress and hassle.


So as you sip your lemonade and take a dip in the pool, think about where you would like to be 3-5 months from now - settled in your new home? Or just starting to sniff out the process?

Breaking Down the Ups-and-Downs of Real Estate News

It's as if Katy Perrysang her song about the real estate market, 'you're hot then you're cold, you're yes then you're no, you're in then you're out, you're up then you're down.'

With all of the ups and downs of housing data that flows across the news ticker, you have to sometimes wonder what to believe. National and local trends don't always align, foreclosures and short-sales hit some areas harder than others, inventory is high in one town but not another, etc.

All of these factor into what can be a real estate roller coaster ride of information. However, when everyone's Magic 8 Ball seems to be aligned - with all signs pointing up - you can begin to see the longer-term trends taking shape.

We pulled together some of the latest housing data sound bites from national, local and industry sources. Each seems to be singing from the same playbook, which is a big step towards real estate harmony for homeowners.

As always -- whether the market is up or down -- it is equally important to consult a professional who can orchestrate the ins and outs of the real estate market for your town and neighborhood.

Housing: Even the Eeyore Index Shows Price Gains - Time Moneyland I've come to think of Case-Shiller as the glummest guest at the party, a sort of 'Eeyore Index.' Because of that, a turn in Case-Shiller from grim to glad seems to carry extra weight, and that's what happened this month with the [home price] numbers released this morning.

 

Single-family home sales rose 7.6 percent, reaching the highest level since April 2010. Year-over-year, total new-home sales were up nearly 20 percent. Prices are rising too, with new homes seeing a 5.6 percent increase over year ago levels.

 

'The increase in April sales activity is in line with other important housing measures that have shown continued, gradual improvement from the first quarter as more consumers look to take advantage of today's low interest rates and affordable home prices,' noted National Association of Home Builders (NAHB) Chairman Barry Rutenberg.

 

Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan dropped to 3.66% from 3.71% last week. It's the lowest rate since long-term mortgages began in the 1950s.

 

The May 2012 total was the largest number of single-family homes sold in Massachusetts since June 2010, said the Warren Group, a Boston firm that tracks real estate activity.