Blog :: 09-2014

Top Ten Signs You Call Arlington Home

10) The Minuteman Bikeway is both a mode of transportation and a recreational option.

9) Sometimes you recognize dogs before you know who their owners are. #ThorndikeFieldDogPark

8) Choosing which great restaurant to go to on a Saturday night is a common problem.

7) You frequent Whole Foods, Trader Joes, Stop n' Shop, and Wilson's Farm just down the road - each for different purposes.

6) You can say you're going to 'The Theater' in town and mean it. #RegentTheater

5) You can say you're going to 'The Beach' in town and mean it. #ArlingtonReservoir

4) Whether you're 6 or 60, at some point you've been down the slides at Robbins Farm Park.

3) The Ed Burns Arena makes winter a little less harsh and a lot more fun.

2) You know the courtyard between Robbins Library and Town Hall is a hidden gem.

1) You wouldn't want to live anywhere else.

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Image via: Balint Radu

 

Medford Real Estate Report

It is no secret that Medford and West Medford homes have been steadily increasing in value. Growing demand has evolved it into one of the most sought-after towns in Greater Boston - close to the city, right on the commuter rail, walkable town with fantastic shops and restaurants, plenty of parks and open space, great schools, and a variety of homes to suit anyone's style or taste.

The average sale price of a single family home in Medford is up 8.4% as compared to the same timeframe last year (see below*). The number of homes available is holding steady with just a 1.7% increase as compared to last year.

Medford is also a popular alternative to Somerville and Cambridge - offering more space yet it still has an urban feel and is easily accessible to Boston. As such, condo prices have seen an 18.9% increase over the same timeframe last year, and a decrease in sold listings (i.e. availability) of 15%.

The average price of multi-family homes have seen a jump of 14.2% as compared to the same timeframe last year with average days on market up just 16.3%

Bottom line? Medford real estate is hopping - and now is the time to get in before you're left out!

*Data Source: MLS, January--August 2013 vs. 2014 

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MEDFORD

Single Family

 

1/1/13-8/31/13

Sold Listings: 174    Avg. List$: $415,550       Avg. DOM: 36.85    Avg. Sale$: $416,868   

 

1/1/14-8/31/14

Sold Listings: 177    Avg. List$: $448,011        Avg. DOM: 46.71    Avg. Sale$: $451,718   

 

Condominium

 

1/1/13-8/31/13

Sold Listings: 140    Avg. List$: $306,653    Avg. DOM: 46.78    Avg. Sale$: $305,671

 

1/1/14-8/31/14

Sold Listings: 119    Avg. List$: $357,428     Avg. DOM: 50.46    Avg. Sale$: $363,290   

 

Multi-Family

 

1/1/13-8/31/13

Sold Listings: 63    Avg. List$: $501,525    Avg. DOM: 28.54    Avg. Sale$: $507,000   

 

1/1/14-8/31/14

Sold Listings: 77    Avg. List$: $563,482    Avg. DOM: 33.22    Avg. Sale$: $579,091

Q&A With Tracy Wallace - East Arlington's Go-To REALTOR

During a time when many real estate professionals are scaling back to accommodate a market with low inventory, Steve McKenna & The Home Advantage Team is growing!

Tracy Wallace, longtime resident of East Arlington, is the latest real estate professional to join the #1 team in Arlington. As a working mom with a daughter in the school system, she is closely connected to the community and values all that East Arlington has to offer - including the beauty of the two-family home, the multitude of transportation options, and the perfect blend of people and culture.

We spoke with Tracy so she could share her thoughts on joining the team, and why she chooses to call Arlington home.

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Tell us a little bit about your background and expertise.

I've worked in the Boston entertainment industry for over 20 years, in both marketing and sales capacities. I've been a Director of both sales and marketing, marketing new and existing Boston restaurants and nightclubs, as well as overseeing Corporate events ranging from 20-2,000 people.

How do your strengths in sales and marketing play out in real estate?

Marketing is something you need to do 24/7 to be top of mind. The same holds true for real estate - you want to be the one people think of when it comes time to sell or buy a house. My sales strengths are very customer oriented. My job has always been to help my client/customer become comfortable with the process and extremely happy with the results.

How does being a working mom give you an edge in this industry?

First, all moms work! Only the job locations differ :) Working in real estate as a mom in Arlington allows me to share my experiences of being a parent here, including my knowledge of (in no particular order): kids activities, dog parks, schools, after school programs, the bike path, restaurants, public transportation, and of course, where to get the best ice cream.

Why were you interested in joining Steve and the team?

I have always worked in a team environment and I knew that was something important to me. When I met Steve and his team I knew it would be a great fit.

Where do you see yourself in five years?

Hmmmm... an empty nester working more than ever. I like to keep busy!

What do you love most about East Arlington? What makes living here so unique?

I grew up not knowing what a two-family home was. I love the original concept of them - maybe grandparents live on the first floor, and kids and grandkids on the second and third floors. There is something very special about keeping a family all together. East Arlington is such a mix of so many different types of people and ages. Some being new to the area and some living their whole lives in Arlington, but they all have one common thought - "Great Location."

What are the top three things someone moving to Arlington must know?

1) If you have kids, most likely they will play soccer at some time in their youth :)

2 ) You can ride a bike to work, or take the T.

3) If you don't feel like cooking there are plenty of great restaurants to go to.

It's 5 o'clock on a Saturday - what are most likely doing?

Watching the end of my daughter's tennis tournament, walking my pug Miles on the bike path, or figuring out what we will have for dinner.

 

Have a question for Tracy? You can reach her at:

Email: tracy@yourhomeforsale.com

Phone: 781.645.0516

 

Spotlight: Arlington HOMES of the Week!

Feels like pumpkin-spice latte time! Grab one for the road as you make the rounds at the Arlington open houses this weekend. We have three A-MAZING listings this weekend, running the spectrum from spacious and sophisticated, to hip and walkable, to make-it-your-own.

Enjoy a beautiful September weekend and be in your new home before the snow starts falling!

9 Oldham Road

9 Oldham Road

Stunning, young Colonial located in desirable Morningside neighborhood, close to Winchester Country Club! Open the front door and you'll be greeted by the open concept and abundance of natural light! It features a formal living room with fireplace, cathedral ceiling and dining room with wainscoting. Enter the large kitchen with stainless steel appliances, granite counter tops, center-island overlooking a spacious family room with another fireplace. A large three season porch and outside patio are located directly off the family room. Gleaming hardwood floors throughout the first floor! Second floor offers 3 bedrooms and 2 baths, including master suite with walk in closet, private master bath with double sinks, jetted tub, and glass shower. There is an open loft study space that has a dramatic flare. The third floor boasts a 4th bedroom or au-pair/teen suite with full bath. There is lush landscaping with fenced rear yard and a tranquil setting to complete the package. Be home for the holidays in this magnificent newer colonial. (MLS# 71744598)

Listed: $1,149,000

What's Nearby: Arlington Center shops and restaurants, Mass. Ave., Mystic Lakes, Minuteman Bikeway, Winchester Country Club, public transportation.

 

18 Water Street

18 Water Street

Perfectly situated in the heart of Arlington Center this magnificent townhome blends old world charm with modern amenities! One of three units in a fully owner occupied building, this unit features the finest of details both inside and out with an open concept main living level, 3 bedrooms, 2.5 baths, beautiful tiled master shower, central air conditioning, 2nd floor laundry, 2 car parking, patio, and an exquisite courtyard this - unit has it all! There are oversized cabinets, honed granite and stainless steel appliances that make the kitchen a focal point upon entry. The balcony on the 3rd floor overlooking the bike path adds to the many outdoor options this townhome has. This home is located a short distance to the delectable restaurants of Arlington Center, and according to www.walkscore.com, 18 Water Street has a Walk Score of 89 out of 100. This location is Very Walkable so most errands can be accomplished on foot. The perfect home in the perfect location! (MLS# 71745304)

Listed: $649,000

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

 

990 Massachusetts Ave.

990 Mass Ave.

Must-see condo located in the sought-after Kentwood! Located on a bright corner located on the third floor, this unit faces the pool. Featuring an open concept living room and dining room with sliders leading to your personal oversized screened in balcony. The kitchen is set apart from the living area creating a nice separate space. There is one spacious bed and bath on one side of this unit and the master suite is located on the other. The master features a walk through dressing area leading to the master bath. There is ample closet space throughout this unit. Building amenities include in-ground pool, top floor spa, health club, penthouse function room with panoramic views, and roof deck. Area amenities include easy access to public transportation and bike path, close proximity to shops and restaurants, and easy access to major routes. This unit will need some updating which gives buyers the opportunity to make it their own! (MLS# 71745305)

Listed: $339,000

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

 

Arlington Real Estate 

 

SINGLE FAMILY 

Address Rooms Bed Bath Style Price
304 Washington St. 5 2 1f 0h Ranch $399,900
36 Rublee St. 6 3 2f 0h Cape $449,000
28 Brattle Ter. 4 2 1f 0h Ranch $499,900
40 Davis Ave. 6 2 1f 0h Colonial $509,000
29 Claremont Ave. 7 4 3f 0h Cape $549,000
34 Nicod St. 7 3 2f 0h Cape $559,900
36 Hathaway Cir. 8 3 2f 1h Multi-Level $599,000
107 Palmer Rd. 6 3 1f 0h Colonial $599,000
22 Bailey Rd. 8 4 1f 1h Colonial $635,000
8 Richfield Rd. 7 3 1f 0h Colonial $639,000
6 Thesda St. 8 3 3f 1h Colonial $675,000
47 Windmill Ln. 10 3 2f 1h Ranch $799,900
9 Oldham Rd. 10 4 3f 1h Colonial $1,149,000

 CONDO 

Address Rooms Bed Bath Style Price
30 Hamilton Rd. U:201 3 1 1f 0h Garden $239,000
990 Mass. Ave U:32 2 2 2f 0h Hi-Rise $339,000
114 Pleasant St. U:303 4 2 2f 0h Garden $389,000
86 Margaret St. U:86 5 2 1f 0h 2/3 Family $419,000
121 Appleton St. U:121 7 2 1f 0h 2/3 Family $439,000
62 Everett St. U:1 6 2 1f 0h 2/3 Family $439,000
161 Highland Ave. U:161 6 2 1f 0h 2/3 Family $465,000
12 Fairmont St. U:2 7 3 2f 0h 2/3 Family $549,900
17 Thorndike St. U:17 7 3 2f 0h 2/3 Family $579,000
114 Webster St. U:114 7 4 2f 0h 2/3 Family $609,900
18 Water St. U:2 6 3 2f 1h Townhouse $649,000

 

 

West Medford Home Sales Snap Shot

The leaves are falling but the average sale price of homes in Medford are not! Single family homes are up 8.4%, multi families are up 14.2%, and condominiums are up 18.9%!!

The fall market is one of our strongest markets of the year, and home values in Medford are rising! Great location, public transportation, good schools and a beautiful selection of homes have made Medford a preferred Greater Boston community among buyers.

When home sellers want top dollar for their home, they know to call Steve McKenna, Annie Kelly and the Home Advantage Team. From the kitchen table to the closing table, we're your #1 real estate team!

511 High Street SOLD ($535,000): What a location! Wake up and smell the great coffee!

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56 Holton Street SOLD ($545,000): We love our old homes and this one looked like new!

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 133 Jerome Street Unit 133 and 135 SOLD ($525,000, & $555,000): New construction does exist and we have it!

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5 Dianne Road SOLD ($578,000): Easy commute? You bet!

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15 Osborne Road SOLD ($625,000): You CAN find a master suite and family room in West Medford!

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24 Pine Ridge Road SOLD ($800,000): Views of the Mystic Lake! Does it get any better than this?

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Data Source: *MLS, January - August 2013 vs. 2014

Arlington Real Estate Report

On the heels of one of the busiest summers for selling homes, the Arlington fall real estate market is in full swing!

If you've been holding off on selling your current home because you think 'nothing is out there' for you to move into, think again! The number of single family home sales in Arlington is up 9.65% as compared to the same timeframe last year (see below*). This indication of an inventory crunch easing up means more options popping up for home buyers.

The average sales price for single family homes is also up 12.5%. So if you are thinking of selling, chances are you'll still get an amazing price on the sale of your existing home. However, this could change in the near future if inventory continues to rise, causing demand and home values to level off.

Arlington condos have also been hot this year, with the average sales price up 19.59% compared to the same timeframe last year. Boomers looking to downsize, urbanites who don't want yard maintenance, families who want walkability - there is a demand for condo living which means there is an amazing opportunity for condo home sellers right now!

Multi-family home values in Arlington continue to steadily increase with the average sales price up 5.17%. Multi-family homes in Arlington are often fantastic investment opportunities!

So what does this mean for you, potential home seller or home buyer? It means that inventory is showing signs of easing up with more options for home buyers, but home values have not yet reacted making it a great time to sell a home at a great price!

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*Data Source: MLS, January--August 2013 vs. 2014

ARLINGTON

Single Family 

1/1/13-8/31/13

Sold Listings: 176    Avg. List$: $580,887    Avg. DOM: 27.43    Avg. Sale$: $599,407   

1/1/14-8/31/14

Sold Listings: 193    Avg. List$: $650,873    Avg. DOM: 22.38    Avg. Sale$: $674,383

 

Condominiums

1/1/13-8/31/13

Sold Listings: 193      Avg. List$: $371,908    Avg. DOM: 32.61    Avg. Sale$: $377,775

1/1/14-8/31/14

Sold Listings: 119    Avg. List$: $357,428    Avg. DOM: 50.46    Avg. Sale$: $363,290

 

Multi-Family

Sold Listings: 35    Avg. List$: $593,194    Avg. DOM: 23.34    Avg. Sale$: $605,111

1/1/14-8/31/14

Sold Listings: 20    Avg. List$: $615,945    Avg. DOM: 42.25    Avg. Sale$: $636,425

A Nose for East Arlington Real Estate

Hi! My name is Miles. I'm friendly, outgoing, social, energetic, smart and I know the East Arlington neighborhood. I can't work with Steve McKenna & The Home Advantage Team at Bowes Real Estate, but my mom Tracy Wallace can! She's new to the #1 team but not new to East Arlington.

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My mom, Tracy, knows our neighborhood really well! Every day, rain or shine, you can find us out walking the neighborhood, strolling the bike path, or playing fetch at the dog park. I have my snout to the pavement and she has her pulse on the real estate market. We always know what is going on in the neighborhood. If you want to talk about the East Arlington market call or email her; or better yet, stop us if we happen to be walking by.

It's a dog-meet-dog world out there! So I'd like to give a bark-out to my East Arlington pals: Ellie, Peppa, Brody, Bizby, Mr. Hooves, Happy, Eloise, Barney, Bella, Tula, Pumpkin, Jake, Buddy, Bailey, Fozzie, Sam, Alfie, Coco, Lovey, Cali, J.J., Rusty, Dizzy, Chapin and Louie to name a few, and I can't forget a special dog park mention to Harry from Medford and Slim from Somerville.

See you around town!

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Tracy Wallace, REALTOR®

Bowes Real Estate, Real Living

Cell: 617-686-9750 Direct Line: 781-645-0516

Email: tracy@yourhomeforsale.com

 

The Truth about the 'True' Market Value of Your Home

How do you get the true market value of your home?

  1. Have an appraiser assess the property
  2. Check neighborhood comps
  3. Have a REALTOR® provide a market analysis
  4. None of the above

Property value

The answer (maybe surprisingly) is D. The only way to know the true market value of your home is to sell it. And when you sell your home with the #1 team in Arlington you can be confident you're getting the best price for your home based on current market conditions.

Sellers Take Note: If a third party tells you they'll give you 'a great price' for your home so you can bypass a REALTOR®, you are missing out on what the market will pay. Right now low inventory and multiple offers are driving home prices beyond seller expectations.

The truth is, there is an undeniable advantage to working with an experienced team to sell your home. Call Steve McKenna & The Home Advantage Team today and let's get started.

 

Image: Dmitri

Spotlight: Arlington Home of the Week!

It feels like a beach day today but fall is knocking on our door! And opportunity is knocking on yours - we have a great new Morningside listing this week that is ready for you to make your own.

Be sure to check it out and don't forget that Arlington Town Day is next Saturday, 9/13. There will be plenty of activities for everyone -a great way to see all the best of Arlington!

39 Longmeadow Road  

39 Longmeadow

Timeless! This is the quintessential Good Housekeeping home from the 1950's! Beautifully cared for over the past five decades by the current owner, and ready for your updates, this Dutch-style Cape home is perfectly situated on a private lot located in Morningside and offers so many opportunities. The first floor has a spacious living room with fireplace (not used in years), the dining room, a small kitchen, two bedrooms and the bathroom. The second floor has an oversized bedroom with cathedral ceilings and then a huge unfinished area which could be two bedrooms or a master bedroom suite or anything you want it to be. The lower level has a finished "game room" with knotty pine walls and carpeting. There are some updates the owner has recently done, but this home has limitless opportunities. (MLS# 71737955)

Listed: $529,000

What's Nearby: Arlington Center shops and restaurants, Mass. Ave., Mystic Lakes, Minuteman Bikeway, Winchester Country Club, public transportation.

 

Arlington Real Estate 

SINGLE FAMILY 

Address Rooms Bed Bath Style Price
27 Glenburn Rd. 8 4 1f 1h Colonial $649,000
159 Lowell St. 7 4 2f 0h Colonial $574,900
66 Hutchinson Rd. 10 5 4f 1h Colonial $1,185,000
97 Overlook Rd. 7 3 1f 0h Colonial $499,000
11 Teel St. 9 4 3f 1h Victorian $1,149,000
39 Longmeadow Rd. 7 3 1f 0h Gambrel /Dutch $529,000
14 Osceola Path 9 3 2f 1h Ranch $675,000
116 Claremont Ave. 7 3 1f 0h Colonial $595,000
246 Park Ave. 14 6 4f 0h Victorian $1,075,000
54 Crawford St. 5 2 1f 0h Ranch $390,000
23 Beverly Rd. 10 6 2f 0h Colonial $997,000
65 Lafayette St. 5 2 2f 0h Colonial $520,000
1 Brewster Rd. 7 4 1f 0h Colonial $449,000
24 Langley Rd. 9 4 3f 1h Colonial $889,000

 CONDO 

Address Rooms Bed Bath Style Price
163 Park Ave. U:1 7 4 1f 1h 2/3 Family $499,000
15 Mt. Vernon St. U:1 5 2 1f 0h 2/3 Family $399,900
17 Newland Rd. U:17 6 2 1f 0h 2/3 Family $389,000
128 Palmer St. U:128 5 2 1f 0h Townhouse $399,900
26 Laurel St. U:1 6 2 1f 0h Townhouse $399,000
215 Mass. Ave. U:32 3 1 1f 0h Hi-Rise $280,000
215 Mass. Ave. U:43 3 1 1f 0h Hi-Rise $274,000

 MULTI-FAMILY  

Address Rooms Bed Bath Style Price
246 Park Ave. 14 6 4f 0h 2 Family - 2 Up/Down $1,075,000
118-120 Varnum St. 13 4 2f 0h 2 Family $689,900
58-60 Waldo Rd. 12 5 4f 0h 2 Family - 2 Up/Down $725,000