Blog :: 10-2014

Spotlight: Arlington Home of the Week!

Q: What do you do when 50 zombies surround your house? A: Hope it's Halloween!!

Happy Halloween, Arlington! There will be plenty of witches and goblins out and about in your neighborhood and at Trick or Treat Arlington today. It is sure to be spook-tacular! As always, stay safe and have fun!

Also be sure to check out our Spotlight Home of the week! A wonderful place to call home located in Arlington Heights, this place is all treat!

447 Appleton St.  

447 AppletonMove right in for the holidays! Stunning new home built in 2013 with open floor plan, custom features and contemporary flair. The kitchen is beautiful with a custom island and stainless steel appliances and it's open to the dining room and living room, which makes it perfect for entertaining. There are three spacious bedrooms on the second floor with a full size bathroom and laundry area. The third floor offers a magnificent master bedroom suite with private bath and walk-in closet. Don't be fooled by the square footage; the floor plan is thoughtful, efficient and is very spacious providing quality features throughout. The rear yard is private and quite large with a fence. This is truly a great home and you have to see it. (MLS# 71763251)

Listed: $749,000

What's Nearby: Arlington Heights shops and restaurants, Mass. Ave., Minuteman Bikeway, Route 2, public transportation, Dallin School.

Arlington Real Estate 

SINGLE FAMILY 

Address Rooms Bed Bath Style Price
57 Aerial St. 7 room 3 2f Colonial $395,000
31 Park St. 8 room 4 2f 1h Colonial $424,900
50 Hathaway Cir. 6 room 3 2f Ranch $529,000
359 Appleton St. 7 room 3 2f Bungalow $545,000
60 Florence Ave. 7 room 3 1f 1h Colonial $635,000
447 Appleton St . 7 room 4 2f 1h Colonial $749,000

 CONDO 

Address Rooms Bed Bath Style Price
89 Decatur St. U:1 4 2 1f 1h 2/3 Family $409,900
85 Webster St. U:85 8 2 1f 1h 2/3 Family $499,900
87 Webster St. U:87 9 4 2f 2/3 Family $579,900

 

REAL-ity Check

Real Estate - Real Report. This year we've seen it all - low inventory, increase in sale prices, and an extremely competitive market for buyers. Arlington is one of the hottest communities and Greater Boston real estate just got real.

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But are things changing? We're out there every day in the real estate trenches, and we're sensing a shift. Inventory is starting to creep up, the overbidding is starting to slow down and homes for sale are starting to sit just a little...bit...longer.

Yes, prices have been on the uptick and Arlington has been one of the top markets for sellers in Greater Boston.* According to our most recent report, the average sales price for single family homes in Arlington is up 13.7%, the average sales price for condominiums in Arlington is up 18% and the average sales price for multi-family homes in Arlington is up 9.5% as compared to the same time frame last year.** We, along with analysts, are predicting that prices are set to stabilize, inventory to increase and the pendulum to swing back to a more traditional market. We anticipate more listings coming on the market in the spring. The sale prices that your neighbors received may not be achievable in 2015 with the influx of inventory.

As a home seller, you want the least amount of competition when selling your home. This means it is time to start planning. We have the team in place to help you prepare! If selling your home has been on your mind, it's time to take action and call Steve McKenna & The Home Advantage Team (Arlington's #1 Real Estate Team) at 781-645-0505 to discuss a plan and strategy that works for you.

(January 1- September 30, 2013 vs 2104 Year to Date Comparison )

Single Family Homes

2013 Total Sales YTD: 196   Avg. List$: $577,503   Avg. DOM: 27.55   Avg. Sale$: $595,320  

2014 Total Sales YTD: 209   Avg. List$: $653,500   Avg. DOM: 22.31   Avg. Sale$: $677,044  

Average Sale Price Increased 13.7% from 2013 - 2014 YTD

Condominiums

2013 Total Sales YTD: 209   Avg. List$: $376,592  Avg. DOM: 31.36   Avg. Sale$: $383,210  

2014 Total Sales YTD: 186   Avg. List$: $440,768   Avg. DOM: 46.74   Avg. Sale$: $452,366  

Average Sale Price Increased 18% from 2013-2014 YTD

Multi Family Style Homes

2013 Total Sales YTD: 36   Avg. List$: $593,911   Avg. DOM: 22.86   Avg. Sale$: $606,664  

2014 Total Sales YTD: 26   Avg. List$: $647,719   Avg. DOM: 38.35   Avg. Sale$: $664,750  

Average Sale Price Increased 9.5% from 2013-2014 YTD

 

*Boston.com  

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

***Comparison is based upon sales recorded in MLS and does not take into considerations size, location, style or condition of each property.

image via: WikimediaCommons

Spotlight: Arlington Home of the Week!

Do you have your costume yet? Halloween is just a week away and the festivities are already beginning! If you're looking for ideas here are the top costumes from 2013.

Top Children's Costumes

1 Princess - 8.2%

2 Animal - 6.1%

3 Batman - 5.4%

Top Adult Costumes

1 Witch - 9.6%

2 Batman - 5.4%

3 Vampire - 5.0%

Top Pet Costumes

1 Pumpkin - 7.9%

2 Hot Dog - 6.9%

3 Cat - 4.8% 

*source CNN.com

Want to get started on the family fun? Ready, Set, Kids! in Arlington is hosting a Halloween Bash for kids from 3:00 p.m. -5:30 p.m. on Sunday, Oct. 26. Admission is free with a donation to the Arlington Food Pantry - either two non-perishable food items or a $5 donation per family.

In the meantime, check out our Spotlight Home of the Week!  With the opportunity to renovate as you see fit, this home is all treat, no tricks!

140-142 Palmer St.  

140 Palmer

Attention contractors and handy people! This is the home you have been waiting for. Ideally located between lower Mystic Lake and Arlington Center you are afforded the opportunity to enjoy nature, running trails, shops, restaurants, and close proximity to public transportation as well as major routes. This classic two family home features 2 bedrooms on the first floor and 3 bedrooms on the second floor, front and rear porches, parking, and lots of basement storage. This property is being offered as is and awaits your renovations and decorating ideas. (MLS# 71760728)

Listed: $619,000

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

Arlington Real Estate 

SINGLE FAMILY 

Address Rooms Bed Bath Style Price
75 Florence Ave. 7 3 3f 0h Colonial $929,000
3 Crescent Hill Ave. 9 4 1f 1h Victorian $599,000

 CONDO 

Address Rooms Bed Bath Style Price
990 Mass Ave. U:E50 3 1 1f 1h Hi-Rise $319,000
100 Pleasant St. U:31 4 2 2f 0h Other (See Remarks) $439,000
993 Mass Ave. U:125 3 1 1f 1h Loft $249,900
102 Forest St. U:102 6 3 1f 0h Townhouse $359,000

MULTI-FAMILY  

Address Rooms Bed Bath Style Price
5-7 Homestead Rd. 11 5 2f 0h 2 Family - 2 Up/Down $689,900
9 Trowbridge St. 13 6 2f 0h 2 Family $695,000
45-47 Decatur St. 13 4 2f 0h 2 Family $659,000
140-142 Palmer St. 11 5 3f 0h 2 Family $619,000

 

From Buyer Beware to Buyer Prepared!

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Join Steve McKenna and The Home Advantage Team for a FREE Buyer Seminar!

Please join us at Retro Burger in Arlington for a fun and informative evening with Steve McKenna   and The Home Advantage Team, Allyson Kreycik (Mortgage Lender at Guaranteed Rate) and Marisa Gregg (Attorney at Clark, Hunt, Ahern & Embry).

burgers - chicken sandwiches - french fries - soft drinks will be served

Come prepared with all of your questions about becoming a homeowner!

If you missed out on buying a home in 2014, Arlington's #1 Real Estate Agent & Team wants to   prepare you for buying your new home in 2015!

 

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Monday, November 3, 2014

Retro Burger

795 Massachusetts Ave, Arlington, MA 02476

5:30pm--7:30pm

Limited seating available!

Please RSVP by October 24

Email: kristen@yourhomeforsale.com


Receive up to a $1,000 credittoward closing costs by attending this seminar and using Steve McKenna & The Home Advantage Team as your agent!

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    October is National Energy Awareness Month!

    When it comes to saving money, it pays to be aware of how much energy you are using in your home. October is Energy Awareness Month, a national effort to emphasize the importance energy efficiency. As the temperature chills, what better time to warm up to this idea.

    As you may or may not know, Massachusetts offers a Mass Save Home Energy Assessment,a no-cost assessment that includes a personalized report outlining recommended energy efficiency improvements in your home. They'll tell you how to stop money from flying out your windows or going down the drain - literally.

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    Through this program you get free installation of cost-saving measures such as compact fluorescent light bulbs (CFLs), programmable thermostats, and water saving devices - for free. Did we mention it's free?

    Our very own Annie Kelly recently took part in the energy assessment and here's what she had to say:

    "Making your home more energy efficient is one of the best ways to impact the bottom line costs of maintaining a home. The fact that the Mass Save Program is free and easy makes it a no-brainer."

    To put it in perspective, this chart from Energy.gov show how much we consume as a state. For example, the average Massachusetts consumer uses enough energy annually to send Marty from Back to the Future 105 times! So that's way more than 1.21 gigawatts!

    Be sure to check out the Mass Save Program for your home this October - just a little effort can save you a lot of energy in the long run.

     

    image via: Dollarphotoclub

    Top 10 Reasons to Sell Your Home this Winter

     

    That's right. We said it. WINTER. We know it is only October, but just like the squirrels - it's important to be prepared as winter sets in. If you are a homeowner thinking of selling next year, it's time to get the snowball rolling.

    As a home seller, you want the least amount of competition. This means you need to start gathering your proverbial acorns now. Don't be put-off by selling in the 'off' months of the holidays and winter. There are serious buyers out there who are tired of waiting - and they're not likely to pass up the opportunity to buy your home because of the season.

    Take a look at just some of the reasons why you shouldn't be so quick to brush off winter as a time to sell...

    Here are our Top 10 Reasons to Sell Your Home This Winter:

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    1. Less competition means you may sell your home faster and for more money. While everyone else is waiting out winter, you'll have the pick of interested home buyers.

    2. Winter weather doesn't stop buyers from looking online. Today's buyers are educated and they know what they're looking for.

    3. Home buyers aren't going to open houses in negative temps for fun. If they're suiting up with hats, gloves boots and scarves, they mean business.

    4. You can lock in an interest rate in the 4's that is still historically low - Freddie Mac expects the average rate for a 30-year fixed mortgage to reach 5% by the end of 2015.

    5. Employees who are relocating to your area don't have time to wait. This makes for an uber-motivated buyer - they want to get moving so they can get back to work.

    6. Homes with a few tasteful decorations can show well in the winter. And doesn't everyone appreciate fresh flowers in winter just a little bit more?

    7. It's a chance to show off your home's winter assets - cozy fireplace, non-drafty windows, newer insulation, and efficient home heating.

    8. Employees get more time off during the holiday season and have more time for showings. In general, life slows down in the winter, and people have time to plan their home buying strategy.

    9. Loans can be processed quicker because title companies aren't as busy.

    10. The sooner you put the wheels in motion the sooner you can sell and move on with your life.

     

    image via: Dollarphotoclub

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      Spotlight: Arlington Homes of the Week!

      Happy October! The month of changing leaves, cooler days, spooky nights and cozy homes. While you're waiting for your apple pie, apple crisp, or apple crumb to cook, take a look at our Spotlight of the week!

      This condo has great location, walkability and space! You can be in before it's time for pumpkin pie!

      990 Massachusetts Ave.

      OPEN HOUSE: Sunday, 10/5, 11:30 - 1:00

      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
      614 Summer St. 7 4 1f 1h Cape $529,000
      96 Paul Revere Rd. 8 3 3f Cape $675,000
      137 Wachusett Ave. 8 5 4f Contemporary $1,399,000
      169 Mountain Ave. 10 4 2f 1h Colonial $849,000
      189 Mountain Ave. 6 3 2f 1h Colonial $829,900
      9 Montague St. 4 2 2f Antique $639,000
      232 Renfrew St. 7 3 1f 1h Colonial $579,000
      6 Dothan St. 6 3 2f Ranch $429,000

       CONDO 

      Address Rooms Bed Bath Style Price
      215 Mass. Ave. U:41 3 1 1f Hi-Rise $305,000
      3 Brattle St. U:3 9 4 2f 2/3 Family $529,000
      5 Brattle St. U:5 5 2 2f 2/3 Family $399,000

       MULTI-FAMILY  

      Address Rooms Bed Bath Style Price
      155-157 Westminster Ave. 2 unit, 13 total room 4 total   2 Family $769,000