inventory

Spring-spirations!

It’s amazing what a little sunshine and some flowers can do. It’s the first day of Spring and we are enjoying the effects of more daylight and more listings coming on the market!

A slight uptick in inventory also comes with an uptick in competition, so you want to be sure you have a seasoned team of professionals to help you navigate through the spring market.

In the meantime, here are a few favorite flowers from our recent listings to give you some house-hunting spring-spiration!

Now that we planted that seed and got you thinking - give us a call and you could be in your new home by summer!

Arlington MA Spring Real Estate

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    October Real Estate in Arlington - by the Numbers

    Like those pictures you have to stare at and almost go cross-eyed to see the picture within the picture – if you look closely, real estate data reveals the story behind the numbers.

    We took a snapshot of October home sales for single-family, 2-family and condo homes in Arlington for both 2018 and 2019, and we have some interesting comparison findings.

    Arlington Single Family Homes

     

    2018

    2019

    Single-family Homes Sold

    32

    26

    Average List Price

    $867,934

    $985,327

    Average Days to Offer

    16.9

    33.9

    Average Sale Price

    $883,092

    $994,631

     

    As you can see, while there were fewer homes sold in 2019 than 2018, both the average list price and average sale price were up this year. However, the days to offer (DTO) was also up. For home sellers, this means you are more likely to get a good price for your home as values continue to increase. The good new for home buyers is that there is less of a frenzy, and homes are sitting a little longer to give you some breathing room.

    Arlington 2-Family Homes

     

    2018

    2019

    2-family Homes Sold

    8

    5

    Average List Price

    $918,250

    $934,200

    Average Days to Offer

    21.5

    15.8

    Average Sale Price

    $890,125

    $1,010,200

     

    Arlington 2-family home also saw fewer sales in October of 2019 vs. October 2018, and both the average list and sale prices were up. However, properties that are available are selling like hot-cakes. Homeowners should note that the lower inventory and high demand for 2-family homes in Arlington means it could be a great time to sell.

    Arlington Condo Homes

     

    2018

    2019

    Condo Homes Sold

    25

    19

    Average List Price

    $676,484

    $601,605

    Average Days to Offer

    12.9

    12.7

    Average Sale Price

    $700,016

    $611,974

     

    Keeping on-trend, there were fewer condo home sales in 2019 than 2018, but that’s where the similarities end. Both the average list price and average sale price were down in 2019 vs. 2018, and DTO was about the same. This is good news for condo homebuyers who are looking to make a move out of the city and own their own property in a vibrant community.

    Overall, we are seeing a loosening of inventory but home values continue to rise. This gives homebuyers a little more command over their situation, but home sellers should still feel confident about getting a good value on the sale of their home.

    As we get closer to the end of 2019 and set our sights on 2020, we know the market will continue to shift and change. Thinking of buying or selling your home? Contact us and we can break it down for you so you can see, with 2020 clarity, your real estate possibilities in 2020!

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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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