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The Walsh Team's Blog

By The Walsh Team | Agent in 02482
  • Dedham Real Estate - Jan. 2012 - Understanding the Numbers

    Posted Under: Market Conditions in Dedham, Home Buying in Dedham, Home Selling in Dedham  |  March 1, 2012 3:12 PM  |  1,529 views  |  No comments
    Home sales in Dedham continue to move in the right direction. Single-family sales in the
    month of January 2012 are up 87.5% with 15 units sold compared to Jan. 2011 which was
    8. The average sale price is down just 15.3%, from $369,438 to $312,747.
    Dedham is a great town with good commuting and a variety price points. This variety
    makes Dedham affordable to a larger number of buyers. The lower prices have also been
    attractive to first-time buyers, as well as investors.

    Click Here to View our Listings


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    The Walsh Team: Top Producing REALTORS® at the William Raveis office in Wellesley, MA, specializing in Luxury Real Estate, Antique Homes and Estates, Equestrian Properties and ALL other home sales and property types in the Metro West area.
  • Needham Real Estate - Jan. 2012 - Understanding the Numbers

    Posted Under: Market Conditions in Needham, Home Buying in Needham, Home Selling in Needham  |  March 1, 2012 3:10 PM  |  1,485 views  |  No comments
    Needham Single-family home sales are down 30% in the month of January from 10 in
    2011 to 7 in 2012 and the average sale price is down 23% $902,545 to $694,929. But
    don’t let the numbers fool you. While this decrease in the average sale price, presents
    an excellent opportunity for buyers looking to get into Needham, “Spring Market”
    has already started and these numbers are likely to improve dramatically. Needham is
    considered a core town with excellent commuting, great schools and a variety of price
    points.

    Click Here to View our Listings


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    The Walsh Team: Top Producing REALTORS® at the William Raveis office in Wellesley, MA, specializing in Luxury Real Estate, Antique Homes and Estates, Equestrian Properties and ALL other home sales and property types in the Metro West area.
  • Westwood Real Estate - Jan. 2012 - Understanding the Numbers

    Posted Under: Market Conditions in Westwood, Home Buying in Westwood, Home Selling in Westwood  |  March 1, 2012 3:09 PM  |  1,488 views  |  No comments
    Westwood Single-family home sales jumped again, up 50% from 4 units in Jan. 2011 to
    6 in Jan. 2012. What’s more is the average sale price in Westwood leaped 57.3% from
    $536,375 to $843,917! Westwood is one of the hottest markets as of late and is likely to
    continue the boom this Spring. Westwood is another great town and good affordability,
    good commuting and great schools all help Westwood maintain healthy growth.

    Click Here to View our Listings


           facebook     twitter     linkedin           

    The Walsh Team: Top Producing REALTORS® at the William Raveis office in Wellesley, MA, specializing in Luxury Real Estate, Antique Homes and Estates, Equestrian Properties and ALL other home sales and property types in the Metro West area.
  • Wellesley Real Estate - Jan 2012 - Understanding the Numbers

    Posted Under: Market Conditions in Wellesley, Home Buying in Wellesley, Home Selling in Wellesley  |  March 1, 2012 3:08 PM  |  1,549 views  |  No comments
    Sometimes the numbers do lie, as is the case in Wellesley. While Single-family units
    dropped from 21 to 13 sales- down 38.4% in the month of January 2012 compared to
    January 2011, the average sale price soared from $965,498 to $1,234,185. Up 27.8%.
    What this means, is that the larger more expensive homes are selling, which is great news
    and a positive sign for Wellesley real estate. If you have contemplated buying or selling a
    home in Wellesley- NOW is the time! Wellesley is another core town with great schools
    and good commuting. It is more expensive but remains one of the most desirable towns in
    the Commonwealth.

    Click Here to View our Listings


           facebook     twitter     linkedin           

    The Walsh Team: Top Producing REALTORS® at the William Raveis office in Wellesley, MA, specializing in Luxury Real Estate, Antique Homes and Estates, Equestrian Properties and ALL other home sales and property types in the Metro West area.
  • MA: State of Housing Address

    Posted Under: General Area in Needham, Market Conditions in Needham, Moving in Needham  |  January 25, 2012 1:30 PM  |  1,608 views  |  No comments

    Fellow Americans,

    While statewide numbers might be down, Metrowest for the most part, has endured a healthy recovery over the past 12-24 months. Today’s buyers, as a whole, are a bit more savvy and are hunting down what they perceive as being “good deals”. To them, it’s not just about how much land or square footage you get for the money, now more than ever a “good deal” means finding a town with a good reputation, great location good schools and area amenities and good commuting, while still having the best lot and location and best price per square foot for the best price… Typically, the more of these a town has, combined with a variety of homes available at different price points- means that usually real estate in those towns is strong. When you apply these concepts to the towns mentioned below, you start to get a sense for who, why and what is moving.

    Dedham single-family home sales in the month of December 2011 are up 58.3% compared to Dec. 2010. Unit Sales have gone from 13 to 20.
    Dedham condo sales in Dec. 2011 are up 50% from Dec. in 2010. Units have gone from 2 to 3
    Great town with great commuting and a variety price points makes Dedham affordable and attractive to buyers.

    Needham Single-family home sales are up 36.4% in the month of December 2011 compared to December 2010. Units jumped from 22 to 30.
    Condos no change 2 and 2
    Core town, excellent commuting, great schools and a variety of price points and affordability help Needham stay ahead of the pack in Real Estate.

    Wellesley Single-family down 11.4% 26 to 23
    Condos were up 100% from 1 to 2
    Great town, great schools and good commuting but is more expensive, meaning there is less variety in pricing and affordability.

    Westwood Single-family is up 200% 4 to 12
    Westwood condo sales remain unchanged with no data to report
    Great town, good affordability, good commuting and great schools all help Westwood maintain healthy growth.

    In my experience over the past 12-24 months, Baby Boomers looking to down-size, are the ones responsible for spearheading this growth and charge. Most are looking to downsize and have low-maintenance, “turn-key” living. The homes they are down-sizing from, tend to be popular for larger families, looking to get into a town with great schools. Therefore, it is my belief that this positive trend continues over the next 5 years.

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  • "NEW MEDIA" And How it Will Help You Buy or Sell a Home

    Posted Under: Home Buying in Needham, Home Selling in Needham, Tech Tips in Needham  |  August 10, 2011 1:25 PM  |  1,841 views  |  No comments

    My name is Evan Walsh, member of The Walsh Team and Real Estate Agent for

    William Raveis Real Estate - Wellesley, MA. Besides being an agent I am also

    completely emmersed in  Social Media Marketing (Facebook, Twitter, Linked-in,

    etc.), website building (walshteam.com) and blogging- both for my own

    website as well as other local sites including Dover-Sherborn Patch, Medfield

    Patch, Wellesley Patch and Westwood Patch.


    In today's real estate game, with interest rates fluctuating, buyer confidence

    wavering and sellers still trying to maximize profits on the sale of their home-

    it can no longer be "business as usual". You can't expect to reach today's

    modern buyers by advertising in the newspaper or by sending out mailers to

    other neighbors in the area. Today it's about getting more exposure and bang

    for your buck. Home buyers and home sellers want instant access to high

    quality photos- we use a professional photographer for all of our listings,

    videos featuring the property on youtube (ex. click here) , virtual tours with

    interactive floor-plans (ex. click here) and anything else that is going to

    showcase the property WAY beyond some local print media. Now I'm not

    saying there isn't a place for traditional media- it's a great way for "the agent"

    to brand him or herself, but it doesn't reach today's tech savvy buyer and it

    does little to get "mass exposure" for the seller.


    In order to get maximum exposure, today's "successful" Realtor needs an

    incredibly strong web presence. Ask your agent if they have their own personal

    website. Also make sure to ask them about facebook (The Walsh Team

    currently has 4500+ fans on facebook), twitter, linked-in and blogging. If they

    are unfamiliar with any, or how the sites work- MOVE ON... and call me, lol.

    Each one is a neccessity and intergral part of our day to day business. It's one

    of the main reasons we have averaged 30 transactions a year and over

    $150,000,000 in sales for the past 6 years.


    So whether you're buying or selling real estate, make sure you are working

    with someone who is "connected". You shouldn't have to wait all day for a

    call-back and emails and txts should be instant and common practice. In a

    volatile market you need to know that even when your agent is sleeping, he or

    she is still working for you.

  • Decoding Real Estate Listings - A Short Guide to Lingo and Acronyms

    Posted Under: Home Buying in Wellesley, Home Selling in Wellesley, Property Q&A in Wellesley  |  July 26, 2011 8:22 AM  |  1,129 views  |  No comments

    Decoding Real Estate Listings - A Short Guide to Lingo and Acronyms

    Real estate ads are usually full of acronyms and terms that are unfamiliar to first-time buyers. Here's a cheat sheet to let you in on the lingo.

    4B/2B: four bedrooms and two bathrooms

    assum fin: assumable financing

    bedroom: usually a sleeping area with a window and a closet, but the definition varies in different places

    bathroom: There are three types of bathrooms: a full bathroom is a room with a toilet, a sink and a bathtub; a three-quarter bathroom has a toilet, a sink and a shower; a half bathroom or powder room has only a toilet and a sink.

    closing costs: the entire package of miscellaneous expenses paid by the buyer and the seller when the real estate deal closes. These costs include the brokerage commission; mortgage-related fees; escrow or attorney's settlement charges; transfer taxes; recording fees; title insurance and so on. Closing costs are generally paid through escrow.

    CMA: comparative market analysis or competitive market analysis. A CMA is a report that shows prices of homes that are comparable to a subject home and that were recently sold, are currently on the market or were on the market but did not sell within the listing period.

    contingency: a provision of an agreement that keeps the agreement from being fully legally binding until a certain condition is met. One example is a buyer's contractual right to obtain a professional home inspection before purchasing the home.

    dk: deck

    expansion pot'l: expansion potential means that there's extra space on the lot or the possibility of adding a room or even an upper level, subject to local zoning restrictions.

    fab pentrm: fabulous pentroom, a room on top (but under the roof) that has great views

    FDR: formal dining room

    fixture: anything of value that is permanently attached to or a part of real property. Fixtures include installed wall-to-wall carpeting, light fixtures, window coverings, landscaping and so on. Fixtures are a frequent subject of buyer and seller disputes. When in doubt about who will have ownership of fixtures, get it in writing.

    frplc, fplc, FP: fireplace

    gar: garage

    gard: garden

    grmet kit: gourmet kitchen

    HDW, HWF, Hdwd: hardwood floors

    hi ceils: high ceilings

    in-law potential: potential for a separate apartment, subject to local zoning restrictions

    large E-2 plan: one of several floor plans available in a specific building

    listing: an agreement between a real estate agent and a home owner that allows the agent to market and arrange for the sale of the owner's home. The word " listing" is also used to refer to the for-sale home itself. A home being sold by the owner without a real estate agent isn't a " listing," it’s called a FSBO (for sale by owner).

    lo dues: low homeowner's association dues. Do your research to find out just how " low" the dues actually are compared to other dues in the area.

    lock box: locked key-holding device affixed to a for-sale home so real estate professionals can gain entry into the home after obtaining permission from the listing agent

    lsd pkg: leased parking area; it may come with additional cost

    MLS: Multiple Listing Service. An MLS is an organization that collects, compiles and distributes information about homes listed for sale by its members, who are real estate agents. Membership isn't open to the general public, although selected MLS data may be sold to real estate listings Web sites. MLSs are local or regional. There is no MLS covering the whole country.

    nr bst schls: near the best schools

    personal property:movables, such as appliances and furniture

    pot'l: potential

    pvt: private

    pwdr rm: half bathroom or powder room

    real property: real estate is legally called “real property”

    REALTOR®: a real estate agent or sales associate who is a member of the NATIONAL ASSOCIATION OF REALTORS®. Not all real estate agents are REALTORS®.

    title insurance: an insurance policy that protects a lender's or owner's interest in real property from assorted types of unexpected or fraudulent claims of ownership. It's customary for the buyer to pay for the lender's title insurance policy.

    upr: upper floor

    vw, vu, vws, vus: view(s)

    Click Here to View our Listings


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    The Walsh Team: Top Producing REALTORS® at the William Raveis office in Wellesley, MA, specializing in Luxury Real Estate, Antique Homes and Estates, Equestrian Properties and ALL other home sales and property types in the Metro West area.

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