Home Buying in 02109>Question Details

Skisorcat, Home Buyer in Asheville, NC

when do you predict home values to increase in the waterfront area of boston?

Asked by Skisorcat, Asheville, NC Mon Jul 9, 2012

I am a seller of 2 properties in this area.

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Answers

10
I think NOW is the time. Everything is going up in the Boston area.
We are back to over-asking purchases.
The time is now.
1 vote Thank Flag Link Tue Jul 31, 2012
Values are definitely on the raise because inventory is so low. I put a unit in the North End on the market at the end of March and we had a bidding war. The seller got $20K over asking. It really depends on the property and when you purchased it. Let me know if you want to talk more about your specific property.
1 vote Thank Flag Link Mon Jul 9, 2012
Give me a call anytime. I love to talk Real Estate and love even more, doing Real Estate deals. Thank you.

Carey T. Hansen
"Your Real Estate Agent today, tommorow and into the Next Generation"

NextGen Realty
1243 Commonwealth Ave.
Allston Ma 02134
Phone: 617-548-7236
Fax : 888-875-6973
chansen@nextgenrealty.com
Licensed Real Estate Professional
0 votes Thank Flag Link Thu Aug 9, 2012
I could answer as other agents here have, but first and foremost your home has to appeal to the buyer - and to do that you should have it ready to show a buyer with fresh paint (everyone wants new), updated baths and kitchens.No one is looking to do renovations themselves, or hire people to do them....(they don't have the time in
the price range your properties are going to be priced at) or want the interruption from their daily lives.. The waterfront is in demand, but you have to be ready for the picky buyer :) ......that being said, the Boston market prices, Back Bay, south End, Charlestown etc. are on the rise. do to low low inventory. If you want to sell, your competition is limited, but to stand out and sell, make the property like it was a model home.. If you would like a market analysis on your property you are welcome to contact me or have questions about the Boston market please feel free to contact me.
I have been a Realtor a long time and would be glad to assist you.
0 votes Thank Flag Link Tue Aug 7, 2012
Prices are def. increasing cause there is not a lot of inventory. If you are thinking of buying do it now cause prices will increase drastically.

Good Luck
0 votes Thank Flag Link Tue Jul 31, 2012
One piece of info missing from our previous post:


Previous year, 1/31/2011 - 7/31/2012:
Total sold: 62
Web Reference: http://territory.com/
0 votes Thank Flag Link Tue Jul 31, 2012
Inventory is low which drives prices up when there is demand.

Hard facts:

Total sales in the last 6 months (1/31/2012 - 7/31/2012: 79
Average Days on Market: 136
Median price: $780,000

Previous year, 1/31/2011 - 7/31/2012:
Average Days on Market: 136
Median Price: $694,250

11% increase in median price from 2011.

Territory.com
Boston's Premier Buyer Brokerage
Web Reference: http://territory.com/
0 votes Thank Flag Link Tue Jul 31, 2012
Who says values haven't already increased on the waterfront? It all depends on what you have to sell.
Right now, you may have already missed the best seasonal opportunity to sell until the fall market. Overall the waterfront is a great market. There is such a limited supply of good inventory which keeps steady upward pressure on pricing.
As far as predictions go......if I knew the future I would be in Vegas.
0 votes Thank Flag Link Mon Jul 9, 2012
I could have interest ,please give me a call at 617-510-8682
by the way properties has been going up in price for the last 3 years
0 votes Thank Flag Link Mon Jul 9, 2012
Hi there,
Prices are getting higher throughout Boston, and including the Waterfront area.
I have interested clients. Please email me the details of your properties: CH@BLRboston.com
We would love to list them for you as well.
Best regards,
http://BostonLuxuryResidential.com
My cell: 617-407-9740
0 votes Thank Flag Link Mon Jul 9, 2012
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