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Market Conditions in Lowell : Real Estate Advice

  • All88
  • Local Info8
  • Home Buying25
  • Home Selling5
  • Market Conditions4

Activity 5
Tue Jan 17, 2012
Dave Nuccio answered:
I'd be happy to explore this issue with you. Give me a call or send an email and we can chat. Birchwood Eight Realty / Broker
0 votes 10 answers Share Flag
Mon Mar 14, 2011
Christine Moran Realtor & Notary answered:
Send me an email of what areas you are looking in and I can send you all of the current listings for properties that have been on for a while.
0 votes 2 answers Share Flag
Wed Dec 30, 2009
Ken Lambert answered:
Hello Dpg: Good question. So, you paid $340K and added about $17K since to it. That's $357K total, 3 1/2 years ago. I'd say you're right in the ballpark at it being worth in reality about $300K in today's market. That would be down about 15-16% since the high. That's about right for most of our area.
If its a basement, how are you adding 500 SF of Living Area above grade? Basements are defined by being below grade. The only way around this is if it is a walk-out basement; then you may be able to call "some" of your finished area there "above grade" to include it within a new GLA.
I assume the Condo Board approved you doing this internal work? Whne you go to sell it, the new buyer or their bank will want to know that the improvement was done in compliance with the condo bylaws and also the town's codes. I'm sure you know that...
Please contact me if I can be of any help. Good luck,

Ken L.
... more
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Mon Mar 21, 2011
Ken Lambert answered:
Hi Anne- Lowell really runs the gamut. For starters, there are 5 zip codes in the the city- and you can check data and crime info via zip on Trulia and on, etc.
Read the Lowell Sun to get an idea of what is going on in different areas there.

I assume you don't live anywhere near Lowell?
I'm a mortgage loan officer, and also do some RE investing myself. If you'd like to talk sometime, please let me know. You can call or email me directly... Thanks and good luck,

Ken L.
... more
0 votes 3 answers Share Flag
Tue Jul 8, 2008
Mark Tavenner answered:
I think we are moving into a good spring market. Depending on the price and condition of the loft good homes are selling for asking price. But only when they are priced right. Pay close attention to market conditions and it will sell. ... more
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Market Conditions in Popular Lowell Neighborhoods