Categories
Uncategorized

Milton MA Single Family Market Report Jan 2020

Milton MA real estate

Milton MA Single Family Market Report Jan 2020. This report is from our local MLSPIN which includes all properties on the market using the MLS. There are some For Sale By Owners (FSBO) that are not included. You can find those homes on Zillow, Craigs List and other platforms not affiliated with professional real estate. There are 60 properties on this months list

Single Family New Listings: 3 Median Liv. Area SqFt: 1,746 Median List $: $625,000 Median List $/SqFt: $374 Median DOM: 1

Single Family Active Listings: 21 Median Liv. Area SqFt: 4,031 Median List $: $1,295,000 Median List $/SqFt: $357 Median DOM: 96

So 24 homes are actively on the market now.

Single Family Contingent Listings: 5 Median Liv. Area SqFt: 3,822 Median List $: $1,079,000 Median List $/SqFt: $339 Median DOM: 12 Median DTO: 6

Single Family Under Agreement Listings: 11 Median Liv. Area SqFt: 2,503 Median List $: $1,065,000 Median List $/SqFt: $327 Median DOM: 60 Median DTO: 45

These are the homes that will be sold next month, there are 16 of these homes.

Single Family Sold Listings: 13 Median Liv. Area SqFt: 1,863 Median List $: $687,000 Median List $/SqFt: $405 Median DOM: 27 Median DTO: 11 Median Sale $: $700,000 Median Sale $/SqFt: $408

With 13 SOLD and next month a possible 16 to be sold, there is less than 2 months inventory of Active houses. This is a Sellers Market by definition.  6 months of inventory is a normal market.

Single Family Temporarily Withdrawn Listings: 6 Median Liv. Area SqFt: 2,448 Median List $: $964,500 Median List $/SqFt: $424 Median DOM: 62

Single Family Expired Listings: 1 Median Liv. Area SqFt: 2,802 Median List $: $1,049,000 Median List $/SqFt: $374 Median DOM: 163

These homes withdrawn from the market or expired are those listings that suffered from too high a price for the property or an agent who does not know how to get as many people looking at the property and interested in it to make an offer. These issues are correctable when you work with a professional who can guide you through the process and has a proven record of getting the most for his properties. This has been the Milton MA Single Family Market Report Jan 2020

Categories
Uncategorized

Milton Residential Single Family Market Report January 2020

Milton, MA 02186

Milton Residential Single Family Market Report January 2020, this report comes from statistics gathered from the Multiple Listing Service in the Boston Area, MLSPIN. Of the 69 Active, UAG, Sold, etc homes in the market right now.  Single Family Active Listings: 23 Median Liv. Area SqFt: 4,741 Median List $: $1,440,000 Median List $/SqFt: $323 Median DOM: 103 The 103 Days on Market could be a reflection of the holidays, that is a long time for a good market.

Single Family Contingent Listings: 6 Median Liv. Area SqFt: 2,762 Median List $: $949,500 Median List $/SqFt: $317 Median DOM: 66.5 Median DTO: 59.5

Single Family Under Agreement Listings: 7 Median Liv. Area SqFt: 2,628 Median List $: $839,000 Median List $/SqFt: $350 Median DOM: 72 Median DTO: 58

These two statistics show a better Days On Market and probably are better priced by the agent. The consumer has access to pricing information so guessing at the right price, or over valuing your home will keep it on the market.

milton-hillside-town-sign

Single Family Sold Listings: 23 Median Liv. Area SqFt: 2,075 Median List $: $700,000 Median List $/SqFt: $337 Median DOM: 59 Median DTO: 27 Median Sale $: $700,000 Median Sale $/SqFt: $337  Right here is where we see it is still a good Seller’s market with 23 properties sold. That gives us a little over 3 months of inventory which is a Sellers Market.

Single Family Expired Listings: 9 Median Liv. Area SqFt: 4,553 Median List $: $1,295,000 Median List $/SqFt: $311 Median DOM: 118  Well with these days at 118 on market it means more of the inventory will be going expired soon. Interest rates will remain low over the next several months. Of course these things can change if world or local situations change a well. Milton is an active community with several social media sites to keep you informed. Milton Neighbors UNCENSORED, Milton Neighbors, Milton Scene. Any and all of these sites will give you a flavor of what the people who live here are talking about right now. Milton Residential Single Family Market Report January 2020

Categories
Archive Blog Boston Boston Back Bay Featured For Agents For Buyers For Sellers Larry Lawfer MA Milton Seller

Not all clients are created equal; Hindsight is always crystal clear.

Not all clients are created equal; Hindsight is always crystal clear. “What we have here is a failure to communicate,” a line from Cool Hand Luke, a movie from 1967 starring Paul Newman. Communications, in real estate, is most often the reason for there to be no meeting of the minds. Without  meeting of the minds, there is no agreement.

I met the whole family in the living room of their mother who had lived in the house for many years. Mother was going to join Daughter in her home, they were selling the original home  and it went on the market.

Anatomy-Failure-Sale

In my first 128 days I brought the same buyer back twice with an offer of $615,000 and $10,000 back at closing, effectively $605,000.  Because I was unable to explain the value of this offer in a way that the Seller would accept the offer that is best for them I failed. What I learned it is not just that facts that are important, it is the manner in which the facts are shared.

In real estate people don’t always make rational decisions, it is often based on emotion.  Once the emotion is right, then the Buyer looks for data to support that decision.  The job of a good agent is to provide all the necessary information so the Seller can make the best decision for them. That is al. I feel sorry these people lost $30,000 and almost another year, we have all moved on. I, for certain, learned with this one. The trick to being successful is not making the same mistakes twice.

Not all clients are created equal; Hindsight is always crystal clear. If your mind is focused on providing people with their best options the best you can. Learn along the way. Always meet in person, never over the phone, if your client is a physician, only their job is life and death, not yours.Not all clients are created equal; Hindsight is always crystal clear. 

Categories
Archive Blog Buyer Featured For Buyers Larry Lawfer MA Milton Realtor® Seller

Large Flat Yard Single Family Home in Milton MA 02186

187brookrdmiltonma02186-backyard3
187brookrdmiltonma02186-backyard3

Large Flat Yard Single Family Home in Milton MA 02186 is easy to find if you know 187 Brook Road.  This 4 bedroom home has an extended yard that is flat.  Most yards aren’t big enough for wiffle ball, you could play a mini football game in this yard.  Living in Milton MA means that you have access to the city quite easily since Brook Road is right off the Red line. The Capen St Red line stop is only 4 blocks away. The bus line stops on Brook Road.  Tucker Elementary School is only 2 and a half blocks away and St Mary’s Parochial School is right across the street.  Milton Middle School is two blocks down the street past the large fields where soccer, baseball, softball and tennis are played regularly.  Milton Academy is also right off Brook Rd and all of these schools are good to great.

187brookrdmiltonma02186-backyard2
187brookrdmiltonma02186-backyard2

If you have an extended family this 4 bedroom home as 3 rooms in the finished basement that are set up like bedrooms but can not be called that by an agent because they are below grade.  One of the rooms allows you to walk outside through the bulkhead.  The kitchen was redone and included granite counters and very nice appliances.  There is a breakfast bar where you can sit informally and looks over the more formal dining room with fireplace.  The house has a circular flow about it and it has been the home for a nice family for many years.  Kids have grown up and now it is time to offer it to the next lucky family.

187-brook-rd-milton-ma-02186-realbird
187-brook-rd-milton-ma-02186-realbird

Milton is a town direclty South of Boston and is touched on the East by Quincy, on the South by Braintree, Randolph and Canton, on the West by Dedham, Hyde Park, and Mattapan.  There are the Blue Hills Reservation for hiking, biking, and skiing during the season.  Easy access to highways make this location superb.  This is for you if you are looking for a Large Flat Yard Single Family Home in Milton MA 02186

Categories
Archive Blog Buyer Featured For Buyers For Sellers Housing Market Updates Larry Lawfer market reports Milton Seller

Milton MA 02186 great real estate opportunities for buyers

187BrookRdMiltonMA02186-Backyrd2
187BrookRdMiltonMA02186-Backyrd2

Milton MA 02186 great real estate opportunities for buyers and for sellers. Compared to surrounding towns Milton MA real estate has been strong. Compared to most of the surround suburbs of Boston Milton over the last few years has had significant equity growth.  While that trend has slowed in this past month it does not negate the existing growth.  Buying a home is a big investment which can pay big rewards should you buy correctly.  It is often said that you make your money when you buy your house, not when you sell it.  Simply stated you do not want to buy the most expensive house on the block. What you want is a good house in a good neighborhood that is on the cusp of change.  Neighborhood changes come in cycles.  When you see one sold sign go up on the block you can assume there will be a couple of more.

187-brook-rd-milton-ma-02186-kitchen2
187-brook-rd-milton-ma-02186-kitchen2

Buying a great home is a process.  It is about the location, the price and the condition and it is about affordability and the potential for growing your equity.  Quite often the people who move into a block at the same time will be considering moving at the same time.  Armed with this kind of deeper understanding of the process makes for a savvy search.  Working with a professional is always a bonus.  It is true you can find a great deal of information here on the interweb and a lot of it is true.  What a professional brings to the table is a deeper understanding of what is true and what is factual.

187-brook-rd-milton-ma-02186-bar-dining-living-1
187-brook-rd-milton-ma-02186-bar-dining-living-1

187 Brook Rd Milton MA 02186 is a four bedroom with several bonus rooms for growth. The yard is flat and larger than it’s neighbors.  The kitchen was redone several years ago and the floors were refinished this year.  Walls were repainted and this is a move in ready home.  This is a Milton MA 02186 great real estate opportunities for buyers