Real estate

Stow MA Real Estate News

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Stow Mass Real Estate Market Review for 2017

There are a total of 14 single family homes that are for sale in the town of Stow at present. At the same time last year there were a total of 11 homes. That represents a 22% increase in inventory.
For Condos and townhomes there are a total of 4 available. which happen to be all new construction. At the same time last year there was a grand total of 3 condos available, so not much of a change. There is a new supply of 55 and over condos available at the “Regency at Stow”. They are priced in the $500’s.
For the year of 2017 there were a total of 81 single family homes sold in the range of $180,000 to $1,210,000. This represents an average sale price of $566,654.00
For condominiums or townhomes in 2017, there were a total of 22 Solds. These were priced in the range of $208,000 to $495,000. This is an average sale price of $409,084.

A breakdown for single family homes:

Avg. Living Area Sq Ft: 2,658.72
Avg. List$: $573,173
Avg. List$/Sq Ft: $225
Avg. DOM: 67.05 ( average days on market)
Avg. DTO: 50.1`2 ( average days to offer)
Avg. Sale$: $566,654
Avg. Sale$/Sq Ft: $223

A breakdown for condos

Average Living Area Sq Ft: 2,055.68
Avg. List$: $416,309
Avg. List$/Sq Ft: $210.
Avg. DOM: 61.68 ( Days on market)
Avg. DTO: 53.82 ( Days to offer)
Avg. Sale$: $409,084
Avg. Sale$/Sq Ft: $206

New construction homes

There are presently 3 new homes available in Stow MA. These homes are priced from $799,000 to $989,000.

The top 3 luxury homes sold in Stow Ma in 2017

1 Apple Blossom Way Stow Mass 01775
This home was sold for $1,084,50 and was listed originally for $1,099,000. It offered 10 rooms, 4 bedrooms , 3 full and 1 half bath. This home was built in 1992, was newly renovated in 2015 and was a total of 5500 sq ft. This home was on the market for a total of 27 days.

128-129 Barton Road Stow, Ma 01775
This home was sold for $1,092,100 and was listed for $1,099,000. Originally built in 2013 this home has fantastic views of Lake Boon. It offered 13 rooms, 4 bedrooms with 4 full baths and 1 half bath. There was a separate 3 car garage with a guest house above. A total of 3968 sq ft. in a beautiful setting. 

2 Taylor Road Stow, MA 01775
A wonderful equestrian retreat on 10.15 acres. This home sold for $1,210,000 and offered 3047 sq ft of living space with a 10 stall barn with private paddocks. On for a total of 454 days and built in 1850 for the antique enthusiast. Included 3 full and 1 half baths with 5 heated garage spaces with a workshop.

Be sure to check in at the end of each month for the latest monthly news to help track the market!

 

 

 

 

Real estate, Real Estate News, Selling Real Estate, Sold luxury homes

Wayland Mass Real Estate Market Review for 2017

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There is a total of 13 single family homes that are for sale in the town of Wayland at present. At the same time last year there were a total of 12 homes. That represents a minimal drop in inventory which is already extremely tight.
For Condos and townhomes there are a total of 3. At the same time last year there was a grand total of 1 condo available!
For the year of 2017 there were a total of 154 single family homes sold in the range of $315,000 to $3,250,000. This represents an average sale price of $835,221.

For condominiums or townhomes in 2017, there were a total of 37 Solds. These were priced in the range of $186,000 to $1,125,000. This is an average sale price of $648,852.

A breakdown for single family homes:

Avg. Living Area Sq. Ft: 2,866.18
Avg. List$: $847,856
Avg. List$/Sq. Ft: $310
Avg. DOM: 62.88 (average days on market)
Avg. DTO: 40.89 (average days to offer)
Avg. Sale$: $835,221
Avg. Sale$/Sq. Ft: $307

A breakdown for condos:

Average Living Area Sq. Ft: 2,152.43
Avg. List$: $659,059
Avg. List$/Sq. Ft: $306
Avg. DOM: 49.78 (Days on market)
Avg. DTO: 30.68 (Days to offer)
Avg. Sale$: $648,852
Avg. Sale$/Sq. Ft: $300

New construction homes

There are presently 2 new homes available in Wayland MA. These homes are priced from $2,250,000 to $2,599,000.

The top 3 luxury homes sold in Wayland Ma in 2017

4 Folsom’s Pond Road Wayland Ma 01778
This home was sold for $2,150,000 and was listed originally for $2,395,000. It offered 18 rooms, 5 bedrooms, 6 full and 2 half baths. This home was built in 1980 and was completely renovated. At 8682 sq. ft this home was a standout! This home was on the market for a total of 92 days.

188 Old Connecticut Path Wayland Ma 01778
This home was sold for $2,340,000 and was listed for $2,495,000. Originally built in 2000 this home has fantastic setting amongst its 3.63 acres. It offered 12 rooms, 6 bedrooms with 7 full baths and 2 half baths. With a total of 8400 sq. ft. and a knockout gunite pool and spa, this is a great residence!

8 Bennett Road Wayland, Ma 01778
A wonderful shingle style home with 8700 sq. ft of living area. This home sold for $3,250,000 and was listed for $3,425,000. On for a total of 26 days and built in 2002 this home was in an exceptional location. This residence offered 15 rooms, 5 bedrooms and 4 full baths with 2 half baths.

 

Be sure to check in at the end of each month for the latest monthly news to help track the market!

 

 

Real estate, Real Estate News, Selling Real Estate, Sold luxury homes

Sudbury MA Real Estate News

Sudbury Longfellows Wayside Inn

Sudbury Mass Real Estate Market Review for 2017

There are a total of 31 single family homes that are for sale in the town of Sudbury at present. At the same time last year there were a total of 44 homes. That represents a 30% drop in inventory.

For Condos and townhomes there are a total of 10, which happen to be all new construction. At the same time last year there was a grand total of 1 condo available!

For the year of 2017 there were a total of 246 single family homes sold  in the range of $301,000 to $1,850,000. This represents an average sale price of $799,450.

For condominiums or townhomes in 2017, there were a total of 23 Solds. These were priced in the range of $235,000 to $865,000. This is an average sale price of $626,348.

A breakdown for single family homes:

Avg. Living Area Sq Ft: 3,187.56

Avg. List$: $814,230

Avg. List$/Sq Ft: $265

Avg. DOM: 75.73 ( average days on market)

Avg. DTO: 50.11 ( average days to offer)

Avg. Sale$: $799,450

Avg. Sale$/Sq Ft: $261


A breakdown for condos:

Average Living Area Sq Ft: 2,776.17

Avg. List$: $634,352

Avg. List$/Sq Ft: $236

Avg. DOM: 50.52 ( Days on market)

Avg. DTO: 34.43  ( Days to offer)

Avg. Sale$: $626,348

Avg. Sale$/Sq Ft: $232


New construction homes

There are presently 7 new homes available in Sudbury MA. These homes are priced from $899,000 to $1,595,000.

The top 3 luxury homes sold in Sudbury Ma in 2017

34 Candy Hill Lane Sudbury, MA 01776
This home was sold for $1,850,000 and was listed originally for $2,235,000. It offered 16 rooms, 6 bedrooms , 6 full and 1 half bath. This was a newly home-built in 2016 and was a total of 6300 sq ft. This home was on the market for a total of 601 days.

24 Kendra Drive Sudbury MA 01776
This home was listed for $1,959,000 and sold for $1,875,000. The MLS shows this home was on for 69 days, but was actually offered several other times through the years and had accumulated many more days on market. This home offered 13 rooms, 4 bedrooms 4 full and 2 half baths with a 3 car garage and was a total of 7072 sq ft.

71 Widows Rite Sudbury Ma 01776
This home was king of the hill for 2017 and sold for $2,090,000, contemporary in style and a beautiful cul-de-sac location. It contained an in-home swimming pool and a full size basketball court. The list price was $1,995,000 and the sale price was $2,090,000. There was a total of 6985 sq ft not including the pool or basketball court. This home also accumulated many days on market and was offered previously to its only 69 days on market as shown on MLS.

Be sure to check in at the end of each month for the latest monthly news to help track the market!

 

 

 

 

 

 

 

 

 

 

 

Bathroom renovations, bathroom renovations on budget, Real estate, Real Estate fix ups on a budget

Quick bathroom fix-ups on a budget

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Not everyone can have a bathroom that looks like this….!

So, If you think your bathroom needs some major renovations, but you aren’t sure you can foot the bill for a full bathroom makeover, there’s good news. While a complete bathroom overhaul can be one of the most expensive projects in your home, little changes can make a big difference.

Read on for tips on how to give your bathroom a boost without taking out a large loan or losing the use of your bathroom.

Add Storage To Your Shower

Doing something as simple as adding shelving to your shower can make it stylish. There are many different inexpensive, easy to install corner shelves for the tub that not only add storage to the bath but make everything look neater and more attractive too. Some shelving even connects with the twist of a rod- no drilling required!

Add Some Art

Those souvenirs that you bring back from vacation don’t need to go to waste. Use them as art for your wall. You can use frames or shadow boxes to display some of your favorite memories from vacations past. Even fun pieces of art that you love can be a grand addition to any bathroom. Make the loo a peaceful little getaway!

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Change Up Your Shower Curtain

This sounds so simple but can make one of the biggest impacts on your bathroom. Your shower curtain brings a dramatic effect to your room because it is a focal point. IF you happen to have a glass door, make sure the glass is clean. There are many great products in the market to do this

Put In Some Storage

Your bathroom can become more functional if you add some storage to the room. If the bathroom appears less cluttered, you’ll have more room to store things and feel better about the room. Shelving is such an easy thing to put up and it adds a lot to a room. Shelves can even make the room look bigger! It’s simple to store things that you want to keep out of the way but need in reach.

Paint…nothing like it!

There’s nothing that brightens up a room quite like paint. It’s the first thing that any interior decorating expert will tell a homeowner looking to bring a new vibe to their home. You don’t even have to paint every wall in the bathroom. Just an accent wall will do wonders. There are also paints that are made for high humidity areas such as bathrooms. Sherwin Williams is a great go-to paint

Add Plants

Nothing brings great feeling to a room like greenery. Plants bring oxygen to a room and make you feel happier when you’re in that space. Science has even proven it! There’s probably no more appropriate place in a home for plants than the bathroom. The moisture and warm environment is a favorable growing condition for many varieties. Don’t overdo it. Make sure the plans are appropriately sized and you don’t need to walk around them.

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I hope you found this info helpful!

This information was provided by Scott Adamson. Scott can be reached at Scott.adamson@nemoves.com Or by phone direct at 978-314-9009
If you are thinking about selling or buying a home, Scott has been a Realtor for 30+ years and has helped many people move through- out the Metro-West Massachusetts area.

 

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Buying Real Estate, Real estate

What Is a Contingency Clause in a Home Buying Contract?

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If this is your first time buying a home, you might feel a bit intimidated by the purchase contract. Contracts are often filled with industry and legal terms making them difficult to understand for the average buyer and seller.

Contingencies in particular give some buyers and sellers cause for concern because their contract depends on the contingencies being fulfilled. However, in most cases contingencies are pretty standard and only serve to protect the interests of both the buyer and seller during a real estate transaction.
In today’s post, I’m going to give you an introduction to contingency clauses and break down some of the most common contingencies you’ll find in today’s real estate purchase contract.

Contingency clause definition

Simply stated, a contingency clause is a statement within a contract that requires a certain event takes place before the contract is considered legally valid. As a result, contingency clauses are used to cancel or invalidate a contract if certain conditions aren’t met before the sale is made final. So, if one party fails to meet the obligation of the contingency, the other party is no longer bound by the contract (or required to buy or sell the house). Any contingency clause that is entered and becomes part of the contract must have a date specified for that particular contingency to be satisfied. It is always best practice to keep these dates realistic in time frames, and to adhere to the overall duration of the offer contract. If a contingency date goes by without being completed, the offer is negated or no longer in force. If a buyer anticipates a problem in adhering to a contingency date, they can request an extension. This extension must be agreed to by both parties in writing to extend the contract.
Contingencies can get confusing when they are vaguely worded , making them difficult to interpret. For the standard contingencies below, it is fairly easy to understand there purpose, time frames and what they are for.
The other instance in which contingency clauses can be confusing is when a party includes a contingency that is atypical for a real estate purchase contract. Buyers and sellers alike should be wary of unusual contingencies, explore what the intent of the specific language is. Only when these unusual contingencies have been fully understood and agreed by both parties, should the contract be signed. An experienced Realtor and or attorney shall be able to provide guidance.

 

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The main contingencies in a offer to purchase

Appraisal contingency. Designed to protect the buyer, appraisal contingencies require that a home is appraised at a minimum amount, which is stated in the contract. It is very common to see appraisal contingencies written on most offers, especially if there have been multiple offers. When multiple offers are received, the ultimate sale price tends to be above asking. It is always a best practice for any Buyer agent to include and appraisal contingency in this instance, as this will protect their buyers interest and assure that the investment is a good value.
Financing contingency. Another contingency geared toward protecting buyers is the financing contingency. It states the number of days that a buyer has to secure financing for the home. This allows the buyer to cancel the contract (and offer) if they’re unable to secure suitable financing for the home. The time frame for finance contingency on an average offer is approx. 35 days but can vary based on the duration or overall time frame of each specific offer.
A particular area of scrutiny for a finance contingency is the percentage of money that a buyer will be putting down. This percentage can vary based on a buyers financial position. The more money put into the deal the better for a seller as this shows financial strength of the buyer and results is less money being borrowed. From the lenders perspective a healthy LTV or loan to value is favorable as this shows borrows will have more equity in the purchase and are less likely to default on the loan. If they do, there is more chance for the bank to recoup the mortgage on the property.
Inspection contingency. One of the most important and most common contingencies is the inspection contingency. It allows the buyer to have the house inspected by a licensed professional within a certain number of days. The most common time frame for a home inspection is 7-10 days after an offer to purchase has been agreed upon and signed by all parties. This contingency protects the buyer against unforeseen expenses and repairs that will need to be made in the near future. Many contingency pages on a offer to purchase will allow inspections on a myriad of aspects in a home. They can include all mechanical aspects such as wiring/electrical components, furnace/boilers, roofs, windows, siding, appliances. Also typically included will be any structural items, a pest and radon inspection.
House sale and kick-out contingencies. A house sale contingency gives the buyer a certain number of days to sell their home before financing a new one. However, since this can be a risky clause for sellers, a kick-out clause is often included. This contingency allows the seller to keep the home on the market and entertain other offers while the buyer secures financing and sells their other home or homes. You tend not to find these contingencies being used in busier markets when buyer demand is high and inventory is tight. This can be a vital and welcome contingency for a Buyer who is able to find a cooperative Seller, which can produce a win-win for both parties.