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The Boston Suburbs Housing Market - April Round-Up

Housing Inventory UpdateIf you are looking to buy a new home, your heart may sink when you hear about the “seller’s market” - stories of long lines at open houses, multiple offers, homes selling for well over the asking price, and not enough new listings to go around. April’s sales figures seem to back this up - in Concord, prices are up almost 30% compared to April 2020, days to offer are in single figures in Bedford, and the median house price has increased by over 30% in Westford. All great news for sellers, not so good if you are a frustrated buyer. A quick glance at the number of listings on the market right now compared to last year might make you conflicted - you know if you were to list your home now you stand a great chance of getting the maximum value, but then how you find your next place? Don't let the worry about your next move hold you back - there are some steps you can take to get yourself in the best position to secure your dream home.

Get Close to your Agent

In this hot market, your best asset is your realtor. Our realtors are well connected, know their communities inside out, and are best positioned to hear about upcoming listings first. By working with your agent before you start your search, you give yourself the best opportunity for success. They can help you work out your budget, hone in your area search and figure out your “must-haves” and “nice-to-haves” before you are under pressure in an offer situation.

Arrange Pre-Approval

It pays to have your finances in order ahead of time, so speak to your lender about getting pre-approval for your loan. When the time comes to make an offer you’ll be in a stronger position if you have completed as much of the paperwork as possible.

Buy Before You Sell

If you are keen to take advantage of the demand and get the best price for your home but are worried about being able to find a house to move to, then our Buy Before You Sell program could be the answer. This program enables you to make a non-contingent offer on a new home without the need for double moves or a bridge loan and lock in today’s low interest rates. Talk to your agent about whether Buy Before You Sell is right for you.

Even in this competitive market, we are still successfully securing homes for buyers. So if you have been thinking about jumping on board and taking advantage of the seller's market, talk to us today - we'll help you make a move!

Acton Real Estate Market Update Bedford Real Estate Market Update

 

 

 

 

 

 

 

 

 

 

Carlisle Real Estate Market Update Concord Real Estate Market Update

 

 

 

 

 

 

 

 

 

 

Lexington Real Estate Market Update Lincoln Real Estate Market Update

 

 

 

 

 

 

 

 

 

 

Westford Real Estate Market Update Winchester Real Estate Market Update

 

 

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    5 Reasons To Sell Your Home In Spring 2021

    If you’re wondering “should I sell my home this spring?” you’re already on track to success. Take actionBlue single family home with colorful tree in front yard on that thought and sell with confidence because selling your home in the Boston area is a great idea! Barrett Sotheby’s International Realty’s worldwide relationships are working in your favor, as well as the factors explained below.

    Market Trends Indicate High Demand and Low Inventory

    This spring is a particularly special season. Spring 2021 is following the trend of real estate in the pandemic. Buyers are now working from home and long to stretch out and live in a larger space. Demand for housing, especially single-family homes, is sky-high. When demand is high, supply, or inventory decreases. It’s in your best interest to put your home on the market in these hot conditions!

    Mortgage Rates Are Historically Low

    Mortgage rates are lower than ever, hovering around the 3.3% mark for a 30-year payment and 2.5% for a 15-year plan. They are expected to continue to be below 4% for the duration of 2021. Low rates drive buyers’ demand because they want the best rate when they buy their home. Many buyers are on the market right now in search of their next dream home to purchase with a great mortgage rate, so put your home on the market while buyers are looking! 

    Starter Homes Are Flying Off the Market

    If you own a starter home, you’re in luck. With prices high, buyers are looking to pick up starter homes to fit within their budgets. As a seller, this is good news for you, because you can likely sell your starter home for more than you paid for it. Buyers are getting into bidding wars, which indicates that you will get an extremely healthy price for your home. 

    Greater Boston Area Homes Are Especially Popular 

    The Boston market is booming right now. There is a high demand for single-family homes in the Boston suburbs. Last year, the median cost of a single-family home in Greater Boston climbed nearly 10 percent. People want to move to the Boston area, and after all, who can blame them? Massachusetts is a great place to live, work, and raise a family.

    Global Connections and Local Insights Are Waiting For You

    If you do decide to list your home this spring there is a wide world of opportunities waiting for you at Barrett Sotheby’s International Realty. No listings in the Boston area market get more exposure to buyers than those listed with Barrett Sotheby’s International Realty. We use the latest technologies, marketing strategies and tactics to advertise your home to the widest possible audience. Contact Barrett Sotheby’s International Realty today to get your home on the market this spring!

     

    Not Ready to Move? Introducing White Glove

    If all this sounds great, but you don't think you are ready to sell your home right now, think again.  Our White Glove suite of services can help you get moving in this fast-paced market.  Our Pre-Listing Prep Service will enable you to prepare your home for market without paying for the cost of repairs or renovations upfront.  If you want to take advantage of the demand but don't have anywhere to go yet, the Buy Before You Sell program means you can purchase the home you want before you sell the home you are in.  Get in touch to find out more. 

     

    April Vacation: 5 Destinations for 5 Days of Local Fun

    School’s out next week for April Vacation, and while it feels like we might be turning a corner with the pandemic, we still need to exercise caution with our travel plans. That shouldn’t mean you miss out on the fun though! We’ve come up with 5 fun places to visit in our local towns - one for each day of the week - so check out our list and consider your vacation plans taken care of!

    Monday - Visit the scene of the First Battle of the American Revolution, Minute Man National Historical Park, Concord

    Tuesday - Join the Revolutionary Scavenger Hunt, Lexington (April 20th only)

    Wednesday - Help build a Tinytropolis at Discovery Museum, Acton 

    Thursday -  Experience life on a working farm at Drumlin Farm, Lincoln

    Friday - Come face-to-face with dinosaurs at the T-Rex Adventure, Stone Zoo, Stoneham

    Like all local businesses, these organizations have been working tirelessly this past year to keep their patrons safe and still offer an enjoyable experience for visitors. Please consider supporting them by paying them a visit this vacation week and beyond.

    Advance booking is required for some events. Please observe the Covid-19 regulations in place at each location - check their websites to find out more.

     

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      Never a Better Time to Move!


      If you are a follower of real estate news you can’t have failed to notice the huge buzz around the housing market. If there ever was a “seller’s market” then this is it - there is a drastic shortage of available inventory and interest rates are historically low, leading to a surplus of buyers all eager to jump on or jump up the housing ladder. The result is an increase in house prices in virtually all our towns - up 25% year-to-date in Lexington and up 16% in Concord. Speed is also of the essence - on average, houses are spending just 15 days on market in Acton before an accepted offer.  So, while you might be thinking of taking advantage of this extremely active market and listing your home, you may also be hesitant to jump in if you don’t know where you are going to move. If your home sells quickly, how do you make sure you don’t end up with nowhere to go? What if your ideal home comes on the market before you’ve closed on your own place - how do you make your offer look competitive against others?

      Introducing Buy Before You Sell, one of the White Glove services offered by Barrett Sotheby’s International Realty.  This unique service gives you the opportunity to use most of your home’s value, enabling you to move forward with the purchase of your new home without having to make an offer contingent on your own sale. You can also lock in the current low interest rates for your next home purchase. Unlike a bridge loan, there are no additional monthly payments and no impact on your credit rating. This concierge service can also take care of preparing and staging your home for sale, ensuring you achieve the maximum price for your greatest asset.

      Purchase the home you want before you sell the home you have. Talk to one of our experienced agents today about whether the Buy Before You Sell program is right for you.

      If you are worried your home is not yet ready for sale, ask about our White Glove pre-listing prep service. Refresh, Renovate and Stage enables you to get your home looking its best with repairs, decorating and staging AND defer payment for services until after closing.  

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        The Great Outdoors - Terrific Terraces

        Spring has arrived, the sun is shining and the whole of New England wants to be outside!  Enjoying your outdoor space is top of mind right now as we thaw out from another cold winter and embrace the warmer temperatures.  Whether you have a patio, deck or veranda, it’s a bonus to have some room outside to relax or entertain.  There are plenty of ways to personalize and make the most of your terrace - search Pinterest and you’ll find a wealth of inspiration!  Patio or bistro lights have become very popular and are a simple and cost-effective way to add lighting to your outdoor space - you can purchase strings of lights designed to weather the elements and suspend them above your seating area for an atmospheric effect.  Outdoor soft furnishings are another trend that has been around for a while - wicker sofas and chairs with removable covers give comfortable, practical seating, and outdoor rugs also add texture and a fun design element.  Or how about oversized outdoor beanbags for a fun and adaptable way to add extra seating?  Fire pits were hugely popular during the colder months to enable people to gather outside, and during warmer weather they are also useful to keep away those annoying insects (and of course to make s’mores!)  Finally, try adding color to your space with planters - use one or two circular pots with large plants for drama, or barrel planters with flowers to brighten things up!

        If you need more ideas check out some of these terrific terraces in Acton, Concord, Maynard, Stow and from Chelsea to California!

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

         

        Looking for your own outdoor oasis?  Browse our latest listings.

         

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          The Housing Market - March Round-Up

          It’s now over a year since our part of the world shut down in response to the Covid-19 pandemic.  Since then we’ve seen many peaks and troughs in the battle against the virus, but after an initial pause, the housing market has remained steadily on the up. During the lockdown in March and April, when businesses were closed and real estate activity was restricted, realtors got creative and found different ways to market their homes.  Videos, Facebook Live, Matterport virtual tours and other interactive forms of home viewing helped the housing market quickly recover in our towns.  One year on, demand continues to be high as some of the effects of the pandemic are still evident - working patterns have changed for good, with working from home becoming the norm, and social distancing is here to stay for a while yet which is increasing demand for more indoor and outdoor living space. 

          When we look at the year-on-year figures for March, even taking into account the situation a year ago, we can see that there are far fewer listings on the market in 2021. There are fewer than 10 single family homes for sale today (April 1st) in Acton, Arlington, Bedford, Carlisle, Lincoln, Melrose and Westford.  Consequently, homes that do come to market are moving quickly.  Days to offer are in single figures in Carlisle and Westford, and homes are closing in an average of less than 40 days in Acton and Lincoln.  The increase in demand has had an impact on average house prices - list prices are up by more than 30% year over year in Concord, Lexington and Winchester.  

          What does this mean for you and your moving plans in 2021?  Whether you are buying, selling, or both, it pays to talk to an experienced real estate agent Our agents are all experts in the towns they serve and understand the opportunities and challenges with moving in this marketplace.  They can guide you through the process from start to finish and ensure you are getting the best value for your investment.  Get in touch today to find out more!

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

           

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            Come Outside - Homes with Glamorous Grounds

            Outdoor space has never been more important than during the past year. As we all scramble to find safe ways to meet family and friends, or just to escape our four walls for a short while, our yards, patios and gardens have taken on a new significance.  Whether you are an aspiring vegetable gardener, enjoy outdoor entertaining, or hanker for a place to sit and observe the changing seasons, outdoor space has shot up the wish list for buyers in the past 12 months.  In line with this some new trends in landscaping have emerged, such as rewilding to encourage local wildlife back to your yard, and indoor / outdoor living, where the lines between the two spaces are blurred to encourage a seamless transition.  From across the globe, Sotheby’s International Realty has shared homes that embrace these new trends to spectacular effect - read their latest blog for inspiring ideas.  Here in the northern suburbs of Boston we have our own featured listings where the outdoor space is just as appealing as the home itself - such as 40 Brook Street, Acton, which has a babbling brook running through the grounds, 22 Warbler Springs Road, Lincoln, with pretty water features, and 49 Paul Revere Road, Concord and its perfect patio fire pit.  

            Looking for your own outdoor oasis?  Contact one of our experienced agents today - they can help you find your ideal place to call home.

             

             

             

             

             

             

             

             

             

             

             

             

             

             

             

             

             

             

             

             
             
             
             
             
             
             
             
             
             

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              5 of the Best Places To Buy a House Near Boston

              Lexington MABoston is a great city to settle down in - or outside of! Living in the Boston suburbs provides the best of both worlds. You can have access to the hustle and bustle of the city, including the booming job market, while still being able to come home to a yard and a driveway with plenty of parking. Picking which suburb to settle down in can be tough, so here are a few different options and what makes them special.

              Lexington, MA

              Lexington is a 30 minute drive from Boston. The town has a population of 33,792 residents and most own their homes. The town is unique because it hosts the historic Minuteman Statue, The Old Belfry, Buckman Tavern, Lexington Depot, and Hancock-Clarke House from the Revolutionary War. Today, Lexington is known for its highly rated school system, so check out properties for sale in Lexington if you’re a family looking to move! 

              Acton, MA

              If you drive 40 minutes northwest of Boston, you will find Acton, MA. The town has a population of 23,627 people. It was voted one of the top 20 small communities by Money Magazine. Acton is a historic community with a forward thinking attitude evidenced by gracious tree line streets, top scoring schools, and over 1,650 acres of conservation lands owned by the town. Go and check out the community, or view Action homes to get a feel for the area.

              Arlington, MA

              Only 20 minutes from Boston, Arlington is known for its vibrant community popular with professionals and young families, good schools, and opportunities for outdoor recreation. The town is home to 45,304 and residents boast of its clean sidewalks and safe community. The town is very family-oriented. See Arlington homes for sale here.

              Boxborough, MA

              Boxborough, MA is a quiet town of 5,561 a 45 minute drive west of Boston. If you don’t mind a commute into the city but you’re looking for a small, caring community with a good school system, Boxborough is for you. Browse Boxborough real estate and see what you find. 

              Westford, MA

              Located a 40 minute drive northwest of Boston is Westford. The town is home to 24,342 residents and they tend to enjoy the outdoor amenities nearby, like the Nashoba Valley Ski Area that offers skiing, snowboarding, and tubing. The town also has two beaches and walks through the conservation land area. Westford is perfect for outdoorsy families who want a reasonable drive to the city. Check out current Westford homes for sale.

              Still Unsure?

              Check out the Greater Boston town websites for more information about a variety of towns. If you have any questions about the areas, do not hesitate to reach out and contact Barrett Sotheby's International Realty.

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                Park Life - Homes Near Notable Green Spaces

                You may have been hearing that during the pandemic there has been a surge in the number of people wanting to move out of big cities.  The reasons cited include wanting to have more outdoor space and to get closer to nature.  Yet in Boston we are fortunate to have many gorgeous green spaces right within our city.  The string of parks from Boston Common and Public Park through to Franklin Park, known as the Emerald Necklace, offers city residents  open green spaces to explore right on their doorstep.  A little further out in the suburbs we are also blessed with plentiful opportunities to explore nature - the Middlesex Fells in Winchester, Minute Man National Historical Park in Lexington, and Walden Pond State Reservation in Concord are all easily accessible and give residents the chance to enjoy the improved quality of life that green spaces can offer.  City or suburbs, we can help you find your own place to be close to nature.  Get in touch with one of our experienced agents to start your search.

                Across the globe some of the most iconic cities have within their limits the most fabulous parks and green spaces to be enjoyed by urban dwellers.  Sotheby’s International Realty has listed some examples of homes for sale within easy reach of these renowned parks, from New York's Central Park to Singapore's Botanic Garden - read more in their blog.  

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

                 

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                  Homes with Eye-Catching Wallpaper

                  Wallpaper is enjoying something of a renaissance in home decor. No longer an unwelcome reminder of the 80’s, modern patterns and styles are featuring on home styling blogs and Pinterest is full of inspirational wallpaper designs.  As well as updated patterns, this time around wallpaper is being used in different places, for example on the ceiling, or in the bathroom.  In the past people may have been turned off by the effort and commitment entailed with wallpapering- it’s not an easy job, requiring patience and skill, and if you change your mind the time and expense for removal can also be daunting.  Today, with many more high-quality peel-and-stick products available, you don’t need to feel overwhelmed by the wallpapering task.  If you are still unsure about the commitment, try a small area at first - powder rooms, mudrooms or laundry rooms are all great places to experiment with bold patterns and colors on a manageable scale.

                  Need inspiration?  Check out some of these homes from Sotheby’s International Realty with striking wallpaper - big patterns, bold colors, one wall or floor-to-ceiling, you’ll love these eye-catching designs.  Looking for something closer to home?  22 Warbler Springs Road in Lincoln and 243 Trapelo Road in Waltham both feature some great examples of how wallpaper can bring a home to life.

                   

                   

                   

                   

                   

                   

                   

                   

                   

                   

                   

                   

                   

                   

                   

                   

                   

                   

                   

                   

                   

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