Now that the holiday shopping season has begun, please consider helping us with our Toys for Tots donation this year. It's an easy way to give back to children this holiday! Please drop off an unwrapped toy to one of our Marine Toys for Tots donation boxes at all of our Leading Edge Real Estate offices, plus Wine ConneXtion in North Andover.
Locations: Reading Office 248 Main Stre Reading, MA 01867
The Wine ConneXtion 117 Main St. North Andover, MA 01845
Melrose Office 536 Main Street Melrose, MA 02176
Winchester Office 2 Mt Vernon Street Winchester, MA 01890
Boston Office 548 Tremont Street Boston, MA 02116
Cambridge Office 2 Brattle Square Cambridge, MA 02138
Belmont Office 84 Leonard Street Belmont, MA 02478
Lexington Office 1756 Mass Ave Lexington, MA 02420
Arltington Office 319 Massachusetts Avenue Arlington, MA 02474
“For the first time, median home prices cracked $400,000 in Massachusetts and are now at $409,000, which doesn’t make sense to anyone looking for homes in Greater Boston,” reports Linda O’Koniewski, CEO, Leading Edge. “The average property in the Berkshires is $217,000, while purchasing a home in Middlesex County averages $570,000, and Suffolk county is clocking in at an additional $18,000. Swanky Nantucket is $1,520,000, and Martha’s Vineyard is just over half that at $831,000. We see the same disparity in prices from town to town and neighborhood to neighborhood within and beyond Route 128.
“While so many home buyers put their house hunt on hold for the holidays, this is always the best time of the year to buy. Look for properties that were not snatched up when they launched on the market and have been languishing. They are likely over-priced and those sellers may be more realistic when faced with a fair offer,” advises O’Koniewski.
October sales of single-family homes in the Leading Edge service area decreased -14.7% year-over-year. Inventory decreased -23.1%. The number of days on market over the last 12 months increased +9.1% while median sale prices remain up +1.6% at $625,000.
If you're considering a move in the suburbs north of Boston we'd love to hear from you!