We recently caught up with our former client Guenther Anger from Velofix Boston for a Community Spotlight and giveaway! We’ve been riding our bikes a lot this season and Velofix Boston makes it really easy to get your bike tuned up without leaving your home! Watch the video to learn a bit more about this mobile bike and ski shop!

GIVEAWAY DETAILS!!
Velofix Boston is giving away a gift card for 50% off a basic tune up. We’ll announce a winner next Friday July 3rd!  Check out our Facebook and Instagram pages to enter to win!!

 

During the 14th week of social distancing we had a total of 3,093 listings available on the market, and increase of 3% compared to the previous week.  The amount of new listings went down slightly by about 2% with 845 new listings to hi the market last week. We also had 1,020 listings go pending last week which is the most that we've seen all year.  That is an increase of 12% compared to the week before.  Once again we're seeing a strong seller's market as 33% of the market did get absorbed through pending listings last week.  For sellers out there, keep in mind that although the market is strong there are definitely still pitfalls along the way. We are seeing more appraisal issues as well as buyers getting cold feet and getting caught up in the multiple offer situations.  For buyers out there it certainly is frustrating.  We are happy to chat with you to go over specific strategies on how to get your offer accepted!  Contact us here!

  The north of Boston real estate market is certainly heating up! Last week we had 3,004 listings available on the market, an increase of 2.3% compared to the week before.   There were 860 new listings that came on the market last week.  This  was the highest amount of listings in a week for 2020,  an increase of 2% compared to what we had the week before.   912 homes went pending last week, that is the highest amount of homes to go pending in a week for the year, an increase of 16% compared to the previous week.  Overall 30% of the market last week was absorbed through pending sales, so it is remains a very strong seller's market. For buyers hang in there, more listings are coming on the market, but it is still very competitive.  For sellers, coming on the market sooner is probably better than later as more competition will be coming on the market soon,  as we've been seeing an increase of listings every week.  If you have any questions on the market Contact us Here!

 

On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way:

“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and

[...]

This week we take a look at how the north of Boston real estate market for May performed compared to last May along
with week 12 and the effect of social distancing on the market, specifically for Middlesex and Essex counties. Last week we had 2,928 homes available for sale which is an increase of 4% compared to what we saw the week before. [...]

Welcome to 168 Wakefield Street, a stately colonial with an abundance of curb appeal and practical space for everyone!  The chef’s kitchen has plenty of space for family & friends to gather and offers professional appliances including a 48 in. range, wet bar & wine fridge. The mudroom helps keep messy shoes & backpacks organized. 9ft [...]

Inventory remains low for Middlesex and Essex counties north of Boston, but we are slowly seeing an increase in listings. 737 homes came on the market last week, which is the most we've seen in recent weeks.  23% of the market was absorbed, so it remains a seller's market.  For home buyers, it will be tough to find a deal out there, the good news is new listings are coming on the market every week, so hang in there home buyers!

Watch the video for more!

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