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Tagged : boston real estate stats

Found 45 blog entries tagged as "boston real estate stats".

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With our new Q3 market report just released, Nick takes a look at what he is seeing right now in the Boston real estate market. And, he gives his thoughts on what buyers and sellers can expect through the rest of the year.

What are some of the interesting trends you see in the recent market report?

The biggest trend I am seeing is that fewer transactions are happening in almost every neighborhood vs. 2021.  This is something that we were expecting with rising interest rates and economic uncertainty that we are experiencing.

How do you expect these trends to impact buyers and sellers over the next few months?

Fewer transactions mean that demand is softening which, with rising interest rates, is expected.  This means that sellers have to

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This month, Nick discusses home staging and what sellers should take into account when considering it. He gives tips for those considering staging their home and shares a success story from a recent sale.

What are some things a seller needs to consider when debating whether to have their home staged or not?

With the market shifting, sellers and their agents need to really focus on positioning their properties correctly to receive solid offers.  Part of this includes doing repairs and potentially decluttering and/or staging.  

The idea behind staging and/or decluttering is to eliminate potential distractions for buyers. It is hard for potential buyers to see themselves living in a property if all they remember is that hot pink bedroom or the

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As summer winds down and we look to the autumn season, Nick talks about what he expects during a historically busy time in Boston real estate. He discusses what buyers are looking for in the market now and what sellers can do to appeal to them.

What are buyers looking for right now in the market?

We’ve seen buyers shift from a scarcity mindset that forced them to be aggressive with their offers and terms to now being more patient and confident to negotiate with sellers again.

What can sellers do to best appeal to them?

Sellers face more competition and longer days on the market now vs. during the spring, so they have to be more strategic when listing their property for sale.  Sellers should work with their agents to find items around the

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3 Tips for Buying a Home Today | MyKCM

If you put off your Boston home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options.

But it’s important to keep in mind that while inventory is improving, it’s still a sellers’ market. And that means you need to be prepared as you set out on your home search. Here are three tips for buying the home of your dreams today.

1. Understand How Mortgage Rates Impact Your Homebuying Power

Mortgage rates have increased significantly this year, and over the past few weeks, they’ve been fluctuating quite a bit. It’s important to stay up to date on what’s happening with

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With half of 2022 behind us, we have already seen some very interesting changes in the Boston real estate market this year. Nick discusses these changes and how buyers and sellers can best prepare if they are looking to make a move this year.

What has surprised you most about the real estate market in Boston so far in 2022?

The biggest surprise to me is how quickly things have changed.  

At the beginning of this year, we experienced one of the busiest real estate markets I’ve ever seen.  There seemed to be a rush of buyers racing against the looming rise in interest rates.  This rush continued until around April when we suddenly started hearing concerns from buyers and seeing less activity at some listings than we initially expected.  

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Summer is here, and we can’t wait to explore the wonderful outdoors throughout Greater Boston! As temperatures heat up, we look to the Boston real estate market to see if it is following the same trend - or possibly starting to cool down? Nick walks us through what is happening in the market and some ways you can enjoy the wonderful summer season in Boston!

There have been some news reports that the market is cooling or adjusting. Is this true?

Mortgage rates are now above 6%, significantly increasing monthly mortgage payments for those buying now vs. 6-18 months ago.  The increase has affected the real estate market, especially over the past month.  Days on the market have increased, and we’ve seen fewer properties receive multiple offers. 

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Think Smarter Nick Warren

This month, Nick advises first-time home buyers and ideas for helping them navigate the competitive landscape of the Boston real estate market. Read on to learn how to make an offer competitive and one crucial piece of advice that can help you buy your first home.

What makes the Boston real estate market unique for first-time buyers?

First-time homebuyers in Boston are a bit different. Given that our average sold price in Boston is now over $1m, first-time buyers typically have to wait a bit longer until they can afford to buy a property here vs. other parts of the country.  

Even if they are waiting until they are in their late 20s or 30s, they still may not have enough money for a down payment, so we often see first-time buyers get help

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Think Smarter Nick Warren

Nick and the rest of the office recently got a special behind-the-scenes tour of the brand new Raffles Residences. This month, he talks about the exciting aspects of these highly anticipated homes and how they will blend into the Boston landscape.

What can you tell us about the new Raffles Residences?

Like many Bostonians, I had never heard of the Raffles hotel brand before. Walking into the sales center of the Raffles Residences, I sensed a different level of quality and finishes in these homes compared to what we see in many of the new luxury towers in Boston. 

The attention to detail was noticeable immediately, even in the small details like the knockers on the front door. 

This group of developers definitely wasn’t interested in

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Think Smarter Nick Warren

As we enter the spring market, which is historically the busiest in Boston real estate, Nick gives his insight on what you can expect during the season. He offers tips for sellers looking to make a move and those looking for their first home in the Boston area.

What do you expect to see in the busy spring market over the next few months?

One of the factors likely contributing to the increased demand we have already seen in 2022 is the additional six rate hikes the Fed will likely make before the end of the year.  Many buyers are racing against the clock to lock in mortgage rates before they creep higher and reduce their buying power.  

I believe that this trend will continue to get stronger as we get into the spring market resulting in

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Think Smarter Nick Warren

As spring approaches, many people start thinking about listing their homes for sale in the Boston area. Nick discusses what sellers can expect this year in suburban and city markets. He also gives tips for best maximizing your sale price when you sell.

What can sellers expect in the suburban markets around Boston?

2022 seems to be following in 2021’s footsteps regarding the suburban market. Our agents report even more activity at open houses and multiple offer scenarios. Buyers are becoming more aggressive with dropping contingencies to compete. I believe that this is partially due to buyers' rush to get something under agreement before rates rise.  

I expect this trend to continue for a few months until the rates rise to a point where some

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