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Lexington, MA Real Estate News

By Lori Liveston
(Virtual Homes, Real Estate)
Lexington MA Homes Report - May 2010 The Lexington MA Home Market activity for single family homes sold in Lexington, MA shows that there were 37 Lexington MA homes sold in May 2010 with an average sales price of $844,381 and an average days on the market (DOM) of 96.         MA Real Estate - Community, relocation and school information with town demographics. MA Foreclosures - Obtain a list of foreclosed and bank owned real estate and short sales MA MLS - View all listings in the statewide MLS. MA Homes for Sale - Map Search - Search by location, neighborhood and commuting. Lexington MA Homes for Sale - Map based search Virtual Homes Real Estate provides search tools to assist you in learning about the community, listing and market conditions. Click on the following links for your cho...
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By Lori Liveston
(Virtual Homes, Real Estate)
Lexington MA Real Estate Market Report - April 2010 The Lexington MA Real Estate Market activity for single family homes sold in Lexington, MA shows that there were 39 Lexington MA homes sold in April 2010 with an average sales price of $858,966 and an average days on the market (DOM) of 85.       MA Real Estate - Community, relocation and school information with town demographics. MA Foreclosures - Obtain a list of foreclosed and bank owned real estate and short sales MA MLS - View all listings in the statewide MLS. MA Homes for Sale - Map Search - Search by location, neighborhood and commuting. Lexington MA Homes for Sale - Map based search Virtual Homes Real Estate provides search tools to assist you in learning about the community, listing and market conditions. Click on the follow...
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By Lori Liveston
(Virtual Homes, Real Estate)
Lexington MA Real Estate Market Report – Q1 2010 The Lexington MA Real Estate Market activity for Single Family homes in Lexington, Massachusetts shows that there were 47 Single Family homes transacted between 1/1/2010 and 3/31/2010 with an average sales price of $827,695 and an average days on the market (DOM) of 89.         MA Real Estate - Community, relocation and school information with town demographics. MA Foreclosures – Obtain a list of foreclosed and bank owned real estate and short sales MA MLS – View all listings in the statewide MLS. MA Homes for Sale - Map Search – Search by location, neighborhood and commuting. Virtual Homes Real Estate provides search tools to assist you in learning about the community, listing and market conditions. Click on the following links for your ...
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By Lori Liveston
(Virtual Homes, Real Estate)
Lexington Massachusetts Market Report for Homes Sold - 2/28/2010 The real estate and homes sold activity for Single Family homes in Lexington, Massachusetts shows that there were 15 Single Family homes transacted in February 2010 with an average sales price of $968,908 and an average days on the market (DOM) of 89.       MA Real Estate - Community, relocation and school information with town demographics. MA Foreclosures - Obtain a list of foreclosed and bank owned real estate and short sales MA MLS - View all listings in the statewide MLS. MA Homes for Sale - Map Search - Search by location, neighborhood and commuting. Lexington MA Real Estate Lexington MA Homes for Sale - Map Based Search Virtual Homes Real Estate provides search tools to assist you in learning about the community, li...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Home Value Update for Lexington MA Through September 2009 According to Zillow.com, the sale prices of single family homes have fallen 4.3% in the last 3 months to August. The current mean listing price of homes for sale on the market in Lexington, MA, is $610,000. Below is a chart of the trend of prices of homes that sold in Lexington, MA, in the past year through August 2009:   Median Sale PriceMore Lexington Home Values If you're looking for a home or condo to purchase in Lexington, MA, or in the surrounding area, then try this home search. You can still buy a home with no money down with the USDA Rural Development Home Loan program. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. When you're ready to buy a home, find out how much home or condo you...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
Get a Free List of Websites of Government and Bank Foreclosure Listings in Lexington, MA There are a number of websites that contain free listings of government and bank foreclosed homes in Lexington, MA. These websites contain descriptions, color photos, and addresses of the foreclosed homes for sale in Lexington, MA. And, most of these websites have government and bank foreclosure listings nationwide. There's no charge to search the foreclosure listings on any of these websites, and there's no 7-day free trial period either. Virtually all of these websites do not require any personal information to get access to the government and bank foreclosure listings. You can access these foreclosure listings anytime you want and as often as you want - free of charge!  Get your own directory of ...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
FHA, VA, and USDA Rural Development Loans in Lexington, MA Are you looking for a home mortgage loan in the Lexington, MA area? Then you've come to the right place! Northeast Community Mortgage is a mortgage broker serving Lexington, MA, and many of the surrounding areas. When you decide to buy a home or refinance a mortgage in Lexington, MA or in the surrounding area, your search for a home mortgage loan should start and end here.  With so many lenders to choose from in the greater Lexington area, you should choose one you can trust to find the mortgage loan that will best meet your needs. As a mortgage broker, we help our clients obtain a loan from the lender who has the terms that best matches their needs. In terms of mortgage programs, we specialize in FHA, VA, and USDA Rural Develop...
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By Lew Corcoran, Real Estate Agent, Home Stager, & Photographer
(Better Living Real Estate, LLC)
The Mortgage Interest Rate Lock Advisory for Lexington MA for November 2, 2009 Here are some of the events affecting mortgage interest rates today in Lexington, MA. What the Mortgage Backed Securities Market is Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 101.09 this morning - down 3/32 from Friday's close. The chart below shows today's price trend of the FNMA 30-Year 4.5% coupon: The FNMA 30-Year 4.5% MBS coupon is currently trading at 101.06 - down 1/32 from its opening. Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. I expect that mortgage interest rates will be about the same in price this morning as compared to Friday. The chart below shows the price trend of the FNMA 30-Year 4.5%...
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By Mary Blake Davidson
(Keller Williams Boston North West)
If you are interested in energy efficiency go to the Lexington Energy Fair today at the Lexington Depot from 11-4. And since I can't be there please let me know  how it was. Thanks!  Go to their website for more details: www.lexgwac.org 
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By Darina Dymova
(Belbay)
Seller willing to negotiate with any serious buyer! Fantastic 8 room, 4br, 2.5 bath colonial that sparkles with lovely detail and nice space. Pride of ownership shows throughout, maple hardwood floors, cozy living room with fireplace, large two tiered de. To directly access this property, use this shortcut: http://www.fizber.com/massachusetts-buy-single-family-home-11647555.html
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By Diamond Hayes
(William Raveis Real Estate)
Lexington probably has the highest concentration of million dollar new homes within the 128 corridor. The main driving force of these new homes is due to the excellent public schools. Lexington is also the only town in Massachusetts  that has gained population within the last three years when most towns across the Commonwealth were losing residents. A typical lot here in Lexington is  under 0.2 acre and costs about $430,000. I have seen tear-down prices  as high as $760,000s. Many homes, depending on the location & lot size, were bought by builders as  "Tear-downs"  to build new homes. The current financial and housing turmoil has not affected the new housing market in Lexington. Many new homes have been sold and more are coming into the market in the next three to six months. However, ...
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By Douglas Carson, Realtor
(Coldwell Banker Residential Brokerage)
The number of single family homes sold in Lexington, MA during the month of November decreased significantly from 30 sold (2007) to 19 homes sold in 2008. The average selling price decreased from $821,203 in 2007 to $776,955 in 2008.  The average DOM (Days on Market) decreased to 86 days from 100 in 2007.
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By Douglas Carson, Realtor
(Coldwell Banker Residential Brokerage)
Lexington MA Real Estate Market Report - October 2008 The number of single family homes sold in Lexington, MA during the month of October decreased from 27 sold (2007) to 24 homes sold in 2008. The average selling price decreased dramatically from $978,252 in 2007 to $727,530 in 2008.  The average DOM (Days on Market) increased to 113 days from 91 in 2007.
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Lexington's single family home sales market continues to defy the national trends and is having a strong year. With August sales numbers in, the summer has been strong, volume is slightly low, but prices have been rising. The graph below shows a line for the median price and bars for the numbers of homes sold. In the Single Family market, there were 118 houses listed for sale September 1. This is down 4% from the same time last year. The monthly median sales price data has continued to show strength all summer, and in August was 15% higher than last year. For the second month in a row the average sales price was greater than $1,000,000. Average time on market eased down to only 94 days. There were 43 homes sold in August, this is 6 more than August 2007. Currently the supply of homes fo...
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By Mike Batty
(Avion Realty)
I recently had the pleasure of meeting a couple from Colorado. They made the comment of it being difficult to get used to the "green tunnels" and that they found it disorienting. I asked what they meant by ‘green tunnels' and they explained that the tree lined streets all looked the same to them and that you couldn't get a clear look at the sky. Out west I guess things are different, but here in Lexington I see our ‘tunnels' as an asset and a wonderful selling point. Streets lined with mature trees help to keep things cool in the summertime and offer protection to the hundreds of squirrels and bird species. There is even a hawk nesting across the street in my neighbor's yard. The Lexington planning board has done a great job of setting up and preserving green areas for the town. Many ar...
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By Mike Batty
(Avion Realty)
First for reference the Lexington School web site: http://lps.lexingtonma.org/ Now my unsolicited, non-sanctioned comments. First let me say that they are as excellent as the reports say. I've had two daughters go all the way through and still have a son in High School and the quality of the education is great. My oldest just finished her Bachelors in Biology at the University of Syracuse, my second is a Junior in Biomedical Engineering at Rensselaer Polytechnic Institute. They worked hard and were able to get accepted to several schools, so give Lexington HS points there. Also each found that their work in Lexington prepared them very well for college level academic challenges so their Freshman year they were able to focus on the social and life adjustments without being overwhelmed by...
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First a review of where we came from. For Lexington, the market volume peaked in 2004, and the prices peaked in 2005, at an annual median price of $725,000. Prices have shown approximately a 4% pullback since that time. The number of homes sold in 2004 was 357. In 2007, 345 homes sold so the volume has only dropped 3%. So far in the first half of 2008 there have been 133 sales, so the market volume is a little low, but remains healthy. There is a strong seasonal effect on the Lexington market with Q1 (Jan, Feb, Mar)  and Q4 (Oct, Nov, Dec) being market lows. This seasonality should be taken into account when looking at any monthly data. 2008 Q1 volume was very low, but Q2 ( Apr, May, Jun) sales volume was good matching the same periods in both of the previous years. It should be expect...
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Today the market is not good, you want to move up, but will a little more time really change the financial picture?  Recent forecasts say that we will not return to the 2005 peaks until 2015....  Do you really want to wait another 7 years to make a move???? As I mentioned in my last post when investing in the stock market, it is accepted as a basic truth that no one makes money by trying to "time" the stock market. The real estate market is similar to the stock market in that there is a general rising trend, with local markets going up and down like industry groups, and individual houses rising and falling like stocks. But with the exception of a few large investors the real estate cycles are too long and geographically spread out to be useful. If you are moving city to city the relativ...
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By Mike Batty
(Avion Realty)
I talk to a lot of people who have ‘tried' to sell their homes either on their own as a FSBO, or, with one or more agents and have stopped. I'll talk more later about what you need to do to sell, but for now I'd like to talk about the decision to sell. I will be talking about my town here but much of this applies wherever you are. I would like to take a moment of your time to discuss the current market and the challenge you face in marketing your home in Lexington. First, I can think of only two reasons that you may not be marketing your home. The first is that your personal circumstances have changed and you are planning to stay in the home for some time. If this is the case then I wish you many years of enjoyment here in Lexington. The other reason is that you feel that the ‘market ti...
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By Mike Batty
(Avion Realty)
This is my first post, of many I hope. I promise to improve as I go along... I have the Boston Globe in front of me and I am reading "State home sales decline in May." My first reaction is "but it's June 24th!! We all knew this data 3 weeks ago." At least I posted my market reports on-line 3 weeks ago.  My second reaction is that it is so negative and doesn't tell the whole story, especially not for my neighborhood. If you weed through the details of the article you find that inside the 495 belt things are not as bad as they show in the headlines. Home prices are only down 3.2% and condo prices are unchanged. In point of fact home prices in Woburn and Lexington are up!  The challenge that I see is that the media seems to like to throw gas on any fire. I'm not denying the reality of the ...
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