Maynard Condos
Maynard is a residential Massachusetts town with a population of just over 10,100. It is less than 25 miles west of Boston, and it is part of the Boston Metro area. Maynard town has a defined town center with boutique shops, scenic green areas, and quaint eateries. Its aesthetic appeal and proximity to Boston make it a highly desirable place to live, as do its abundance of parks and preserved open spaces. Several prominent highways serve the area, including I-95 and I-495. There is also rail service to Boston and other local towns via the MBTA commuter rail. A popular biking and walking trail called the Assabet River Rail Trail offers recreational opportunities and functions as a pedestrian commuter route too.
Click Here to Search
sales
Home values are still quite reasonable here, but they are quickly rising as the town's popularity grows. In the first quarter of 2018, the median home value is just below $400,000. This is an 11.6% increase from the first quarter of 2017. Home value averages are projected to continue climbing through 2019. By the end of 2019, home values are forecast to be 4.5% higher than they are in 2018. As of 2018, the average sale price for a townhouse in this town is about $324,000. Properties spend, on average, 104 days on the market. Median home values are also expected to continue rising over the next year. The price of homes is influenced by numerous factors, including foreclosure rates. The foreclosure rate here in 2018 is 18.3 homes out of every 10,000. This is above the national foreclosure rate of 1.6 homes out of every 10,000. The percentage of delinquent mortgages among homeowners here is 1.3%. This rate is below the national rate of 1.6%. There are also fewer homeowners underwater on their mortgages in this town (5.6%) compared to the Greater Boston metro area (6.3%). The residential market has a financial health rating of 9.3 out of 10, which is considered to be very healthy. This is encouraging news for prospective buyers, and it contributes to the increasing value and selling price of homes throughout the town.
In the first part of 2018, new listings for homes on the market are divided into two price categories. About half the townhouses on the market are listed at an asking price of $200,000 or less. The other half are listed at an asking price between $200,000 and $400,000. The majority of properties sold (about three-quarters of those on the market) fall into the price range of $200,000 to $400,000. The second largest sales category by price range is homes sold at a price of $400,000 to $600,000. The fewest number of homes are priced below $200,000. Sale rates have often surpassed new listing rates in the past. The number of sales rates and listing rates both fluctuated in 2017. Listing prices and sales prices have also fluctuated, but listing prices are usually higher than sales prices. In addition to price, house listings vary by month. August is generally the busiest month for sales, but spring, summer, and even early fall also see a fair amount of sales activity. During the least active sales months, which are usually from December through February, there may be fewer than $750,000 worth of homes sold. During the peak months, it's not uncommon for the number of homes sold to surpass $2.5 million. The median and average listing prices among homes were virtually the same throughout 2017, with median prices occasionally rising slightly above average prices.
If you are ready to buy a home, it's time to start planning and preparing. There are several key steps to take when purchasing a home, and making financial arrangements is the first. To start, you should determine how a house fits into your overall budget. This includes determining what size down payment you can comfortably make, and how much you will be spending on a monthly mortgage. This is the time to start shopping around for mortgages and figuring out which ones to apply to. You can even work on getting pre-approved for a mortgage, which makes it easier to simply make an offer on a home when you find the right one. Getting pre-approved for a mortgage also demonstrates to a homeowner that you have the financial capacity to secure a home, which makes it easier for you to negotiate a price. Our staff is ready to help you finance and secure your next home, so don't hesitate to contact us for assistance.
As a homeowner looking to sell your home, there are also preparations you'll need to make to complete a sale. Getting your home cleaned up and making essential renovations is a big priority. After that, you can work on listing your home and making an attractive ad. You can then proceed to set a schedule for open homes and showings. When you're left with a serious buyer, you'll move on to the last stage of formulating a sales contract and closing the deal. To make sure that all goes well with the home sale, contact us with any questions and concerns you have. We're here to provide assistance for both home buyers and sellers, and we're ready to walk you through the process every step of the way.
Condo Developments
Click Here
to Search
sales
Click Here
to Search
rentals