Woburn Condos

Woburn is a predominantly industrial city, with a long history of commerce and industry. The city has a population size of approximately 38,120 residents. It is located in Middlesex County, and it is nine miles away from Boston. The city is also a place of cultural significance, and it is home to many significant historic attractions and events. Like many towns in the Greater Boston area, Woburn is a natural place to live for many people who work in Boston. It is connected to Boston through several prominent roadways, namely I-93. Public transportation is widely available and accessible, which makes for a quick and easy commute. The main transit hub is the Anderson Regional Transportation Center, which offers train service locally and to farther destinations along the Eastern seaboard, such as Maine. There is also an MBTA commuter rail with service to Boston and a shuttle service that runs to Boston Logan International Airport. There are several distinct neighborhoods in the city, including Shakerhill, South Wilmington, Central Square, City Center, and Woburn Highlands. Shakerhill has the highest housing prices across the city. It also contains many historic homes and attractions. Central Square and City Center are popular places for those wanting the convenience of easy access to restaurants, shops, and businesses. South Wilmington is close to I-95, which is ideal for people wanting proximity to a commuting route.

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If you are searching for a new home, you've come to the right place, as our staff is ready to help you out. There are many things to think about when deciding where to live, including your ideal location and how long you plan to stay. One important consideration is market trends. In 2018, the average home value is $473,977. Home values have risen by nearly 8% since 2017. They are forecast to keep rising and be 3.9% higher than they are now by March 2019. The median list price per square foot is $324, which is above the average of $276 per SF in the Greater Boston area. The median price for homes in March 2018 is $499,000, and the median selling price for homes is $401,100. The market's financial health also affects home values and prices. About 2.3 homes in every 10,000 houses are foreclosed each year, which is more than the nationwide rate of 1.6 out of every 10,000 houses. This city also has a considerably lower foreclosure rate than other towns and cities in the region, which adds to its appeal for buyers. The market's financial health is also assessed by mortgage delinquency rates and rates of homeowners who are underwater on their mortgage payments, which means they owe more on the property than its current value. The city's rates of delinquent mortgages is 1.1% in 2018, which is lower than the national mortgage delinquency rate of 1.6%. The rate of homeowners who are underwater on mortgage payments is 6.3%, which is identical to the national rate. Many property owners started running into financial trouble between 2007 and 2011, when home values across the country dropped significantly. In some areas, they dropped by over 20%. In this city, the market's health has been improving since 2011, when they hit their lowest point in recent years with a median home value of just $312,000. Home values started rising in successive years, however, starting with an increase to $319,000 in 2012. Average home values steadily climbed since hitting the trough in 2011, and experts predict that trend will continue. In the category of townhouses, the average sales price is $410,500 in March 2018. Properties are spending an average time of 91 days on the market, regardless of size and sale price. Price range influences some seller and buyer behavior, as data shows. The highest volume of new listings posted since 2017 has been for properties priced between $600,000 and $800,000. Homes in this price range account for around 75% of new listings. Approximately a quarter of new listings are priced for sale between $400,000 and $600,000. Sales count is also affected by asking price. Most property sales (41%) are for homes in the price range of $200,000 to $400,000. Approximately 35.9% of homes on the market have a sale price between $400,000 and $600,000. Just under 15% fall into the price range between $600,000 and $800,000, and the smallest group is the price range of less than $200,000, which applied to 10 properties (around 8.5% of the market share) in 2017 and spring 2018. Buyer and seller behavior is also affected by the seasons. Sales are highest in the summer, and activity carries over to the fall. New listings follow a similar trend. In 2017, the highest month for new listings was June, when16 properties were added to the market. May, June, and September tied for second. Each had 15 new listings. In 2017, the most sales happened in August (which had 19 sales). October was the month with the second highest volume of sales with a grand total of 16. Sales volume also differed by the month. In 2017, the month with the most sales was August, which was $7.2 million. October was the second most productive month, with a sales revenue of $7.16 million. July had the third highest sales volume of $5.92. Sales slowed from November through March, with a slight increase in activity in January 2018. In January, the total sales volume was about $3.295 million. The month with the lowest sales volume was April, which had less than $2 million in sales. If you're thinking of moving to the area, contact us to learn more about the market and the city's layout. We know the market trends, neighborhoods, and fair asking prices, which will help you move in with confidence.

Zillow calls the market “very hot” right now, which makes it a prime time to both buy and sell property. Luckily for sellers, our staff is here to help you out, too. There are many requirements and procedures to follow when preparing to sell a home, including staging, listing, and completing a sales contract. You might be surprised at the amount of work involved to make repairs, schedule open homes, and meet with prospective owners. Fortunately, you can relax, as we're here to make things easy! Rest assured that we'll help you set a fair asking price and command the maximum selling price. From legalities to aesthetics, we know how to make a home appealing to buyers, which translates to a quick sale for you.

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