Needham Heights (Needham, MA)
Needham Heights (Needham, MA) Real Estate News
Hughes
Needham Real Estate Market Report August 2014
Pat Laracy Baker, Realtor, Green, ABR, Needham, Massachusetts (Key Advantage Realty )

 

Needham Real Estate Market Report August 2014

 

 

 

In August of 2014 there were 35 homes that closed within the month for Needham MA Real Estate. This is an decrease of 3 units, as there were 38 homes that closed in August of 2013. 

 

The Average list price for the homes that closed in August 2013 was $890,126

 

The Average list price for the homes that closed in August of 2014 was $854,926

 

The Average sale price for the homes that closed in August of 2013 was $887,702 (100% list price)

 

The Average sale price for the homes that closed in August of 2014 was $856,816 (101% list price)

 

The Average Market time for the homes that closed in August of 2013 was 23 days

 

The Average Market time for the homes that closed in August of 2014 was 45 days.

 

Highest Price 2013 $1,480,000

 

Highest Price 2014 $ 1,640,000

 

98 homes on the market as of this moment in time with an average price of $1,395,417

 

In Needham, MA there are 2 zip codes Needham is 02492 and Needham Heights is 02494 and this is the breakdown in each.

 

Sales have fallen to 14 homes sold over the last 30 days in the 02492 zip code market. Sellers can also expect more competition, due to a three-week upward trend in homes coming into the market, now up to 31 for the same period. Potential buyers should note that prices went up in the 02492 zip code, with the median for this period rising from $745,500 to $759,250.

 

The number of homes coming into the 02494 zip code market shot up to 19 listings over the last 30 days, while sales remained right where they were as once again 22 homes were sold over the same period. The median sales price dropped to $741,500, extending an eight-week long spiral. Despite the falling prices, a relatively low two months of inventory indicates that the 02494 zip code is still a solid seller's market. *Posted Homesnap 9012014

 

Pat Baker, Realtor, ABR

Key Advantage Realty

150 West St.

Needham, MA 02494

617-435-3471

pbaker@keyadvantagerealty.com 

https://www.linkedin.com/in/patbaker

 

 

 

 

Hughes
BEFORE YOU SELL
Pat Laracy Baker, Realtor, Green, ABR, Needham, Massachusetts (Key Advantage Realty )

You have decided to sell. But before you put the sign in the yard there are some things you will want to make sure you have done. Time spent doing research and setting the right price will most likely yield you a better return in the end. A home is only worth what a buyer is willing to pay for it.

Track your neighborhood values
Find out what homes similar to yours are selling for in your neighborhood so you will have a good idea what your home is worth.

Buyer or seller market
You need to judge whether it’s a sellers’ market or a buyers’ market in your neighborhood. Remember that all real estate is local. You will want to research things like interest rates, home inventory, job forecasts, and even time of year.

Research inventory
How many homes are for sale? If you live in a desirable neighborhood and there aren’t many homes for sale, you will have a clear edge here. However, if you see lots of homes on the market and they’re not selling very quickly, you might have to reduce the price you had in mind.

Know the average days on the market
Review the homes in your neighborhood and their days on market sometimes referred to as DOM. Look at trends for the past year and assess whether homes were appreciating or depreciating.

Monitor the job market
Is a big company relocating workers to your area? Or are they moving out and shutting the doors? The job market has a lot to do with the real estate market.

Attend nearby open houses
Observe how other properties are showing and compare them to your home. At an open house you can often feel the “mood” of potential buyers.

Get a professional opinion
A real estate professional will be able to help you gather all of the above information and come up with a CMA or comparable market analysis to determine the best price range for you home.

 
 

Pat Baker, Realtor, ABR

Key Advantage Realty

150 West St.

Needham, MA 02494

617-435-3471

pbaker@keyadvantagerealty.com 

https://www.linkedin.com/in/patbaker

 

 

 

 

Hughes
Money Saving Tips on Moving
Pat Laracy Baker, Realtor, Green, ABR, Needham, Massachusetts (Key Advantage Realty )

Moving can be an expensive endeavor. Even if you decide to rent a truck and move your belongings yourself there are lots of other expenses that can add up. Luckily, there are a few simple ways consumers can save money hauling their belongings from their current home to the next one.

Purge your things. Instead of moving things that you don’t use sell or donate them. If you decide to donate items to charity, you could save lots of time and even get a tax deduction.

Move on a less popular day. The most popular time to move is at the end of the month. Since most closings happen and leases are up at the end of the month there’s more competition for the trucks and moving crews. Moving at the end of the month will also cost you more. Choose your moving date midweek, closer to the middle of the month.

Packing materials like bubble wrap and foam peanuts are costly. If you are packing your own items use things you have around the house like bed linens, towels and clothing to pad your items. You can also use newspapers and tissue paper from gift bags. Be careful when using newspaper as the newsprint will smudge on dishes and other items.

Don’t buy moving boxes check Freecycle and Craigslist for free ones first. Ask around, your friends may have boxes suitable for moving.

 

Pat Baker, Realtor, ABR

Key Advantage Realty

150 West St.

Needham, MA 02494

617-435-3471

pbaker@keyadvantagerealty.com 

https://www.linkedin.com/in/patbaker

 

 

 

 

Hughes
For Sale By Owner FSBO Think Again
Pat Laracy Baker, Realtor, Green, ABR, Needham, Massachusetts (Key Advantage Realty )
Real Estate Agent with Key Advantage Realty 113011
May 17, 2014 11:34 AM

 Sure sounds like a great idea Huh?  Think again.  Agents know how to sell homes and keep them that way.

Think You Should "For Sale By Owner" Think Again

Just a little infographic to show how much there is to selling your home.  The biggest thing is that homes sell for more money when sold by agents.  Agents know how to sell homes.  Courses will not help. 

Buyers agents prefer to work with listing agents rather than direct to homeowner.  When you need a legal matter taken care of you go to a lawyer.  When you need your property surveyed you call a surveyor.  When you need do home improvements you call in the specialists: general contractors, architects, plumbers, electricians, etc.  When we want to sell our homes we call the specialist in for that.  That specialist is the Real Estate Agent.

What is not mentioned in the infographic is the literally hundreds of phone  calls from the time the offer is presented to the closing and all the steps until the closing day.

 

POSTED BY

Pat Baker, Realtor, ABR

Key Advantage Realty

150 West St.

Needham, MA 02494

617-435-3471

pbaker@keyadvantagerealty.com 

https://www.linkedin.com/in/patbaker

 

 

 

 

Hughes
How to Choose a Good Neighborhood
Pat Laracy Baker, Realtor, Green, ABR, Needham, Massachusetts (Key Advantage Realty )

How to Choose a Good Neighborhood

by PATRICIA BAKER on AUGUST 9, 2014 · in LOCATION

When shopping for a home, most people take their time searching for the perfect house. The question is, how much time should be spent searching for the right neighborhood as well? To find the superb setting for your new home, the house and neighborhood need to offer what your family desires.  The following information should be helpful when trying to determine if a neighborhood is right for you.

Paint a mental picture of your perfect neighborhood.  Write a list of the characteristics your ideal neighborhood would possess, taking into consideration your long and short term needs. Then answer the following questions:

  • Do you have or plan to have children ?
  • How far are you willing to commute ?
  • How much property do you want surrounding your home ?
  • Are you looking for a rural or urban setting ?
  • Do you prefer a historic neighborhood or one with more modern homes?
  • Would you be comfortable in a neighborhood with lots of noise and activities or would you prefer a more quiet serene one?

With these questions answered you now have a clearer idea of the characteristics you want in your new neighborhood.  This should help to narrow your search area.  Start by scouting around neighborhoods that appear to fit your established criteria.  For example, search a radius around your place of employment using your determined maximum commuting distance.  You may find that an additional 2 miles added to your commute will put you into the neighborhood of your dreams.

Once you have located a neighborhood that meets your specifications, it’s time to dig a little deeper.  Visit the neighborhood at different times of the day and during the weekend to get a true feel for the environment. Look for the warning signs of a troubled neighborhood such as abandoned buildings, vandalism, and poorly maintained streets and sidewalks.  Talk with people in the neighborhood and see if they will share the pros and cons of living in the area.

Local officials should be able to answer your questions regarding the following:

  • Population demographic
  • School system
  • Crime statistics
  • Property values and tax rates
  • Local entertainment, shopping and dinning

Choosing the right neighborhood will make the transition to a new home much easier for you and your family.  The extra time and energy spent researching will be well worth it.

 

 
Tagged with: 

Pat Baker, Realtor, ABR

Key Advantage Realty

150 West St.

Needham, MA 02494

617-435-3471

pbaker@keyadvantagerealty.com 

https://www.linkedin.com/in/patbaker

 

 

 

 

Hughes
The Carpet Workroom One In A Million Type of Store
Pat Laracy Baker, Realtor, Green, ABR, Needham, Massachusetts (Key Advantage Realty )

The Carpet Workroom*39 Highland Circle, Needham, MA

 as seen Channel 5 Chronicle

http://www.thecarpetworkroom.net/

The website is update too!

One in a million type of store.

 

Carpet Work Room. He finishes off carpets that he gets from retailers who do not have the

 

equipment to finish the area rug. They look great.

 

 

For all those who love The Carpet Workroom they are moving and right next to Staples and Petco in Needham now.  It will be bigger I am told and I did not want any of you to miss out by not knowing the new address.  What a wonderful store and so helpful.  So glad they are back in Needham even though they were only over the line in Newton still it is great to have them so central and right off Route 95/128 really neat if you don't happen to live in Needham you can be there in a flash so clos to the exit as you can see from the google map.

 

So the address is 39 Highland circle, Needham, MA.  

The website is above.

The contact email is needcptwork@comcast.net 

The phone number is 781-844-4912

 

Peter Lovetere 

His service includes :

 

Seam work 

Reinstallation 

Carpet Binding 

Reweaving

Pad Replacement

 

Pat Baker, Realtor, ABR, GREEN, CHMS

 

 

Pat Baker, Realtor, ABR

Key Advantage Realty

150 West St.

Needham, MA 02494

617-435-3471

pbaker@keyadvantagerealty.com 

https://www.linkedin.com/in/patbaker

 

 

 

 

Hughes
The Love Letter is Back
Pat Laracy Baker, Realtor, Green, ABR, Needham, Massachusetts (Key Advantage Realty )

The love letter is back! What is a love letter in real estate? When the market is hot and competition for desirable homes is high buyers can gain an advantage by writing the seller a love letter.

You may be wondering why in the world would I write a love letter to a seller? The answer: you want an advantage in a competitive real estate market.

What should I put in my love letter?

Compliment the seller on their home

Tell the seller why you love the home

Compliment the neighborhood

Make it personal

Be genuine

Love letters often appeal to a seller’s emotions and often especially if the owner has lived in the home a while the decision to sell a home is a very emotional process. If you find yourself in a bidding war or want to land the perfect home it may be a love letter that makes all the difference.

 

 
Tagged with

Pat Baker, Realtor, ABR

Key Advantage Realty

150 West St.

Needham, MA 02494

617-435-3471

pbaker@keyadvantagerealty.com 

https://www.linkedin.com/in/patbaker

 

 

 

 

Needham, MA Real Estate Professionals
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