Burlington, MA Real Estate News

By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
  This is the activity report for Burlington, MA for the week of November 15th, 2010. (Data Source: MLSPIN)       New listing : 5 (average sale price: $385,900) Price Changes: 6 (average price change: -0.21%, with one listing going up in price by $10,000!) Pending and Under Agreement: 6 (average price: $389,067) Sold: 1 (average sale price: $460,000, sold at 100% of original asking price!) Expired Listings: NONE (WOW!)  
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
This is the activity report for Burlington, MA for the week of November 8th, 2010. (Data Source: MLSPIN) New listing : 4 (average list price: $343,675) Price Changes: 4 (average price change: +6.52%) with one listing increasing the list price by $120,000 from $249,900 to $369,900!!! Pending and Under Agreement: 7 (average price: $365,471) Sold: 4 (average sale price: $352,750, sold at 95% of original asking price) Expired Listings: 3.
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Here is the market snapshot of sales of single family homes and condos for the month of October 2010 for Burlington, MA. (Data Source: MLSPIN). (Just an FYI - this data includes a sold condo sale at $146,000 which was on market for only 23 days.) Here is the combined report: Average Price: $418,714 ($485,400 for September 2010) Total Number of Sales: 14 (12 in September 2010) Total Sales Volume: ~$5.9M (~$5.8M in September 2010) Median Price: $414,000 ($472,500 in September 2010) Days on market: 118 (56 - lower due to some quick sales) Based on these numbers, we can say, the things are NOT GETTING BETTER for Burlington, MA real estate market.
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Burlington, MA Real Estate - How's the market? How was the market in Burlington, MA for the month of September, 2010. Was it hot or not so hot? Like other two towns for which I posted the statistics (Wilmington and North Andover), I had to combine the numbers for single family and condos. (Courtesy: MLSPIN) or else, the numbers would have looked terrible. Let's see the chart and you'll know what I am talking about:   So looking at the numbers, it sounds better than Wilmington and North Andover - a shade better only. $5.8M voulme is nothing much to talk about for Burlington, MA and so is true for 12 unit sale in the whole month. Why? Because, it was Jume 2010 when these numbers were almost double for volume and more than double for number of units ($11.8M and 27 respectively for total vo...
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Burlington, MA Real Estate Market trends over last 3 months..(courtesy: AltosResearch) This chart shows variation in price and inventory. Inventory is down by about 10% and median price down by 2%!   The next chart shows days on market and absorption of the homes over past 90 days. (lot of fluctuation in absorption but boy..days on market has gone up from less than 50 to almost 70 - almost 40% increase!!!     So these were the charts that presented the facts about Wilmington Real Estate Market Trends over last 90 days.
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By Hugh Fitzpatrick
(New England Title/ Fitzpatrick & Associates, P.C.)
FROM FHA FHA LAUNCHES SHORT REFI OPPORTUNITY FOR UNDERWATER HOMEOWNERSEffort designed to encourage principal write-downs for responsible borrowers WASHINGTON - In an effort to help responsible homeowners who owe more on their mortgage than the value of their property, the U.S. Department of Housing and Urban Development today provided details on the adjustment to its refinance program which was announced earlier this year that will enable lenders to provide additional refinancing options to homeowners who owe more than their home is worth. Starting September 7, 2010, the Federal Housing Administration (FHA) will offer certain 'underwater' non-FHA borrowers who are current on their existing mortgage and whose lenders agree to write off at least ten percent of the unpaid principal balanc...
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By Lori Liveston
(Virtual Homes, Real Estate)
Burlington MA Real Estate Report - July 2010 The Burlington MA Real Estate activity for homes sold in Burlington, MA shows that there were 22 single family homes transacted between 7/1/2010 and 7/31/2010 with an average sales price of $395,759 and an average days on the market (DOM) of 97.     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. Burlington MA Real Estate 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 foll...
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By Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale
(LAER Realty Partners)
Burlington Real Estate - Homes Sold in First Half of 2010 - from Jan 1st, 2010 to June 30th, 2010. Let's take a look at the numbers for first half of 2010 for Burlington, MA. In this blog, I'll talk about only the single family residences and the data is from MLSPIN. Here is the split by price stats for first half of 2010 in Burlington single family homes: Burlington Real Estate - Homes Sold in first half of 2010 - How does it compare to same period in 2009 - i.e. from Jan 1st, 2009 to Jun 30th 2009? Here we go - split by price range, this is what happened in 2009 first half. Well,you can easily say, Burlington has gone up in volume almost 30% in first half compared to 2009 voulme. Considering the fact that the Obama Tax Credit was ending in June 2010, some closings may have been pushed...
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By Lori Liveston
(Virtual Homes, Real Estate)
Burlington MA Homes Market Report - June 2010   The Burlington MA Homes Market activity for homes sold in Burlington, MA shows that there were 23 single family homes transacted between 5/1/2010 and 5/31/2010 with an average sales price of $417,307 and an avereage days on the market (DOM) of 78. It is clear from the charts below that 2009 was the bottom of the Burlington MA with prices at a bottom prices from January up through this month we have seen healthy sales prices supporting my claims of recovery in the Burlington MA homes market.  DOM are also healthy at 78, down from a painful 114 in 2009 that had sellers sweating it for almost 4 months on the average home sale.       MA Real Estate - Community, relocation and school information with town demographics. MA Foreclosures - Obtain ...
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By Lori Liveston
(Virtual Homes, Real Estate)
Burlington MA Homes Market Report - May 2010 The Burlington MA Homes Market activity for homes sold in Burlington, MA shows that there were 28 single family homes transacted between 5/1/2010 and 5/31/2010 with an average sales price of $415,829 and an avereage days on the market (DOM) of 102. It should be noted that the sale of new construction at Kelly Farm Estates boosted the average sale price to well above the previous average (approximately $450,000) with 5 properties selling for greater than $600,000.  The sales at Kelly Farm Estates made up 25% of the market activity for May 2007.         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 l...
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By Lori Liveston
(Virtual Homes, Real Estate)
Burlington MA Real Estate Market Report - Q1 2010 The Burlington MA Real Estate Market activity for homes sold in Burlington, MA shows that there were 16 single family homes transacted between 1/1/2010 and 3/31/2010 with an average sales price of $203,561 and an abereage days on the market (DOM) of 104.       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. Burlington 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 o...
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By Scott Strang, Licenced RE Broker and Realtor Office in MA&NH
(Scott Gregory Group)
The Fox Hill School area is one of the more desirable areas in Burlington Massachusetts. This is reflected in the values in Burlington. Listed below the 4 public elementary schools in Burlington MA.   Currently there are 10 homes available in Burlington that are in the Fox Hill School. Sign up for my MLS property finder now to start getting saved alerts for homes for sale in the Fox Hill School area in Burlington Massachusetts. Map of the area:  View Larger Map   Burlington is in a great location for communting to Boston being only 13 miles Northwest of the city and being very convenient to the mass pike, rte 128 and rte 93. Burlingtons population is around 25,000 people. It covers 11.8 square miles. It is bordered by Lexington, Bedford, Billerica, Wilmington and Woburn. Burlington has ...
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By Lori Liveston
(Virtual Homes, Real Estate)
Burlington Massachusetts Market Report for Homes Sold - 2/28/2010 The real estate and homes sold activity for Single Family homes in Burlington, Massachusetts shows that there were 3 Single Family homes transacted in February 2010 with an average sales price of $461,967 and an average days on the market (DOM) of 79.       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. Burlington MA Real Estate Burlington 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 Lynda Longmire
(Virtual Homes Real Estate)
Burlington, Massachusetts Real Estate and Homes for Sale - Direct MLS Access The Burlington MA real estate and home buying process can be complicated and you will benefit from the guidance of industry professionals. A real estate buyer's agent, mortgage lender and an attorney are the primary advisers in the purchase of property. If you are a first-time home buyer or an existing owner, you may qualify for a tax credit and could be eligible for special financing programs. Start your search be determining your price range, housing needs and lifestyle you desire. Burlington MA real estate will assist you in finding the right property to meet your needs from local area homes for sale, foreclosed listings (bank-owned), land, condominiums,  all through the MA Multiple Listing Service (MLS). Re...
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By Carol McDonald, Macri, CDPE, GRI, SRES, SRS
(ERA Andrew Realty)
(February 28, 2010) - Burlington, MA - The Pine Glen Elementary School PTO has coordinated with Burlington resident and local Realtor, Carol McDonald Macri of RE/MAX Encore, a very special opportunity... the ability to take a ride in "Big Max", the RE/MAX of New England Hot Air Balloon. Sponsored by RE/MAX Encore, "Big Max," the seven-story-tall red, white and blue RE/MAX hot air balloon, will be kicking off the Pine Glen Carnival at the Pine Glen Elementary School on Saturday, March 27th at 9:00 a.m., wind and weather permitting. This invitation is open to the public. "Most children don't ever have an opportunity to experience something like this.  It's great community fun! My family is part of the Pine Glen family and I'm thrilled to be able to bring the REMAX Balloon to town.  As a ...
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By Lori Liveston
(Virtual Homes, Real Estate)
The real estate and homes sold activity for Singe Family homes in Burlington, Massachusetts shows that there were 162 Single Family homes transacted in 2009 with an average sales price of $386,971 and an average days on the market (DOM) of 89.  As of today (February 23, 2010), there are 60 Single Family homes on the market with a median listing price of $421,950 and an average DOM of 117.           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 commun...
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By Lori Liveston
(Virtual Homes, Real Estate)
Burlington Massachusetts Condo Market Report - 2009 YOY The real estate and homes sold activity for condos in Burlington, Massachusetts shows that there were 24 Condos transacted in 2009 with an average sales price of $400,081 and an average days on market (DOM) of 164. Visit the Virtual Homes Blog for a Middlesex County Report.     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 fo...
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By Brenda Cahoon
(EXIT Premier Real Estate)
Although the number of homeowners on the brink of losing their homes dipped in October, homeowners still sit in a state of fear that may prevent them from seeking help, or even looking for alternate solutions that will allow them to stay in their homes. Below are some answers to common fears: Fear: If I alert the mortgage company there is a problem, my home will foreclose faster. Reality: When you contact your lender, it gives you an opportunity to explain why you haven’t kept up with your payments and what steps you are taking to get back on track. Lenders want you in your home, and may be willing to change the terms of your loan or even devise a repayment plan. Fear: My mortgage company has already turned me down for a loan modification, so there is no point in contacting a counseling...
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By Lynda Longmire
(Virtual Homes Real Estate)
Burlington MA Foreclosures, Bank Owned and Short Sale Property for Sale Register to receive Burlington MA real estate foreclosure (bank-owned) listings and short sale opportunities. One of our Burlington real estate professionals will contact you and provide: A list of existing real estate foreclosure (bank-owned) and short sale listings in Burlington. Email alerts on NEW foreclosure (bank-owned) and short sale listings in the Massachusetts MLS. Address and mapping information. For Burlington community information including school reports, demographic, relocation, home buying and selling information go to Burlington MA real estate. To search the MA MLS listings visit Burlington MA MLS listings. Go to Burlington MA Foreclosures for a map based search result of bank owned properties. Go t...
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