Burlington, MA Real Estate News

By Lisa Coates, Residential Home Sales Specialist
(Level Ten Construction Consultants)
Premiere Boston Relocation Real Estate SpecialistService Area: Acton, Arlington, Back Bay, Beacon Hill, Boston, Burlington, Bedford, Cambridge, Concord, Lexington, North End, Seaport, South End, Sudbury, Waltham, Wayland and WestonYears of Service: 8Service Type: Real EstateMarket Focus: Residential View More PhotosLuxury Rentals 1000's of ListingsHome Buying TipsNew Construction Re-Sale Single FamilyRe-Sale Condo Relocation Luxury Home Leasing SpecialistAccredited Buyer AgentCertified Buyer AgentGraduate Realtor InstituteMember - Greater Boston Real Estate BoardMember - Massachusetts Realtor AssociationMember - National Association of RealtorsWomens Real Estate and Design Lifestyle AdvisorSkilled NegotiatorComprehensive CMA performed before bidding on homesGood network within Real Esta...
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By Brenda Cahoon
(EXIT Premier Real Estate)
During this economy, it’s imperative that you know what to do as a homebuyer. The tips below can help you to save money and time, as well as give you a piece of mind! 1. Make sure you get pre-approved for a mortgage before making an offer. Showing up with a pre-approval letter gives you a firm standing that you’re a serious buyer and have the backing to purchase the property. 2. Know when to quit. Keep your head. Reacting with emotion can damage your chances of getting the home you desire. Don’t get caught up in a bidding war for the sake of being the winning bidder or have yourself set living in a home in a certain area before you get a signed offer. 3. Put aside enough money to cover closing costs Find out a Good Faith Estimate of the loan-related fees are from your lender.  Don’t go ...
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By Fred Doleac, Real Estate in a Virtual World
(Fred Doleac - Bean Group)
Buying a home is an important investment however your primary focus should be to solve a housing need. The process can be very complicated if you do not work with industry professionals that can provide accurate information and advise you. The professionals include mortgage lenders, Realtors, attorneys, home inspectors and accountants. If you are a first-time home buyer, you may qualify for a tax credit ($8000 in 2009) and could be eligible for special financing programs. For a map based search of all properties listed in the MA MLS go to BURLINGTON MA MLS Let Burlington MA real estate assist you in finding the right property to meet your needs from local area homes for sale, foreclosure listings (bank-owned), country properties, land, condominiums and equine facilities -- all through t...
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By Lisa Coates, Residential Home Sales Specialist
(Level Ten Construction Consultants)
Ironically I recently discovered I was not the only soul in Boston, that felt like being stranded on a deserted island. A close friend moved to Boston from NYC yes Manhattan. And asked "What do you do besides work? I replied the usual shopping, running errands and venturing to the occasional yoga class when time allowed. Well, after 10 days of each others companionship while her furniture was being delivered and the finishing touches applied to her condo. Oh, did I forget to mention she was a house guest during this time. She casually mentioned " You know so many people, how come you don't hang out with them? I thought about the question before offering a reply. Then I responded with " Like you I'm not a native of Boston although for the past 10 years since I returned from Canada, I've ...
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By Scott Strang, Licenced RE Broker and Realtor Office in MA&NH
(Scott Gregory Group)
Burlington 07 vs 08 Values         2007   2008     Avg Home Sale Price $492,102 Avg Home Sale Price $390,807 -20.58% Median Sale Price $434,555 Median Sale Price $367,500 -15.43% # of Homes Sold 171 # of Homes Sold 136   Avg Days on Market 143 Avg Days on Market 113   Fox Hill Elementary School         2007   2008     Avg Home Sale Price $467,142 Avg Home Sale Price $423,417 -9.36% Median Sale Price $451,950 Median Sale Price $414,000 -8.40% # of Homes Sold 30 # of Homes Sold 33   Avg Days on Market 119 Avg Days on Market 117   Memorial Elementary School         2007   2008     Avg Home Sale Price $454,127 Avg Home Sale Price $382,056 -15.87% Median Sale Price $448,750 Median Sale Price $365,000 -18.66% # of Homes Sold 16 # of Homes Sold 9   Avg Days on Market 129 Avg Days on Market 12...
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By Nick DeLuca
(The Prudential Suburban Realtors)
Has anyone noticed that activity is starting to gain momentum lately?, I am in the Middlesex county region in Mass....
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I Just sold this home which is close to Burlington's beautiful Town Common.  It was well within walking distance of stores,resturants and public transportation.  Are you looking in the areas of Middlesex County and or North of Boston for your new home? If so, contact me.  I have lived in the Burlington/North of Boston area for 19 years and have lived within the Middlesex County area for over 35 years.    
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By Brenda Cahoon
(EXIT Premier Real Estate)
I just SOLD another beautiful home in the highly sought after neighborhood of Fox Hill in Burlington!    Are you looking for one of Burlington's Top 10 Agents in Market Share?  If so, You just found her!
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Burlington's single family home sales market  showed some seasonal strength but has weakened in the past month or two. With August sales numbers in, volume is slightly low, and prices stumbled in August.  The graph below shows a line for the median price and bars for the numbers of homes sold. In the Single Family market, there are only 59 properties listed for sale. This represents an 18% lower inventory than the same time last year. The median sales price dropped in August breaking the summer's upswing. The sales volume improved with 13 homes sold, but this was still down 38% from last year. The average time on market for properties to sell bumped up to160 days, but was skewed by one home taking more than 2 years.  Currently we have less than a 5 month supply of property which indicat...
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First a review of where we came from. For Burlington, the market volume and prices peaked in 2004, at an annual median price of $420,000. Prices have shown only a 1% pullback since that time. The number of homes sold in 2004 was 213. In 2007, 171 homes sold so the volume has fallen off 20%. So far in the first half of 2008 there have only been 62 sales, so the market volume is low. There is a weak seasonal effect on the Burlington market with Q1 (Jan, Feb, Mar) being the low and Q4 (Oct, Nov, Dec) being somewhat weak also. This seasonality should be taken into account when looking at any monthly data. 2008 Q1 volume was very low, but Q2 was stronger so the strong summer trend seems to be holding. Generally there have been fewer homes on the market this year. With sellers holding homes o...
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By Brenda Cahoon
(EXIT Premier Real Estate)
Great Split-Entry Home in the Wonderful Neighborhood of FOX HILL. Many Improvements Have Been Made To This Home Including: New Roof, New Windows, New Bathroom With Ceramic Flooring. Lower Level Rooms Have Been Freshly Painted and Have a New Berber Carpet.
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Burlington, MA is a diverse community and is the epitome of America.... truly a melting pot.  There is true tolerance of others here as there as so many different religious sects working together in harmony.  Here is a listing of the religious organizations that represent the many faces of Burlington, Massachusetts. Burlington Church of Christ, Cambridge St (781 272-6439) - Church of Christ Church of the Open Bible, Winn & Wyman St (781 272-0090) - Non-Denominational Fellowship Bible Church, Center St (781 272-2278) - Bible Grace Baptist Church, Florence Rd (781 750-8911) - Baptist Heritage Park Baptist Church, Lexington St (781 273-1669) - Baptist International Church of God, Cambridge St (781 221-8444) - Church of God Islamic Center of Burlington, Lexington St (781 229-0336) - Muslim ...
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If you're moving to Massachusetts and are looking for a location that has some good places to eat, then Burlington, MA is your town. Two restaurants in town that really stand out are..... L'Andana, the newest restaurant in Burlington is located just off of route 128 on Cambridge St.  It is a very easy location to get to from anywhere in town as well as neighboring towns.  The restaurant is a casual elegant experience in Tuscan dining.  The ambiance has been described as 'extremely impressive with a Tuscan barn flair'.  The chef/owner, Jamie Mammano, is the same Jamie Mammano that opened Mistral in Boston.  (http://www.landanagrill.com/)       Cafe Escadrille, a staple in Burlington for years is a very nice luxury restaurant and function hall with a Boston restaurant feel.  If you're loo...
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Burlington, Massachusetts is a great place to live, not only for the excellent school systems and fine dining options, but also for its prime location. When living in Burlington, you are conveniently located along route 128 and route 3.  You are also just a few minutes from route 95.  With these highways nearby, you will easily be able to hop into historic Boston to catch see history or to watch a Red Sox game within 30 minutes.  If you're a beac person, Walden Pond is a short 20 minute trip or you can be on the beaches of Gloucester in 45 minutes.  If it's skiing you're looking for, then you can be on the slopes, skiing down the mountains in New Hampshire within 45 minutes. Enjoy the convenience of location with the small town feel in Burlington, MA.   ---------------------------------...
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By Joanna Schlansky
(Showcase of Homes, Realtors)
Burlington, Massachusetts Real Estate Market Report October to December 2007 For the last quarter of 2007 there were 38 homes that sold in Burlington, MA. This is the down from 65 homes in Burlington, MA for the same quarter the previous year, the last quarter of 2006.The Average sale price for the homes that closed in Burlington for December of 2007 was $482,362The Average sale price for the homes that closed in Burlington, MA from October to December of 2007 was $393,531 which is up from $382,374 for the last quarter of 2006.  This is also up from the same quarter five years ago, $356,574** The above information is for single family homes only and do not include condo's or Multi-family homes in Burlington, MA.----------------------------------------------------------If you are thinkin...
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By Brenda Cahoon
(EXIT Premier Real Estate)
Frequently asked questions of the Buyer's AgentHow much does their service cost me?In most cases, there are no additional costs to you for the service of a Buyer's Agent.  Although technically you're hiring the Buyer Agent, the compensation can come from the real estate transaction.  When a home is listed for sale with a real estate agent, (a.k.a. the Listing Agent),  the seller generally allows for a commission big enough for the listing agent to share 50/50 with the real estate agent that brings the buyer (a.k.a. the Buyer's Agent).If the Buyer Agent usually works on a commission, what is the Agent's incentive to save me money when negotiating on my behalf?REPEAT BUSINESS....The better the job the Buyer's Agent does for the home buyers, the more the buyers will spread the word.  A rea...
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By Brenda Cahoon
(EXIT Premier Real Estate)
Many times when I meet Sellers for the first time to list their home, they ask me what they can do to increase the value of their home.  The first thing I tell them is not what they could do on the inside, but what they should do on the outside first!  Why would I mention this...?  Well not only am I a REALTOR, I'm also a Professional Home Stager.  I preview a seller's home as if I were the buyers.  Since I work with Buyers also, I know what they are looking for in their next home.  One of the first things they see is the EXTERIOR of a home...Why? Because many buyers will do what we call a "DRIVE-BY".  Before they even go inside the listed home, They drive around the neighborhood, seeing if there is a lot of traffic on the road, if the other homes in the neighborhood are in well-kept co...
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Many times when I meet Sellers for the first time to list their home, they ask me what they can do to increase the value of their home.  The first thing I tell them is not what they could do on the inside, but what they should do on the outside first!  Why would I mention this...?  Well not only am I a REALTOR, I'm also a Professional Home Stager.  I preview a seller's home as if I were the buyers.  Since I work with Buyers also, I know what they are looking for in their next home.  One of the first things they see is the EXTERIOR of a home...Why? Because many buyers will do what we call a "DRIVE-BY".  Before they even go inside the listed home, They drive around the neighborhood, seeing if there is a lot of traffic on the road, if the other homes in the neighborhood are in well-kept co...
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By Brenda Cahoon
(EXIT Premier Real Estate)
I love my job!  I especially love my job when I realize that I am part of an office that has top place for Market Share in Burlington!  That's right, since 1/1/2007 to today, 11/01/2008 EXIT Premier Real Estate is the NUMBER ONE Real Estate office in Market Share for almost a year now.  Why am I so successful and part of that top seat of market share?  All of our agents have the same philosophy as I do!  Treat your clients that way you would want to be treated...give them the utmost in personal attention, listen to what they are looking for in their next home, and keep in contact with them long after the transaction is completed.  I personally have this motto that I tell all my potential clients in our first meeting..."We start the home buying transaction as Client & Agent, we close the...
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Burlington, MA Real Estate Professionals