Franklin, MA Real Estate News

By Marian Pierre-Louis, Metrowest Boston
(Fieldstone Historic Research)
Franklin Condo and Multi-family Round up There are currently 112 condos on the market in Franklin. The condo average list price is $323,000 with an average price per square foot of $179.  Average time on market is 201 days.  Four new condos came on the market in the last week.  They are located on Miliken Street, Pleasant Street, Stone Ridge Road and Grey Wolf Drive. Two condos went under agreement this past week. They were on Highwood Drive and Eagles Nest Way.  One other condo was flagged to go under agreement soon. Four condos were sold in the past week in Franklin.  They were: Clarendon Common 8 room, 2 bed, 2.5 bath Townhouse $258,000 GREY WOLF DR 6 room, 2 bed, 2.5 bath Townhouse $335,410 GREY WOLF DR 6 room, 2 bed, 2.5 bath Townhouse $331,805 EAGLES NEST WAY 8 room, 2 bed, 2.5 ba...
Comments 0
By Marian Pierre-Louis, Metrowest Boston
(Fieldstone Historic Research)
Franklin Single Family Home Round up Currently there are 100 single family homes on the market in Franklin, Massachusetts.  The houses have an average list price of $487,000 and an average market time of 163 days.  There are 13 properties available for $300,000 or less. On the upper end of the scale, there are six properties listing for $800,000 or more.  In the last week six new single family homes came on the market.  The new properties are on Norumbega Circle, Short Street, Pond Street, Cobblestone Drive, Pleasant Street and Dean Avenue.  They ranged in price from $284,000 to $539,000.  One single family home went under agreement in the last week. It was a 2 bedroom cape on Oak Street.  One other single family home was flagged to go under agreement soon. There were 8 single family ho...
Comments 3
By Barbara Todaro, Previously Affiliated with The Todaro Team
(RE/MAX Executive Realty - Happily Retired )
  The chart is a reflection of the new homes and condominiums sold in the Town of Franklin, Ma. from January of 2009 to November 18, 2009. RE/MAX Executive Realty leads the way with 22 sides and ten million dollars of sales volume. Century 21 Commonwealth, Bridge Real Estate, Costello Real Estate and Coldwell Banker Residential Brokerage in Franklin all have production within the same range of dollar volume and the number of transactions and sides. The year 2009 has been a productive year for new construction in the Town of Franklin, Ma. and The Todaro Team of RE/MAX Executive Realty are the main contributors to that market share.
Comments 2
By Barbara Todaro, Previously Affiliated with The Todaro Team
(RE/MAX Executive Realty - Happily Retired )
  Meadowbrook Heights in Franklin, Ma. has a closing today on #63 Grey Wolf Drive.  This condominium has a first floor master bedroom suite, two bedrooms and 2.5 bathrooms.  There is hardwood, tile, granite counters, maple cabinets, walk out bay window, slider to deck from family room with gas fireplace.  This condo is loaded with amenities plus an attached garage.  The sale price was $335,000.  The new owners are very excited about their purchase and their new home address, 63 Grey Wolf Drive in Franklin, Ma.    Visit The Todaro Team at their weekend open house event Saturday and Sunday from 1;00pm to 3:00pm and reserve a condo in this magnificent Active Adult Community.
Comments 6
By Lynda Longmire
(Virtual Homes Real Estate)
Franklin MA Foreclosures, Bank Owned and Short Sale Property for Sale Register to receive Franklin MA real estate foreclosure (bank-owned) listings and short sale opportunities. One of our Franklin real estate professionals will contact you and provide: A list of existing real estate foreclosure (bank-owned) and short sale listings in Franklin. Email alerts on NEW foreclosure (bank-owned) and short sale listings in the Massachusetts MLS. Address and mapping information. For Franklin community information including school reports, demographic, relocation, home buying and selling information go to Franklin MA real estate. To search the MA MLS listings visit Franklin MA MLS listings. Go to Franklin MA Foreclosures for a map based search result of bank owned properties. Go to Virtual Homes ...
Comments 0
By Barbara Todaro, Previously Affiliated with The Todaro Team
(RE/MAX Executive Realty - Happily Retired )
  In my town, Franklin, Ma., the land supply is nearly depleted.  They just don't make land anymore !!  So, where will that leave us in the future with developing new housing?  There are very few tracts of land, and the remaining parcels that are available need to be subdivided properly with a concept that will allow maximum development of that land.  Fortunately, there are several concepts that have proven to be very successful in my area.  My favorite concept is the Active Adult Community with condominium dwellings.  This is a density concept that is in demand, even in this market.  Our complexes are selling and as long as people continue to age, there will continue to be a need for this concept in the future.  The baby boomers are scaling down to a smaller, newer, maintenance free st...
Comments 13
By Kathy Stankard, Years of Experience, Years of Results
(Coldwell Banker, Franklin,MA/508-369-5131)
Once not too long ago, a Franklin, Massachusetts homeowner called to get an idea about what their ranch-style home would sell for in today's market.  As a Realtor, I said, "I would be happy to swing by and walk through your home with you, then I can research the data on comparable homes and provide you a cma report."  The homeowner said, "Cma? What does that mean?"  I was reminded the consumer does not necessarily know what a comparative market analysis is or how Realtors and/or a bank appraiser can determine the true home value. This home was built in 1969 and was on a level landscaped lot in a neighborhood setting.  Overall the condition of the home was good but the bath had not been updated since the late 1970s.  The kitchen, however, was brand new with granite countertops and stainl...
Comments 0
By Barbara Todaro, Previously Affiliated with The Todaro Team
(RE/MAX Executive Realty - Happily Retired )
  The chart is a reflection of the rental market in Franklin, Ma. as of November 11, 2009.  This is a rapidly growing market.  This chart is a sign of the times.  Anyone with a rental property should be experiencing 100% occupancy today.  As single family homes, condos and multi-family homes linger on the open market, rentals are occupied quickly.  The average rental figure for rented units is $1,237/month with a total of 83 having closed to this date. There is currently one pending at $600/month and it had a marketing time of 6 days. There are currently 28 rental units available in Franklin, Ma. with an average rental figure of $1,502/month.  The rental market is alive and well in 2009. This representation is based on data provided by MLS-PIN who does not guarantee the accuracy and th...
Comments 0
By Barbara Todaro, Previously Affiliated with The Todaro Team
(RE/MAX Executive Realty - Happily Retired )
  The chart is a reflection of Land Sales in Franklin, Ma. for the past seven years.  The year 2003 had 7 closed land deals with an average sale price of $193,157. The year 2006 rendered the highest average sale price with $267,000. The year 2005 saw only one land deal close at a sale price of $255,000. The years 2007, 2008 and 2009 each had 2 land transactions close with sale prices ranging from$175,750 to $262,500. There are very few large tracts of land remaining in the Town of Franklin.  Of the 23 parcels referenced in the chart, none were sub-dividable.  Two of them were over sized lots with extra acreage.  Density concepts are now prevalent in Franklin, Ma. to provide the highest and best use of the land that remains available in this town for subdivisions. This representation is...
Comments 0
By Kathy Stankard, Years of Experience, Years of Results
(Coldwell Banker, Franklin,MA/508-369-5131)
The state of Massachusetts is requiring local towns to report student's body mass index in order to qualify to receive $43,000 in state funding over the next decade but the towns are burdened with handling the necessary staffing for this project. The Massachusetts Public Health Council and the Mass in Motion anti-obesity initiative requires that all schools that receive Dept. of Public Health grants calculate students' body mass indexes to determine healthy proportions then confidentially report findings to parents. The town of Franklin, MA at a recent school committee meeting discussed how to handle this issue for its 6,100 enrolled students.  There was discussion over the inappropriateness of government getting involved in private weight matters, concern regarding what the state may u...
Comments 4
By Barbara Todaro, Previously Affiliated with The Todaro Team
(RE/MAX Executive Realty - Happily Retired )
  The chart to the left is a reflection of the multi-family home market in Franklin, Ma. for 2009.  This chart shows activity for Active, Pending and Closed multi-family transactions for 2009. The average sale price for multi-family homes is $224,600.  There have been five closed homes in Franklin to November 10th and the average marketing time was 139 days. The average list price for active listings is $376,088 with eight multi-family homes currently available for sale. There is one pending multi-family home in Franklin, Ma. at this time.
Comments 0
By Kathy Stankard, Years of Experience, Years of Results
(Coldwell Banker, Franklin,MA/508-369-5131)
Today may be just another Monday but it is a special day for a few families in Franklin, Massachusetts.  One family gets to move on to relocate to a better job opportunity and another young family is just beginning their lives here.  Today they will close on their dream home, get their keys and begin to unpack.   They will soon meet the neighbors and the children will begin elementary school here.  Within a few weeks, they will receive the invitations to the neighborhood Holiday cookie exchange and the ice skating parties at the neighbor's backyard rink.  They will likely meet loads of new parents at the Holiday train ride with Santa.  They will probably join the Franklin YMCA and start swimming lessons.    By the spring they will have so many new friends and maybe start youth soccer.  ...
Comments 0
By Kathy Stankard, Years of Experience, Years of Results
(Coldwell Banker, Franklin,MA/508-369-5131)
Franklin High School, in Franklin, MA contacted all high school families via their broadcast telephone and email system at the start of this weekend to alert parents to the higher than usual number of school absences.  Superintendent, Maureen Sabolinski and Principal, Peter Light reported that "due to reporting issues they have been unable to determine the exact number of influenza cases... and as of today, no patterns have been found among positive influenza cases." They went on to inform the public that the availability of flu vaccines is behind schedule and are awaiting word on when those vaccines will be available. Once these vaccines become available, the Franklin Public Schools will offer a vaccination program run by the Department of Public Health and the Franklin Board of Health...
Comments 6
By Marian Pierre-Louis, Metrowest Boston
(Fieldstone Historic Research)
Franklin Condo and Multi-family Round up There are currently 114 condos on the market in Franklin. The condo average list price is $328,000 with an average price per square foot of $179.  Average time on market is 189 days.  Two new condos came on the market in the last week.  They are located on A Street Extension and Highwood Drive. Two condos went under agreement this past week. They were on Grey Wolf Drive and Cassandra Avenue.  One other condo was flagged to go under agreement soon. Seven condos were sold in the past week in Franklin.  They were: Franklin Crossing Road - 4 room, 2 bed, 1 bath Garden - $160,500 Highwood Drive - 4 room, 2 bed, 1.5 bath Townhouse - $167,500 Highwood Drive - 5 room, 2 bed, 1.5 bath Townhouse - $187,900 Highwood Drive - 6 room, 2 bed, 2 bath Townhouse -...
Comments 0
By Marian Pierre-Louis, Metrowest Boston
(Fieldstone Historic Research)
Franklin Single Family Home Round up Currently there are 101 single family homes on the market in Franklin, Massachusetts.  The houses have an average list price of $485,000 and an average market time of 171 days.  There are 15 properties available for $300,000 or less. On the upper end of the scale, there are six properties listing for $800,000 or more.  In the last week four new single family homes came on the market.  The new properties are on Greensfield Road, Hancock Road, Colt Road and Hillside Road.  They ranged in price from $299,000 to $624,999.  Six single family homes went under agreement in the last week. They are located on Arlington Street, Chestnut Street, School Street Hawthorne Drive, Pond Street and Mercer Lane.  Two other single family homes were flagged to go under a...
Comments 0
By Kathy Stankard, Years of Experience, Years of Results
(Coldwell Banker, Franklin,MA/508-369-5131)
Today's Boston Herald cited a dozen communities which have actually seen a rise in both sales as well as prices of homes despite other communities continued slump during the downturn.  Franklin, MA shows both an 8.4% increase in sales and median price from one year ago.   John Ford, blogger, in his Boston Real Estate Blog notes his astonishment that Franklin, MA has bucked the housing slump trend stating "considering how far out it is".  I feel compelled to explain that the fine suburb of Franklin, Massachusetts is still located in Greater Boston.  From a travel standpoint, it is a mere 45 commuter rail ride and a 40 minute car ride with no traffic into downtown Boston. Let's face it--a suburb like Franklin offers the best of both worlds... An easy commute by commuter rail or highway to...
Comments 2
By Barbara Todaro, Previously Affiliated with The Todaro Team
(RE/MAX Executive Realty - Happily Retired )
  the chart shows the relationship of Active, Pending and Closed single family homes in Franklin, Ma.  There are currently 101 single family homes on the market in Franklin, Ma. The average list price is $480,243 and the average marketing time is 171 days. The chart also shows 22 Pending transactions in Franklin, Ma. for single family homes.  The average list price is $400,168, and the average marketing time is 117 days. There are currently 226 single family homes closed in the Town of Franklin, Ma.  The average sale price is $418,283 and the average marketing time was 106 days on the market.  This representation is based on data provided by MLS-PIN who does not guarentee the accuracy and the data may not reflect all real estate activity.
Comments 8
By Kathy Stankard, Years of Experience, Years of Results
(Coldwell Banker, Franklin,MA/508-369-5131)
When a seller tells a Realtor that they are waiting to sell their home until the market changes what they have difficulty realizing is that those prices will rise for all homes in that area. The couple who have no mortgage and want to wait a 3-5 years for a market correction will potentially get more for their home sale but they will also pay more for the home they will need to purchase. Eric Berman, of the Massachusetts Association of Realtors, reminds us that if a buyer is prepared then the time is fantastic to purchase a home this fall. Obtaining a credit report, getting a pre-approval with the ability to put at least 5% down as well as calculating the costs of homeownership (taxes, insurance, utility bills, maintenance,etc.), understanding the home buying process and working with a ...
Comments 0
By Barbara Todaro, Previously Affiliated with The Todaro Team
(RE/MAX Executive Realty - Happily Retired )
  Congratulations to Matt Kelly of RE/MAX Executive Realty in Franklin, Ma. for his victory in yesterday's race for a seat on the Franklin Town Council.  The loyal campaign staff did a fine job of promoting and supporting Matt in his endeavor to win that race.   On the top left is Matt Kelly.  To the immediate left is Lorraine Kuney.  Shown to the right are Chrissy Lanord and Mike Colombo. This is truly Team Work!!
Comments 2
By Barbara Todaro, Previously Affiliated with The Todaro Team
(RE/MAX Executive Realty - Happily Retired )
  This is truly team work.  That's Mike Colombo of the Colombo Team of RE/MAX Executive Realty holding a sign for Matt Kelly at today's election in Franklin, Ma.  Along side of him is Chrissy Lanord, our call coordinator at RE/MAX Executive Realty.           Last, but certainly not least, is Lorraine Kuney of The Todaro Team of RE/MAX Executive Realty, doing her part to support Matt Kelly.  Soooo, where is Matt Kelly through all of this?  I'm sure he's shaking hands and waving to all of his local supporters.  Good Luck, Matt....we're all routing for you.
Comments 0
Explore Franklin, MA