Medford
As we wait to see the impact of the COVID-19 pandemic on the market; we can see the positive impact of weather given New England experienced one of the lowest snowfall amounts on record in Q1 2020. The chart below is a comparison of Average Sale Prices for Condominium and Single Family homes in Medford,…
According to the 2019 Profile and Home Buyers and Sellers conducted by the National Association of Realtors®; home sellers in 2019 owned their homes for 10 years on average. The chart below exhibits 10 year trends for Condominium and Single Family average sale prices in Medford, MA from 1999 – 2009 and 2009 – 2019:…
In Massachusetts, real estate taxes are set annually during the city/town budget process and require state approval. A variety of personal exemptions are available; some offer a “Residential Exemption*” which lowers the tax burden for homeowners occupying their primary residence. Verifying tax details from a trusted source is vital to accurately determine the overall cost…
The FY18 Residential Tax Rate* in Cambridge, MA is 6.29% and almost half the rate of neighboring Arlington, MA (12.13%). But in Cambridge, homeowners occupying a primary residence may be eligible for the Cambridge Residential Exemption saving up to $2,132 annually! Home Buyer Beware: Residential tax information provided in MLS Listings may not be accurate especially…
When Is The Best Time To Sell? Clients often ask me … “When is the best time to sell?”. In Cambridge and greater Boston, the largest inventory of homes for sale typically occurs in Spring and early Summer. On average the largest number of buyers looking to buy a new home also occurs during this time. …
