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Medford

MA Home Sale Prices Q1 2022

Will Home Sale Prices Rise in 2022? Multiple offers and bidding wars continued in MA during the first quarter of 2022 for homes in good condition, priced fairly, and providing larger living space.  If home buyer demand continues to outpace available inventory then we can expect home sale prices to continue rising. In most of...

2021 Housing Inventory in MA

Housing Inventory and Sales Increased in 2021 Despite housing inventory increasing 7% to 63% in Arlington, Belmont, Cambridge, Medford, and Somerville MA in 2021; increased home buyer demand resulted in record-breaking sale prices and the highest percentage of listings sold in years. Home Buyer Demand Out-Paced Housing Inventory Typically when housing inventory increases, the resulting...

2021 Home Sale Prices in Massachusetts

Another Record-Breaking Year for Home Sale Prices Single and Multi-Family homes were clear winners in the jaw-dropping bidding wars for homes in Arlington, Belmont, Cambridge, Medford, and Somerville, MA in 2021. In Arlington and Belmont, median sale prices increased for all predominant property types being Condominium, Single Family, and Multi-Family homes.  In Cambridge, Somerville, and Medford...

MA Residential Tax FY19 Comparison

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…

FY18 Residential Taxes

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?

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. …