Seller Testimonial – Newton Upper Falls

 

Michelle Lane is a great broker. She came highly recommended. We were very pleased with her market knowledge. She does an excellent job of analyzing the current market to develop a pricing strategy for your property and implementing it. Michelle is a good listener and works to understand your individual needs during the selling process. In addition, she is very nice person, easy to work with, and make the entire process a pleasure.

Carol, Newton Upper Falls

Seller Testimonial – Newton Auburndale

I can’t thank Michelle enough for all your help in selling my sister’s house.  She was fabulous and very sensitive to the difficult situation of losing my sister.  Made this very easy and we are truly grateful.  She sold the house for a fantastic price with no inspections! It could not have been a better experience.   I would gladly recommend Michelle to anyone looking to sell a home.  

Mary Ellen, Providence RI

Homes Sold in Newton MA – Week of May 18, 2015

I hope you are enjoying this beautiful Memorial Day weekend with your loved ones.

The best way to understand the value of homes in Newton and which way they are trending is by looking at what has sold, for how much, and whether it went for above or below asking price.  The sales for this week are below.  I should clarify that a sale means the deal has closed.  So the actual offers on these properties were make roughly 6 weeks ago.  This is not the same as what went under agreement, which will be in my next post.  With homes that went under agreement, we cannot know what they sold for until they close in about 6 weeks.

As you can see, the trend continues that houses under $1M are still going strong and getting into bidding wars.  Those over $1M are still selling for right around their asking price, some are going over, but not at the same percentage as the under $1M inventory.

Email Me if you are looking to buy or sell a home in Newton.  I am glad to help.

96 Harding 96 Harding Street
West Newton
2 Beds, 1.5 baths
Living Area: 1,380
Sale Price: $646.108
Asking Price $589,000
Days on Market: 8
46 Jerome 46 Jerome St
West Newton
3 beds, 2 baths
Living Area: 1,478
Sale Price: $712,000
List Price: $649,000
Days on Market: 6
131 Waban Hill North 131 Waban Hill Road North
Chestnut Hill
3 beds, 2 baths
Living Area: 1,768
Sale Price: $950,000
List Price: $899,000
Days on Market: 1
7 Shorncliffe 7 Shorncliffe Road
Newton Corner
3 beds, 2.5 bath
Living Area: 1,732
Sale Price: $1,025,000
List Price: $997,988
Days on Market: 18
104 Manet 104 Manet Road
Chestnut Hill
3 beds, 3.5 bath
Living Area: 2,858
Sale Price: $1,250,000
List Price: $1,195,000
Days on Market: 31
43 Woodcliffe Rd 43 Woodcliff Road
Newton Highlands, MA
6 beds, 2 full, 2 half
Living Area: 3,906
Sale Price: $1,210,000
List Price: $1,199,000
Days on Market: 7
703 Chestnut 703 Chestnut Street
Waban
6 beds, 3.5 baths
Living Area: 2,850
Sale Price: $1,445,000
List Price: $1,500,000
Days on Market: 9
525 Hammond St 525 Hammond St
Chestnut Hill
4 beds, 3.5 baths
Living Area: 3,672
Sale Price:$1,785,000
List Price: $1,575,000
Days on Market: 29
17 Rachel Road 17 Rachel Road
Newton Center
5 beds, 5 baths
Living Area: 5,107
Sale Price: $1,650,000
List Price: $1,699,000
Days on Market: 69
45 Colbert Road East 45 Colbert Road East
West Newton
5 beds, 3.5 baths
Living Area: 3,870
Sale Price: $1,800,000
List Price: $1,799,000
Days on Market: 4
155 Hobart Rd 155 Hobart Road
Newton Center
5 beds, 5 full baths, 2 half
Living Area: 6,240
Sale Price: $2,850,000
List Price: $2,995,000
Days on Market: 313
Michelle J. Lane
MICHELLE J. LANE, Realtor
Century 21 Commonwealth
CELL: 617 584-3904

Home sales and prices jump again in Massachusetts – October 2013

From Erin of the Boston Globe
By: Michelle J.Lane Realtor

This article is written for the entire Massachusetts market. My take on the greater Boston area specifically is that we saw the biggest boom in the spring and summer. It does appear to be leveling off now as the median price of condos on the market in Boston is actually down from $524,000 last year to $499,000 this year. Inventory is UP by 10%.

In Newton, where I live, inventory is down 10% from same time last year. Median price of homes on the market is up considerably. But that is more because there are more higher end homes on the market and none at the entry level price range. It is always important to look at what the market is doing in your part of Massachusetts so that you know how best to plan your purchase or sale. If you want to know what the market is doing in your town, contact me and I will fill you in.

The Article
The Massachusetts housing market continued to boom in October, as home sales and median prices jumped by double-digit rates from the same period last year, according to a report Tuesday by a Boston real estate tracking firm.

October Home Sales

Single-family home sales rose 18.5 percent last month, while the median price increased nearly 10 percent, to $313,050 — the highest price for October since 2007, according to Warren Group. It was the fourth consecutive month that sales increased by 10 percent or more from the previous year.

“The pace of the housing market has surpassed expectations this year,” said Warren Group CEO Timothy M. Warren Jr. “The past four months have really been booming.”

If the trend continues, Warren said, home prices by next year could return to their pre-recession peak of $355,000, reached in 2005. The median price for homes sold for the first 10 months of this year was $324,900.

A widely followed survey of metropolitan real estate markets, the S&P/Case-Shiller Home Price Indices, also found Boston area values on the rise. The index, which tracks repeat sales, showed that Boston area prices rose for the third consecutive month in September, gaining 7.5 percent from a year earlier.

Warren said the surging housing market is driven in large part by pent-up demand from Massachusetts residents who put off buying homes in the years following the housing bust and economic downturn. With the economy recovering and consumer confidence improving, buyers are now making their move.

That strong demand coincides with a tight supply of homes on the market. The result: rapidly rising prices. The inventory of single-family homes for sale this October decreased by nearly 20 percent from the same period last year, according the Massachusetts Association of Realtors.

The realtors group, which tracks a slightly smaller universe of sales than Warren Group, reported similar statistics Tuesday. Home sales rose 12.2 percent from a year earlier, and prices jumped 12.3 percent year-over-year to $320,000.

“If sellers continue to sit this market out and inventory continues to shrink, we’re going to see fewer qualified buyers able to keep up with increasing prices,” Kimberly Allard-Mocia, president of the realtors association, said in a statement. “Full recovery is close, but now it is up to the sellers to make it happen.”

Warren and Barry Bluestone, director of the Dukakis Center for Urban and Regional Policy at Northeastern University, said they expect housing inventory to increase this spring, as buyers continue to bid above asking prices for months and potential sellers realize they can recoup their investments — and more.

“We’re going to see a significant amount of single-family homes for sale, which will tend to moderate price increases,” Bluestone said. But for now, he added, “This is becoming a very good time to sell.”

Search Homes for Sale in MA

Want to talk about selling your home? Feel free to contact me.

Michelle J. Lane

Michelle J. Lane
Century 21 Commonwealth
CELL: 617 584-3904

Seller Testimonial – Newton Highlands

Well, it’s over. I want to thank you for all your efforts in the sale of 53 Wallace St. You have been an absolute God-send! I feel very privileged to have worked with you.  I’m so glad that we found you and I certainly will keep you in mind if we need your expertise again. You made all of this so easy for us; I appreciate everything you did to make it happen.  A million thanks! 

Betty Verhulst       

Seller Testimonial – Newton Center

Just want to thank you for everything.  Your professionalism and your approach was unreal You sold the house so fast!  Well I am glad it is over.  I wish I was in Massachusetts so I could have walked through the house one last time.  But it was nice to know I did not need to be there. Again, thank you for taking care of everything.

Barry Lushan, FL

Seller Testimonial – Newton Auburndale


Thank you so much for managing the sale of our mom’s home and her move to Plymouth.  With each of us children being in a different state, I don’t see how we could have managed it without you and your team.  Being able to turn over the keys and have you manage everything from allocating her things to move, sell or charity, the move of her belongings, managing the contractors, getting a quick sale and closing the deal was a huge burden off us.  More important, our mom loves you and was delighted by the whole process! You are a true professional who clearly cares about her clients.  We will gladly recommend you to our friends and particularly to others who need to move their elderly parent(s).

 Jim – Ashland, MA

Seller Testimonial – Newton Highlands

Michelle, thank you for all the help through the sale of my mom’s home at 20 Oak Terrace.  I know it was not easy with each sibling having their own attorney and opinions on how to handle the sale.  But you sold it fast and were a joy to work with.  You were always there with answers to all our questions.  You made a difficult process easier for everyone. 

Beth Doherty

Seller Testimonial – Newton Highlands

Michelle is a truly outstanding realtor and person. She loves houses, their character, history and understanding the communities they are in. She also loves helping people and will work tirelessly for her clients whether it be through the process of learning about an area, house hunting and ultimately finding the perfect home or preparing and selling a home in a tough market. She is very genuine, honest and simply great to work with. She helped us sell our million dollar plus home in Newton earlier this year. I highly recommend her. 

Jeannie – NYC