Two Months Into this Promising but Scary New Year…

Arlington MA is blessed in many ways. Because of its proximity to Cambridge and Boston, it’s relatively affordable and wonderful housing options, public transit, schools, green space and quality of life, the real estate activity has been impressive in the face of turbulent times.

MLS keeps perfect score, let’s look at some numbers..

In the first two months of 2008 there were 44 SOLD properties. In the same period 2009 there have been 48. (with 21 properties currently UAG).

Let’s look at Condos first. By this time last year (end of Feb 08) 25 Condos had Sold, at average price $349K.  This year there have only been 12 closed sales, but the average price is higher, at $383K.

Multi Families last year had only 2 closed sales, average price $600K. This year there have been eight, but the average price is lower, at $539K.

Single Family sales in both years were equal, at 17 closed sides, but this year the average price is higher, $584K, as opposed to last year’s $509K. This is due to three sales over $700K, which tip the average, but show where growth is actually occuring in town.

People always ask, “How’s Real Estate?” and it’s hard to answer in a single word, but given the amount of ACTIVITY we see, the answer is truly positive, given all these transactions in the midst of endless negativity produced by the media! Real Estate is MOVING, and that’s encouraging.

Now with tax advantages from the Stimulus Package, and low interest rates, this is a great time to make a truly worthwhile investment – your own home.

The Spring Market is warming up, and a lot of exciting deals are happening and will continue to happen in the coming months. Stay tuned, as this year promises to be interesting for all of us!