This is our February 2014 Massachusetts real estate and community update. Happy Valentine’s Day!
Massachusetts Events & Happenings for Valentines Weekend February 2014
Ice Skating at Boston Frog Pond
Take your sweetheart ice skating for free from 10AM to 10PM on Valentines day at the Boston Frog Pond. Visit www.bostonfrogpond.com for more details.
Boston Hotel Valentines Day Packages
Here are 3 fun and romantic valentines weekend getaways to take advantage of this weekend:
1. The Four Seasons – This romantic package includes champagne and treats upon arrival, room service breakfast, valet parking, and love quotes with turndown service. The Four Seasons will also help with any proposal possibilities.
2. The Langham Hotel – Pamper yourself at the Langham, where you’ll enjoy a 60-minute massage for you and your loved one as part of the accommodations.
3. Fairmont Coply Hotel – Enjoy rose petal turndown service, breakfast in bed, and a bottle of chilled champagne at this romantic Boston hotel.
Dinner Cruise
Romantic dinner cruise on the Oddessy, it includes a champagne toast and a rose for each couple, live music paired with an entertaining DJ. Visit http://www.odysseycruises.com/Boston/valentines-day for more details.
February 2014 Massachusetts Real Estate Report
Inventory for single family homes is flat year over year, there are 12,633 homes for sale this year and only 73 fewer homes for sale last year. This is almost identical year over year. On the condominium side, we see a similar situation with 3,698 condos for sale this year, up only 70 homes from last year.
In January 2014 alone, only 2,527 single family homes were sold in Massachusetts, up only 7 units from last year. Condominium sales are up 5%, 1,026 have sold in January 2014.
The median sales price of single family homes in Massachusetts is $318,500, up 13.7%. Condominium median sales price is $302,000, up 17.5%. This does not mean that your condo or home has appreciated in value by this percentage, it means the buyers have purchased at a higher price bracket this year.
The days on market means the amount of time it took to go from live marketing to a solid under agreement deal in place. It does not mean live marketing to closing which may be misunderstood by other realtors or people who are reporting these numbers. For single family homes it takes 107 days for days on market, 17% quicker this year. And for condos, days on market is 90, 18.9% faster.
Numbers are looking better for the time it takes to get a home under agreement, buyers are buying in higher price brackets, units sold and inventory are flat.
We’d love to help you with your home sale or real estate questions, give me a call – Ron Carpenito (978)494-0346.
