Maynard MA 01754
Local Market Conditions - January 2012

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The 2011 median price was -9.93% less than the peak in 2007 and +7% higher than the low in 2009. The number of homes sold increased since the peak and has remained steady since 2009.

Days on market is an important factor to consider when pricing your home to sell. Buyers will not make offers on homes that are not priced correctly. The longer a house is on the market, the less it will sell for.

Single Family Homes: Current list prices for single family homes in Maynard range from $85,000 to $524,900; the median price is $259,900 - down from $318,250 last year; the average price is $269,997 - down from $330,340 last year at this time. There are 43 homes on the market; up from 30 last year. More inventory and lower prices combined with amazingly low interest rates make this a great time for buyers who would like to live in Maynard.

There are 3 single family properties with sales pending.

December Closed sales: December ended the year on a positive note. There were 10 sold, up from 8 in December 2010. The median price was $313,500; up from last year’s median of $287,000. The average was $308,300, slightly lower than last year. And on average, it took less time to sell – 116 days compared with 140.

Condominiums and Townhouses: Looking for easy living? There are a total of 10 condominiums including townhouses for sale in Maynard. Of the ten, four have accepted offers waiting for contingencies to clear. Last year at this time there were 18 for sale.

There were 25 condos/townhouses sold in 2011. The median price was $234,500; the average was $211,208. There were on 2 closed sales in December; a townhouse at Deer Hedge Run that sold for $201,000; and a half-duplex one on Butler Avenue that sold for $179,900.

About Maynard
Maynard Massachusetts is located in restaurants County approximately 22 miles west of Boston. Maynard offers a variety of housing styles and is a more affordable option compared with the neighboring towns of Concord, restaurants, Stow, and Acton. Residents enjoy the active downtown which includes a variety of restaurants, specialty shops, music and arts. Maynard also has many opportunities for outdoor activities including hiking, golf, canoing; and a new high school is under construction.

"There are no exceptions to the rule that everybody likes to be an exception to the rule." Charles Osgood

Prices for condominiums and townhouses have dropped significantly over the past couple of years and buyers are starting to find the Wayland, Sudbury, Maynard, and the towns west of Boston very attractive. Condominium living is exactly the right lifestyle for a lot of people. If you are a first time home buyer, you can generally get more living space for the same price as a single-family home, developments tend to be newer, and some offer amenities such as swimming pools, tennis courts, fitness centers. If you're just too busy or not interested in working around the house, owning a condo may be for you; the exterior maintenance is taken care of by the homeowner association so you don't have to be concerned about painting, landscaping, snow plowing, roof replacement, etc. - the benefits of home ownership without the work!

A lot of empty nesters also like the idea of simplifying and having someone else take care of things, especially after this past winter! Wouldn't it be nice to just lock the door and go somewhere warm next winter without having to worry about anything? Sounds perfect if you're someone who wants easy living; doesn't mind having close neighbors; is ok with letting other people make decisions for you or is willing to volunteer to be on the Homeowners Association Board, and won't mind trading some personal freedoms in return for convenience.

Buyers know that condominiums/homeowner associations have rules that govern the community and offers to purchase a condominium should include a contingency that says the offer is subject to satisfactory review/acceptance of all documents... Most HOA (Home Owner association) rules are pretty standard, and your attorney can tell you which ones you can expect to find in most places, however, communities can and do amend the rules over the years so rules can vary. Parking and pets seem to be the biggest issues but there may also be rules holiday decorations, gardening, decks, facility usage; bicycle and baby carriage storage, any selling restrictions - these days many developments will not allow investors ... Some associations dictate what vendors you can use to replace the windows - yes, units owners are often responsible for windows, doors; know what you will be responsible for.

The lender will review the budget and send a questionnaire asking about the overall well being of the development - i.e. number of owner occupied units, if there are any pending lawsuits, special assessments; but as the buyer, it is really important for YOU to read the rules. Only you can know if you'll be comfortable living by the rules that govern the condo development you'll be sharing; and the best time to do that is before you make an offer. Once you accept the condominium rules (or not) you can move forward and enjoy the lifestyle that's right for you!

About the author: Marilyn Messenger, CRS has sold dozens of condominiums and townhouses (new and resale units) in Sudbury, Wayland, Maynard, and the towns west of Boston since 1993. As condominium/townhouse owner and former Board of Trustees Member at Deer Hedge Run, she knows how first-hand about buying and selling condominiums and about condo living. Ask Marilyn at 508-596-3501 or marilynmessenger@realtor.com.

Home inspectors working in Maynard MA are required to perform a home inspection to the Massachusetts Home Inspector Standards of Practice. A copy of the standard will be provided to the client by the home inspector.

The MA Home Inspector Standards of Practice is written for the professional home inspector. United Inspection Service has created some easy to read Consumer Information Sheets illustrating what is included and excluded in a Standard MA home inspection. Clear client communications (3c) are one of our core values. See the easy to read one page consumer information sheets for each of the systems in a MA Home Inspection.

Visit the Maynard MA Home Inspection web page from United Inspection Service for some useful information about homes in Maynard MA and Massachusetts Home Inspections.

• Massachusetts Home Inspector Standards of Practice
• Home Inspection Photographs
• Recommended Questions to Ask the Seller/Seller's Representative
• Flood Zones
• Lead Paint
• Hazardous Waste Release
• Check the Maynard MA Home Inspector web page for consumer information links ...

Happy New Year and welcome to the first Maynard MA Real Estate Market Conditions report 2011.

Prices for single family homes in Maynard range from $175,000 to $639,900. The median list price is $311,500; the average is $329,352. There are currently 28 single-family homes on the market in Maynard, only 2 more than there were one year ago. The average time on the market is 187 days, up 38% from last year at this time. If you are thinking about selling, this is the time to get your house on the market; price it correctly while there isn't much competition and the property will sell. Buyers are waiting for new listings to come on the market.

Of the 28 active listings, 3 already have accepted offers and are being shown until contingencies are cleared. There are 9 single family homes with sales pending up from zero one month age. Buyers came out strong over the Thanksgiving and New Year holiday weekends.

There were 98 closed sales of single family homes in Maynard for 2010 compared with 94. The median sale price for 2010 was $297,500; the average was $306,740. The median sale price for 2009 was $280,000; the 2009 average was $284,000. December sales were down from December 2009; only 4 compared with 9.

For anyone looking for easy living, the number of condominiums/townhouses in Maynard has also increased from this time last year. There are 18 available of which 2 already have accepted offers waiting for contingencies to clear.

Prices range from $89,000 for apartment style condos to $320,000 for new townhouses. Prices at the established townhouse developments of Apple Ridge, Oak Ridge, and Deer Hedge Run start at $200,000 for a short-sale listing at Oak Ridge. Others start at $239,000 for a 3-level unit at Deer Hedge that can use updating. At the peak these townhouses were selling up to the $320s so they are an excellent value in the $200s. Year end data show that there were 24 closed condo/townhouse sales in Maynard during 2010; the median sale price was $239,000, the average was $244,744. In 2009 there were 31 sales with slightly lower median and average sale prices.

Maynard offers more affordable housing options for buyers than the surrounding towns of Sudbury, Acton, Concord, and Stow, and the town has lots of activities and amenities including an active downtown with a variety of specialty shops and restaurants, a movie theatre, live arts, music, and theatre. Outdoor activities include hiking, fishing, tennis, canoeing, and golf. There are lots parks, and an outdoor walking tract.

Low mortgage interest rates make this a great time for anyone who would enjoy living in Maynard.
Find your dream home here.

Data source: MLSPIN (Multiple Listing Service Property Information Network.

Welcome to the Maynard MA Real Estate Market Conditions report for December 2010.

There are currently 37 single-family homes on the market in Maynard up from 31 one year ago. The average time on the market is 152 days, up 42% from last year at this time. Some sellers have taken the increased inventory into account and have adjusted their list prices accordingly to position their properties more competitively in current market. There have been 10 price reductions on 9 properties during the past month; the average adjustment was -4.13%.

Of the 37 active listings, 6 have accepted offers and are being shown until contingencies are cleared. There are no single family homes with sales pending at this time.

Prices for single family homes in Maynard range from $175,000 to $649,900. The median list price is $299,900; the average is $321,183. Year-to-date, as of 12/20 there have been 92 closed sales in Maynard, ther were 91 for the same period in 2009. Median and average sale prices were up; the median for 2010 Y-T-D is 301,000; the average is $306,430. The 2009 median for the same period was $280,000; the average was $281,000.

As in September and October, there were fewer closed sales in Maynard during November 2010 than during November 2009 - 7 compared with 11. The median sale price was $322,900 and the average was $306,486.

For anyone looking for easy living, the number of condominiums/townhouses in Maynard has also increased from this time last year. There are 17 available of which 4 already have accepted offers waiting for contingencies to clear.

Prices range from $124,900 for apartment style condos to $320,000 for new townhouses. Prices at the established townhouse developments of Apple Ridge, Oak Ridge, and Deer Hedge Run start at $200,000 for a short-sale listing at Oak Ridge. Others start at $224,000 for a 3-level unit at Deer Hedge that can use updating. At the peak these townhouses were selling up to the $320s so they are an excellent value in the $200s.

Maynard offers more affordable housing options for buyers than the surrounding towns of Sudbury, Acton, Concord, and Stow, and the town has lots of activities and amenities including an active downtown with a variety of specialty shops and restaurants, a movie theatre, live arts, music, and theatre. Outdoor activities include hiking, fishing, tennis, canoeing, and golf. There are lots parks, and an outdoor walking track.

Increased inventory and the lowest mortgage interest rates in decades make this a great time for anyone who would like to enjoy home ownership and all that Maynard has to offer.

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Data source: MLSPIN (Multiple Listing Service Property Information Network.