DebOnTheWeb AKA Deb Agliano - Medford, MA Real Estate

Curious about what's happening in the market for Winchester Homes? I decided to sharpen my pencil and do some number crunching today. Take a look at latest statistics:

These numbers only tell you part of the story. You also need to look at how long properties have been on the market. According to MLSPin, here are the average Days On Market for Winchester Homes:

Single family homes: 107
Condos: 112
Multi family homes: 61

Want to take a look back in time? Here's what was happening in the Winchester real estate market in March.

Last week the Senate voted to extend the first time buyer tax credit. Today the bill passed Congress. It is expected that President Obama will sign the bill in the next day or so.

The new bill will extend the $8,000 1st time buyer tax credit to include all properties under agreement by April 30th as long as they close by July 1st 2010. The income limits have been expanded as well. Single people can now make up to $125,000 while married couples can earn up to $225,000 and still take advantage of the tax credit.

This time there is also a provision for move up buyers. If you have been in your house for at least 5 years, you can sell your present primary residence, purchase a new house and receive a tax credit of $6,500.

Here’s a comparison chart showing the difference between the current 1st Time Buyer Tax Credit rules and the new regulation.

The leaves are falling from the trees, Halloween has come and gone and we've turned the clocks back. It's time to take a look at what's happening in the Malden real estate market.

Malden Real Estate Market Statistics as of November 2, 2009

The average days on market is another important statistic to look at. Malden single family homes sold in an average of 99 days on the market. Malden condos sold in an average of 100 days on the market while multi family homes in the city sold in an average of 109 days.

Let's compare this to what was happening in Malden in February 2009:

The fall market is historically busier than the winter market, so it's not surprising that the number of months of inventory are down significantly from the winter time. The average sales price of single family homes and condos has continued to slide. Multi family homes have actually had a significant increase in prices. This is primarily due to the fact that there has been a decrease in the amount of short sales and foreclosed multi family properties in the city in the last few months, so less distressed sales translate to less "red tag" sale prices.

I know have daily updated market stats as well and you can go back over the last 5 years to see the trends. Check out more Malden real estate statistics.

Bring your ghosts, goblins and ghouls to Medford on Friday October 30th from 3-4:30. Each year the Medford Chamber of Commerce along with local business in Medford Square and along Salem Street open their doors and pass out candy.

This annual event is for kids 9 and younger. Parents, feel free to dress up as well - it's all part of the fun! Stop by ERA Andrew Realty right in Medford Square for candy and to view one of the largest Department 56 Christmas Villages.

The Lawrence Estates and Brooks Estates are two popular neighborhoods for Medford. The Lawrence Estates is bordered by the woods of the Middlesex Fells Reservation and the Brooks Estates border the Mystic Lakes. There's quick access to Route 93 from the Lawrence Estates while the Brooks Estates borders both Winchester and Arlington.

Here are the homes currently for sale in the Lawrence and Brooks Estates:

If you're looking to sell or buy a house in the Lawrence or Brooks Estates, Just email, call or text me at 781-608-4692.