How are things in our local housing market? As you know, real estate is local, and we are generally in better shape than many other parts of the country when it comes to home values, foreclosures, and excess inventory. Yes, house prices are down, but so is inventory. Lower prices, low interest rates, and the stimulus package make buying a home attractive, and the low inventory in our area (including foreclosures) keeps prices from plummeting.
Here's a snapshot of single family listings in 3 local towns as of this past week.
| Acton: | Concord: | Westford: | |
| # Houses actively for sale on 3/11/09 | 48 | 83 | 77 |
| #Houses with Accepted Offers or UAG | 30 | 18 | 15 |
| # Houses sold in the last 3 months | 19 | 13 | 16 |
It isn't the best time to sell, but houses ARE selling, especially if they are priced right and show well!
This is by far the best explanation of "what happened" that I have seen. This video, "Crisis of Credit Visualized," is short, entertaining, and informative. Enjoy - at least as much as you can while we watch the economy tumble around. http://www.crisisofcredit.com/ (Thanks to Anita Hill, who posted this elsewhere)
I thought I would do a series of highlights of Acton, Massachusetts. I've lived here for over 20 years, and sometimes I take things for granted that are special about this place. If anyone is considering a move to this area, Acton has is a lot to offer. Here is the first in the series:
NARA Park
The Acton Recreation department had a great beach party at NARA Park last night. I shared the experience with my 4 year old granddaughter, who loved it. She did the water slides, danced to the live music, then helped me paddle a canoe around the pond. (Note to self: remind her next time not to stand up in the canoe.)
NARA (short for North Acton Recreation Area) park is a local gem. The small man-made pond has a sandy beach, snack bar, and boats (paddle and canoe) for your use. A volleyball net is set up on the beach, too. There are several playing fields and an amphitheater/pavillion.
In addition to daily swimming, fishing, picnicing, and paddle boating, they have special events all year round. During the summer there are concerts and movies; in Spetember is "Acton Day", and in winter there is a "Winterfest."
Probably the best known event is the Fourth of July fireworks display.
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Real Estate, Royal Service: Representing Sellers and Buyers in Acton, Concord, Carlisle, Boxborough, Lexington, Littleton, Westford, and surrounding towns in Massachusetts
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