“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

The Lowenstern Team

Spactacular Cohasset Mansion--$3,700,00

Located on Historic Cohasset Common with views of Little Harbor this house is a temptingand luxurious opportunity. This 23-room, 7,400 sq foot New England Victorian features 7 bedrooms, 5 full bathrooms, 2 half baths, and 7 fireplaces. The house was built in 1832 and moved to the current location in 1860. It has had several renovations and has been meticulously maintained. Situated on 2+ acres of complete privacy w/ professionally maintained gardens, sweeping lawns, a charming "Summer Cabin" and oversized in-ground pool.

Listing agent: Janice Crowley, Coastal Countryside Properties

For more luxury real estate properties like this visit www.castlesmag.com

50 Redwood Road, Newton, MA- New listing! $729,000

An amazing house in an amazing neighborhood. 9 room/ 3 bedroom/ 2 bath Multi-level Contemporary. Huge kitchen, central air, oak floors, 3 family room/ dens, 2 fireplaces, replacement windows, level yard. House next door and across the street valued over $2 Million!

Call James D. Lowenstern, GRI, LI, IRES at 617-733-8280 for an appointment.

It's Your Move. Why Wait. Market Update Seminar

You've probably been hearing that this is a great time to buy a home. And it is--even if you also have a home to sell. In addition to answering all your questions, our financial and real estate experts will explore the following:

*Details of the new Federal Tax Credit**

* The opportunity presented by historically low interest rates

* The advantage of putting your house on the market soon

*Reasons to trade up now

* Mortgage guidleines becoming stricter

* Saving your home--Loan Modifications

Seminar: Saturday, February 20th at 11 AM

Weichert, Realtors-Castles Unlimited

837 Beacon Street, Newton Centre, Massachusetts

617-733-8280/ 617-964-3300

FREE ADMITTANCE

Spring Real Estate Market Will Be Strong!

Based on the latest numbers being reported the U.S. economy grew at 5.7% in the fourth quarter of 2009, the fastest rate in the last six years as businesses stepped up spending. The year in total contracted at a 2.4% rate, the largest decline since 1946. So not all good news.

In addition consumer spending increased at a 2% annual rate in the fourth quarter and business investment grew at a 2.9% rate the first increase since the second quarter of 2008.

Home construction spending was at an annual rate of 5.7% in the fourth quarter ( a coincidence that it is the same figure as the GDP growth).

Lately the housing market indicators have been mostly positive. Newton and its surrounding towns and cities usually buck national trends but at this moment the trends are mostly positive across the nation with regard to the economy. With regard to which direction the prices will go will still depend partly on the tax credits, job creation and other factors such as the strength/ weakness of the dollar but I forcast a Spring market in newton which will see inventories being stable and prices being stable as well. In other words: a strong Spring Market this year.

Newton, Massachusetts Bucks The National Trend

I just took a look at the MLS statistics for 2007 compared to 2006 for single family, condos and multi-family homes sold in Newton, Massachusetts. Here they are:

2007 2006

Total Sold 964 915

Avg. Days on Market 108 110

Avg. Sale Price $804,681 $784,769

Median Price $681,875 $647,500

As you can see from 2006 to 2007, the total number of single family, condos and multi-family homes sold in Newton, MA increased, the average days on market slightly decreased and both the average sales price and median prices increased. Thus Newton seems to be bucking the national trend.

This only goes to show that all real estate is local. There are many hot spots nationally that are bucking the national trend in real estate. Newton, MA seems to be one of them.

GO SEE MY WEB SITE - www.georgekoppel.com