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Scott Strang

Scott's 10 reasons to buy Real Estate this Presidents day!

02-16-09
Scott Strang

This Presidents Day:10 Reasons to buy Real Estate

1) Many homes to choose from.



2) A brand new first time buyer stimulus package $8000 Tax credit that NOW DOESN'T have to be repaid. (should be finalized on Tues Feb17th,2009)



3) Rates ranging from 4.875% - 5.5% ...........with this inventory level are you kidding me ???



4) Warren Buffet says "Be fearful when others are greedy, and be greedy when others are fearful." Everyone is fearful now !!!!



5) Unlike a car, Real Estate will appreciate, we have seen a decline since 2005 but long term Real Estate has always been a good investment.



6) Move up buyers will save, example if your condo is worth 200K and you buy a house for 400K and the market is down 10% , you have a "perceived" loss of 20K on the condo but save 40K on the house. Down market = best time to move up buy.



7) Less Realtors are left the business, therefore you have a very select group of true real estate profesisonals
that are truly dedicated to the industry and are truly in it for the long term.



8) There is nothing more benificial to the economy than a housing purchase. An average real estate transaction hires 26 people. This cycles much needed money through our economy.



9) As a buyer, you can negotiate a great deal for yourself that often times will include closing costs and terms that are very "buyer friendly".



10) You can get an FHA loan with as little as 3.5% down with a fico score of 600 or better. (just raised from 580)

Burlington MA 2007 vs 2008 Sales broken down by Elementary Schools

01-13-09
Scott Strang

Burlington 07 vs 08 Values

2007

2008

Avg Home Sale Price

$492,102

Avg Home Sale Price

$390,807

-20.58%

Median Sale Price

$434,555

Median Sale Price

$367,500

-15.43%

# of Homes Sold

171

# of Homes Sold

136

Avg Days on Market

143

Avg Days on Market

113

Fox Hill Elementary School

2007

2008

Avg Home Sale Price

$467,142

Avg Home Sale Price

$423,417

-9.36%

Median Sale Price

$451,950

Median Sale Price

$414,000

-8.40%

# of Homes Sold

30

# of Homes Sold

33

Avg Days on Market

119

Avg Days on Market

117

Memorial Elementary School

2007

2008

Avg Home Sale Price

$454,127

Avg Home Sale Price

$382,056

-15.87%

Median Sale Price

$448,750

Median Sale Price

$365,000

-18.66%

# of Homes Sold

16

# of Homes Sold

9

Avg Days on Market

129

Avg Days on Market

126

Pine Glen ElementarySchool

2007

2008

Avg Home Sale Price

$420,606

Avg Home Sale Price

$389,880

-7.31%

Median Sale Price

$405,000

Median Sale Price

$380,000

-6.17%

# of Homes Sold

25

# of Homes Sold

25

Avg Days on Market

138

Avg Days on Market

65

Francis Wyman Elementary School

2007

2008

Avg Home Sale Price

$456,497

Avg Home Sale Price

$397,971

-12.82%

Median Sale Price

$422,250

Median Sale Price

$360,000

-14.74%

# of Homes Sold

36

# of Homes Sold

17

Avg Days on Market

131

Avg Days on Market

158

Please note that these numbers are based on MLS. Not all listings in MLS are required to provide an elementary/grade school in the listing sheet.

Arlington Massachusetts Dallin School Area passes 2008 values with an A

01-12-09
Scott Strang

Arlington Dallin School Homes Sold

2007

2008

Avg Home Sale Price

$492,102

Avg Home Sale Price

$483,640

Median Sale Price

$463,250

Median Sale Price

$453,804

# of Homes Sold

52

# of Homes Sold

52

Avg Days on Market

50

Avg Days on Market

38

This is remarkable, it shows that Dallin School area has held value very well in 08 vs 07.

Info was pulled through MLS Pin.

Tyngsborough MA Home Sales Dec 2007 vs Dec 2008 ....simplified

01-11-09
Scott Strang

December 2007

December 2008

Change

Avg Home Sale Price

$317,456

Avg Home Sale Price

$352,111

-10%

Median Sale Price

$337,850

Median Sale Price

$325,000

-4%

# of Homes Sold

10

# of Homes Sold

9

Avg Days on Market

117

Avg Days on Market

213

**** Please note this information is through MLS Pin and doesn't count private non listed sales, actual sales may be slightly different through public records if there were any private sales during the above time period***

Tyngsborough MA Town Video Real Estate Tour

01-08-09
Scott Strang
My company made a great video of some key spots in Tyngsborough. For more info on virtual tours of communities vistit http://uk.youtube.com/user/remaxcp or www.virtualhomes.com