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  • Framingham Foreclosure Real Estate Auctions

    Framingham Foreclosure Real Estate Auctions

    (PHOTO) Home at 11 Campello Rd., Framingham, MA
    This home at 11 Campello Rd. is slated to be sold at Public Auction September 29, 2011.

    FRAMINGHAM, MA – Due to economic conditions, more owners of residential real estate than usual are facing foreclosure.

    While some properties sold at Public Auction can be purchased below market value, buyers should be aware that many times such properties have been neglected, and in some cases have been damaged or had items such as plumbing fixtures, copper heating pipes and other items removed.

    In general, property purchased at foreclosure auctions should be examined even more closely than property sold on the normal residential real estate market.

    In addition to structural or cosmetic problems, (more…)

  • Framingham Residential Real Estate Sales (July 2011)

    Framingham Residential Real Estate Sales (July 2011)

    262 Edmands Road, Framingham, MA, (August 2011)
    This home at 262 Edmands Road, topped the list of Framingham, MA residential real estate sales for July 2011, selling for $670,225

    FRAMINGHAM, MA– There were a total of 57 residential real estate sales in Framingham during the month of July 2011.

    Of the properties sold, forty three single family homes were sold at an average sale price of just under $319k, eight condominiums sold at an average price of $112k, five multi-family properties sold at an average of $231k, and one piece of land was sold for $160k.

    Sold properties had been on the market for an average of just under three months, except for the land sale — that property, a 4/10ths of an acre parcel located at 10 Fenwick Street was only on the market for four days, had an asking price of $159,900 and sold for $160,000.

    Topping out the single family residence market, a 10-room, 4-bedroom, 3.5-bath colonial at 262 Edmands Road sold for (more…)

  • April 2011 Residential Real Estate Sales

    FRAMINGHAM, MA – A total of 42 residential properties were sold in the town of Framingham, MA during the month of April, (2011).

    Thirty one single family homes, nine condos, and two multi-family homes were sold in town during the month.

    Of the single family homes sold, the average list price was $367k and the realized selling prices averaged slightly less at $355k.  The homes had an average time on the market of approximately 4-1/2 months, (132 days).

    The two multi-family homes which sold both had 14-rooms divided among 3-units, and were both located in the Waushakum Pond area and closed only days apart.  The first,  at 16 Eames Street had been on the market for nearly a year and a half, (511 days), and was listed at $449k and sold for $360k.  A similar 3-unit, 14-room multifamily at 83-85 Winthrop Street was only only the market for (44) days, listed at $399k and sold for $370k.

    Nine condominiums were sold in Framingham during the month of April. The average list price for condos was $125k, and the average selling price was slightly lower at $122k.  At the extreme ends of the condo sales, a 2-room, 1-bedroom, 1-bath unit on Beaver St sold for $37k, while a 5-room, 2-bedroom, 2-bath unit at 1500 Worcester Road sold for $205k demonstrating the wide range of properties available in the Framingham condo market.

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  • March 2011 Residential Real Estate Sales

    FRAMINGHAM, MA – A total of 43 residential properties were sold in the town of Framingham, MA during the month of March, (2011).

    Twenty eight single family homes, ten condos, four multi-family homes and half acre lot on Kendall Street rounded out the residential real estate sales in town for the month.

    The single family homes were on the market for an average of 86 days, and sold for an average of just over $300k, slightly below the average list price for the same properties which was $311k.

    Condo sales were brisk. Units which did sell had only been on the market for an average of 25 to 26 days. Still, buyers were able to purchase the condos for slightly less than asking price, (in most cases). Average condo prices were in the mid-$90k range, with units selling from $40k to just under $250k. The Town’s long standing moratoriums on large-scale apartment complex construction appears to keep demand high for the limited number of existing condominiums in Framingham.

    Four 2-family homes located in Downtown Framingham, (40-44 Alexander St., 61 Lawrence St., 231 Irving St. and 8 Wellington Ave) sold during the month of March.  The multi-family homes which were on the market for an average of five months, (157 days), sold at an average of $176k, slightly less than the average asking price of $187k.

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