News and local information about Framingham, MA (USA)
FRAMINGHAM, MA – According to a Federal Housing Finance Agency House Price Index (FHFA HPI®) report U.S. house prices rose 4.3 percent in the year between the first quarter of 2022 and 2023 Q1.
While U.S. home prices are still rising, the increase from 2022 Q1 to 2023 Q1 were nowhere near the jump seen in the previous year (2021 Q1 to 2022 Q1) which at 18.8% was the highest gain in the previous ten years.
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FRAMINGHAM, MA — The cost of everything from home heating fuel, to gasoline, food and other commodity items have been on the rise. Several economic indicators have hit records in the past year or two — and for those who have been on the fence in regards to buying a home in the past year, the bad news in that the 30-Year Fixed Rate mortgage increased more than 46% in the past year.
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FRAMINGHAM, MA – Kathleen Helliwell, manager of Hammond Residential Real Estate’s Framingham office, recently announced that the office has relocated to a new space located directly on Route 9 in The Meadows Office Building at 161 Worcester Road in Framingham.
FRAMINGHAM, MA– There were a total of 49 residential real estate sales in Framingham during the month of November 2011.
Of those 49 properties, thirty one single family homes were sold at an average sale price of just over $312.5k, (average home size was approx. 1750 sqft.).
Single family home which sold during November had been on the market for an average of just over 15 weeks.
The highest price paid for a single family home in Framingham during the month of November was 28 Overlook Drive East for (more…)
FRAMINGHAM, MA– There were a total of 39 residential real estate sales in Framingham during the month of October 2011.
Of those 39 properties, thirty one single family homes were sold at an average sale price of just over $296k, four condominiums sold at an average price of $111.5k, and four multi-family properties sold at an average of $252k.
Single family home which sold during October had been on the market for an average of just over 15 weeks, while condos had taken an average of just 6 weeks to sell.
Multi-family residential properties that sold during October 2011 were on the market for an average of 85 days and sold for $252k, just shy of their average $256k asking prices. A 2-family, 10-room / 6-bedroom at 395 Concord Street sold for (more…)
FRAMINGHAM, MA– There were a total of 39 residential real estate sales in Framingham during the month of September 2011.
Of the properties sold, thirty one single family homes were sold at an average selling price of just over $341k, three condominiums sold at an average price of $121.6k, and five multi-family properties sold at an average of $180k.
On average single family homes and condominiums sold during September had been on the market for approximately three and a half months. One single family property had been on the market for over a year, (492 Elm Street, a 7-room, 3-bedroom, 1.5-bath split entry that had an asking price of $315k and sold for $296k after 381 days). Another single-family sold in less than a week, (an 8-room, 4-bedroom, 3-bath Cape at 978 Waverly Street which had an asking price of $249.9k and sold for $245k in just 5 days).
The five multi-family homes sold in September had been on the market for (more…)
FRAMINGHAM, MA– There were a total of 52 residential real estate sales in Framingham during the month of August 2011.
Of the properties sold, forty three single family homes were sold at an average sale price of just over $370k, ten condominiums sold at an average price of $113.6k, and two multi-family properties sold at an average of $223k.
On average, single family home which sold during August had been on the market for just over 10 weeks, while condos had taken nearly 4 months to sell. Of the two multi-family homes, one had been on the market for well over a year, and the other sold within (more…)
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…)
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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FRAMINGHAM, MA — Find out what’s happening with the real estate market today by being at guest at “PASTA with the Real Estate PROS”, Thursday February 12, 2009, 6 PM – 8 PM a the Columbus Club Fountain Street Framingham, MA.
Questions and Answers with Local Experts – Special Drawing at the end of the evening for a 2007 SUPER BOWL Autographed Football!
The following will be covered:
• What is going on in the real estate market today?
• Can I really own a home? Are there special mortgage programs available for me?
• How will banks help homeowners behind on their mortgage?
• How can I sell a home if it is worth less than what I owe?
• Can I buy real estate with my IRA, 401K, etc.?
• Are foreclosures and short sales really a good deal?
• Can I make money investing in 2 and 3 family homes now?
• Can I buy and sell income property without paying taxes on profit?
• What is a 1031 Exchange?
• Do I qualify for the $7,500.00 tax credit?
• Is this a good time to buy up to a larger home?
• Why should I use a real estate attorney?
• Do I have a homestead and should I have one?
• How can I obtain a real estate license and make some extra money?
There will be a Realtor, Accountant, Attorney, and a Mortgage Professional to answer my specific questions. 2009 may present some good opportunities. Come get the information. RSVP before February 5, 2009 to Mark Galante at mark@metrowestexit.com or call 508-371-4500.
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