86 Blossom St, Arlington – Sold in the First Weekend

Last weekend we put 86 blossom Rd, Arlington on the market. The home is immaculate throughout and priced at $629,000 for 5 bedrooms, 3.5 bathrooms, and is located in a wonderful community that is walking distance to Arlington center and Pierce Elementary School; we expected lots of interest! Offers were reviewed on Monday and the property went under agreement. The price was substantially over the asking price of $629,000. It seems that the high demand for homes in Arlington that we saw in 2013 is continuing into 2014. Here’s the data for the last 12 months – the orange line is the ratio between list and sales price (a value of 100% means it sold for asking). The ratio is greater than 100% for the majority of 2013 – expect the same for 2014 as demand exceeds supply in this very popular town.

This high ratio is (of course) driving up prices as buyers compete for homes:

A wealth of information about Arlington as well as over 40 other towns (and a lot more information on buying/selling) can be found on our website www.mapropertiesonline.com (or if you’re on your smartphone – mobile.mapropertiesonline.com) and if you have any questions do not hesitate to contact us.