Driving down Lincoln Street in Lexington I saw these blast mats (made out of recycled tires) being used to protect the surrounding houses as they blast the foundations for a new home. It got me thinking – developers used to avoid this part of Lincoln Street as the houses were built on ledge and so construction costs would be higher. So, what’s changed in the market to make building in these areas viable?
Firstly its prices – we’ve seen a steady rise in the average/median price for a new construction homes in Lexington since the low in the market in 2010:
Next its the popularity of the town – with record low inventory and high demand (great commute, best in class schools and vibrant town) the number of new construction homes has been rising as more and more developers build in Lexington.
This raises lots of questions on land prices, should I sell directly to developers?, are we seeing a similar trend in other towns – but I’ll leave these questions to subsequent blog posts.
A wealth of information for over 40 other towns (and a lot more information on new construction) 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.
The MA Properties Online Team is pleased to announce that for the 4th straight month they have been in the top 25 teams in RE/MAX New England. In April we were 5th overall! We’d like to thank all of our our past and future clients for their support in this extremely busy 2014 Spring Market, without your support this would not have happened!
If you would like an estimate of what your home would sell for in today’s market I would be more than happy to come by, have a look at your home, and then provide a CMA (comparative market analysis) which will provide you with an estimate of what your home should sell for, along with a marketing plan to get maximum exposure for your home.
The MA Properties Online tagline is “A Data Driven approach to real estate” and so for information on over 40 towns (and a lot more information on buying/selling) look at 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 on (617) 997 9145, or email at Dani.Fleming@MAPropertiesOnline.com.
Woohoo…. just got an email letting me know that i was awarded Chairman’s club this year for RE/MAX. Thanks go out to all of my past clients and friends… if not for you, this wouldn’t have happened! Not sure if the photo will upload correctly, but you get the picture ( excuse the pun! 🙂 ) Onward for another great year hopefully where we get to meet with, and work with, some pretty amazing clients and colleagues. Very grateful for everyone’s support!