MA

Low Housing Inventory Means a Great Time to Sell in Winchester!

It's a great time to sell! Better Homes and Gardens The Shanahan Group's Nic Gatto explains why.

 

Low Inventory = Great Time to get Top Dollar for your House

The Winchester real estate market had a very good year in 2014 with average home values rising 6.3% from their 2013 levels, according to Zillow.com. Interest rates remain at record lows, with the average rate for a 30-year fixed rate mortgage currently at 3.86%. Qualified buyers are currently waiting on the sidelines to swoop in and purchase, even over-pay for homes. Winchester’s top rated school system, along with its close proximity and easy commuter rail access to Boston, has potential buyers lining up.

Right now only twelve of twenty-eight total properties for sale in Winchester are priced under $1Million. You don’t have to be Alan Greenspan to understand the principals of supply and demand, it is a very simple concept.

When there are only a few homes for sale and many qualified buyers, prices will inevitably rise. This places homeowners in a great position to sell their homes for the most money possible. 

Historically, sellers have placed their properties on the market at the start of spring, as that is the time of year buyers begin looking for new homes. Low inventory has thrown conventional thinking out the window. The laws of supply and demand dictate that getting your home on the market now is your best bet to get top dollar. In the past six months, sixty-seven properties have sold under 1 million dollars in Winchester, over 46% of them sold over asking price - and over 67% had an accepted offer that resulted in a sale in less than 30 days! If you have been considering selling your home, don’t hesitate. Now may be the best time in years to get top dollar for your home.

According to a recent report on WCVB.com, 2015 will be the biggest year in home sales in ten years. They state many reasons - from continuing low interest rates to pent up buyer demand, and the strength of the overall economy. Another factor indicated is that home owners’ equity has increased nearly 20% in Massachusetts and New Hampshire since 2011. This provides a lot of flexibility to home owners.

The Redfin Research Center in late December 2014 stated that the percentage of buyers who feel now is a good time to purchase a home, is up 6% from only this past summer. Furthermore, those buyers surveyed identified some of the top home characteristics they are looking for. The top two being-36% chose short commutes and close proximity to amenities (such as coffee shops), and 21.2% stated a highly rated school district as most crucial to their move. Winchester offers buyers both of these characteristics, therefore illustrating why Winchester is such a hot market.

 

My family has been in the real estate business since the 1940’s in the greater Boston area. I represent the third generation of real estate experts helping people buy and sell real estate. I am well-acquainted with Winchester. I grew up in town, and currently live here with my wife and our three children.

As in most professions, teamwork is essential in providing the best service, which is why you should choose Better Homes and Gardens Real Estate The Shanahan Group. We bring the highest level of professionalism and service to our clients. We have helped people buy and sell property in Winchester with a collected value over $47 Million in 2014.

Call or email me today to get your home in the “just sold” category for 2015. 

Nic Gatto

A Realtor Running for Charity

Shanahan Real Estate Group's Rebecca Brennan-Laird, is running the Boston Marathon on April 16th to raise money for arts and education. Below is a post from Rebecca explaining why she's running and which worthy cause she is supporting. Good Luck, Rebecca!

Shanahan Real Estate Group's Rebecca Brennan-Laird

Rebecca Brennan-Laird of Shanahan Real Estate Group

Happy New Year!
One of my goals for the New Year is to run the Boston Marathon on April 16th. To this end, Ive joined the Stoneham Theatre Marathon Team. We are running 26.2 miles to raise money for a cause close to my heart - arts and education.I have been involved with Stoneham Theatre from the beginning. The Theatre, recently named thefifth largest performing arts organization in Greater Boston, is a key community resource. I love thistheatre for the simple reason that it is close to home, affordable, and provides quality entertainmentand arts education. Its a gem and I hope that you will support it by supporting me.
I have a goal of raising $5,000 bymarathon day. I would greatly appreciate your help in reaching my
goal. Donations can be made on-line. If you would prefer to drop a check offat Shanahan Real Estate
Group I will see that it gets to the right place. Feel free to pass this along to anyoneelse you think might be interested I can use all the help I can get!
So if you see me running around Winchesterwearingmy green Shanahan hat be sure to say hello! And if you find yourself in Boston on April 16th, come out and cheer me on!
Thanks,
Rebecca Brennan-Laird
PS Of course, all donations are tax deductible to the full extent of the law.
Stoneham Theatre of Stoneham MA

Rebecca Brennan-Laird of Shanahan Real Estate Group

Online Donations Go towww.stonehamtheatre.org At the top, click on Support and then Marathon Click on Donate Now button Complete the form When asked Please Use My Donation For, select: Marathon Rebecca Brennan-Laird Please Note: You must select my name from this list for me to get credit for your donation. If attending a marathon fundraising event, select the appropriate event and please list my name in the In Honor Of section. Complete the Donor Information and Credit Card Information and you are all set!
Check Donations Make payable to Stoneham Theatre. Write Rebecca Brennan-Laird, Marathon 2012 on the check.
Thanks again!