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What’s Up With Woburn Real Estate? Check Out These #’s

Are you a current or aspiring landlord in Massachusetts? No matter how many years you have in the rental business, fully understanding your local market is one the most important thing you can do to ensure your long-term success.  Receiving regular market updates will help you determine when’s it time to buy and when it’s time to sell. It will also allow you to see what your apartments rent for in comparison to your neighbors. Should you be increasing rents?

Here are Woburn’s multifamily sales and rental market statistics over the last 6 months of 2016.  

Total Multi-Family Listings SOLD: 9

Average Living Area by Square Feet: 2,594.00   

Average Listing Price: $521,735   

Average DOM (Days on Market): 37.87 Days 

Average Sales Price: $515,880

Average Rent for 1 Bedroom Units: $1,238

Average Rent for 2 Bedroom Units: $1,879

Average Rent for 3 Bedroom Units: $2,274

Average Rent for 4 Bedroom Units: $2,422

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email to Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!  

Please call us directly at 617-297-8641, for custom reports or questions above the data provided.

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Are you in the market to buy, rent or sell property in South Boston? Before you make a move, understanding the local market condition can make all the difference. We’ve outlined below exactly what’s happening with Single Family, Multifamily, Condos and Rentals in the area. All these number reflect what’s taken place over the last 6 months.

Single Family Listings
Total Homes SOLD: 16
Average Living Area by Square Feet: 1,490.13
Average Listing Price: $583,650
Average DOM (Days on Market):  60.81
Average Sales Price: $578,695

Condominium Listings
Total Condos SOLD: 230
Average Living Area by Square Feet: 1,103.45
Average Listing Price: $616,942
Average DOM (Days on Market): 46.42
Average Sales Price: $614,010

Multifamily Listings
Total Multifamily Buildings SOLD: 22
Average Living Area by Square Feet: 3,068.77
Average Listing Price: $1,064,345
Average DOM (Days on Market): 34.45
Average Sales Price: $1,046,450

Rental Stats
Average Rent for 1 Bedroom Units: $1,937
Average Rent for 2 Bedroom Units: $2,666
Average Rent for 3 Bedroom Units: $3,115
Average Rent for 4 Bedroom Units: $3,527

 

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email to
Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales
Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will
be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!
Please call us directly at 617-297-8641, for custom reports or questions above the data provided.

 

 

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Are you in the market to buy, rent or sell property in Hyde Park? Before you make a move, understanding the local market can make all the difference. We’ve outlined below exactly what’s happened in the multi-family in Hyde Park over the last 6 months. Take a look at the numbers and see where you fit in.

 Multifamily Family Post

Total Homes SOLD: 26

Average Living Area by Square Feet:   2,590.04

Average Listing Price:    $467,208

Average DOM (Days on Market): 80.15                                 

Average Sales Price:  $460,923   

 

Would you like to get your own FREE Sales and Rental Market Report catered to your specific area(s)? Just send a quick email to Contact@MandrellCo.com to receive your monthly report.  We can provide you similar data for any town or city in the commonwealth.

Please call us directly at 617-297-8641,  for custom reports or questions about the data provided.

 

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Want to know what your Cambridge home is worth?

Are you in the market to buy, rent or sell property in Cambridge?  Before you make a move, understanding the local market can make all the difference. We’ve outlined below exactly what’s happened in the multi family of Cambridge over the last 6 months. Take a look at the numbers and see where you fit in.

Condos & Multifamily Family Post

Total Homes SOLD: 56

Average Living Area by Square Feet: 3,187.96

Average Listing Price: $1,305,354

Average DOM (Days on Market): 34.25

Average Sales Price: $1,324,373

Closing –

Would you like to get your own FREE Sales and Rental Market Report catered to your specific area(s)? Just send a quick email to Contact@MandrellCo.com to receive your monthly report.  We can provide you similar data for any town or city in the commonwealth.

Please call us directly at 617-297-8641, for custom reports or questions about the data provided.

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Are you in the market to buy, rent or sell property in Quincy?  Before you make a move, understanding the local market can make all the difference. We’ve outlined below exactly what’s happened in the condos of Quincy over the last 6 months. Take a look at the numbers and see where you fit in.

Condos Post

Total Homes SOLD: 145

Average Living Area by Square Feet: 1,091.35

Average Listing Price:     $291,886                                         

Average DOM (Days on Market):   58.96

Average Sales Price: : $288,768   

Would you like to get your own FREE Sales and Rental Market Report catered to your specific area(s)? Just send a quick email to Contact@MandrellCo.com to receive your monthly report.  We can provide you similar data for any town or city in the commonwealth.

Please call us directly at 617-297-8641, for custom reports or questions about the data provided.

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Are you in the market to buy, rent or sell property in South Boston?  Before you make a move, understanding the local market can make all the difference. We’ve outlined below exactly what’s happened in the condos of South Boston over the last 6 months. Take a look at the numbers and see where you fit in.

Condos & Multifamily Family Post

Total Homes SOLD: 370

Average Living Area by Square Feet: 1,149.28

Average Listing Price: $611,837

Average DOM (Days on Market): 44.65

Average Sales Price: : $615,976 

Would you like to get your own FREE Sales and Rental Market Report catered to your specific area(s)? Just send a quick email to Contact@MandrellCo.com to receive your monthly report.  We can provide you similar data for any town or city in the commonwealth.

Please call us directly at 617-297-8641, for custom reports or questions about the data provided.

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Are you in the market to buy, rent or sell property in Dorchester? Before you make a move, understanding the local market can make all the difference. We’ve outlined below exactly what’s happened in the Condos of Dorchester over the last 6 months. Take a look at the numbers and see where you fit in.

Total Homes SOLD: 223

Average Living Area by Square Feet: 1,165

Average Listing Price: $378,863

Average DOM (Days on Market): 45

Average Sales Price: $382,174

Would you like to get your own FREE Sales and Rental Market Report catered to your specific area(s)? Just send a quick email to Contact@MandrellCo.com to receive your monthly report.  We can provide you similar data for any town or city in the commonwealth.

Please call us directly at 617-297-8641, for custom reports or questions about the data provided.

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Are you in the market to buy, rent or sell property in Milton? Before you make a move, understanding the local market can make all the difference. We’ve outlined below exactly what’s happen in Milton over the last 6 months. Take a look at the numbers and see where you fit in.

Total Homes SOLD: 10
Average Living Area by Square Feet: 2,737.10
Average Listing Price: $583,140
Average DOM (Days on Market): 50.90
Average Sales Price: $585,620

Would you like to get your own FREE Sales and Rental Market Report catered to your specific area(s)? Just send a quick email to Contact@MandrellCo.com to receive your monthly report. We can provide you similar data for any town or city in the commonwealth.
Please call us directly at 617-297-8641, for custom reports or questions about the data provided.

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What are 2-4 family homes selling for in Attleboro, MA?

 Are you in the market to buy or sell a 2-4 family building in Attleboro or a surrounding neighborhood? Do you have an empty apartment or a tenant scheduled to move out?  If you’ve answered yes to either of those questions, you should absolutely take a look at the sales and rental numbers below. These stats represent the local Attleboro real estate activity over the last 6 months. Understanding your sales and rental market is key to your long term success as a landlord and rental property investor.

Multifamily Family Sales

Total Homes SOLD: 21

Average Living Area by Square Feet: 2,822

Average Listing Price: $246,046

Average DOM (Days on Market): 61.23

Average Sales Price: $232,412

Local Rental Rates

Average Rent for 1 Bedroom Units: $746

Average Rent for 2 Bedroom Units: $1,159

Average Rent for 3 Bedroom Units: $1,420

Average Rent for 4 Bedroom Units: $2,150

Liz Newcombe - South Shore Real Estate AgentWould you like a FREE sales and rental Market Report catered to your specific area(s)? Just send a quick email to Liz@MandrellCo.com or call 413-834-8052 .  Liz can provide you similar data for any town or city in the commonwealth.
To learn more about Liz Newcombe visit http://mandrellco.com/elizabeth-newcombe/

 

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Hamilton Company Building (48) 2 Bedroom Rental Units In Brighton.

The Hamilton Co. recently broke ground on a new six-story, 49,000-square-foot apartment building in Brighton.

The property, located at 40 Malvern St., is the first step in the company’s plan to invest $100 million in Packard’s Corner, in Boston’s Allston neighborhood.

The complex is expected to be completed in September 2016, and will have 48 units, each with two bedrooms and two baths. The units will average 900 square feet and the top-floor units will have views of the Charles River. Rents will start at $2,600 a month.

Amenities for residents will include off-street parking, a “green” roof garden and access to both a Hamilton-owned recreational facility and the MBTA.

“This project is an excellent example of a transit-oriented development that will transform a parking lot into much-need housing,” Brian Golden, director of the Boston Redevelopment Authority, said in a statement. “I congratulate Hamilton Co. on its success, and I look forward to seeing the building come to life.”

Like The Mandrell Company on face book to stay in tune with other local developments around the city of Boston.

Dorchester Real Estate Agent

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Are you interested in buying or selling property in Allston or Brighton? Before you do, making sure you fully understanding your local market is very important. Receiving regular market updates will also allow you to see what similar properties are selling for as well as what landlords are charging for their rentals.

Here is Allston/ Brighton multifamily sales and rental market statistics for the last 6 months.

Total Multi-Family Listings SOLD: 24

Average Living Area by Square Feet: 2,904

Average Listing Price: $833,812

Average DOM (Days on Market): 44.04

Average Sales Price: $818,917

Average Rent for 1 Bedroom Units: $1,571

Average Rent for 2 Bedroom Units: $2,039

Average Rent for 3 Bedroom Units: $2,531

Average Rent for 4 Bedroom Units: $3,186

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email (or complete the contact form below) to Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!

Please call us directly at 617-297-8641, for custom reports or questions about the data provided.

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Boston Land Transactions – Take A Look At What Sold

Here are the most recent 25 land sales from Boston and the rest of Suffolk County. Sales range from $20,000 in Chelsea to $4,000,000 in South Boston.

 

SLD 63 Highland St Chelsea, MA 0.03 Residential acres (1425 sq.ft.)  $20,000
SLD 170 Tremont St Boston, MA 0 Parking acres (0 sq.ft.) $34,900
SLD 10 Everton St Boston, MA : Dorchester 0.08 Residential acres (3301 sq.ft.)  $25,000
SLD 11 havelock st Boston, MA : Dorchester 0.09 Residential acres (4000 sq.ft.)  $45,000
SLD 21 Father Francis Gilday Boston, MA : South End 0.02 Parking acres (999 sq.ft.)  $59,000
SLD 151 Tremont UL308 Boston, MA : Midtown 0 Parking acres (0 sq.ft.)  $64,000
SLD 2 Rollins St. L2- 179/180 Boston, MA : South End 0 Parking acres (0 sq.ft.)  $66,000
SLD 2 Rollins St. L2- 246/247 Boston, MA : South End 0 Parking acres (0 sq.ft.) $66,500
SLD 15 Balina Pl Boston, MA : Dorchester 0.11 Residential acres (4907 sq.ft.)  $90,000
SLD 1313 Washington Street U:L115 Boston, MA : South End 0.01 Parking acres (500 sq.ft.)  $120,000
SLD 29 Lawrence Ave Boston, MA : Dorchester 0.15 Residential acres (6431 sq.ft.)  $115,000
SLD 18 Albion St Boston, MA : Roxbury 0.11 Residential acres (5000 sq.ft.)  $83,000
SLD 42 Olney St Boston, MA : Dorchester 0.27 Residential acres (11756 sq.ft.)  $135,000
SLD 336 Beacon Boston, MA : Back Bay 0 Parking acres (0 sq.ft.) [ $170,000
SLD 0 Geneva St Boston, MA : East Boston 0.06 Residential acres (2800 sq.ft.)  $170,000
SLD 312 Sumner St Boston, MA : East Boston 0.05 Residential acres (2250 sq.ft.)  $291,000
SLD 148 Warren Avenue U:PKG Boston, MA : South End 229.57 Parking acres (9999999 sq.ft.)  $225,000
SLD 120 Bolton Street Boston, MA : South Boston 0.02 Residential acres (892 sq.ft.)  $249,000
SLD 0 Goldie Lot 4 Revere, MA 0.22 Residential acres (9554 sq.ft.)  $245,000
SLD 19-25 Ufford Street Boston, MA : Dorchester 0.3 Residential acres (13227 sq.ft.)  $220,000
SLD 21 Custer St. Boston, MA : Jamaica Plain 0.16 Residential acres (6935 sq.ft.)  $585,000
SLD 101 Summer Street Boston, MA 2.14 Residential acres (93218 sq.ft.)  $585,000
SLD 165-167 Bowen + 217 D + 80,84 Baxter Boston, MA : South Boston 0.13 Residential acres (5869 sq.ft.)  $1,631,500
SLD 1266 Soldiers Field Rd Boston, MA : Brighton 0.72 Residential acres (31363 sq.ft.)  $4,450,000
SLD 170 W.Broadway Boston, MA : South Boston 0.4 Commercial acres (17399 sq.ft.)  $4,000,000

Are you interested in land opportunities in Suffolk County or other areas in Massachusetts? Would you like to receive available listings? Send us a quick message with your name, email and the neighborhoods where you have interest. We can email you a list within 24 hours or your request.

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Are you a current or aspiring landlord in Dorchester?  No matter your years in the rental business, fully understanding your local market is one the most important things you can do to ensure your long-term success. Receiving regular market updates will help you determine when’s it time to buy and when it’s time to sell.  It will also allow you to see what your units rent for in comparison to your neighbors. Should you be increasing your rents?

Here are Dorchester’s multifamily sales and rental market statistics for the last 6 months.

Total Multi-Family Listings SOLD: 123

Average Living Area by Square Feet: 3,517

Average Listing Price: $532,918

Average DOM (Days on Market): 58.85

Average Sales Price: $527,420

Average Rent for 1 Bedroom Units: $1,451

Average Rent for 2 Bedroom Units: $1,691

Average Rent for 3 Bedroom Units: $1,823

Average Rent for 4 Bedroom Units: $2,170

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email (or complete the contact form below) to Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!

Please call us directly at 617-297-8641, for custom reports or questions above the data provided.

 

 

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Are you a new investor trying to learn his/her local real estate market? Are you a seasoned investor that trying to explore a new investment area? In either case, below are some great way to quickly become a local real estate guru!

Subscribe to your local newspaper – The local paper isn’t real estate focused but it will give you a very good idea of what’s happening in your new market. You really want to be up to date on what new businesses are coming to town, how the local economy is doing, what political changes are happening and anything else that will indirectly affect the real estate values in that neighborhood.

Find a local real estate Investment Association – Put yourself in the middle of local real estate conversations. Your local REIA allows you to connect with people of similar interest. You can learn from them as well as share your experiences. Many times you can find deals from local wholesalers as well as private money investors, and potential partners. Boston Wealth Builders is a local Boston Investment Group and membership is completely FREE. Join Today!

Get Sold comps from your agent – One of the best ways to gather information about your local market is to study what’s selling in that market. What are buyers paying for properties similar to the type you’re considering? How quickly are they selling? Is it a buyers or sellers market? The easiest way to gather this information is to ask your local real estate agent to send you “Sold Comps”.  All you need to provide is your email address and a list if the areas you’re interested in. These sold listings can be sent to you on a weekly basis. If you would like to receive “sold comps” from The Mandrell Co, simply send us an email (Contact@MandrellCo.com) with the towns you’ve selected and we can set that up for you within 24 hours!

Get Rental Comps from your agent – If you’re investing in rental property it’s also important to understand your local rental market as well.  Your real estate agent can also provide you with these “rental comps” just as easily.

Get Google Alerts for your keywords – This is a really cool feature offered by Google.com. It allows you to systematically search the web for information regarding certain keywords you’ve selected. How doe this help you become a local real estate expert you ask? Let me give you an example. If I wanted to become an expert within the Malden real estate market I would set up “Alerts” in google for key terms such as “Malden Real Estate, Malden Homes, and Malden Developements”. Google would then automatically search the web for me daily and email me any news articles relevant  to those search terms. I would be getting all Malden news sent right to my inbox versus having to periodically search for it. To set up google alerts visit https://www.google.com/alerts

Subscribe to a local real estate blog – To sign up for blog post like these by placing your email address in the box at the top right hand corner above! All post are sent directly to your email address.

Neighborhood associations – Join your local Chamber of Commerce. Your local chamber is full of people that make a difference in the community. If you want to know what’s happening in a particular neighborhood, these are the people to speak with.

 

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Are you a current or aspiring landlord in Massachusetts? No matter the years you have in the rental business, fully understanding your local market is one the most important things you can do to ensure your long-term success.  Receiving regular market updates will help you determine when’s it time to buy and when it’s time to sell. It will also allow you to see what your units rent for in comparison to your neighbors. Should you be increasing your rents?

Here are Quincy’s multifamily sales and rental market statistics for the last 6 months.  

Total Multi-Family Listings SOLD: 66

Average Living Area by Square Feet:  2,543.61  

Average Listing Price: $526,589

Average DOM (Days on Market): 53.89

Average Sales Price: $516,286

Average Rent for 1 Bedroom Units: $1,358

Average Rent for 2 Bedroom Units: $1,737

Average Rent for 3 Bedroom Units: $2,330

Average Rent for 4 Bedroom Units: $2,265

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email (or complete the contact form below) to Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!  

Please call us directly at 617-297-8641, for custom reports or questions above the data provided.

 

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Are you a current or aspiring landlord in Massachusetts? No matter how many years you have in the rental business, fully understanding your local market is one the most important thing you can do to ensure your long-term success. Receiving regular market updates will help you determine when’s it time to buy and when it’s time to sell. It will also allow you to see what your apartments rent for in comparison to your neighbors. Should you be increasing rents?
Here’s a preview of Roslindale’s multifamily sales and rental market statistics for the month of September.

Total Multi-Family Listings SOLD: 31
Average Living Area by Square Feet: 2,874.00
Average Listing Price: $532,735
Average DOM (Days on Market): 53.87 Days
Average Sales Price: $520,680
Average Rent for 1 Bedroom Units: $1,367
Average Rent for 2 Bedroom Units: $1,664
Average Rent for 3 Bedroom Units: $2,161
Average Rent for 4 Bedroom Units: $2,400

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email to Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales Statistics” and in the body, add the up to 3 areas for which you’d like to receive data . Your name and email will be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!

Please call us directly at 617-297-8641, for custom reports or questions above the data provided.
Report data provided by MLS Property Information Network, Inc.

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Understanding local rental rates in your Boston neighborhood is extremely important to your success as a landlord and real estate investor. There are three basic stages to any investor’s career, which are the buying, holding and selling stages. In each phase your knowledge about the current rental market will determine if you come out on top or not.

To give you an example, let’s assume we’re considering at a rental condo in Boston’s Beacon Hill.  When you’re evaluating whether or not the property is a good deal, an obvious factor is the potential rental income the property can generate. You must understand the Beacon Hill market, the tenant base and the length of time or DOM (days of market) of your average rental. It’s also a good idea to understand what your tenant base is looking for in a rental. Is the area dominated by families, single professionals, students or is it and older community? This knowledge will help you determine the types of finishes and improvements you’ll need if any.

There are many investors who’ve had tremendous success in the rental business and have been able to hold onto properties for a number of years. When these landlords eventually go to sell, they’re in a less than perfect position despite their past success. The reason for this is that they’ve failed to keep up with current rental rates in their markets. Often, landlords with long-term tenants will keep rents low despite the steady increase in values throughout the neighborhood. These landlords do this in fear of disturbing “a good thing”. They have a great tenant who’s been paying rent consistently and they fear of increasing rents would possibly disrupt that consistent flow of income. While this is a valid concern, what most investors don’t realize in that they are devaluing the property. The easiest way to put this into perspective is to pretend you’re a potential buyer and you’re considering two identical rental condos. The condos are identical in every way and they are both coming with the existing tenant base. If condo A has rental income of $1700, while condo B has rent income of $3200 (current market rate), most potential buyers are going to value condo B higher despite the fact that it’s identical to unit A. If we assume our Beacon Hill Investor owned unit A, s he would have to take a lower sales prices than her competitor selling unit B, not to mention all the additional rental income she didn’t collect over the years.

The best way to combat this potential scenario is to consistently monitor your local rental rates. Have your real estate agent send you regular reports like the one attached below. The report will tell you what apartments have rented, how long they’ve been on the market, and the average price  those rentals have rented for.

The example report is for a landlord in the Beacon Hill area. She has a 2 bedroom unit with 850 square feet. The report shows activity in the area for the last 3 months.

Beacon Hill 2 Bedroom Market Report

Would you like a FREE rental and sales market report for your area? Simply email Contact@MandrellCo.com with your criteria and we can have it out to you within 24 hours! You can also call us at 617-297-8641.

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Dorchester Income Property Sales & Rental Market Update

Below is a quick rental market update for the Dorchester area. Apartment rental numbers are provided for the last 30 days while, multifamily sales are shown over the last 6 months. You can download a full report for both below!

Rental Market Statistics over the Last 30 Days:

Total Rental Listings Closed: 23

Average Rental Asking Price: $1,751

Average Number of Days to rental the apartment (DOM): 31.91

Average Price Landlord Received When Rented: $1,758

 Dorchester Rental Market Update – Download Full Report! 

 

Sold Multifamily Homes Over The Past 6 Months:

Total Number of Sold Listings: 106

Average Living Area (Square Feet):  3,511.95

Average Listing Price: $413,123  

Average (DOM) Days on Market: 58.50

Average Sales Price: $407,990

 Sold Dorchester Multifamily Homes – Download Full Report!

 

Want to know what your apartments are worth?  Want to know what your property is worth? Want statistics for a different area? Call us at 617-297-8641 or email your request to Contact@MandrellCo.com

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