The 02127 zip code market will be getting more competitive in the...

short term. Sales have fallen this week to 48 homes sold over the last 30 days, and there is also an identifiable upward trend of new listings, with 74 going live in the same time frame. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price dropped to $570,000 over the latest reporting period for the 02127 zip code, down from $605,000. In spite of the decrease in sales, a low one month of inventory signals that the 02127 zip code is a definite seller's market.

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Real Estate Update for 02127 The 02127 zip code market will be getting more competitive in the short term. Sales have fallen this week to 48 homes sold over the last 30 days, and there is also an identifiable upward trend of new listings, with 74 going live in the same time frame. All indications show that the trend may be coming to an end, meaning les... Read more » Thomas Green Success! Real Estate Ask a question » F O R S A L E J U S T S O L D Office | 781-848-9064 Thomas Green | 617-291-0941 285 Washington Street Braintree MA tgreen617@gmail.com M A R K E T S T A T S

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With home sales in the 02127 zip code market already below average,...

in this week's report they slid 14.3% to 48 homes sold over the last 30 days. Meanwhile, the 02116 zip code reported 32 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $607,500 over the latest reporting period for the 02127 zip code, down from $619,000. Despite the slip in sales, a relatively low one month of inventory indicates that the 02127 zip code is a definite seller's market.

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Real Estate Update for 02127 With home sales in the 02127 zip code market already below average, in this week's report they slid 14.3% to 48 homes sold over the last 30 days. Meanwhile, the 02116 zip code reported 32 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $607,500 over the lates... Read more » Thomas Green Success! Real Estate Ask a question » F O R S A L E J U S T S O L D Office | 781-848-9064 Thomas Green | 617-291-0941 285 Washington Street Braintree MA tgreen617@gmail.com M A R K E T S T A T S

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Real Estate Update for 02127 With home sales in the 02127 zip code market already below average, in this week's report they fell 3.5% to 55 homes sold over the last 30 days. Within the same time frame, the 02118 zip code had 28 sales, the most of all zip codes in the area. A months of inventory number of one reported this week continued a ... Read more » Thomas Green Success! Real Estate Ask a question » F O R S A L E J U S T S O L D Office | 781-848-9064 Thomas Green | 617-291-0941 285 Washington Street Braintree MA tgreen617@gmail.com M A R K E T S T A T S

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Short Sales -- What a buyer should know

I found this article on short sales on About.com its an easy read and very informative:

Short Sales happen when home values fall and sellers do not receive enough cash from a buyer to pay off their existing mortgages, providing lenders agree to take less than the amount owed to them.
On the surface, it may appear that a short-sale buyer is getting a good deal. Although a slim margin of short sales may be profitable for a buyer -- because there are always exceptions -- much of the time, a buyer would be better off buying a home that is not in default.
You are unlikely to hear real estate professionals tell you that it's not a good idea to buy a short sale. In part, that's because real estate professionals profit on a short sale. Everybody makes money except the sellers and buyers. Realize, too, that listing agents might push sellers to list as a short sale, because if the sellers went through foreclosure, the listing agents will not get the listing.
In Sacramento, where I work, for example, many agents ignore short sales like the plague.
Here are 11 Reasons Why Buyers Might Not Want to Buy a Short Sale:

Read More: http://homebuying.about.com/od/4closureshortsales/qt/021208_BuyShort.htm

Pricing your home-- 3 questions to ask yourself

What would make my home more desirable over a foreclosure or perhaps a short sale?

If my home were to be appraised, why would an it be valued more than a short sale or a foreclosure property?

What things could I do to make the exterior look more desirable than all other property's in my direct neighborhood?

In this competitive market you must present your home as "the best deal". That means getting your home in tip-top shape and priced with in the price point of other homes in your neighborhood especially if they are distressed sales. If you offer the best, a buyer is going to gravitate to your property and seal the deal.

The flip side to all of this is that if you have a similar home that is bank owned and needs 20k in work then you might want to increase your home price accordingly. This levels the playing field without loosing $$$'s against a bank owned property.

In my opinion buyers want a combination of things. What tops my list are property's that have excellent value and do not need costly improvements to fit their needs.