Oktoberfest Hot Air Balloon Rides A Huge Success

It is always a thrill to watch Big Max rise above the Cambridge Common.  The weather was less than perfect, however the crew continued the rides despite the sprinkles and threat of heavier rain.

The thing I enjoy most is watching the children gaze in amazement at this seven story balloon as it floats up and down with the flames of the gas jets blasting away.

We raised nearly $500 dollars for Our Place Homeless Children’s Center and The Cambridge Housing Assistance Fund bring our total for the year from rides to around $800.

 

Liz Bolton Joins RE/MAX Destiny

Welcome Liz Bolton!

We are very happy to announce that Elisabeth Bolton has joined RE/MAX Destiny. Liz was first licensed in 2000 and quickly became a highly valued member of the Cambridge Real Estate Community. She has a B.A. from Wellesley College and received her M.S. from Simmons College.

She has obtained a number of designations and specialized certifications including Accredited Buyer Representative (ABR), Certification by the National Trust for Historic Preservation on Historic Property, Certified Residential Specialist (CRS) – a designation held by fewer than 1 in 20 real estate agents. Liz is also a Certified Negotiation Specialist, Certified E-Marketing Specialist and has obtained the Loss Mitigation Certification.

As a lifelong New Englander Liz combines local expertise and knowledge with the experience gained from several home renovations which means she has contacts and advice to share with clients contemplating improvements, renovations or additions. Liz quickly connects and establishes meaningful long lasting relationships with her clients. Her considerable success is no doubt due to her energetic and enthusiastic commitment to outstanding service.

We are  very excited to have her become a member of our team.

Cambridge Condo Trends – September 2012

Cambridge Summary: Lack of inventory continues down 30% compared to September of last year. ~ Condo listing $ volume is down by 15% from 97 million to the current $82 million in market value. ~ The median list price is up by 19% with days on market improving by 14 days to 73 days before going off market. ~ Condos that went under agreement have improved by only 3%.

Cambridge condo sales, month to date, are up 25% with year to date number of sold condos increasing to14%. Sold $ volume YTD increased by 13% from $279 million in 2011 to $316 million this year. The median sale price decreased slightly with the ratio of sale price to original price remaining very high at 99% due to multiple offer bidding and reduced time on market. ~ The average square foot price for September was $488 per square foot with the average living area increasing to 1,135 square feet.

Somerville Condo Trends – September 2012

Somerville Summary: September condo inventory remains at record lows, down 51% from a year ago.. ~ Listing $ volume was down 50% from $57 million to $28 million in value. ~ The median list price improved by a modest 4% with the active days on market dropping 23 days to under 2 months. ~ Condos going under agreement were down considerably by 94%.

Condos sold for the month were up 33% with the year to date sales up 27%. ~ Somerville condo sold $ volume YTD is up 32% from the end of September last year. ~ Sold average days on market was less than 2 months and the median price rose by 16%. The original price to sale price ratio increased to 98% of the original list price due to competitive bidding. ~ The average square foot price increased to $389 per square foot with the average condo living area at 1,144 square feet.

Home Sales Continue to be Strong in New England

The RE/MAX of New England August Monthly Housing Report shows continued stability in the market with increasing sales in New England year-over-year and month-over-month. Overall, the number of units sold is up 20.0% year-over-year. Recently, we’ve reported increases in price for almost every state in New England; but, in August the median price was flat with an overall decrease of -0.2%. However, year-over-year, the number of pending sales is up on average 33.0%, with CT experiencing 48.1% growth followed by RI with an increase of 40.1% year-over-year.

“Inventory is a serious challenge for many buyers, giving sellers the upper hand,” commented Dan Breault, EVP/Regional Director of RE/MAX of New England. “Prices dipped as the summer came to a close, but sales throughout the fall should remain active due to favorable pricing.”

http://blog.remax-newengland.com/wp-content/uploads/2012/09/REMAX-August-Housing-Report.pdf

 

Cambridge Condo Trends – August 2012

Cambridge Summary: Lack of inventory remains the top market challenge down 45% compared to August last year. ~ Condo listing $ volume reflects this difference down by 31% from 96 million to the current $66 million in market value. ~ The median list price is up by 15% = $69K with days on market improving to 88 days before going off market. ~ Condos that went under agreement have improved by 26% keeping the same pace as  July. Cambridge condo sales, month to date, are up 19% with year to date number of sold condos up by 12%.

 

 

 

 

 

 

 

Sold $ volume YTD increased by 10% from $249 million in 2011 to $275 million this year. The median sale price improved by $32,500 with the ratio of sale price to original price remaining at 98% due to multiple offer bidding and reduced time on market. ~ The average square foot price for July was $478 per square foot with the average living area at 993 square feet.

Somerville Condo Trends – August 2012

Somerville Summary: August condo inventory maintains at record lows, down 47% from last August.. ~ Listing $ volume was down 44% from $46 million to $25 million in value. ~ The median list price improved by a modest 4% with the active days on market dropping 19 days to just over 2 months. ~ Condos going under agreement were down by 29% or 9 units. Condos sold for the month were down 15% with the year to date sales up 27% from the end of last year.

 

 

 

 

Somerville condo sold $ volume YTD is up 27% from the end of August last year. ~ Sold average days on market was less than 2 months. The original price to sale price ratio increased to 98% of the original list price due to competitive bidding. ~ The average square foot price increased to $371 per square foot with the average condo living area at 1,077 square feet.

Welcome Michaela Hellman

We are very excited to announce that Michaela has joined  RE/MAX Destiny.

Michaela is a Boston-born lifelong resident, having grown up in Brookline and Jamaica Plain. She was a Corporate Trainer that traveled all over the U.S. prior to embarking on her career in Real Estate in 2002.

Michaela prides herself on client satisfaction. Her business is built on past and present clients, their friends and their colleague’s referrals. She is an experienced and respected professional that can effectively solve housing needs and desires. She is thrilled to have a career that combines her interests in architecture, construction, green building and most important of all, helping people improve their lifestyle through a new home.

“I’m inspired and excited to have joined such a productive, technologically advanced company. I’m looking forward to leveraging such a central location and powerful tools to better serve my Cambridge/Somerville and Boston/Brookline clients.”

Michaela has earned the Accredited Buyers Representative designation-ABR and is a Graduate of the Realtor Institute – GRI.

Two Make The Top 25 Individual Agent List For July

We are very proud to announce that two of our members made the                                                                    RE/MAX of New England Top 25 List for July.

Sandrine Deschaux
David Shorey

Sandrine Deschaux receives high honers for being #4 out of close to 3,000 RE/MAX Agents in New England.

David Shorey came in at a very respectable #13.         David was the #1 producer at RE/MAX Destiny for all of 2011.

Great Work…Her’s To Your Continued Success!