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Town of Ashland

The town of Ashland is centrally located between Boston and Worcester, with good access to major highways like Route 9 and the Mass Turnpike.

Incorporated in 1846, this town is predominately residential with a population of approx. 15,500.  In the recent decade, the town has been a great option for commuters because a regional commuter rail station was opened near downtown.

Even though the current Ashland has grown from its beginnings as a rural area, it still retains the look and feel of a typical residential New England town in the Boston area.

Traditions like the Ashland Day fair and small-town favorites like the ice cream shop Tasty Treat and breakfast joint Sunnyside Cafe help maintain the feeling of a close-knit community.  It also has the Boston Marathon pass thru each April, which is a fun family event to watch.

The new High School was built in 2005, and there are 3 elementary schools.  The schools enjoy a strong showing in the results of the 2600+ students.  They graduate 95.3% of students (80.9% MA avg) and 68% go on to 4 year colleges (58% MA avg).

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Holliston Water Failing in Only 2 Ways?

Holliston Aquaduct?

In reading the Holliston TAB the other day I came across the following article:

Five of Six Holliston Wells Have Significant Problems

As a citizen in town who likes to keep up with how the town is managed, I was amazed to hear this news.

Even more disappointing was the early quote in the article from Larry Weise, Chairman of the Board of Water Commissioners.  Mr. Weise was reported to say the town has two issues threatening the town’s water supply:  Quantity and Quality.

WHAT?  That sums up water supply… Quantity and Quality!  There is nothing else.

For several years I have followed the water supplies in the Metrowest region as perhaps a “more informed Layman”.  I don’t pretend to understand the geology of aquifers, but I certainly understand that there is science behind the water supplies.  I understand that even private wells pull from a common source.  

On the flip side, homeowners generally don’t follow this stuff.  They hate water bans during 2 weeks of rain showers.  Townspeople hear high levels of X in the water supply and immediately start showering in Poland Springs.  I swear, Ashland residents still think water is contaminated from the old Nyanza paint factory.  Fact is…  water wells are upstream from the site and Hopkinton even buys some of their water from Ashland wells!

One thing that I DO know as a taxpayer, I would much rather deal with water wells than ignore them.  The Holliston Water Commissioners have obviousily ignored the problems.  5 years ago it would have been a lot easier to make the case for taxpayer money to go to well improvements.  Little tougher now!

Medway just is fighting thru the terrible situation of waiting too late for replacement/repair of a well.

Medway MA Master Water Plan 11/09

The Town of Holliston presented an all-around State of the Town recently and here is the presentation:

Holliston Plans of the Town 11/09

The latest report I could find regarding the Report on the town’s water was the Annual Report for 2008:

Water Report for 2008 -  Issued 6/09

On September 3rd  2009, the Water Department issued a notice because the DEP required it.  The town had discovered some level of surface water getting into one of the town’s wells.  The DEP regulations required that they notify the residents.  In this notice, they also stated:

We are currently completing a Master Plan of the entire Holliston Water System evaluating the best approach for cost effectively continuing to meet all federal and state regulations and provide all our residents with the highest quality water.

Upon searching for this Master Plan for the Water System, no mention of it on the town’s website or thru a google search.  I will keep hunting for it.  I am also interested as to why the last meeting minutes posted to the town site for the Board of Water Commissioners is from 8/26/09??

As a Realtor selling Holliston real estate, Buyers get access to all the press and reports on the internet, and we will have property values affected negatively if we don’t get our act together.  The town needs to feel confident about water Quality AND Quantity, and this is a non-negotiable!

Ed Daniels is a local Holliston resident and taxpayer, concerned citizen over water supplies in the region, and a Realtor hoping to sell many homes to families moving to Holliston.  To talk about everything regarding Holliston Real Estate, or other Metrowest homes, call 508-341-7880.

Categories: Ashland, Holliston, Hopkinton, Medway, Town Hall Info

Authored by Ed Daniels | Discussion: No Comments »

Metrowest Election Results for Senate

The election results are IN for Senator in Washington.  The Metrowest region had a great turnout and for that we can all be proud that democracy is working!

Below are results from each Metrowest MA town and the vote counts for either Scott Brown (R) or Martha Coakley (D):

Town    -    Winner   -   Vote count

Ashland            Brown     3467 vs 2897

Bellingham    Brown     4090 vs 2179

Framingham     Coakley     10329 vs 9149

Franklin            Brown     8828 vs 4470

Holliston          Brown     3725 vs 2921

Hopkinton       Brown     4123 vs 2600

Marlborough     Brown     6817 vs 5037

Medway            Brown     3641 vs 2044

Milford             Brown     5432 vs 3561

Millis              Brown     2430 vs 1383

Natick          Coakley     7208 vs 6954

Northborough     Brown     3816 vs 2486

Shrewsbury      Brown     7867 vs 5242

Southborough     Brown     2689 vs 1845

Upton              Brown     2125 vs 1138

Westborough     Brown     3822 vs 2996

Results for other towns not posted here can be found by

 clicking this link.

Good luck to Scott Brown as he heads to Washington to help all citizens of Massachusetts.  The people have spoken with their votes and now it is his job to take care of us!

Ed Daniels of Re/Max Executive Realty is a local Realtor and home owner in Metrowest Boston.  

He can be contacted at 508-341-7880 for help in learning about the Metrowest area and buying/selling a home.

Categories: Ashland, Bellingham, Framingham, Grafton, Holliston, Hopkinton, Local Communities, Marlborough, Medway, Milford, Natick, Southborough, Town Hall Info, Westborough

Authored by Ed Daniels | Discussion: No Comments »

Strength in the Ashland Housing Market

Ashland Massachusetts is a community that is tucked away in the shadows of the larger Town of Framingham, but some people have noticed it!

 The housing market is reflecting overall declines of 12% in median prices, but Ashland is holding up very well

The median prices in single family homes for the town is $419750, for the 12 months ending 3/1/09.  The median price for the 12 months prior to this was $423750

This is an overall decline in median price of 1%!

The inventory of available homes in Ashland is quite low.  There are only 47 single family homes on market.  This is a decline of 23% from a year ago.

The single family homes on market have been available for an average of 176 days, or almost 6 months.

The real estate industry uses a term called “consumption rate” to describe whether we are in a Buyer’s Market or a Seller’s MarketThis math is made up of how long it would take to soak up all the current homes on market assuming that we continue at the current pace of sales. 

Here is the computation:

135 homes sold or pending over the past 12 months = 11.25 homes sold per month (on average)

47 Active single family homes.

47 divided by 11.25 equals 4.18 Consumption Rate

The real estate industry considers:

 a Neutral Market as falling between a rate of 5-6.

Sellers Market is 4 or less,

and a Buyers Market is greater than 7. 

If you are a Seller in Ashland, smile, the numbers are not as bad as you have been hearing out there.  Give our team a call if we can shed more light on the local market and upgrade you into a terrific new home.

Ed Daniels is a team member of The MAhome Team of
Re/Max Executive Realty.  Based in Hopkinton, MA the team covers
the entire Metrowest Area of Massachusetts. 
Give us a call at 508-341-7880 with any questions or comments.

Categories: Ashland, Market Conditions, Real Estate

Authored by Ed Daniels | Discussion: No Comments »

If you wait for the Robins, Spring will be Over.

I couldn’t keep from creating this blog title after reading it in a Warren Buffett Op Ed piece.  It was in the New York Times Oct 17th.  Now, I understand that everyone will critize the Realtor speaking positive about the real estate marketplace, but I am excited about this Low! 

When is the “Low”?

You won’t know it until you see it in the rear view mirror.

Now don’t get me wrong, I am a real estate agent in a very down market.  I am working harder and dealing with more emotions then I have in my 10 years.  If I can manage scraping up a little cash, I will be putting it into equities and real estate NOW.

I worked an open house a few weeks ago, and at least 3/4 of the visitors were interested, but waiting for a bit longer for the market to fall further.  This was a very real display of pent-up demand.

Another contridictory real world example is a client looking for a $800K home in Holliston but not having more than a handful of options in the past 3 months.  Do I really need to direct mail a neighborhood to let them know I have a Buyer for them?  That is not the real estate market that the Boston Globe is reporting about!

In scanning over the region’s 3rd Quarter real estate stats, the median prices are reporting grim news to homeowners:

Holliston down 13.6%

Hopkinton down 8.7%

Framingham down 7.2%

Ashland down 7%

Natick down 5.4%

In regards to the number of sales, the region has 12.8% fewer sales!

OK, where you are ready to jump out a window, I am now salivating!  Yes, I do own a home, but I am not ready to move yet.  Therefore, no sweat.

Take a deep breath Massachusetts, the sky has not fallen and it is time to start figuring out how to take advantage of this market, not how to escape it!

Categories: Ashland, Framingham, Holliston, Hopkinton, Market Conditions, Real Estate

Authored by Ed Daniels | Discussion: 2 Comments »

Ashland: Boston Magazine Sticks a Label on You!

Congratulations Ashland, Boston Magazine reports that you are the top town in Massachusetts for a buyer who is “single and you want peace and quiet.”

Ok, so it’s not a very prestigious award, but you made the list!

When it comes to nightlife, Ashland offers little more than cricket symphonies. What it does provide in abundance are small houses and fully loaded townhouses, priced in the $300,000s, that you can swing on a single income. There’s also the promise of future gains: Metrowest has been home to a sales-appreciation gravy train in the past decade, and this town sits at the next stop.

The article also provided some stats.

I have posted them from the article:

Median Single Family Sales Price 2007         $368,950
Median Single Family Sales Price 2006         $400,000
1 Year Change     -7.8%
5 Year Change    10.5%
Average Days on Market 2007            118

Next I pulled the Year to Date information off of the Multiple Listing Service:

Median Single Family Sales Price (YTD)     $427,500
Average Days of Market 2008 (YTD)       100

The median selling prices from this year contain 78 transactions, which is down from 88 in 2007 year to date. So the Number of Sales are down.

The news headlines might read:

Ashland Sales Down 12%

but I think most residents like the sound of:

Ashland Homes Valued at 16% More than Last Year

Ed Daniels, with Remax Executive Realty, can be reached at 508-341-7880 with any real estate questions. Your comments on the local market are welcome.

 

Categories: Ashland, Real Estate

Authored by Ed Daniels | Discussion: No Comments »

Foreclosure Real Estate Secrets

First time buyers of real estate are salivating at the idea that the Buyer’s Market in Massachusetts is offering “steals” in every neighborhood. They hear of foreclosures, auctions, and people unloading property at every turn.

This is not only a falsehood, but when buyers learn of the process, they usually run for the hills.

Let me explain how foreclosures work…

Home owners who do not pay their mortgage over time will have the bank try to take it over or sell it. The process is known as foreclosure, and the first attempt to sell the property is known as the auction.

The auction is advertised in a legal section of your local newspaper. To participate, you would bring a deposit check to the event. The bidder than stands on the curb and raises their hand if they are willing to pay x dollars for the home.

Notice how I did not say anything about looking inside the property, inspection conditions, or financing contingencies… this is because they don’t exist! You buy sight unseen, perhaps someone will still be living there when you end up buying it, and if you don’t show up in 30 days with payment in full, the deposit is retained by the auction house.

Not a great course of events for a rookie home buyer.

A bank representative is usually at the auction also. They are there to “bid” if the bank wants to buy it back rather than allow anyone else to “steal” the property. They will then prepare the home for listing with a local realtor. This is also known as a REO property, referring to the Real Estate Owned department of the bank.

A buyer can now preview the home, conduct an inspection, and negotiate on price, but at this point the bank usually spends a bit of money on the process and still is not going to allow the home to sell for an outrageous price.

There is certainly a lot more REO property in Massachusetts recently, but these properties are not for buyers who do not have financial resources or lack nerves of steel. They usually need at least cosmetic work, but most have quite a few inspection issues. There are companies out there that are in this business full time and they are also going to compete with your bids.

My official recommendation in 2008, stick with the listed properties and do your due diligence on a property you plan on buying. Currently it is a slim margin of benefit that you will receive from buying a foreclosure and not worth it. It may be in the future, just not right now in Metrowest Boston.

Contact me if you have questions or concerns about REO properties or click here to view listings on the MLS.

 

Categories: Ashland, Framingham, Grafton, Holliston, Hopkinton, Market Conditions, Marlborough, Milford, Natick, Real Estate, Southborough, Westborough

Authored by Ed Daniels | Discussion: 1 Comment »

4 Crucial Reasons to Buy In this Perfect Market

You have been hearing all sorts of bad news in every newspaper article for the past 2 years. These are the 4 reasons why this is THE perfect time to be a Buyer. You should not delay, even if it means dealing with getting less for your current home!

As a full time Realtor in the Metrowest area for the past 10 years, I have seen mostly “good times”.

But were they?

My buyer clients were buying with multiple offers in the first few days a home was listed. Interest rates were good, but prices were climbing at double digit rates.

Ok, they were good times for Sellers.

Many of my home buying clients paid over asking price and had to convince the appraiser that the place was worth it. Many appraisers used appreciation factors in their assessments and the banks signed off on them.

So now is the “Good Times” for the Buyers! Here is why:

1. Interest Rates: They are falling again and today I was just told by my mortgage brokers that they have dipped to 6%. You can’t find 100% deals easily or have terrible credit, but others should take advantage

Call the MAhome Team if we can connect you to a professional, ethical and competitive local mortgage broker for a free pre-approval.

2. Motivated Sellers: There are the foreclosure and short sales, but overall most of the people selling in this market are doing it because they need to. Job change, growing families, or financial struggles are some of the reasons that they are moving.

You need to have a professional Realtor in your corner to deal with the “distressed” situations, but having a strong negotiator on your side will result in even benefits. Negotiate in your mortgage points or closing costs, have condo fees paid for the year, or have inspection issues corrected are some of these benefits.

3. Choices: Buyers of homes around Metrowest have lots of options. A few years ago buyers would be looking every day at the new to market listings. Today we could take your dream home criteria and have several days of homes worth to tour.

Make sure to visit the MAhome Team MLS search to see a map search. Slide bars to fit your criteria and watch the push-pins pop up all over the Metrowest area that are for sale!

http://www.metrowesthome.com/mls/

4. The Move Up Premium: It is not an easy environment to Sell a home, but WHEN you are successful, you will get a discounted price on the purchase.

For example, you are selling your home to get a “better” one. It will cost more and have lots more room and be located in the primo neighborhood. You sell your home for 10% less than you could have 2 years ago, it takes 6 months, but you did it! It listed for $390000, but only sold it for $351000.

Now, the move up home is in the $600K price range. You negotiate hard and get a good deal on the perfect place. You estimate it is 10% less than you could have bought it for 2 years ago! Therefore, you get the $660000 home for only $600000.

There it is… “losing” $41K off the sale and “discounting” the purchase by $60K. A buyer who is upgrading their home is doing better than they would 2 years ago!

Take advantage of a professional Realtor who will keep your best interests as the priority, the MAhome Team is that Realtor. If you know of someone thinking of buying or selling a home, who would appreciate the kind of service I offer, we would appreciate your referrals.

Categories: Ashland, Framingham, Grafton, Holliston, Hopkinton, Market Conditions, Marlborough, Milford, Natick, Real Estate, Southborough, Westborough

Authored by Ed Daniels | Discussion: No Comments »

What??! Boston Area Real Estate “fairly valued”??

SmartMoney Magazine reports in the December 2007 issue that Massachusetts real estate is considered “fairly valued”. 

They compared local housing prices with other factors, including household income, population density, and interest rates. 

Generally, when home prices and incomes grow in tandem in a particular metro area, that market is probably fairly valued; when home prices rise much faster, the market becomes overvalued and a real estate slump is a real danger.

Link to Smartmoney Stats:  http://www.smartmoney.com/mag/download/december2007housing.xls

Link to SmartMoney Magazine Article:

http://www.smartmoney.com/mag/index.cfm?story=december2007-housing

Here are the stats that the article reports:

Worcester MA   Median Price of $244,300;  

10% overvalued;  -3% home price chg 06-07

Springfield MA  Median Price of $214,100;   

10% overvalued;   1% home price chg 06-07

Essex County MA Median Price of $333,800;

6% overvalued;   -3% home price chg 06-07

Boston-Quincy  Median Price of $345,100;

2% undervalued; -3% home price chg 06-07

Cambridge-Framingham MP of $$379,500;

5% undervalued; -2% home price chg 06-07

All of these areas fall within the study’s classification of “fairly valued”.  For all you people who are wondering where NOT to go buy a home because it is “extremely overvalued”, stay away from Miami, California, and Honolulu.  They recommend the “undervalued” markets of Dallas, Rochester NY, and Tulsa.

Categories: Ashland, Framingham, Holliston, Hopkinton, Milford, Natick, Real Estate

Authored by Ed Daniels | Discussion: No Comments »

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