Nouvelle of Natick Market Report 2011
April 11th, 2011 Categories: Market Conditions, Natick, Real Estate
The marketing push for the Nouvelle at Natick luxury condos is still going strong in the 1st quarter of 2011.
The Realtor community is hearing from the in-house staff often, letting us know that they are “almost completely sold out“.
(90% sold was stated in last email from them)
I have put together some information on the 1st quarter sales that I gathered from MLSpin, the Massachusetts MLS service.
In the 1st quarter there were:
8 sales ranging from $369,900 to $599,900.
(Avg. of $438,275)
Unit N345 1 BR, 2BA + study with 1244 sf of living area $369,900
Unit T922 2 BR, 2BA with 1330 sf of living area $399,900
Unit S609 2 BR, 2BA with 1382 sf of living area $413,900
Unit T736 2 BR, 2BA + study with 1472 sf of living area $419,900
Unit N243 2 BR, 2BA + study with 1545 sf of living area $424,900
Unit N251 2 BR, 2BA + study with 1658 sf of living area $430,900
Unit N543 2 BR, 2BA + study with 1545 sf of living area $446,900
Unit N741 3 BR, 2BA with 1720 sf of living area $599,900
Note: N = North, S = South, T = Terrace (floors 6-9)
For comparison for this same time period in 2010, Nouvelle had sold 16 units in this quarter.
Average price in 2010′s 1st quarter was $455,856.
Ed Daniels of The MAhome Team specializes in Metrowest towns and has experience with the Nouvelle of Natick development. Give the team a call at 508-341-7880 to learn all about the project and to ensure you have a Buyer Agent representing your interest when looking into Nouvelle.| Discussion: No Comments »
Metrowest Town’s Recycling Programs
July 13th, 2010 Categories: Ashland, Bellingham, Framingham, Holliston, Hopkinton, Local Communities, Medway, Milford, Natick, Real Estate, Town Hall Info
Thank you to the person on www.HollistonFreeCycle.com (which is a Yahoo Group) for the links to all the local Metrowest recycling information.
I feel that Massachusetts does a pretty good job, either thru grassroots organizations or towns saving money, in providing recycling opportunities to the local residents.
Ashland Recycling Program Info
Framingham Recycling Program Info
Holliston Recycling Program Info
Hopkinton Recycling Program Info
Milford Recycling Program Info
Sherborn Recycling Program Info
Check out the previous posts regarding related sites:
Asbestos Removal Article from 2008
I hope you find these links as a useful source of information whenever you are searching out information on your town’s recycling program.
Ed Daniels of the MAHome Team can be reached at Ed@MAhome.com or 508-341-7880. He calls Holliston his hometown and works with Re/Max Executive Realty selling homes all around the Metrowest area.| Discussion: No Comments »
Metrowest Foreclosure Updates
July 7th, 2010 Categories: Ashland, Framingham, Holliston, Hopkinton, Local Communities, Market Conditions, Natick, Real Estate, Southborough
Today I received a news release from RealtyTrac, which is the leading online source for foreclosure properties. The report made me question how the specific Metrowest Massachusetts marketplace is doing in regards to foreclosures. This post will report on the following questions you may have:
- Are there a bunch of foreclosures driving down home values in our area?
- How much of a discount can I get if I buy one of these foreclosure properties?
- Is the market getting worse or better out there?
Foreclosures in Massachusetts
RealtyTrac reports that Massachusetts is one of the top 5 states in % of foreclosure sales for the 1st quarter of 2010. (June 30th – Not really sure why it took so long to issue these stats??) As alarming as this sounds, let’s look a bit closer…
Number of foreclosure sales were 2,111 in quarter 1, which is 42% of all sales! Sounds bad, right?
How does this compare to other states they reported on? It works out to .9% of Total foreclosures in the United States.
Still digging a bit deeper, I checked MLS data for number of sales in MA for the 1st quarter. MLS reports 6628 total single family home sales, which works out to 32% of all single family home sales are foreclosure sales. Since they report 2,111 were ALL sales, let’s add condos and multifamilies to that number… now it is over 11,000 sales, or about 19% of all sales.
| Discussion: 2 Comments »
Metrowest Hazardous Waste Days
April 5th, 2010 Categories: Events in Community, Framingham, Holliston, Natick
Spring is here and cleanouts have begun! Time to plan for getting rid of all that hazardous waste around your home.
The Metrowest Boston area has special days set aside for homeowners to rid the house of waste.
Holliston Hazardous Waste Day -
July 24th, 2010 9-noon at Adams Middle School
Natick Hazardous Waste Day -
May 15th, 2010 from 9-noon - Natick District Court
Limited: Only 300 cars, so pre-register here
Framingham Hazardous Waste Day -
October – Town site for all recycling info
I will post more details from other area towns as they become announced.
The Metrowest Boston area appreciates that you dispose of your household chemicals at these special days that are offered.
Ed Daniels of Remax Executive Realty serves the Metrowest area towns. If considering a move, the MAhome Team would love the opportunity to help. Contact them at 508-341-7880 and Ed@MAhome.com
| Discussion: 1 Comment »
Metrowest Election Results for Senate
January 20th, 2010 Categories: Ashland, Bellingham, Framingham, Grafton, Holliston, Hopkinton, Local Communities, Marlborough, Medway, Milford, Natick, Southborough, Town Hall Info, Westborough
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):
| Discussion: No Comments »
Affordable Condo Options Newly Available
September 28th, 2009 Categories: Featured Listings, Holliston, Natick, Real Estate
Over the past few weeks there have been 2 condo options that have come available in our area that could become really good deals. I mention “could” because one is an auction property and one is an income restricted option.
Natick has luxury condominiums Read the rest of this entry »
| Discussion: No Comments »
Nordstrom is Having a Sale… on Condos!
September 11th, 2009 Categories: Featured Listings, Market Conditions, Natick, Real Estate
Natick has one-of-a-kind luxury condos that are going on the auction block next month. The Nouvelle at Natick is a 215 unit project that is connected with the mall. About 20% of the units are going to be auctioned October 4th.
The developers are in trouble. They built this development just as the economy was going into a tailspin. They have sold or put under contract only a total of 37 condos. Ouch!
Using town records, I was only able to verify 18 sold units, and selling prices ranged from $369900 to $1.2 million. The following are the units being auctioned:
- 1 Bedroom & 1 BR + Study $160K-$210K
796-1078 sq ft units
- 2 Bedroom & 2 BR + Study $220K-$315K
1068-1591 sq ft units
- 3 Bedroom (only 1 unit auctioned) $350,000
1774 sq ft
- Penthouse (2 units) $375K-$475K
1596-2110 sq ft units
The marketing department has tried everything to entice the local Realtor community to sell these units. Incentives for months of condo fees or mortgage payments have not worked to bring in sales. These prices have just been too high for such a unique housing option in Metrowest.
You will need a deposit of $10,000 on auction day, and I would highly recommend doing all your homework about unit locations, pricing, and mortgage financing. If you are an investor you likely will need 20-25% down payment to get your financing.
These very unique Metrowest condo options were never a good investment to consider, until now. Feel free to contact me for all details of the process and the property options. The developer will pay the commission of your Buyer Agent when bidding on these units, so take advantage of this guidance.
“We Live Where You Live” Ed Daniels of Remax Executive Realty can help you with this auction process and perhaps get you a great investment. He can be reached at 508-341-7880.| Discussion: No Comments »
Important Info on Local Hospitals: Customer Satisfaction
May 10th, 2008 Categories: Framingham, Marlborough, Milford, Natick, Preferred Business
The Metrowest Boston towns are just a short drive to some of the most highly regarded hospitals in the country. I don’t think I have ever heard of Massachusetts residents complaining about the level of care that is available nearby.
There is a survey that I discovered that does highlight some customer satisfaction numbers you may find interesting.
Surveys are interesting subjects because there always seems to be a motivation behind them. This survey was conducted by The Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS). This government body seems to give hospitals a tool to get better at their care, but more importantly, it gives the consumer a way to compare hospital care.
| Discussion: 1 Comment »
Foreclosure Real Estate Secrets
February 3rd, 2008 Categories: Ashland, Framingham, Grafton, Holliston, Hopkinton, Market Conditions, Marlborough, Milford, Natick, Real Estate, Southborough, Westborough
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…
| Discussion: 1 Comment »
4 Crucial Reasons to Buy In this Perfect Market
November 27th, 2007 Categories: Ashland, Framingham, Grafton, Holliston, Hopkinton, Market Conditions, Marlborough, Milford, Natick, Real Estate, Southborough, Westborough
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.
| Discussion: No Comments »
