May 4, 2011
-- A national real estate consulting organization, HouseSavvy (houseSavvy.com)
documents that the greater Boston Real Estate Market is experiencing a recent surge in real estate activity while continuing to be one of the healthiest markets in the country. Sales activity increased by 37% in the first quarter of 2011.
Mr. Brian Gokey from Gokey Properties in Boston (www.Gokeyproperties.com)
has had an increase in business stating his buyers are actively seeking “real arms length purchases" (not foreclosures or short sales). I can attest to this having invested in 3 properties this year all of which were bought from qualified private sellers.
With the spring coming and the interest rates quite reasonable, I expect the market to heat up even more. Boston unsold listing (listing still on the market at the end of the month) is currently listed at an impressive 5.6% compared to a national average of 8.5%. Property that is priced right does not stay on the market very long so if you find what you want are looking for, be aggressive and put your best foot forward, otherwise, you take the risk of competition and the more the competition the higher the price.
For more information, please feel free to contact me!