Coming Soon: 7 Blood Road in Princeton

This contemporary, custom ranch has cathedral ceilings, a center island with a Kenmore range and breakfast bar, a walk-in pantry, and hand-hewn pine cabinetry.

This contemporary, custom ranch at 7 Blood Road in Princeton has cathedral ceilings, a center island with a Kenmore range and breakfast bar, a walk-in pantry, and hand-hewn pine cabinetry.

I’ll be listing 7 Blood Road in Princeton this week.  This delightful young open-concept custom ranch features post and beam construction, central air, a wonderful front porch, a fenced backyard, and a separate heated woodworking shop.

It’s being offered for $349,900.  I will be welcoming visitors to the first Open House on Sunday, January 31st from 11:30 – 1:30.

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Coming to the Real Estate Market in Lunenburg

Gracious living room at 136 Leominster Rd. in Lunenburg

Gracious living room at 136 Leominster Rd. in Lunenburg

This antique “village end” four-bedroom colonial within walking distance to Lunenburg Center will be available for showings during the first week of January.  We’ll be hosting visitors at the first Open House on Sunday, January 10th.

For more information, photos, and details, visit 136LeominsterRoad.com.

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How’s the Market in Harvard MA on September 3, 2014

With 10 homes having sold in the last month and another 15 under agreement, the real estate market in Harvard appears to be humming along.

The price of the homes that closed during the last 30 days ranged from $320,000 to the $775,000 for 21 Depot Road, which brought $45,000 more than its original $730,000. These sold figures closely mirror the list prices of the 15 homes now under contract, which range from $395,000 to $749,000.

Notably, buyers are not flocking to homes in the upper tier of the market, which in Harvard spans from $899,900 to $2,450,000. Based on recent market trends, those high-end properties may linger a while before they are sold. Two listings in this bracket–6 Schoolhouse Lane @$899,000 and 55 Oak Hill Road @ $1,250,000–were both cancelled during the month of August, perhaps suggesting that the respective sellers had become restive.

Here’s a graphical summary of the homes currently on the market in Harvard:

Harvard7DayMarketStatsAug292014Larger

Get free weekly Market Updates for Harvard

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How’s the Market in Princeton, MA on September 1st 2014?

There are 35 single family homes on the market in Princeton this week, with prices ranging from a low of $154,900 to a high of $2,000,000, for the beautiful Bryn Coron Estate.

There are only eight homes under agreement, including 33 Pheasant Hollow Run, listed at $649,000 and due to close on September 15th.  If it sells close to the asking price, it will become the highest priced home to sell in Princeton since 2011, so we’re watching that one closely.

Here’s a quick seven-day snapshot of the current market with statistics through the last week of August:


If you'd like to receive weekly Market Updates for Princeton or other towns in Worcester County, click here!

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Watching the Princeton Real Estate Market on the First Day of Summer

PatioJunebrochure

It’s the first day of summer, and now the calendar confirms what we’ve known for the last several weeks: the spring real estate market, with all of its early exuberance, is over.

In Princeton, the sellers of almost a third of the 31 listed single family homes have slashed their asking prices in the last three months. Most notable is the $100,000 reduction taken on 4 Clearings Way, which has been on the market for only a couple of weeks. Originally listed at $849,900, it surfaced today at $749,000, less than 48 hours after the brokers’ open house reception.

There was more encouraging news for broker Anna Ling Pierce’s home at 33 Pheasant Hollow Run, which was snapped up almost as soon as it hit the market at $649,000 earlier this week. The four-bedroom, four-and-a-half bathroom colonial in the lovely Snow Pond neighborhood could become the highest priced home to sell in Princeton since August, 2011, when 143 Calamint Hill Road North brought $645,000.

There are currently 10 other homes under contract in Princeton, ranging from $219,000 to $439,000, with an average list price of $309,878.

Most prominent of the homes on the market is the elegant 32-acre Bryn Coron estate, whose $2 million price tag puts it in a class by itself.

There are five offerings in the popular Wildwood Acres subdivision off Rte. 31, including 43 Oak Circle, a wonderful cape with its own professional clay tennis court that I am honored to represent.

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Why Homes Don’t Sell

Biggest Home Seller Mistakes_ActiveRainreducedActive Rain recently asked 1000 real estate agents to list the top reasons why sellers can’t get their homes sold.  The results should be eye openers for anyone whose home is currently on the market, or who is thinking about selling this year.

Perhaps not surprisingly, 77% of the agents pointed to overpricing as the number one obstacle to a successful sale.  With that in mind, it’s important to get a solid Market Analysis before you list.  Cognizant that market conditions can change from month to month, I provide my seller clients with updated Market Analyses on a regular basis, to help them make savvy decisions.  If your agent isn’t doing that, she should.

About a third of the agents polled cited clutter, as well as difficulty in making showing appointments,  as significant impediments to a sale.  In an effort to ensure that these issues don’t arise in the homes I represent, I use MAPass for all of my listings, an easy-to-use showing service that not only facilitates appointments, but also gathers feedback after every appointment.  Before we take photographs, I typically bring in a home staging consultant to walk through the space with the homeowner and me, creating a punch list of recommendations for eliminating and rearranging objects in each room.  In my experience, such dispassionate feedback is invaluable.

The main message of the Active Rain survey is that sellers should think of the process of selling their homes as a business transaction,  emphasizing their home’s best features, making sure that prospective buyers can actually see and appreciate them, and setting a price that will encourage an offer.

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Beware of Craigslist Scams

Renters beware when it comes to Craigslist

Renters beware when it comes to Craigslist

Craigslist can be an important vehicle, both for real estate agents who are marketing properties, and for prospective buyers or renters who are seeking them. But if a price advertised on Craigslist seems to good to be true, it probably is.

Thanks to a wary prospective tenant, I recently learned that one of my for-sale listings had been fraudulently misappropriated by someone who posed as me and offered it for rent on Craigslist at a ridiculously low price, well below the market rents for comparable homes in the area. The scammer, who said that he/she is an engineer currently working in Lagos, Nigeria, hoped to convince this consumer–and perhaps untold others–to wire deposit monies to secure the rental. Those funds would have disappeared into a black hole, of course, and the Craigslist poser would have never been heard from again.

I did some checking, and learned that this same scam has been perpetrated on at least four other local agents in the last month alone. In each case, the fraud was immediately reported to Craigslist, and the offending ads were removed.

How can you protect yourself from being fleeced by an impostor?

* If you’re interested in seeing a home or apartment for rent or for purchase, call the listing agent or seller/landlord directly (or call your buyer’s agent, if you have one).

* Be suspicious if the person offering the property wants to communicate only via Email, does not provide a phone number, and seems to dodge requests for you to actually get inside of the property

* Do a drive-by, if you can. If there is a real estate agency sign in front of the home, call that number and ask if the property is for sale or for rent.

* If you’re relocating from another state, secure the services of a reputable buyer’s agent who can personally investigate legitimate properties for you. You may not have to pay a fee, but even if you do, it will be a worthwhile investment, ensuring that you will be protected from paying too much, or even worse: paying for something that you’ll never receive.

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291 Goodale Street in West Boylston Under Contract in 10 Days!

IDining Area at 291 Goodale St. West BoylstonIn another sign that home buyers are actively jumping into the early spring real estate market, another one of my listings has just gone under agreement, barely a week after its debut.

The cute expanded cape at 291 Goodale St. in West Boylston, which has had major updates since it was last listed, at the end of 2013, was warmly embraced by prospective buyers who are looking for homes in good condition that offer space to grow, with convenient access to major commuting routes.  This home, listed at $339,900, ticked all those boxes.

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Princeton’s Home Prices Depend on Broadband Adoption

PrincetonBroadbandicon Princeton is one of those places that makes you feel good, the minute you cross its borders.  Its grassy expanses, tree-lined roadways, and peaceful energy are alluring and inviting, both to those who already live there, and to those who want to.

But how many people who would love to live in Princeton have hesitated to move there because the town lacks a commodity that its neighbors enjoy:  reliable high-speed Internet service.  It’s true that many residents rely on Verizon DSL, but at its sometimes less-than-optimal speeds, it can’t quite compete with Sterling‘s XFinity or Holden‘s Charter Cable.

On Tuesday, May 13th, Princeton’s citizens have a chance to change that, by voting on two Town Meeting motions that will literally pave the way for the creation of a Broadband network capable of reaching even the furthermost corners of the town.

If you live in Princeton and your home is on the market, or you’re thinking of selling in the next year or so, your best real estate investment is to spend an hour of your time next Tuesday evening to approve the town’s next steps toward a fiber-connected future, one that will surely enhance not only your quality of life, but the market value of your home.

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Does Your Home Have Sought-After “Hidden Gems?”

ActiveRain_Hidden_Gems infographicActiveRain recently polled more than 1500 real estate agents (I was one of them!) to ask which home features should be “included in the price” and “worth every penny.”

The results can help prospective sellers hone their marketing efforts to highlight attributes that are sometimes not even mentioned in a home’s description. Almost 70% of the agents who responded rated “amazing views” as a highly desirable and not-so-hidden gem. Sixty-six percent identified “great schools” and “a new roof” as buyer magnets, while 50% said that homes that backed up to “green space” were worth more.

In terms of the most valued interior features, 39% of the agents surveyed mentioned granite countertops as home enhancers, and 20% cited “nicely finished closets” as buyer pleasers.

Among the often-overlooked hidden gems were “green” upgrades to enhance a home’s energy efficiency, hardwood floors disguised under wall-to-wall carpeting, and the intangible good fortune of moving into a home blessed with good neighbors.

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