Check out Coleman Group Market Scoops to get the latest intel on what is happening in the real estate market and what we are seeing every week!

Charla

It was a pleasure meeting so many lovely buyers and their children at 15 Pelham Rd in Lexington this weekend. We brought this beautiful 4 bedroom home in Munroe Hill onto the market Thursday morning and received a total of 8 fantastic offers by the deadline on Monday. Several offers came in with no contingencies, highlighting how competitive the market continues to be as we head into Spring. Don’t worry if you missed out on this gem because we hear there are many great listings coming soon, and we will have a few of them! 

Gloria

It was a crazy weekend! We saw more new inventory come on the market this week than we have seen in a while and lots of buyers out looking for a new home! I had a buyer bidding on a beautiful 2 bedroom unit in Somerville and we were 1 of 8 offers. I have another buyer bidding on a lovely, duplex unit in Southie after debate between it and a gorgeous, gut-renovated unit in Charlestown– so, it feels like a relief (and luxury!) to finally have choices available! If you find one you love, don’t forget to have a pre-inspection so you know what you are bidding on.

Kenda

Well, in spite of all the SVP turmoil late last week, the market is still churning. Charla wrote about her offers on Pelham, but it is not just in Lexington we are seeing continued market mayhem! Listings in Melrose, Arlington, Wakefield and more saw multiple offers with waived contingencies. I had a buyer bidding in Medford and we were 1 of 13 total offers in the competition. We tried to snap it up early, but sellers are inclined to wait for deadlines, which can sometimes be a detriment…

Jess

The spring market is definitely under way! Inventory is lower but there’s no shortage of buyers. Open houses have been slammed and many properties are getting multiple offers, driving prices far above list price. I’ve heard of several properties in Lexington and the surrounding towns with 10-15+ offers – crazy! I’ve seen a few really great properties in Wellesley and Belmont over the past 2 weeks that went under agreement very quickly. It’s important to know as a buyer that when you find a property you love, you will need to be prepared to act quickly, especially in this market. 

With regards to sellers, low inventory and a surplus of buyers means that it is a great time for homeowners to think about where their homes would stand in this market. Perhaps you weren’t considering selling but it never hurts to have a conversation, especially if there’s money to be made. If you’re looking for a valuation or market analysis of your home let me know. I’m always happy to help you determine what makes sense for you and your family. 

Tory

The market has been busy busy busy over the past 2 weeks with lots of buyers!

66 Dickson Ave. in Arlington got 10+ offers (listed for $869K)

135 Oak St. in Reading received 10+ offers (listed for $1.4M)

35 Glen St. in Melrose received 5+ offers (listed for $750K)

Fingers crossed for more good inventory this week!

Peter

I recently toured the new luxury condo, The Parker in the heart of downtown Boston. It is surprisingly situated on LaGrange St with its “alley-esque” vibe. The common areas and units are beautiful with the very top floors of this 168-unit tower having views of the Boston Common. A two-bedroom with city views was going for right under $2M and they were 50% sold when I visited a few weeks ago. As an incentive, they are currently offering buyers a 2% mortgage rate discount for two years. This is yet another example of any free space in the city getting scooped up for development, with this parcel having been a paved parking lot before The Parker activated this space.