Massachusetts Home Buyer Guide

Massachusetts Names 'Green' Communities

Massachusetts Governor Deval Patrick named 35 cities and towns as the first official "Green Communities," The Boston Globe reported May 26, 2010.

These communities will be eligible to receive some of the $8.1 million in grants, as part of the Green Communities Act, that will be given out in late June. The money can be used towards “local renewable power and energy-efficiency projects.”

In order to be eligible, the towns and cities had to first meet five clean energy goals and follow strict guidelines. Some of the guidelines that must be followed include adapting new local zoning laws that encourage permitting to renewable energy projects, purchasing only fuel efficient vehicles for the municipal fleet, and following new energy-efficient building codes for all commercial properties and residential properties over 3,000 square feet.

The communities that are eligible include Acton, Arlington, Athol, Andover, Becket, Belchertown, Cambridge, Chelmsford, Easthampton, Greenfield, Hamilton, Hanover, Holyoke, Hopkinton, Kingston, Lancaster, Lenox, Lexington, Lincoln, Lowell, Mashpee, Medford, Melrose, Montague, Natick, Newton, Northampton, Palmer, Pittsfield, Salem, Springfield, Sudbury, Tyngsborough, Wenham, and Worcester.

Each community also will receive a Big Belly solar waste compactor.

Chelmsford, MA Condo Prices, Sales Decline

Since 2006, January through October, condominium median prices have declined each year in Chelmsford, Massachusetts. The first ten months of 2009 had a median price that was 12.8 percent lower compared to the same time period in 2008, a $28,800 difference. Since 2006 there has been a 22 percent drop in median prices.

During the first ten months of each year, 2007 through 2009, there has been a decrease in sales of Chelmsford, MA condominiums. Compared to 2008, there was a 7.1 percent decrease in sales in 2009. With a high of 138 sales in 2007, condominium sales dropped by 34 percent over the last three years, with 91 condominiums selling in the ten-month period of 2009.

The amount of time homes spent on the market from 2006 to 2008 increased each year. In 2009 there was an 11.7 percent decrease in time, or 19 less days on the market, compared to the ten-month period of 2008. Compared to 2006 the average amount of time homes spent on the market in 2009 increased 37.5 percent, or 39 days longer.

The data come from MLS Property Information Network, Inc.

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Chelmsford, MA Real Estate Market Data

	Median Price	Number of Sales	Days on the Market
Jan-Sept 2006	$251,500	136	104
Jan-Sept 2007	$250,000	138	127
Jan-Sept 2008	$225,000	98	162
Jan-Sept 2009	$196,200	91	143

Chelmsford, MA Sales, Prices Increase In April

In the month of April from 2006 to 2009, Chelmsford, Massachusetts has gradually experienced an increase in single-family home sales. Twenty homes were sold during the month of April in 2008 and 2009, which represents a 15 percent increase from 2007 and a 40 percent increase from 2006.

The median price for single-family homes in Chelmsford, MA increased to $324,750 in April 2009, representing a 9.94 percent increase from the previous April. While sales are higher in April 2009 than they were in April 2006 and 2007, the 2009 median price is still lower than the median prices for those months.

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The mean sales price of homes in Chelmsford during the month of April has been significantly lower in the past two years. In April 2006 and 2007, 75.86 percent of single-family homes were sold for mean $300,000. Only 55 percent of single-family homes sold were in that price range during April 2008 and 2009.

Over the past four years, the average days on the market has fluctuated. In April 2009, single-family homes in Chelmsford averaged 135 days on the market. This represents an 8.15 percent increase from the previous April and a 29.15 percent increase from April 2006, when houses spent an average of 124 and 97 days on the market. The average for number of days on the market for April peaked in 2007 at 146 days.

The data comes from MLS Property Information Network, Inc. 

Chelmsford, MA Real Estate Market Data

                 Median Price    Number of Sales    Days on the Market 

April 2006:        $348,407                     12                                  97   
April 2007:        $345,000                     17                                  146  
April 2008:        $292,475                     20                                  124   
April 2009:        $324,750                     20                                  135