Massachusetts Home Buyer Guide

So What Does $5 Million Plus Get You in MA?

In this battered real estate market, how many single-family homes priced at $5 million or more do you think are on the market in Massachusetts? Maybe five or 10. Certainly no more than 20, right?

Well, there are 70 luxury homes on the market priced for $5 million or more in Massachusetts as of August 29, 2009.

Check out these Massachusetts luxury homes online.

Multi-family Home Sales Surge In Lawrence, MA

Sales of multi-family homes in Lawrence, MA, which have seen prices drop more than 40 percent in just the last year or so, surged during the first nine months of the year, up 351.6 percent from the same period in 2007, The Eagle-Tribune reported December 1, 2008.

According MLS Property Information Network, Inc., there presently are 222 multi-family homes for sale in Lawrence, MA; however, on December 1, 2007 there were 407 multi-family properties on the market, so inventory of multi-family homes is down 45 percent.

Search for Lawrence, MA multi-family homes.

Read The Eagle-Tribune Article.

Low-income, 55+ New Construction Condos Available At Reduced Price In Haverhill, Massachusetts

Community Action, Inc. in Haverhill, MA has applications available for low- to moderate-income residents 55 years old or older to buy new construction condominiums for the reduced price of $209,100 and $220,913.

The two-bedroom condominiums are part of The Fairways development located off Route 108 (Newton Road) in Haverhill.

The maximum allowed annual income for a single person is $54,700. For a two-person household the income limit is $62,600; the three-person household income limit is $70,400; and the four-person income limit is $78,200.

Applications are available at Community Action, Inc., which is located at 145 Essex Street in Haverhill. For more information, you can call Richard Lynch at 978.373.1971.

Units are available for rent starting at $1,295 per month.

If you'd like to see The Fairways, please don't hesitate to contact me at 978.835.5906 or online.

Haverhill, MA Single-family Homes $250K Or Less

Use the following link to find single-family homes in Haverhill, Massachusetts for $250,000 or less. More than 50 properties available as of September 30, 2008.

Search Haverhill, MA homes $250K or less.

Condos For $75K Or Less

According to the MLS, there are more than 240 condominiums for sale in Massachusetts from $25,000 to $75,000.

Many are in the urban areas you might expect and many are pretty small too, but there most certainly are some diamonds in the rough.

Haverhill, MA Single-family Homes $275K Or Less

There are presently more than 80 single-family homes in Haverhill, MA for sale for $275,000 or less. There are several homes in move-in condition in the Riverside and Bradford areas of the city between $250K and $275K.

A few years ago buyers in this price range had only homes that needed a lot of work to choose from. That's not the case today.

Looking For A Condo For Less Than $70K?

This condo on Clinton Street in Haverhill, MA is a short sale and on the market for just $69,900. It has four rooms, two bedrooms, 1.5 bathrooms and more than 900 square feet.

Contact me at 978.835.5906, if you'd like me to schedule a showing to check it out.

Multi-family Homes In Boston For Less Than $300K

As of December 21, 2007, there were more than 100 multi-family properties listed on the MLS Property Information Network for sale for less than $300K throughout the City of Boston.

Finding a decent multi-family property at a price that would allow it to be cash-flow positive was next to impossible just a year or so ago, but that is beginning to change.

Check out this three-family property in East Boston for $250K.

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Most Expensive Home For Sale In Andover, MA

The most expensive home for sale in Andover, MA listed on the MLS as of December 5, 2007 was a yet-to-be-built 13-room colonial featuring more than 5,000 square feet, 4.5 bathrooms, a five-car garage and nearly two acres.

This custom-built, new construction home was listed at $3.075 million. The lot is near Phillips Academy. As of December 5, 2007, the home had been on the market for 131 days without a price change.  That isn't unusual for new construction.

Not too shabby!

See more photos.

Find all the single-family home listings in Andover, MA

Find all the condo home listings in Andover, MA

More Than 400 Multi-Family Homes For Sale In Lawrence

With new foreclosed multi-family properties hitting the market in Lawrence, MA regularly, Lawrence has more than 400 multi-family homes, including regular listings, bank-owned properties and short sales, listed on the MLS Property Information Network, Inc. as of today.

Find multi-family homes for sale in Lawrence, Massachusetts.

Check out The Boston Globe's October 7, 2007 special report, including video, on Lawrence's foreclosure crisis.

Lawrence profile from the October 7, 2007 Boston Globe.

Tom Brady As Your Neighbor

Your high school quarterback son need some help reading defenses or spotting the open receiver?

Well, then move in next door to Patriots QB Tom Brady.

The Boston Herald reported (actually using the Boston Globe as a source) September 13, 2007 that Brady is selling two condo units he owns in a Beacon Hill brownstone. The new dad reportedly will keep the top two floors, which have "panoramic views of the Charles River."

As for the units for sale, "The Boston Globe reported Thursday that Brady is selling one unit, with three bedrooms and three-and-a-half baths, for $4.59 million. The other has three bedrooms, two-and-a-half baths and a $3.99 million asking price."

It might seem expensive, but just think of the signing bonus Junior will get after being drafted in the first round.

Read The Boston Herald Article

Andover, MA For Less Than $400K

Looking for a community with good schools, open space and a great downtown?

Andover, Massachusetts has its share of homes listed for $1 million or more, but as of May 5, 2007, it also had 20 single-family homes listed for less than $400K.

Check out the listings and view the photographs of the homes for less than $400K on the MLS Property Information Network.

There are 40 one-, two- and three-bedroom condos for less than $300K in Andover.

Search the entire Massachusetts MLS

What's The Most Expensive Asking Price For A Home For Sale In The Greater Boston Area?

According to the MLS Property Information Network, a Victorian home on Beacon Hill in Boston has the most expensive asking price.

The 9,500 square-foot, 16-room home is presently listed at $16.5 million.

Click here for photographs and a link to a virtual tour of the home.

Where Can You Find Affordable Homes?

The Boston Globe has compiled a list of the Massachusetts communities with the highest percentage of affordable homes.

The cities and towns are ranked by share of owner-occupied housing units affordable to four-person households earning 80 percent of the Boston metropolitan area's median income.

There are a few affordable communities in the top thirty I would not have expected, such as Wilmington (2), Burlington (10) and Saugus (28).

The most affordable community is Avon, with more than 50 percent of the homes affordable to four-person households earning 80 percent of the Boston metropolitan area's median income.

The least affordable community according to the data is Brookline. There are zero, yes zero, affordable homes in Brookline using the above criteria.

What communities surprised you as being affordable? Leave a comment.

The data comes from MIT's Center for Real Estate.

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Land For Sale In Boston

There isn't much, but there is land for sale in Boston.