April 16th, 2013 by BOWES
Patriots Day 2013 – Paul Revere Greeted at Town Hall
Thanks to all who came out on Sunday to cheer along the Parade route and on Monday to welcome Paul Revere and William Dawes at the Arlington Town Hall!
On Monday, April 15th, Arlington again become Menotomy as we celebrated our Town’s importance on the first day of the American Revolution.
Arlington residents came out in force to greet re-enactment riders Paul Revere and William Dawes. Children made welcome signs for the riders with craft materials, activities provided by the Arlington Historical Society, music from the colonial era performed by Diane Taraz, and refreshments were served.
Monday’s festivities were hosted by the Arlington Committee on Tourism and Economic Development and sponsored by BOWES Real Estate.
Despite our joy for the Patriots Day festivities celebrated in Arlington this past weekend, our thoughts and prayers go out to the families whose loved ones were lost or injured at the Boston Marathon.
Thanks again for all who participated. See you next year!
April 3rd, 2013 by BOWES
On Monday, April 15th, Arlington again becomes Menotomy as we celebrate our Town’s importance on the first day of the American Revolution.
Join your fellow Menotomians at the Arlington Town Hall as we greet re-enactment riders Paul Revere and William Dawes. Make a welcome sign for the riders with craft material provided. Children’s dress-up activity with photo by the Arlington Historical Society. Music from the colonial era performed by Diane Taraz. Snacks and light food will be available.
Event hosted by the Arlington Committee on Tourism and Economic Development and sponsored by BOWES Real Estate.
See you there!
February 8th, 2013 by BOWES
by Kirk Nahabedian
Realtors are screaming from the roof tops. “We need inventory”.
It’s been this way for some time now but it appears that seller inquiries are once again beginning to increase.
I thought I would include an excerpt from an email I wrote to a potential client;
“I also thought you might be interested in some numbers I’ve been looking at.
It’s pretty much a given that our market is really short on inventory so I was doing a little research to see where things are. Sometimes I look at the absorption rate to kind of gauge the market. In other parts of the country it’s not uncommon to see about a 6 month supply of homes. That’s considered a normal market. Around here the worst I’ve ever seen was about 4.5 months.
I looked at 2/3 family condos in the $325k to 425k price range. There is presently only 1 condo for sale. Frankly I could’ve stopped there because that pretty much tells the story. Anyway, over the last 12 months there have been 58 sales in that range. So we basically have a 1 week supply. Crazy stuff. The good news for you, if things stay the same, your condo should sell fairly quickly. If the market looks even remotely like this when you’re ready it may even warrant a shot at a higher price. For comparison sake about 5 years ago, when the market wasn’t that great, we had a 1.8 month supply in the same category and there had been 70 sales over the preceding 12 months. ”
Here are some numbers that will make you shake your head;
Arlington MA past 12 months 290 single family homes sold. Current inventory 8.
Belmont MA past 12 months 169 single family homes sold. Current inventory 8.
Lexington MA past 12 months 365 single family homes sold. Current inventory 38.
Watertown MA past 12 months 90 single family homes sold. Current inventory 6.
If you’re thinking of selling it might be a good time!
View Original Article
January 14th, 2013 by BOWES
If you have been waiting until Spring to put your home for sale, we’re here to tell you that in the Arlington real estate world, it’s already here! And by February it will be in full swing.
BOWES Sells More Arlington Homes
Just last weekend one of our new listings had an open house visited by over 60 interested buyers, indicating the demand for Arlington housing is at an all-time high. Buyers want to take advantage of today’s record-low mortgage rates, Arlington’s great schools and our enviable location. Simply stated Buyers are more than anxious for new inventory in our desirable town.We are expecting 2013 to be a huge year and already have many listings lined up to come on the market over the next two months. If you have been thinking about selling, we strongly urge you to have a professional price analysis of your home done now, before Spring has completely Sprung.
January 4th, 2013 by BOWES
We are thrilled to report that 2012 turned out to be the best year in the history of BOWES Real Estate, since its founding in 1945. We have the great people of Arlington to thank for their friendship, support, loyalty, and the many referrals made throughout the year. Best wishes for a Healthy, Happy, and Prosperous New Year!