This week, I wanted to follow up on last week's blog where we talked about new properties that hit the market. Wow, the response was incredible and I am happy to report the results.
This beauty at 88 Manor Avenue that we listed for $2,095,000 had many, many showings and a super crowded open house! Cars lined up and down the street as many buyers came to see this gorgeous listing. We established a tight offer deadline, and had a handful of bids that followed three "pre-inspections". Ultimately it will trade for over asking.
27 Standish Road in Wellesley also came on market last week for $1,350,000 and was shown consistently each day. The open houses there were packed as well! In the end, the seller received more than a dozen offers. You can bet with that type of interest it will ultimately sell for close to 20% over the asking price.
Once again, this type of robust activity in December is astonishing - this is historically our slowest month of the year. This frantic market will spill right into the holidays and onto the other side of the new year, with no signs of slowing down. Experts will make their predictions for 2022, and some say prices will continue to go up - which I agree with. Others feel confident that a slight correction is in our future, but I don't see how that's possible with this type of demand still out there.
I am about to head out with a buyer to see a new listing in Dover where offers are due this Sunday. I really think we will have to partake in the multiple offer dance on this one too. My clients have lost out on a number of houses (before they started working with me 😉), so I hope to end their losing streak this weekend if they like it!
I snagged this article off of the internet about the places which are most likely to have the hottest housing markets for 2022. The cities listed are primarily smaller emerging markets. In the end, those are the areas that have benefited the most from the last few years. You will notice that Worstester, MA is on the list. I know a lot of investors have had their eye on Worcester, and it will pay off for them.
Finally, I wanted to share my book club's list of favorite books from 2021! Each person submitted their recommendation, and if you are a reader I hope this helpful in picking your next read. My mantra at home to my kids is...."read, read, read." Sadly, they don't listen and we don't have a reader among us, but there are some really good Tik-Tok-ers in our house! Oh well, they know I tried.
TGIF!! Happy weekend!