The Least Affordable Town in Massachusetts May Surprise You

David Bates / April 10, 2012-11:52 am

According to the National Association of Realtors, the national average of housing affordability in 2009 was 169, which basically means that the typical family had an income that was 169% of the qualifying income to buy the median priced home in the... Continue Reading

Highest Assessed Single Family Homes by Town

David Bates / March 28, 2012-5:05 pm

  [caption id="attachment_1205" align="aligncenter" width="640" caption="484 Charles, River is one of the highest assessed homes in Needham, MA"][/caption]   Brookline 1. 150 Woodland Rd              $17,431,000 2. 39... Continue Reading

This Old House’s Value

David Bates / March 12, 2012-3:36 pm

I did an analysis of 2011 Single-Family-Sales median sale prices based on the year the home was built. It made for what appeared to be a very simple and understandable chart that simply showed the older the era of the house, the less the median... Continue Reading

50 Key Massachusetts Towns Ranked by Property Tax Rate

David Bates / March 8, 2012-12:42 pm

Do you want to lower your monthly real estate payment? Buy in a community with a low real estate tax rate. Towns assess your home’s property tax contribution by first having the assessing department determine a value for your home and then... Continue Reading

Highest Single Family Sales by Massachusetts Town/City (2011)

David Bates / January 18, 2012-12:30 pm

Town/City Address High Sale Weston 75 Doublet Hill $15,600,000 Wellesley 209 Cliff Road $6,800,000 Manchester 28 Masconomo $5,100,000 Brookline 35 Single Tree $4,900,000 Newton 33... Continue Reading

An Up-and-Coming Million-Dollar Community

David Bates / March 8, 2011-1:42 pm

Needham, a town bordered by three perennial high-volume million-dollar-selling communities (Newton, Wellesley and Dover) is about to become a town known for its own high volume of million-dollar sales. In 2004, Needham recorded 50 million dollar... Continue Reading

The Area With The Highest Percentage of Million Dollar Sales

David Bates / February 2, 2011-3:58 pm

If you are going to buy a single-family home in the most prized parts of Boston — the Back Bay, South End or Beacon Hill — then 83 percent of the time you are going to spend more than $1 million (MLS cumulative statistics, 2004-2009). But if you... Continue Reading

Where Does Your Town Rank?

David Bates / January 27, 2011-8:40 pm

What does the highest-priced home sale in a community tell us about value in that community? Was the ultimate value the community could produce in any given year limited by the excellence of the best available property for sale? Or was the maximum... Continue Reading
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