Competitively Priced Single-Families Sell Close to Asking

Between January 1 and March 31, 2009, only four single-family homes sold in East Boston. None were bank owned (foreclosed) properties, one was a short sale, and three were regular sales.

Of the three “regular sales,” one property was a recently renovated 835 square foot, three bedroom, semi-attached row house on Everett Street. The list price was $189,000. The sale price was $174,000. The second property was a vacant and completely renovated 1,106 square foot house on Morris Street. The list price was $209,000. The sale price was $205,000. The third property was an older and larger 3,635 square foot home on St. Andrew’s Road. The list price was $329,000. The sale price was $265,000.

Even though there are many bank owned sales and short sales in East Boston, there still is a strong demand for decent housing—especially renovated properties. When a property is priced right, buyers will usually pay very close to asking price.

Please check back as we continue to update you on East Boston real estate happenings. To see all our listings, or to search MLS properties, head to the Tony’s Realty Website.

Email Tony with your questions or comments.

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