North Reading Real Estate

North Reading Real Estate Transactions:

Posted by on Feb 14, 2018 in North Reading Real Estate | Comments Off on North Reading Real Estate Transactions:

• Published February 15, 2018

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Classified Realty Group sales increased 25% in 2017

Posted by on Feb 8, 2018 in North Reading Real Estate | Comments Off on Classified Realty Group sales increased 25% in 2017

Top producing agents recognized at annual meeting Published in the February 8, 2018 edition NORTH READING — On Tuesday, January 7, Classified Realty Group met to discuss 2018 sales and marketing plans and to celebrate a very successful 2017. Agents from the company’s three offices, Reading, North Reading, and Wakefield, attended the meeting which took place at the company’s North Reading office. The meeting started with a review of 2017, a year in which sales grew by nearly 25% from the prior year, transactions increased from 183 in 2016 to 240 in 2017, and market share grew in all three towns. Presentations on the corporate marketing plan, office infrastructure, and selling strategies were given with time allotted for plenty of Q&A sessions. The opening portion of the meeting lasted about 90 minutes. When asked to characterize the company’s success in 2017 and plans for 2018, Maureen Giuliano, broker-owner, had this to say, “From the start, Classified Realty has taken a slow and steady approach and applied it to all facets of the business. We started 12 years ago with one office in North Reading and a handful of carefully selected agents who shared the company’s vision and desire to create something truly unique, an agency that valued discretion, integrity, fairness and professionalism first before sales results. The company wasn’t designed to be an overnight success. I wanted something better and something that would last and I didn’t want to lose the company’s identity. Although we’ve grown substantially in the last 12 years, we’ve remained true to our core values. The community has really embraced our approach and they continue to trust us and welcome us into their homes. We are incredibly fortunate and grateful for the opportunities we’ve been given.” As for the future of the local real estate market, she says, “At this time, 2018 looks to be another strong year in real estate with the market continuing to slightly favor sellers with low inventory and rising prices. For us, it’s going to be more of the same. Lots of focus on technology, innovative and customized marketing plans, with an emphasis on the latest on-line marketing tools and platforms, and, as always, a client first attitude.” Top producing agents recognized After the sales and marketing portion of the meeting came to a close, the focus shifted to the accomplishments of the company’s top producing agents. Awards were given in the following categories: Silver Sales Level $5 million to $10 million, Gold Sales Level $10 million to $15 million, and Platinum Sales Level for sales above $15 million. Winners of the Silver were Felicia Giuliano, Matt Quinlan, Rita Angelesco, Gina Bourikas and Roberta Nelson. Winners of the Gold Level were Lisa Santilli, Laurie Cappuccio, and Katie Varney. The sole winner of the last award, Platinum Level, was Susan Gormady whose sales in 2017 exceeded $18 million. When asked about Susan and the other award winners, Maureen discussed their accomplishments in glowing terms. “They’re a very talented and hardworking group of agents. Through the years, I’ve really enjoyed watching them continue to learn, to grow, and to try new things. Most importantly, they’re high character people who’ve embraced the company’s core values and I am really proud to have them at Classified Realty.” The meeting came to a close with...

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Time to prepare for your home inspection

Posted by on Feb 8, 2018 in North Reading Real Estate | Comments Off on Time to prepare for your home inspection

Published in the February 8, 2018 edition NORTH READING — You and your realtor spend an enormous amount of time and energy preparing and marketing your home for sale. Don’t let these avoidable issues ruin that hard work. “It’s much easier to resolve these issues before they show up on an inspection report,” states Brett Maloney of Indian Rock Inspections. “Most home buyers, especially first-time buyers, find the process of purchasing a home very stressful. It’s best to eliminate as much stress as possible before an offer to purchase is submitted.” To minimize the stress, use the tools you were born with: your eyes, ears and nose. The homeowner can do these simple tasks but it’s better if you have a friend or a neighbor that can give you hand. They have a better chance of pointing out things that you may have become accustomed to over the years. Use your eyes: Walk around the home and make note of anything that looks problematic. On the exterior of the home look for the following: missing or damaged roofing, clogged or damaged gutters, missing or damaged downspouts and extensions, trees or shrubbery that are either too close to the home (less than 36 inches) or overhanging the roof, peeling paint or deteriorated siding, loose trim and caulking, tripping hazards in walkways or driveway, loose or missing railings on the porches and decks. Also, cracked or damaged bricks/mortar on the chimney, leaking spigots, missing safety covers on exterior receptacles and pooling of water on walkways or around the foundation. You should check the exterior lighting fixtures. Lastly, if the home has a working fireplace, you should find out if the chimney has a liner and when the chimney was last swept. On the interior of the home look for: water/moisture stains – especially in the basement, on the ceilings, exterior walls and under cabinets; mold or mildew, soot staining in the home, leaking faucets and plumbing under the cabinets or in the basement, and loose toilets. You should also make sure that the appliances operate as intended. Be sure to look for missing knobs or handles on cabinetry and doors and for cracked or fogged windows and sliders. Other things to consider are broken or missing switch/receptacle plates, unsecured or exposed wiring in the home, attic or basement. Check the service tag on your HVAC equipment and water heater – If the equipment has not been serviced within the past year, call your HVAC company and schedule a yearly service/cleaning. Are there any blown fuses or tripped circuit breakers in the electric panel? Don’t forget the little things like replacing any dead light bulbs. Use your ears: Make note of any odd noises that your HVAC equipment makes while in operation. Be sure to listen for any hammering or knocking noises when using your faucets. If you have ceiling fans, make sure that they operate quietly and are in balance. If you hear any scampering in your walls or ceiling, then place a call to your exterminator sooner rather than later. Also check for any damage caused by your furry little friends. Use your nose: Your nose can tell you a lot about your home so use it throughout the house. Pay attention to any odd odors when you turn on...

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North Reading Real Estate Transactions:

Posted by on Feb 8, 2018 in North Reading Real Estate | Comments Off on North Reading Real Estate Transactions:

Posted on February 8, 2018

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North Reading Real Estate Transactions:

Posted by on Jan 31, 2018 in North Reading Real Estate | Comments Off on North Reading Real Estate Transactions:

• Published February 1, 2018

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Moving in the Winter

Posted by on Jan 30, 2018 in North Reading Real Estate | Comments Off on Moving in the Winter

Published in the February 1, 2018 edition By GERI FARRELLY Broker/Owner, Farrelly Realty Group NORTH READING — With the lack of inventory and the pent-up need of buyers, the home selling season has started earlier and earlier, the new spring market begins in February if not sooner. Also, moving can be out of your control due to a job change or personal matters, so selling in the winter months is more common than people realize. Our very first real estate transaction in our firm occurred during a blizzard in 2015, we had clients who were selling and buying so there were a lot of moving parts, and with the amount of snow that year we were concerned about people coming out. But we held two very well-attended open houses and had multiple offers. Moving day was another story. A blizzard was predicted.  Instead of canceling until after the storm, we coordinated with the movers to pack the clients up, and with cooperation from all the parties we were able to have the sellers moved in and their buyers close the day before the blizzard. Living in New England, we have become accustomed to dealing with adverse weather and we continue to go about our business. Selling and/or buying a home should not be dependent on the weather. So you found that perfect new home, your offer was accepted, the paperwork is complete, and it’s time to pack all your belongings and start moving. This an exciting time, but it’s January in New England, a time of year when even going outside can feel daunting.   We’ve put together the ultimate checklist to help reduce some of the stress of moving in the winter and make your move go as smoothly as it would on a warm summer day. Safety First 1. Ice melt: The last thing you want to do is slip on a patch of ice while moving a box of your most valuable possessions. Be sure to have plenty of ice melt on hand to reduce the chances of slipping on outdoor stairs and walkways. 2. Extra towels: Snow melts quickly when tracked inside. Have some extra towels on hand to mop up messy puddles and avoid wet, slippery floors inside. 3. Visit the new house: Before packing the truck for the move to your new home, visit to make sure all the walkways are clear, and the lights are working inside and out. Dusk comes early in the winter. Stay Warm 4. Protect your hands: Insulate your fingers from the cold and ensure you have a good grip on boxes and furniture by investing in a pair of warm gloves with good grippers. 5. From the inside out: Brew some coffee and tea or make a quick run to the local coffee shop. You and your team of movers will appreciate a warm beverage on a cold winter day. 6. Preheat the moving truck: Before you load the last few boxes, start the truck and let it preheat. 7. Pump up the thermostat: Your new home should feel warm and cozy. When you make that quick visit before the big move make sure the heat is on. Be Smart 8. Protect your floors: Mud and dirt can accumulate quickly, and scratches are bound to happen when furniture is being moved. Preserve the floors in...

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North Reading Real Estate Transactions:

Posted by on Jan 24, 2018 in North Reading Real Estate | Comments Off on North Reading Real Estate Transactions:

• Published January 25, 2018

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North Reading Real Estate Transactions:

Posted by on Jan 18, 2018 in North Reading Real Estate | Comments Off on North Reading Real Estate Transactions:

• Published January 18, 2018

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North Reading’s 2017 real estate market overview

Posted by on Jan 11, 2018 in North Reading Real Estate | Comments Off on North Reading’s 2017 real estate market overview

Published in the January 11, 2018 edition By GERI FARRELLY Broker/Owner Farrelly Realty Group NORTH READING — Happy New Year, and here’s to a happy, healthy and prosperous 2018 for everyone living in, or affiliated with, North Reading. Our town continues to flourish and grow, the reviews on the Middle School/High School complex are in from many students and parents indicating that our education system is continuing to provide an excellent education and is a great environment to promote learning by all. With that said, our school system and overall sense of community continues to drive people to North Reading to put down their roots. Our housing market is healthy and continues to be in very high demand. Main Street is also showing signs of revitalization with older buildings in need of repair being replaced with newer, more modern facilities. Although some people would love to see other types of businesses, it is a start and we are headed in the right direction. This alone may spur businesses to move to Main Street, which will assist our economy overall. The sale of the Berry Property has also helped with the town’s economic picture. The land has been cleared for an over-55 development (Martin’s Landing) to be built by Pulte Homes. Please check back to this section and, as the development progresses, we will forward the information on to you. As far as our town’s real estate transactions, a lot did not change over this past year, the exception being an increase in home values. We believe this is happening because of the great desirability to live in North Reading and its proximity to Boston, New Hampshire and the North Shore. New buyers say their primary reasons to move to North Reading are our school system, community events and sports programs. It is so nice to see a small town prosper while continuing to hold on to its fundamental principles of a close-knit community. In 2017, we had 177 single family homes sold, as compared to 180 single families in 2016. The lowest priced home was sold for $188,000 while the highest priced home sold for $1,220,000. Compared to 2016 the lowest priced home was sold for $165,000 and the highest priced home sold for $1,285,000, a difference of $65,000 less than 2016. The average list price was $595,118; the average days on market was 49.46 days; the average days to offer was 29.76 and the average sale price was $595,506. The average sale price in 2016 was $565,906. The condominium market also held steady in 2017. There were 53 condominiums sold last year as compared to 54 in 2016. The lowest priced condominium sold for $100,000 while the highest priced condominium sold for $636,950 on Brassie Way at The Greens. By comparison, in 2016 the lowest priced condo sold for $117,000 and the highest priced condo sold for $720,000 for a free-standing unit located on Spoon Way, also at The Greens. Even with a little less revenue at both the lower end and at the higher end of the condominium market in 2017, the average sale price in North Reading rose to $342,600 as compared to 2016 at $320,868, an increase in overall value of $21,732. Only one multi-family home in town was sold in 2017. Listed for $499,999, it sold for $520,000. Similarly, in 2016 only one...

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North Reading Real Estate Transactions:

Posted by on Jan 10, 2018 in North Reading Real Estate | Comments Off on North Reading Real Estate Transactions:

• Published January 11, 2018

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