Monday, March 11, 2013
The foreclosure rate in Burlington is very low, but did show an uptick in a month-to-month comparison with 2012.
Foreclosures in January in Burlington were up slightly compared to that month last year, according to new data released this week. The trend in Burlington bucks the state-wide data, which shows a drop in foreclosures from around this time last year, according to the Warren Group, a real estate industry publishing company. "The number of foreclosure petitions statewide dropped almost 30 percent - declining to 940 from 1,333 in January 2012. Petitions, which mark the first step in the foreclosure process in Massachusetts, have dropped for three consecutive months," the Warren Group states. "Petitions rose in all but three months in 2012." The number of foreclosures in Burlington, though higher than last year, is still quite low. Burlington …
Monday, February 4, 2013
The median price of homes in Burlington increased by 7.4 percent.
Burlington saw a 40.13 percent increase in single-family home sales in 2012, according to statistics gathered by the Warren Group, the Boston-based real estate and banking information publishers for New England. Year-end numbers show Burlington at 213 single-family home sales, compared to 152 sales in 2011. In December, 18 single-family homes were sold in Burlington, a 28.5 percent increase over the number sold in December 2011. According to a Warren Group press release, 2012 Massachusetts home sales were the highest in six years, increasing 18 percent in 2012. In all of 2012, the total number of homes sold statewide were 46,887, an increase from 39,594 home sales in 2011. In addition to sales, median prices for single family homes in …
Friday, January 4, 2013
Year shows an increase in home sales in Burlington.
The year 2012 was good for real estate in the town of Burlinton. It was also a bit better than 2011. According to numbers recently released by the Warren Group, Burlington's single-family home sales were up by 43 percent as of November. Condo sales were also up 9 percent from the previous year. Burlington's increase in home sales puts it in the same trend as all of Middlesex County, which has seen a 22.41 percent increase in sales between 2011 and 2012. Other towns experiencing an increase in single family home sales in 2012 include: Woburn (60.9%), Lexington (11.76%), Stoneham (29.55%), Winchester (12.22%) and Reading (28.33%). BURLINGTON PATCH: Facebook | Twitter | E-mail Updates |
Friday, March 9, 2012
The median price of single-family home sales dropped, the Warren Group reports.
Single-family home sales rose more than 3 percent in January 2012, according to the report, while the median price dropped nearly 4 percent; median prices have dropped consecutively for the past four months. In total, 2,425 single-family homes sold across the state in January, up from 2,348 in January 2011. The median sale price, however, decreased by 3.7 percent, or $260,000. The median price in January 2011 was $270,000. In Burlington, however, the number of homes sold dipped a bit in January 2012, as compared to January 2011, while the average sales price actually rose. The number of homes sold in Burlington during the first three months of 2011 came to a total of 19, according to Sonia Rollins, Sales Manager with EXIT Premier RE in …
Friday, January 6, 2012
Trade groups report real estate growth.
According to The Warren Group's latest findings, single-family home sales increased 13 percent in Massachusetts when comparing Nov. 2011 with Nov. 2010. Sales increased year over year from 2,875 to 3,253. The Nov. 2011 numbers are also reportedly better than those in 2007 and 2008, the group wrote. Warren Group CEO Timothy M. Warren Jr. said in a press release that the Nov. numbers are a positive sign for the new year, but says he also worries that the overall 2011 number might approach record low numbers, “somewhere near the level in the 1990s,” he said. Other Warren numbers show the median price of single-family homes dropped from $295,000 in Nov. 2010 to $271,000 in Nov. 2011. The median price from Jan. through Nov. 2011 was $290,000, …
Adam
8:38 am on Tuesday, March 12, 2013
I'm having a hard time taking this article seriously. The point of the article is that Burlington's foreclosures are up, while Massachusetts as a whole is down. Burlington is up because we went from 1 foreclosure, up to 2. Wow. So if we only had 1 foreclosure instead of 2, would this be a non-story because Burlington's forclosure rate would remain the same??? more ›