How is the Housing Market shaping up in Quincy?

The current absorbtion rate for the City of Quincy is as follows.

Single Family Homes is at 6.89. What this means is that the supply of homes on the market currently consist of almost a 7 month supply of homes. So, it should take 7 months to sell all the homes currently on the market, and can go up if more properties come on the market than sell. These numbers will go down if more properties are selling than come on the market.
 
Condos are at 5.32, meaning a 5 1/2 month supply of condos currently on ...<< MORE >>

Looking for a place to eat in Quincy?

Check out this new web site with a list of Quincy's diverse eateries.

Quincy Restaurant League

...<< MORE >>

I have been asked to write about the Federal Capital Gains Tax Exclusion and how it works with Real Estate. Many people are confused as to the current tax laws. This is informational only and not meant to take the place of a Professional Accountant.  

The old law was a one time exclusion, up to $125,000 only. You had to be over 55 years of age to use this exclusion, and it could only be used once in a lifetime. Anyone under the age of 55, had to reinvest the proceeds within 2 years to avoid paying a capital gains tax.

This all changed in ...<< MORE >>

Quincy Expected to Get an Additional $1M in State Aid.

The City of Quincy is expected to get an additional one million dollars in state aid for the 2008 fiscal year. This is good news for the city, but future years are not looking to good as aid ti cities and towns is expected to drop.
This is a 7% increase for the City and would bring their total to over 38 million dollars.


Quincy Looking To Create the City's First Dog Park.

The City is holding meetings with dog owners in the city and planning a new dog park, which would be the ...<< MORE >>

Market Trends for Quincy MA from the years 2000-2007

For Single Family Homes.

Statistics are from MLS Property Information Network

 

 

2000 Single Family Homes

          Number of sales: 412                                               Low Sales Price: 185,500

          Average List Price: 245,811                                      High Sales Price: 795,000

          Average Sales Price: 238,071                                   Average Days on the Market: 76.87

 

2001 Single Family Homes

          Number of Sales: 356                                               Low Sales Price: 100,000

          Average List Price: 285,389                                      High Sales Price: 1,000,000

          ...<< MORE >>

There is a new web site where you can sign up to stop the credit agencies from giving out your information. Similar to the Do Not Call List, this will prevent credit companies from sending you pre qualifications for credit cards, home equity lines, etc.

When an individual signs up, the credit agencies can not release their information for a five year period, if you sign up via the web site. There is also a form that can be printed out and mailed in, which would add you to the permanent list, meaning your information can not be given out ever again. ...<< MORE >>

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What Has Been Going On In Quincy?

Vibrant Downtown Closer to Reality.

Quincy MA First in State to Launch Energy Savings Program.

City of Quincy to Create New Waterfront Park.

Street and Sidewalk Improvements.

Affordable Senior Housing to Open at Squantum Gardens.

City of Quincy Aquires Souther Tide Mill Property.

Neighborhood Updates.

Very Informative and all about Quincy.

Check Out The Mayors Recent Edition of The Quincy View.

...<< MORE >>

Check out these things to do in Quincy;

Quincy has 27 miles of shoreline with many beaches throughout the city. Wollaston Beach is the largest in the city at 2.5 miles long. There are several marina's throughout the city for boating enthusiasts. And of course with all the water, fishing is quite popular in Quincy.

Quincy also has a fair amount of ball fields; baseball, football, soccer, as well as, tennis and basketball courts, and a couple of skateboard parks. In the winter, the Quincy Youth Hockey Rink is very active with leagues. The MDC has a rink in West Quincy for ...<< MORE >>

In November of 2006 The City of Quincy was named the second safest city in Massachusetts. It also moved up from number 95 to number 76 nationally. Only Newton was ranked higher in Massachusetts at number 1. Newton is ranked number 4 in the nation.

The ratings were based on crime statitics reported to the FBI. This is a great success for the Quincy Police Department and shows the fantastic job they are doing in Quincy. ...<< MORE >>

Looking to sell a home in todays market?
As you are probably aware, the market has softened over the past two years. There are some ways to make sure you can sell today for the highest price the market will bear, and in the shortest period of time.


1. Price it right! I'm sure you have all heard this one before. It has never been more true than now. Overpricing a home will only cause you headaches and frustration. Price it right from the start, and there is a good chance you will have it sold quickly. Properties are selling. The market ...<< MORE >>

Foreclosures are on the rise throughout the region as well as, throughout the United States. Will this effect home prices?

I think it will affect the Mortgage industry and I am sure there are changes coming such as looking closely at their lending habits. There has already been talk of the 100% mortgages coming to an end. The sub-prime lending is also under close scrutiny. The sub-prime market is those with less than perfect credit. Typically a person in this situation will pay a higher interest rate due to the lenders increased risk. It is a good way for someone ...<< MORE >>

Quincy, Massachusetts is a city rich in history. It is home to both the second and sixth Presidents of the United States, John Adams and his son John Quincy Adams. It is also home to John Hancock, and is the birthplace of both Howard Johnson's and Dunkin Donuts. In fact Howard Johnson himself lived in the Wollaston section of Quincy, and the first Dunkin Donuts is still in operation on Southern Artery just outside Quincy Center. Quincy is located just south of Boston, and in fact, borders Boston's Dorchester section. Quincy is very popular with commuters because of the ease of getting into Boston. With four T Stations with Red Line Service, as well as, a Commuter Rail Stop and easy highway access from throughout the City. Quincy has 27 miles of shoreline making for a water lovers paradise. Swimming, fishing and boating are common in Quincy. Wollaston Beach is the largest beach in quincy at 3.5 miles in length. On the opposite side of the beach, there are Clam Shops, Tony's Clam Shop, The Clam Box, Matilda's, and Hot Rod Harry's Roast Beef. These are great places to eat on a warm spring or summer night. Fresh seafood, burgers, hot dogs, roast beef, sausages. All eateries have outdoor seating overlooking the beach.<< MORE >>