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Merrimac, MA Real Estate News

By Jim Mushinsky
(Centsable Inspection)
A Merrimac MA home buyer should receive a brochure, Home Inspectors Facts for Consumers Sheet, at the time of the signing of the first written contract to purchase. A standard home inspection in Massachusetts is a visual examination of the physical structure and major interior systems of a residential building consisting of one to four dwelling units. It should be understood that there are certain risks inherent in the purchase of property and a home inspection is inherently limited in its scope and depth. The information gained from home inspection conforming to the Massachusetts Home Inspector Standards of Practice may reduce some of those risks, but the home inspection is not intended to provide the client with protection from all of the risks involved. Visit the Merrimac MA Home Ins...
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By Ashley Connolly
(Northeast Water Wells Inc)
    Are you thinking of installing a water well in Merrimac, MA. This article is geared towards understanding Merrimac MA Board of Health Regulations. Understanding your town regulations can be instrumental in compiling total project costs when it comes to drilling a water well in Merrimac, MA.  1. Permit Info:  Well construction permit fee: $150.00 2. Well Location: An engineered plot plan is required when application is submitted.  Guidelines include COMPONENT    DISTANCE                                                                         (in feet) Septic System Leaching Facility...................................................................   100 Septic Tank .............................................................................50 Cesspool..................................
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By Lynda Longmire
(Virtual Homes Real Estate)
  Merrimac Massachusetts 2010 Homes Sold in Q2 Merrimac Massachusetts Single Family Homes Sold The Merrimac, MA 2nd quarter real estate market report indicates that there were 14 homes sold in Q2 2010 as compared to 13 in 2009. This represents a 8% increase in the number of homes sold. The average sales price changed from $325173 in 2009 to $329821 in 2010, a 1% increase in value. The days on market changed -38 % from 239  to 149. Visit Merrimac MA real estate for information about the community, relocation, demographics, MLS search, home buying and selling guides.   Go to Merrimac MA homes for sale to view current listings of homes, condos, multi-family and land listings. The Merrimac MA real estate report was compiled by Virtual Homes Real Estate. The data was extracted from the MA ML...
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By Lynda Longmire
(Virtual Homes Real Estate)
Merrimac Massachusetts Homes and Condos Sold in 2009 Single Family Home Sales The Merrimac, MA real estate market report indicates that there were 53 homes sold in 2009 as compared to 24 in 2008. This represents a 121% increase in the number of homes sold. The average sales price changed from $384142 in 2008 to $324893 in 2009, a 15% decrease in value. The days on market changed 20 % from 153  to 184. Visit Merrimac MA real estate for information about the community, relocation, demographics, MLS search, home buying and selling guides.     Go to Merrimac MA homes for sale to view current listings of homes, condos, multi-family and land listings. Condominium Sales The Merrimac, MA condominium market data indicates that there were 15 condos sold in 2009 as compared to 12 in 2008. This rep...
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By John P. Wells
(Wellsco Realtors LLC)
Merrimac Market Report 2010 Jan 1 - March 8, 2010 2 homes sold Average price $197,500 1 for $190,000, 95% of asking price, 973 days on market 1 for $205,000, 93% of asking price, 54 days on market
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By Richard Rosa, Exclusive Buyer Agent
(Buyers Brokers Only, LLC)
The median price for single-family homes sold in Merrimac, Massachusetts during October of 2009 was $290,500, a decrease of 32.4 percent when compared to the previous October. The decline in October 2009 median price followed a 3.9 decrease from October 2007 to October 2008, with a median price of $430,000. During October 2006, the median price was at its lowest in the past four years, at $290,000, although only one home was sold.The number of sales has remained reasonably low, with a range of 3 sales, during the month of October from 2006 to 2009. The most sales recorded in the month of October were in 2007, with four sales. In October 2009, the average number of days single-family homes spent on the market was 164 days. This was a 32.5 percent decrease when compared to October 2008, b...
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Merrimac MA Real Estate Report - Year to Date (10/31/2009) Market Snapshot Single Family Homes - As of October 31, 2009, there were 23 homes on the market in Merrimac, MA, with an average list price of $388,891 and an average days on market of 143. For sales pending, there were 4 homes under contract with an average list price of $307,225 and an average DOM of 111. There were 39 homes sold in Merrimac YTD with an average sales price of $327,558 and an average DOM of 201. The selling range was a low of $125,000 to a high of $680,000. Condominiums - There were 15 condos on the market in Merrimac, MA, as of October 31, 2009, with an average list price of $255,440 and an average days on market of 163. There were 2 condos under contract with an average list price of $329,450 and an average D...
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By Lynda Longmire
(Virtual Homes Real Estate)
Merrimac, MA Foreclosed and Bank Owned Real Estate Purchasing a home at a foreclosure auction has many risks to a potential buyer and in most cases the bank will bid and take possession of the property at auction. The property is then referred to as bank owned, REO (real estate owned) or foreclosed property. To search the MA MLS listings visit Merrimac MA MLS listings. A home owner may attempt a "short sale" whereby the bank agrees to accept less than the mortgage balance based on the owner's hardship and financial status. Obtaining approval can be a long and difficult process. Additionally, there is no assurance that the lender will accept an offer at or above the listed price. Bank-owned and short sale listings are often marketed with a real estate agent and placed in the Massachusett...
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By Fred Doleac, Real Estate in a Virtual World
(Fred Doleac - Bean Group)
Buying a home is an important investment however your primary focus should be to solve a housing need. The process can be very complicated if you do not work with industry professionals that can provide accurate information and advise you. The professionals include mortgage lenders, Realtors, attorneys, home inspectors and accountants. If you are a first-time home buyer, you may qualify for a tax credit ($8000 in 2009) and could be eligible for special financing programs. For a map based search of all properties listed in the MA MLS go to MERRIMAC MA MLS Let Merrimac MA real estate assist you in finding the right property to meet your needs from local area homes for sale, foreclosure listings (bank-owned), country properties, land, condominiums and equine facilities -- all through the M...
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By Richard Rosa, Exclusive Buyer Agent
(Buyers Brokers Only, LLC)
Merrimac, Massachusetts home sales declined from 30 single-family home sales from January through September 2007 to 19 sales during the same period in 2008, a 36.6 percent decline; however, the median price of a single-family home increased 5.8 percent from $359,000 (2007) to $380,000 (2008).During the same period in 2006, the median price for a single-family home in Merrimac, MA stood at $345,000. In 2005, the median home price was $365,000Merrimac, MA    Single-family Market Data    Jan. 1st through Sept. 30th    Year    No. of Sales2005    482006    332007    302008    19 Year    Median Price2005    $365,0002006    $345,0002007    $359,0002008    $380,000 Year    DOM2005    1052006    1952007    1922008    131Search for homes in Merrimac, MA and surrounding communities.
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