Natick Market Momentum January 2009 ...John Prescott’s The MetWest Scene… bostonkayakguy.wordpress.com Submitted: 6 min ago - The spring housing market has officially begun. The 54 inches of snow which has fallen this winter has put a bit of a crimp on an early market, but realtors are reporting an uptick in ...(more) BostonKayakGuy...John Prescott's The MetWest Scene » Full Story on bostonkayakguy.wordpress.com     BostonKayakGuy…The MetWest Scene     I think buying a home is a lifestyle choice, not a portfolio choice! Well making an investment in your life is always the best investment you can make!   JOHN PRESCOTT -BostonKayakGuy     Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham an... 02/12/2009

  $14 Million Home Goes For $100… John Prescott's The MetWest Scene bostonkayakguy.wordpress.com Submitted: 4 min ago - In what has to be the real estate deal of all time, a $14 million mansion which just sold for $100 reflects these economic times..if you're a culprit of the collapse trying to shield your assets, that is...(continued) BostonKayakGuy...John Prescott's The MetWest Scene » Full Story on bostonkayakguy.wordpress.com                   Shameful! They took millions! Thousands of people have lost their jobs and their 401 (k)s! They squandered shareholders' monies! And now this???   JOHN PRESCOTT -BostonKayakGuy     Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWe... 02/10/2009

    As of January 31, 2009, there were 64 single family listings in Natick on the Multiple Listing Service (MLSPin).  Although the market absorption statistics for Natick show that the market is "balanced", home sale figures tell a slightly different story that Sellers and those interested in selling should take note:  Overpriced Homes Do Not Sell. Additionally, fewer luxury homes in the area of South Natick are available for resale, signifying an end of building inventory in the high-end home sector of Natick.  During January, 5 new single family listings were added to our MLSPin and an additional 6 single family homes were relisted for sale on the MLS, with an average list price of $684,467.  Based on the number of active single family listings versus the number of sales during the mo... 02/09/2009

Breaking News: Boston Celtics’ Ray Allen Named to All Star Squad… bostonkayakguy.wordpress.com Submitted: 1 min ago - It's official - Ray Allen's in and Jameer Nelson is sidelined by an injury. That's right, the Boston Celtics' Ray Allen makes his 9th appearance at the NBA All-Star game in Phoenix, joining...(continued) BostonKayakGuy...John Prescott's The MetWest Scene » Full Story on bostonkayakguy.wordpress.com       02/05/2009

The Senate voted to approve a tax credit of 10 percent of the value of new or existing residences, up to a $15,000 limit. Presently, only first-time home buyers receive a $7,500 tax credit, so this represents a significant change. The cost of the proposed tax credit is an estimated $19 billion. As the economic stimulus package continues to be hammered out, it is possible that the homebuyer tax credit may be changed or even eliminated. But it does represent an attempt to accomplish two very important objectives:  to put money directly into the hands of the general public, and to give a critical economic stimulus into the flattened housing industry. Plans call for the stimulus package to be ready for the president by the end of next week. JOHN PRESCOTT -BostonKayakGuy     Top Real Estate... 02/05/2009

Some Harvard Alums Say Give $$$ Back... John Prescott’s The MetWest Scene… bostonkayakguy.wordpress.com Submitted: 9 min ago - Some Harvard Alums Call For Money Managers’ Bonuses To Be Rescinded ...Some Harvard alums in the class of '69 want the executive bonuses of the money managers of Harvard's endowment fund, rescinded. Some call "foul," others say this is just the beginning. On top of the John Thain...(continued) » Full Story on bostonkayakguy.wordpress.com   Image via Wikipedia     There's a growing sentiment that money managers shouldn't be getting bonuses for 2008. What exactly should be the criteria? Some say Harvard Management DID earn their bonuses - but they lost $8 billion???   JOHN PRESCOTT -BostonKayakGuy     Top Real Estate Agent for more than 14 years, serving the real ... 02/02/2009

Move over… Flying in coach is about to get a lot more crowded… Those corporate suits at Citigroup, the very ones who got a $45 billion handout from you, me, the guy down the street…you get the picture…just got a major reality check from the new guy in town - President Obama. Following reports  that Citigroup planned on using TARP monies to purchase a $50 million luxury jet, White House officials apparently picked up the phone and delivered a bombshell to Citigroup, “Not with our money, you don’t!  Fix it!”   Image via Wikipedia This follows on the heels of the $35,000 commode and other associated luxuries charged by Merrill Lynch’s John Thain for redecorating his office to the tune of $1 million plus!  Now that he’s been given the boot - he claims he’ll reimburse the monies spent, but w... 01/30/2009

Tom Brady A Girly-Man ??? John Prescott’s The MetWest Scene… bostonkayakguy.wordpress.com Submitted: 4 min ago - Tom Brady A Girly-Man ??? Girls dig him, guys want to be him, and the Patriots want him back. But what did Boston Globe columnist Dan Shaughnessy see that shook him to his very soul...(continued) BostonKayakGuy...John Prescott's The MetWest Scene » Full Story on bostonkayakguy.wordpress.com       Tom Brady has big shoulder pads to fill. So seeing what he's doing now is pretty shocking!     JOHN PRESCOTT -BostonKayakGuy     Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net JOHN PRESCOTT Vice President Century 21 Commonwealth 50... 01/28/2009

Posted on January 23, 2009 by bostonkayakguy  Image via Wikipedia FAST LANE commuters will be hit with a new fee of .50 per month. Instead of paying an upfront fee of $25.95 when you purchase a transponder, FAST LANE commuters will be charged a monthly .50 fee totaling $6.00 per year, along with paying tolls.   The transponders will be given out starting Feb. 15, and the new fee will be implemented June 1. Drivers who buy a new transponder between Jan. 15 to Feb. 15 will get a credit toward the cost of tolls. Those who purchased a transponder before Jan. 15 are ineligible for the credit but can get a new transponder when the battery wears down.  - WickedLocal.com For more information: Fast Lane Transponders Get New Fee Structure/WickedLocal.com *source: TheBostonChannel JOHN PRESCOTT -B... 01/23/2009

By Andrea Coombes RISMEDIA, January 20, 2009-(MCT)-President-elect Barack Obama's top economic adviser said Sunday that the incoming administration's proposed $825 billion stimulus package will pass within a month and will have some immediate, appreciable effects. "I expect the (stimulus) program will pass within a month," Lawrence Summers, incoming director of the National Economic Council, said on CBS' "Face the Nation." "Some of the adjustments will take place almost immediately. People will see income in their paychecks, state and local governments will get support to prevent layoffs ... and there are a ton of shovel-ready projects that are out there that aren't going to have to be cancelled when this program passes," Summers said. But even with quick passage, the economy won't reco... 01/20/2009

This Is How He Rolls…Obama’s Wheels... BostonKayakGuy John Prescott’s The MetWest Scene bostonkayakguy.wordpress.com Submitted: 2 min ago - What do you think? This is the new Limo #1 for President Obama. BostonKayakGuy...John Prescott's The MetWest Scene   » Full Story on bostonkayakguy.wordpress.com   Well, it proves GM can build a tank. But can they build a car ????????   JOHN PRESCOTT -BostonKayakGuy     Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net JOHN PRESCOTT Vice President Century 21 Commonwealth 508-523-9252   BostonKayakGuy…The MetWest Scene 01/20/2009

Blue Cross Responds to Tufts: Deal or No Deal? John Prescott's The MetWest Scene bostonkayakguy.wordpress.com Submitted: 5 min ago - Blue Cross offered Tufts a deal and they said, "No more Blue Cross patients!" Twelve days later the same deal, the alternative quality contract, is given the green light at Tufts. And both camps proclaim success...but say "No way!" to questions. Was the loser of Deal or No Deal,... the patient???. » Full Story on bostonkayakguy.wordpress.com     Are physicians now expected to wield a calculator as they tally up a patient's cost of services?? Does alternative quality contract translate to more money for the hospital and doctors, and less treatment for the patient? Oh my...so many questions; so few answers !   JOHN PRESCOTT -BostonKayakGuy     Top Real Esta... 01/19/2009

A Star is Born…The Obama Clutch ...John Prescott's The MetWest Scene bostonkayakguy.wordpress.com Submitted: 5 min ago - Trendsetter Alert! This stunning fashion accessory is the 2009 "must have!" And without a doubt a new design star has exploded out of the gate...(more) BostonKayakGuy...John Prescott's The MetWest Scene » Full Story on bostonkayakguy.wordpress.com     You're going to see this all over the Inauguration!...A new fashion industry has been born with the election of Barack Obama and the fireworks start here...(continued) BostonKayakGuy...John Prescott's The MetWest Scene   JOHN PRESCOTT -BostonKayakGuy     Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest c... 01/17/2009

MetWest Bulletin: Benchmark 30-year Mortgage Falls Below 5%   Image via Wikipedia bostonkayakguy.wordpress.com — Been waiting for a good time in real estate? Well, when the mortgage rate on a 30 year loan goes below 5%,... better start your engines!... Been renting? Living with your parents? Recently graduated? Downsizing? Expecting a baby? Looking for more space? Relocating? Looking for a change? ..Did you miss out on the bubbles? tech? housing? stock market? (more) BostonKayakGuy...John Prescott's The MetWest Scene   JOHN PRESCOTT -BostonKayakGuy     Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net JOHN PRESCOTT Vice President Century... 01/16/2009

South Natick Is Changing…Who Gets to Weigh In? Posted on January 9, 2009 by bostonkayakguy  NATICK — Town Administrator Martha White proposed creating a committee to create a recommendation for the future of the former Eliot School in South Natick, but the members of the committee have not been determined. The town-owned property now houses the Eliot Montessori School, but the school’s lease ends in 2010 and the future of the site is uncertain.  - Metrowest Daily News South Natick may be undergoing some changes. Carlson Real Estate is out. Hughes & Hughes has shuttered their doors. The property owned by the Eliot Montessori School, across the street from its’ present location has been cleared. The future of the Sacred Heart Catholic Church building is up in the air. And the building now... 01/08/2009

Tufts Medical Center To Deny Blue Cross HMO Patients...John Prescott's The MetWest Scene   bostonkayakguy.wordpress.com Image via Wikipedia   Submitted: Just now! - In the wake of a state probe underway regarding Partners Health Care System receiving higher reimbursement from Blue Cross/Blue Shield than other Boston hospitals, Tufts Medical Center has announced that it will no longer be accepting Blue Cross patients beginning in February...BostonKayakGuy » Full Story on bostonkayakguy.wordpress.com   JOHN PRESCOTT -BostonKayakGuy     Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net JOHN PRESCOTT Vice President Century 21 Commonwealth 50... 01/06/2009

  As of December 31, 2008, there were 73 single family listings in Natick on the Multiple Listing Service (MLSPin).   Year to date sales figures show a 20.7% decline in sales volume and average sales prices are down 13.09% compared to 2007. Based on current market absorption rates (see below), the market for single family homes in Natick appears to be "balanced."  That is to say, market supply and demand is in balance, such that it is neither a buyers nor a sellers market.  However, much of the inventory currently available has been sitting idle for over six months, therefore further price improvements are required for these properties to sell and buyers do, in reality, have the upper hand.  During December, 7 new single family listings were added to our MLSPin, with an average list pri... 01/05/2009

Deal or No Deal…Accountability for Bailout Beneficiaries? bostonkayakguy.wordpress.com — HoHoHo! You were very very bad this year. So you get a bailout. You were very very good this year. So you get to give your money to the bailout beneficiaries. And they won't tell you where it's gone...(more) BostonKayakGuy...John Prescott's The MetWest Scene   JOHN PRESCOTT -BostonKayakGuy     Top Real Estate Agent for more than 14 years, serving the real estate needs of  Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities.  www.johnprescott.net JOHN PRESCOTT Vice President Century 21 Commonwealth 508-523-9252   BostonKayakGuy…The MetWest Scene 12/22/2008

The  average single family home price in Natick, MA is up from the year 2006-2007 but there were 71 less homes sold year 2007-2008.  The average days on market is essentially the same.  The list price to sold price average is 96% which is not too bad.   There were far more luxury homes sold in the prior year.  The highest price in Natick this past year was $1,282,000 while in the prior the highest sale was $2,275,000  The concentration seems to be between the $300k to $600K single family properties. I have included a comparison chart for the period of 12/21/2006 to 12/21/2007  and then the period 12/21/2007 to 12/21/2008. Property Type(s): SF Status: SLD Start Date: 12/21/2006 End Date: 12/21/2007 Towns: Natick Price Range # ofListings Avg. Dayson Market AverageSale Price   AverageList ... 12/21/2008

Guess What the Fed Put in your Holiday Stocking?…$$$ F Fed Gives Home Buyers $$$ If you were very BAD this year, it seems that Santa brought you a taxpayer bailout. And if you were very GOOD this year, the Fed has brought you a big chunk of change... What do the recent Fed actions regarding interest rates mean for you? Well, the Fed’s actions have resulted in opportunity and buying power…the result of  INCREDIBLE MORTGAGE RATES that are now available. Rates as low as 4.9%,…30 year fixed with no points means opportunity knocks, BUY NOW! Combine the favorable prices that we’re seeing right now in the real estate market, with great rates and a window of opportunity has opened. How long the window will remain this far open is anyone’s guess. However, history has proven that the rate curve i... 12/18/2008