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Dear <<First Name>>, are your neighbors, friends or co-workers looking to move? Your referrals are appreciated!

Newton Market Fast Facts


1. Mortgage rates continue to rise. As of now, that means increased demand! Many buyers are telling us they would prefer to find a home and lock in their mortgage rate now, rather than wait a few months as the Federal Reserve has said it would "raise interest rates multiple times this year.
2. In case you missed it, 2021 sales data is in. The average single-family home in Newton sold for $1.51M in 2021, up 14.4% from the prior year. You can see data from many cities and towns in the Greater Boston Area (Brookline, Needham, Wellesley, etc.) by clicking here. However, there is evidence on the national level that home prices may be starting to plateau.

Other Real Estate News

Digital Real Estate Selling for Millions

You may have seen headlines (ex. Investors Snap Up Metaverse Real Estate in a Virtual Land Boom) over the past few months touting the future of the Metaverse and the rush for virtual real estate. You can now purchase residential and commercial virtual real estate in the Metaverse, and engage in many activities and transactions similar to what you do in our real world. The concept is certainly intriguing; however, both proponents and skeptics of virtual real estate agree that the industry is in it’s infancy. This video by Reuters explains the concept of the Metaverse more clearly.

While most of us do not quite plan on spinning a slot machine in virtual Las Vegas anytime soon, virtual reality plays an increasing role in our real estate transactions. For example, last year we held a virtual open house, as a result of which a buyer made an offer on one of the properties we were presenting. So, perhaps the future is here already, after all!

Contact us

Carol Vaghar | (617) 669-4132 | carol@thevagharteam.com
Cyrus Vaghar | (617) 823-2556 | cyrus@thevagharteam.com


     
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The Vaghar Team is a group of two licensed real estate salespersons and abides by Equal housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement or warrant is made as to the accuracy of any material. All measurements and square footages are approximate. This is not intended to solicit a property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.






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Coldwell Banker · 1261 Centre St. · ATTN: The Vaghar Team · Newton Centre, MA 02459 · USA

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