Quincy, Massachusetts Real Estate Info Center

Quincy Ma Events

HouseC21@yahoo.com (Dana Schatzl) — Fri, 21 Aug 2009 14:28:00 GMT

New list of Things to do in Quincy MA for the August to September 2009 timeframe.

Also, updated Market Statistices for the Quincy MA Real Estate Market.

Visit; http://blog.SouthShoreDreamHomes.com

The New Fountain at Upper Merrymount Park on Hancock St and Merrymount Parkway, Quincy MA

Quincy Real Estate Market Statistics

HouseC21@yahoo.com (Dana Schatzl) — Wed, 29 Jul 2009 15:13:00 GMT

If you are waiting for Real Estate prices to bottom out before buying a home, you missed the bottom. Both the Number of Sales and Selling Prices have been going up, meaning the bottom has passed. Good news for Sellers, not so good for Buyers.

Interest rates are still historically low, and the $8,000 Tax Credit for First Time Buyers still make purchasing a home a good investment.

For the full statistics on Quincy's Home Prices, visit here:

Quincy Real Estate Market Statistics

Market Absorbtion Rate for Quincy.

HouseC21@yahoo.com (Dana Schatzl) — Fri, 04 May 2007 14:18:00 GMT

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 the market. The condo market has been active lately and I feel the supply is going to continue to decrease.

Multi-unit housing is at a wopping 16 month supply. The Multi market has been slow as of late, but should change as the Spring Market is now here. Also, as Single prices increase, more first time buyers will look to multi unit housing.

Quincy Restaurants

HouseC21@yahoo.com (Dana Schatzl) — Fri, 20 Apr 2007 15:30:00 GMT

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

How The Capital Gains Exclusion Works.

HouseC21@yahoo.com (Dana Schatzl) — Sat, 14 Apr 2007 17:04:00 GMT

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 1997 when the new tax law was passed.

Anyone who used the old one time exclusion is still allowed to use the new exclusion as long as the 2 year occupancy requirement is met. In fact, this can be used every two years.

The new law gives an exclusion of $250,000 to a single person or $500,000 for a married couple who files a joint return. You must have lived in the home for 2 of the previous 5 years to be eligible for the entire exclusion. There are a few exceptions to this rule. A job transfer for one, but I would check with your accountant to be sure that all requirements are met. If you have not lived in the home for 2 years, you may still be eligible for a partial exclusion.

In the case of a married couple where one spouse passes away, the other spouse can still claim the $500,000 exclusion only if the home is sold in the same calendar year. As soon as the calendar year changes, the surviving spouse would only be eligible for an exclusion of $250,000.

Investment properties are not eligible for an exclusion. In the case of a multi unit building where the owner lives in one unit, they can still claim the exclusion on that portion of the home. The remainder of the home would be considered investment property, and not eligible.

I hope this helped explain the capital gains tax. As I mentioned earlier, this is not a substitute for a qualified accountant. I would alway reccomend that you consult with a CPA or Tax Attorney for the latest changes in the law. You may still be subject to State Capital Gains Taxes.

News Briefs for the City of Quincy MA

HouseC21@yahoo.com (Dana Schatzl) — Fri, 13 Apr 2007 16:48:00 GMT

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 first in Quincy. A location has not yet been picked, but this is great news for dog owners. Once accomplished, dog owners would have a place to gather with other dog owners and get their pets some excercise at the same time.
This shows the City's commitment to making Quincy a welcome city for all.

Quincy Once Again Named a Tree City USA city.

Quincy was recently named a Tree City USA city because of it's commitment to planting and maintaining trees throughout the city. Quincy has had this honor for over 10 years now and is still planning to continue with their tree pograms.

Quincy Building New Track at Pageants Field.

A new regulation size track is going to be built at Pageant Field in the Merrymount section of Quincy at a cost of 1 million dollars. Quincy has upgraded many of the baseball and football parks and now the track enthusiasts are getting their new track. The loation at Pageant Field makes it accessible to both Highschools, being located between the two schools.

Housing Market Trends for the City of Quincy MA

HouseC21@yahoo.com (Dana Schatzl) — Wed, 04 Apr 2007 02:15:00 GMT

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

Average Sales Price: 274,839 Average Days on the Market: 48.59

A price increase of over 13% from 2000.

2002 Single Family Homes

Number of Sales: 415 Low Sales Price: 122,500

Average List Price:326,702 High Sales Price: 895,000

Average Sales Price: 315,189 Average Days on the Market: 52.13

An increase of over 13% from 2001.

2003 Single Family Homes

Number of Sales: 442 Low Sales Price: 160,000

Average List Price: 365,408 High Sales Price: 950,000

Average Sales Price: 352,504 Average Days on the Market: 61.66

An increase of over 10% from 2002.

2004 Single Family Homes

Number of Sales: 477 Low Sales Price: 115,000

Average List Price: 390,349 High Sales Price: 995,000

Average Sales Price: 377,794 Average Days on the Market: 58.79

An increase of over 7% from 2003.

2005 Single Family Homes

Number of Sales: 499 Low Sales Price: 110,000

Average List Price: 413,828 High Sales Price: 2,290,000

Average Sales Price: 398,028 Average Days on the Market: 76.80

An increase of over 5% from 2004.

2006 Single Family Homes

Number of Sales: 415 Low Sales Price: 160,000

Average List Price: 397,619 High Sales Price: 1,190,000

Average Sales Price: 380,659 Average Days on the Market: 100.29

A decrease of 5.5% from the peak market in 2005.

2007 Single Family Homes through June 27th.

Number of Sales: 184 Low Sales Price: 167,000

Average List Price: 387,680 High Sales Price: 1,901,828

Average Sales Price: 369,847 Average Days on the Market: 110.53

So far this year there has been a decrease of 3% from 2006. The number of sales at 184 for the first half of the year would put us on pace for 368 sales in Quincy this year, which is inline with previous years. Numbers have increased in the second quarter as compared to the slower first quarter. Both number of sales and sales prices have increased. This third quarter should show which way the market is headed. My opinion is that the worst is over, as long as interest rates do not continue to jump up, and there will be an increase both in number of sales and sales prices. Watch for next quarters results.

Want To Stop All The Credit Offers Coming In The Mail?

HouseC21@yahoo.com (Dana Schatzl) — Thu, 29 Mar 2007 16:24:00 GMT

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.

For More Information, Check Out The Web Site Here!

What's Happening in Quincy MA?

HouseC21@yahoo.com (Dana Schatzl) — Mon, 26 Mar 2007 16:36:00 GMT

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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.

Things To Do In Quincy

HouseC21@yahoo.com (Dana Schatzl) — Mon, 26 Mar 2007 00:23:00 GMT

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 both hockey league action and public skating times.

Check Out More Recreation in Quincy Here!

Several road races are held each year for those interested in jogging for a good cause. And Parades. In June every year the Flag Day Parade is held, and the Sunday after Thanksgiving each year is the annual Christmas Parade, which is the second oldest Christmas Parade in the Nation.

If you like siteseeing, Quincy has many Historic Sites worth seeing. The Adams National Historic Site where President John Adams and his family lived. The Adams birthplace in South Quincy, The First Commercial Railroad in America, and many more.

Check out the list here!

Check Out The Quincy Purple Pages for a Complete List.

If anyone has more suggestions for things to do in Quincy, please comment and we'll add it to the list.