Shrewsbury MA Real Estate Market Update December 2018

Real Estate Market Update for Shrewsbury Massachusetts | December 2018

Hi again! I’m Maribeth Lynch from Thrive Real Estate Specialists, with your Shrewsbury market report through the end of December 2018.

We are experiencing a market shift that is undeniable. We have moved from a strong sellers market to a more balanced market favoring buyers. The combination of rising interest rates and higher home prices have worked towards a softening in the market. However, Shrewsbury continues to outperform most other comparable towns both in total units sold and pricing.

Shrewsbury’s market volume in 2018 was slightly behind that of 2017, although prices were up by 5% in 2018

Unit sales were up slightly in December but off 30% from last December.

We also saw a sharp fall off in the list price/sale price ratio which dropped to 94%. It was previously holding steady at 98 to 100%.
These two factors confirm the weakening market that we have been feeling.

Despite these downward trends, our days on market are still low, with an average of 50 days on market in December.

Our inventory of homes tells a similar story-with 82 units on market at the end of 2018—this is up 40% more than the previous two years. If you are a Buyer, this data present a clear message that 2019 will be a great year for you to buy.

Looking at the high and low of the Shrewsbury market in December, a condo sold for $133,000, and a beautiful home sold for $2,750,000!

If you are a buyer—NOW is the time to get serious about your search. If you are a seller, the condition, location and price point of your home will be the factors most impacting the bottom line.

We love working with buyers as well as representing sellers in Shrewsbury—if 2019 is YOUR year to buy or sell, give us a call!

That’s your Thrive Real Estate Market Report for Shrewsbury through December, 2018. Here’s to a great 2019 for all!

 

Recent Market Updates

 

November 2018 Real Estate Market Update for Shrewsbury MA

October 2018 Real Estate Market Update for Shrewsbury MA

September 2018 Real Estate Market Update for Shrewsbury MA

August 2018 Real Estate Market Update for Shrewsbury MA

July 2018 Real Estate Market Update for Shrewsbury MA

Lakeway Commons Shrewsbury MA

photo of the apartments at Lakeway Commons in Shrewsbury Massachusetts

Exciting Developments at Lakeway Commons

Entrance to the Lakeway Commons development in Shrewsbury

If you’re like me, you’ve watched with interest as the former Spag’s site has undergone a transformation into Shrewsbury’s newest shopping plaza. While anchor store Whole Foods is not yet open for business, construction is largely complete, and the plaza hosted its grand opening last month with a kick-off party that included discounts, giveaways, and prizes. The event also featured the unveiling of a memorial plaque commemorating the Spag’s legacy.

The development includes excellent new Shrewsbury dining options such as Burtons Grill and Tavern in the Square, which are both now open and offer excellent, allergy-friendly dining options with large seating in the bar areas and plenty of dining space – although I would recommend making a reservation when dining at either location with a large group, especially on weekend evenings. The new Starbucks location in the plaza includes a drive-through and a roomy seating area inside.

Tavern in the Square

Other new businesses include Especially for Pets, Orangetheory Fitness, the newest location of Jenny Boston Boutique, a UniBank branch, Scottrade, Tile Works, Massage Envy, Visionworks, Lunchbox Wax, and QDOBA. Many are already open for business, while Whole Foods is scheduled to open in January.

Lakeway Commons, the culmination of a revitalization effort by Grossman Development Group, also includes condos and townhomes. Parts of the site were rezoned to accommodate its new mixed-used classification. The apartment complex includes a pool, clubhouse, and rental garages as well as professional landscaping that incorporates trees and green space. One- and two-bedroom and studio apartments are renting now.

While as Lakeway Commons is opening its doors to Shrewsbury residents, nearby Marlborough is home to the new Apex entertainment complex, which features restaurants, shops, offices, and multiple entertainment venues that are sure to appeal to residents from the surrounding towns. These new developments, coupled with existing shopping and dining options and the bountiful opportunities for outdoor activities in the area add further incentive to live in this beautiful part of Central Massachusetts. While we may be saying goodbye to past icons like Spag’s, there are always new opportunities for our town to grow and attract dynamic businesses.

19-21 Sias Avenue Shrewsbury MA 01545

photo of 19-21 Sias Avenue in Shrewsbury MA 01545

Homes For Sale in Shrewsbury MA- 19-21 Sias Avenue

Just Listed by Thrive Realtors!

$305,000

Open House Sunday 9/10/17 11:00-1:00pm


 
Calling all fans of the classic American bungalow: we may have found your match. This home simply commands a presence on its incredible corner lot, with a porch and huge deck overlooking the big, flat yard. The new Lakeway Commons is just a short walk away from this tight-knit neighborhood. You’ll be able to roll out of bed and stroll over to Starbucks for your morning Joe. A Whole Foods and Burtons Grill will be pretty much in your backyard. But back to the house, which has been in the same family for the past 55+ years. Step inside to find beautiful hardwood floors, high ceilings, original moldings with some great wood grain, unusual grillwork set into the brick fireplace, a handsome staircase, and a flexible floor plan that allows you to maximize the interior space. Upstairs are three good-size bedrooms with ample closets for the era. Screened-in patio and detached two-car garage. Come usher this quintessential American home into its next chapter, which is sure to be a love story.  Showings start at Open House.

See the Full Listing

Call/Text Maribeth 508-641-9323 for more information

11 Heatherwood Drive Shrewsbury MA 01545

photo of 11 Heatherwood Drive in Shrewsbury MA 01545

Homes For Sale in Shrewsbury MA- 11 Heatherwood Drive

Just Listed by Thrive Realtors!

$509,900

Open House Sunday 9/10/17 12:30-2:30pm


 
Exceptionally well cared for Cape in coveted Saxon Woods! Freshly painted in soothing yet crisp colors inside AND out, this gem also has new Harvey 8-over-8 windows and new water heater. The foyer offers a teasing glimpse of the living room, flooded with natural light and graced with a granite fireplace. The heart of the floorpan is the dining room, with a lovely, lighted built-in cabinet and views of the great yard. Those gorgeous hardwood floors can be found in every room, including the kitchen, where you’ll find granite counters and cherry cabinets. There’s a first floor bedroom, plus a great full bath: glass shower, pedestal sink, timeless floor tile and beadboard. Three bedrooms and the second full bath are upstairs. Got stuff? No problem. This house has plenty of places to put it. Deck or patio? No need to choose: this home has both. The spacious breezeway can easily accommodate a drop zone as well as a pleasant sitting area. Partially finished LL w/ fireplace, two-car garage  Showings start at Open House.

See the Full Listing

Call/Text Maribeth 508-641-9323 for more information

Shrewsbury Rental- 6 Williamsburg Court #11

6 Williamsburg Court Shrewsbury MA

 

New Rental in Shrewsbury
Great Commuter Location!


Newly offered 1 BR/1 BA unit available in very desirable Williamsburg Court. Upgraded kitchen with granite counters, new tile floors & stainless appliances, adjacent dining area with extra cabinetry for storage. Large slider in living area with laminate hardwoods. Spacious bedroom with new carpeting and very large closet. Updated bath with new sink vanity and tile floor. Fresh paint throughout this bright & sunny unit. Fantastic second floor location with large balcony overlooking gorgeous landscaped grounds with a view of the pool. One deeded parking spot. Heat, hot water, swimming pool included, laundry facilities on site. New AC units with remote controls. $1275/mo
 

View the Photo Gallery

 

See the full listing for 6 Williamsburg Court #11

 

Call Stacey for more information 508-380-6077

2015 Home Sales


 

2015: A Year in Review
by Thrive Realtors


We at Thrive Real Estate Specialists want to send our deepest thanks to those who made our first full year in business a huge success. The greatest achievements in any organization are made up by the small steps we take each day to service and respond efficiently to our clients. We thank each and every person who have helped us build our brand and have entrusted us with their business. May you THRIVE in 2016!

Open House 30 Monadnock Drive Shrewsbury MA October 25

Open House 30 Monadnock Drive Shrewsbury MA
 

Open House 30 Monadnock Drive Shrewsbury MA- October 25, 2015 12-2pm

Come and view this gorgeous custom built Tomaiolo home in excellent location close to everything. Step inside this beautifully appointed home and be prepared to fall in love. Starting with classic architectural details in the foyer, gleaming hardwoods with entry into the formal dining room and living room. The kitchen has cherry cabinets, granite and a generous eating area with access to the back patio. The step-down family room is quite large and has a brick fireplace, skylights and is easily accessible from the kitchen. With a back mud room and two car garage, the first floor will meet and exceed all of your needs. The second floor has 3 large bedrooms, a double vanity bath and a master suite with huge walk in closets, bath with soaking tub and shower and access to the attic over the garage. The lower level is beautifully finished with a full bath, storage closet and room for all of your entertaining needs. All of this on a stunning lot with premium landscaping and superb location.
 

View the Photo Gallery

Click here to view the full photo gallery
 

View the full listing

Click here to view the full listing
 
For more information, call Maribeth at 508-641-9323 or email her at maribeth@thrivereators.com.

Open House 61 Hillando Drive Shrewsbury MA Sunday 9-27-15

Homes for Sale Shrewsbury Ma- 61 Hillando

Open House in Walnut Ridge Estates in Shrewsbury

Sunday, September 27, 2015 from 12:00-2:00pm

 


This Walnut Ridge Estates home has just about everything you are looking for! Bright and sunny with french doors leading into the formal dining room just adjacent to a cozy sitting room-both with hardwood floors. The family room features a brick fireplace and opens into the kitchen. Designed for cooking and entertaining, the kitchen is filled with cabinets and offers access to the large deck and first floor laundry. The second floor welcomes you with a large master, two more ample bedrooms and even a small office. The partially finished lower level offers a slider to your outdoor “living room”, tucked under the deck with views of a beautiful wooded backyard. Speaking of your backyard… while sitting on your large deck or outdoor spaces you will enjoy the soothing sound of a backyard waterfall complete with pond. All of this with gas heat, central air, a walkable neighborhood and Shrewsbury’s award winning schools!

View more photos here

Call or Text Maribeth for more information 508-641-9323

Click Here To View the full listing for 61 Hillando Drive Shrewsbury MA

School System another Great Reason to Buy a Home in Shrewsbury MA

Shrewsbury School System a Great Reason to Buy a Home in Shrewsbury

Shrewsbury Education Makes the Grade

by Maribeth Lynch, Thrive Real Estate Specialists

 

Last month, just before students around the country headed back to school, Newsweek published a list of this year’s top public high schools in the U.S. The magazine collected data about which schools turn out students who are best prepared for college, assessing variables such as graduation rates, test scores, percentage of students bound for college following high school, and school poverty rates.

Newsweek partnered with research firm Westat to collect information from more than 16,200 schools around the country before coming up with a “short list” of about 4,800 schools with the highest levels of college readiness. The magazine’s final cut included only the top 500 public high schools around the nation. I’m proud to say that a number of high schools in Massachusetts made the list. And of that top 500, Shrewsbury High School was ranked 128.

With a student retention rate of 99% and a graduation rate of 98.7%, Newsweek reports that 96.2% of students who graduate from Shrewsbury High School are bound for college.

As the parent of three Shrewsbury High School graduates, I am delighted to learn just how top-notch Shrewsbury education is considered on a nationwide scale. Shrewsbury High’s ranking on this list sends the message that Shrewsbury values education, invests in our students’ learning, and provides a pathway to continuing education at the college level.

As icing on the cake, I did a little comparison to check into the value of that quality education that Shrewsbury students receive. There were seven Massachusetts towns with high schools ranking above Shrewsbury High on Newsweek’s list. The average tax bills for those towns are as follows:

Dover: $13,295 (#16)
Medfield: $9,954 (#52)
Weston: $17,832 (#54)
Newton: $10,091(#67)
Westwood: $9,999 (#75)
Hopkinton: $8,885 (#93)
Hingham: $8,679 (#115)

Meanwhile, the average Shrewsbury tax bill is an astonishing $5,030 – dramatically lower than all of the other high schools in the state with high rankings. For the money that Shrewsbury homeowners are paying, the quality of the education that Shrewsbury students receive is second to none. Shrewsbury’s talented educators are able to do less with more, and it reflects on a national level. Kudos to all of those who are involved in managing our town’s budget – these results don’t occur without a high degree of attention to every detail.

To me, nothing says community commitment better than the quality of a town’s education. A dedication to education results in critical thinkers – the young adults who cultivate a passion for changing the face of the future, and who are ultimately the achievers of the next generation.

Nelson Mandela once said, “Education is the most powerful weapon which you can use to change the world.” And we’re fostering that motivation to change the world right here in Shrewsbury.

To read the full article visit: http://www.newsweek.com/high-schools/americas-top-high-schools-2015
To learn more about the Shrewsbury school system click here.

To learn more about buying a home in Shrewsbury Ma, give Maribeth a call/text at 508-641-9323 or email her at maribeth@thriverealtors.com

Click here to start searching for homes for sale in Shrewsbury MA

Fall Can Be Your Best Friend When You Want to Sell

Fall in New England

Maribeth Lynch, Owner/Broker

Thrive Real Estate Specialists

Most people probably think of springtime when they think about selling a home. But did you know that fall is actually the second busiest time of the year for real estate?

The autumn months are a wonderful time to consider selling your house. Buyers have fewer homes to choose from than during the hectic spring months, and less inventory means less competition from other sellers. Vacationers have returned home from their summer travels and kids are back in the routine of school. The heat is dying down and humidity levels are finally tolerable after a long summer. And the fall is a stunning time of year, especially in New England, when the foliage bursts into color, mums brighten lawns and doors with warm splashes of color, and the weather holds the crisp promise of cozy nights by the fire.

When I think of fall, I think of warmth. Fall is the time when we pull out our sweaters, start cooking comfort foods, and fill our homes with rich, warm colors like yellows and oranges. Fall is a warm apple crumble and an autumn wreath on the front door. And you can use these enticing colors and aromas to help you sell your home.

Curb appeal is important in any season, but it can be especially welcoming during the fall. Consider decorating your yard and front steps with planters of seasonal flowers, pumpkins and gourds, and ears of Indian corn. One of the season’s challenges can be keeping up with all those falling leaves, but you can cut down on the time it takes by making it a family activity or hiring a service for a month or two.

Carry fall colors inside your home with flowers, fruits, and decorative throw pillows in warm tones. Buyers will be drawn to houses that feel homey, and scents like cinnamon and pumpkin make a house cozy. Autumn sees the days begin to grow short, and you’ll want to make sure that there is plenty of light indoors so that visitors can see all of your home’s wonderful features. As the hours of natural light dwindle, add lamps and accent lighting.

No discussion of fall would be complete without mentioning the holidays. Decorating for holidays like Halloween, Thanksgiving, and Christmas can really make a home stand out if done right. What buyer doesn’t want to imagine celebrating the holidays in a new home? Just make sure that you keep decorations understated and tasteful rather than bold and dominant. Seasonal accents should harmonize with your home’s style rather than clash with it.

As I write this, I’m starting to get excited for the cooler weather and dramatic changes to the scenery that fall brings. It’s a gracious season and a fortuitous time to think about selling your home.

Would you like to know more? Visit http://www.thriverealtors.com for more information!

From Our Blog

Shrewsbury Real Estate Market Update

Send A Message

Contact Info

Thrive Real Estate Specialists
Maribeth Lynch
26 Maple Ave.
Shrewsbury, MA 01545
Direct: (508) 641-9323
Maribeth@ThriveRealtors.com

Thrive Realtors, Real Estate, Shrewsbury, MA