North Reading

A Boutique business in a Box business world!

Personalized service is becoming a rare commodity in 2019.  From my own recent experience, you can travel from coast to coast and be surrounded by people but not interact with a single one.   Automation and artificial intelligence is taking over!  In some situations it makes perfect sense but in the real estate world with your biggest investment on the line you deserve more.  You deserve personal attention not a one size fits all box approach!    You deserve a local market expert!   You deserve a team approach where you are the top priority!  Farrelly Realty Group is just the firm you deserve. Geri Farrelly, the Broker/Owner of Farrelly Realty Group is keeping her firm "Boutique Size" where personalization is the corner stone of the business. Geri and her team believe "Your Roots are Their Foundation".  Check out the recent press on this unique personal approach to real estate.   

 

https://s3.amazonaws.com/files.usmre.com/6172/GERI%20FARRELLY%20(1).pdf

North Reading Community Spotlight: PARK AND RECREATION DEPARTMENT

We at Farrelly Realty Group like to say, Real Estate is local and we are as local as the come!  We understand that our clients are not just buying a house but searching for a home within a community they feel they can belong.  We are connected to the communities we serve and want our clients to feel satisfied with their home AND happy in their new community. We will be bringing a new series to you each month called our "Community Spotlight".   The series will highlight different aspects of the community in order to bring you that "hometown" feel right through the your device. So sit back, relax and learn more about the  North Reading and the Park and Recreation Department and all it brings to the residents of North Reading!

 

North Reading Community Spotlight Series- THE HORSESHOE GRILLE

We at Farrelly Realty Group like to say, Real Estate is local and we are as local as the come!   We understand that our clients are not just buying a house but searching for a home within a community they feel they can belong.   We are connected to the communities we serve and want our clients to feel satisfied with their home AND happy in their new community.  We will be bringing a new series to you each month called our  "Community Spotlight".   The series will highlight different aspects of the community in order to bring you that "hometown" feel right through the your device. So sit back, relax and learn more about North Reading and the Horseshoe Grille.  The Horseshoe is one of North Reading's establishments where locals go to enjoy food, drink and entertainment.   We hope to see you around town soon!

 

2018 Real Estate Year in Review

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Happy New Year! Here’s to a happy, healthy and prosperous 2019.

Many thanks to each of the community organizations and businesses that contribute to the town on various levels. These organizations contribute to making the Town of North Reading a very welcoming community.  As a life-long resident of North Reading, I have seen our small town grow substantially over the years.  I was fearful at times that it may lose its small town feel and most importantly, its sense of community.  I am happy to report that this has not occurred at all.  The most important aspects of community and caring for all residents, has continued to grow as the town has grown.

Where does North Reading stand regarding the Real Estate market? Well, this past year was a very complex year for Realtors, buyers and sellers. When you compare the Inventory from 2017 to 2018, it has shown a significant decrease in properties that were for sale across town and across all categories.

Here is a look at the North Reading 2018 housing market:

Single Family Homes:

In 2018 there were only 103 total sales in North Reading as compared to 177 in 2017.  The average number of days on the market was 39.62 and the average sale price was $621,800.  This represented a year over year increase of $26,682.  The decrease in available inventory increased the demand among willing and able buyers.  This resulted in an increase of final sale prices.  During the months of March through August we experienced multiple bidding wars on available properties. There was a dip in buyer activity during the weeks of September and early October, but we saw a significant up-tick by mid-October.  This continued right up until the week before Christmas.  We had 15 home closings during the month of December and saw 14 properties receive accepted offers and go under agreement during the final month of the year. There is a definite change occurring in our housing market.  The months during the spring and summer have traditionally been perceived as the prime “Selling Season”.  However, at one point this fall, we had more homes on the market than we did during the spring and summer months. What is the reason for this change? There are multiple reasons for this occurrence.  The primary reason this past year was that the federal government had announced rate hikes.  Several sellers saw what was happening in the earlier market and wanted to sell quickly in order to capitalize on the increased sale prices.

Condominiums:

In 2018 there were 37 total sales in North reading as compared to 53 in 2017.  The average number of days on the market in 2018 was 34.03 as compared to 44.31 in 2017. The average sale price in 2018 was $333,683, which represent an increase of $2,312. The price increase was not that significant given the decrease in inventory. I believe this is partially due to the new “55 Plus” development being built by Pulte Homebuilders on Lowell Street.  These garden style condominiums are being priced at levels which will allow North Reading residents, both past and present, to remain in town or to return to town in order to be closer to family.  I applaud Pulte for having this vision.  This has helped many seniors who otherwise may not be able to afford to stay in town.  

What Type of Market are we in?

 This is also a difficult question to answer due to many contributing factors.  Some properties received multiple offers in short order, which in turn created a bidding war.  However, other properties languished on the market and needed price adjustments before receiving offers.  Pricing your home correctly from the outset is a key factor in a successful and timely transaction.

Buyers today are extremely savvy and take full advantage of the many online resources available to them.  The old saying of “location, location, location” still holds true to this day.  However, a clear education and understanding of the Real Estate market is truly what is needed.  Real Estate is local, and it is not just local to a town, but to its specific neighborhoods.  I forecast that the housing market will continue to be strong and robust in 2019.  I do not foresee the frenzied market and crazy price increases we saw this past year.  I see more of a steady increase as supply continues to be lean and demand continues to be strong. The federal government stated that it will be some time before we see another hike in mortgage rates, which is great news for both buyers and sellers.

As you can see from the numbers, Real Estate continues to be a very wise investment and North Reading continues to be a very desirable community. I attribute this to our award-winning school system and the zoning bylaws that are in place, there continues to be a distinct line between residential and commercial bylaws.   The town’s close proximity to Boston and overall sense of community will always continue to appeal to buyers.

If you are considering a Real Estate transaction or if you have any Real Estate questions, please feel free to give us a call 978-664-3700. I have been a full time Realtor for the past 15 years and have been the most successful Realtor in North Reading for the past 7 years. The Realtors in my office are all North Reading residents and are involved in our community on a number of different levels.   We study the North Reading and surrounding markets daily and keep ourselves up to date with the changes occurring in the market on an ongoing basis. This has allowed us to sell our listings at 98% of original list price and receive multiple offers on 90% of our listings.

Once again, best wishes for a happy, healthy and prosperous 2019.

Top 12 Tips for a Safer Holiday Home

Our world is full of risk at every turn—from perilous jobs to dangerous driving conditions. That’s why we all love to get back to our homes and not worry about everyday safety hazards. It’s great to feel comfortable and safe at home, but is it as safe as it can be?

 

Your home should be your haven: the place where you will be protected from harm. It should be a top priority, and yet every year 1200 people or more visit the emergency room during the holiday months due to accidents and unintended injuries sustained from hidden dangers around the home.

 

With a sharp eye and preventive action you can reduce the chances of lurking safety dangers for everyone who visits your home.

 

The Top 12 Home Safety Tips

 

1. GOOD LIGHTING— Adequate lighting reduces the risk of tripping and falling both inside and outside your home. This is especially important in winters when days are shorter. Critical areas that need to be illuminated are the stairs, outdoors, and foyers. Make sure your street number is well lit and visible from the street to aid first responders find your home. The fix: Make sure adequate wattage is utilized and long-life bulbs and motion detectors are in place.

 

2. ELECTRICAL PROBLEMS?— Electrical issues, like a flickering light or a dead outlet, can be mild annoyances that actually signal serious dangers. If not addressed promptly, a faulty electrical system can result in house fires and shocks. The fix: If you’re experiencing any problems with your electricity, contact a professional right away. In your daily life, make sure electrical cords are not frayed or pierced and extension cords are securely connected. Do not run too many cords to a single outlet. Unplug small appliances, space heaters, and power tools when not in use.

 

3. DO ROUTINE CLEANING— Not maintaining your appliances leads to a greater chance of accidental home fires. The fix: Do simple tasks regularly like cleaning grease off your stovetop, emptying the lint trap on your dryer, and keeping your chimney clean and clear.

 

4. SMOKE AND GAS DETECTORS— Every home needs functional warning devices that detect smoke and gases. The fix: When purchasing smoke alarms, make sure they also detect carbon monoxide, a deadly gas that is especially dangerous because it is colorless and odorless. Replace the batteries every six months—or whenever you change your clocks. Create an emergency evacuation plan, build a preparedness kit, and practice regular safety drills with your family to ensure awareness of procedures.

 

5. SECURE YOUR HOME— Many homes now have the latest technological advancements but still rely on locks and hardware from decades ago to keep you safe from intruders. The fix: Do an audit of all entry points to your home—doors and windows and screens. If any do not have secure screens, locks, and deadbolts, have them installed. For those entry points that do already have door knobs, handles, and locks, make sure that they are in good working condition.

 

6. WHEN YOU ARE AWAY— We all enjoy long weekends and out-of-town vacations, but unfortunately that leaves your home vulnerable to intruders. The fix: Create the illusion that someone may still be there. Leave a TV or stereo on in the room where a burglar would most likely break in. Have neighbor pick up mail and the daily paper. Turn down phone ringers, keep blinds drawn, and don’t leave unsecured valuables in the home even if you think they are well-hidden. Never hide keys around the home or garden, and don’t leave notes on the door that suggest you are out of town.

 

7. HOUSEHOLD REPAIRS— Even if you are an expert and know your way around electrical, plumbing, car or other household repairs, proceed with caution. A poor repair could be a recipe for disaster. The fix: Call a professional or ask me for a referral from our trusted sources.

 

8. VEHICLE CAUTION— Remember that there is danger even before you drive on the street. If you are backing your car up, watch out for children and pets on the sidewalk and road. The fix: Be cautious and proceed slowly when driving vehicles in or out of your driveway. If your driveway does not have good visibility in both directions, walk down and look in both directions before you get in your car.

 

9. MAKE IT SAFE FOR VISITORS— If you are hosting friends and family, consider what additional safety challenges they may face. The fix: Put yourself in the shoes of a small child and look for low, hard edges, sharp objects, easy-to-open cabinets with chemicals and cleaning agents. Look for falling and tripping hazards that may fell seniors.

 

10. BRACE YOURSELF— Heavy objects are rarely braced in the home. Appliances, artwork, televisions, and aquariums present real hazards if they are knocked down by a person or a natural disaster. The fix: Strap and brace heavy objects and use security hardware for large artwork.

 

11. UNCOVER HIDDEN DANGERS— If your home was built before the late seventies, there’s likely lead in the paint under the top coats on your walls and windows, and there might be traces in the varnish used on many hardwood floors. In addition, asbestos often can be found in insulation and “popcorn” ceiling textures. The fix: Hire a licensed contractor to test for possible contaminants and remove them safely, especially prior to a remodel.

 

12. MOTHER NATURE— Your homeowners insurance will cover you in many instances, but did you know that you may not be insured against natural disasters like earthquakes, floods, tornadoes, and hurricanes? They typically require an additional policy. The fix: Contact your insurance agent to make sure you have adequate replacement coverage as home values escalate and coverage amounts can stay static. Discuss costs for adding disaster policies for the natural disaster most likely to hit your area. Finally, having a disaster and communication plan can minimize the risks.

 

Safety Dangers to Kids You May Not Think About

 

Do you have small children who live with you? Even if you don’t, with the holiday season rapidly approaching, your home may welcome friends with young children and older family members. This makes now the ideal time to survey home your home for potential safety problems.

 

OPEN WATER

Did you know that as little as an inch of water can be a major hazard? A pail of water in the yard, large puddles from a storm, even a washing machine can induce a small child to trip or fall into and become at risk. The fix: Watch for open ice chests and other standing water, and don’t leave toilet seats open.

 

SMALL BATTERIES

Button-sized lithium batteries power small electronic devices, including remote controls, watches, musical greeting cards, and ornaments. When accidently swallowed, they can get stuck in the esophagus and generate an electrical current that can cause severe chemical burns and tissue damage. The fix: Only let small children play with mechanical devices and toys under supervision, and make sure to put these items away when not in use.

 

WINDOWS AND STAIRS

Every year, more than 5,000 kids end up in the emergency room after tumbling out of a window. Combat that by installing window guards or window stops so kids can’t fall out. Stairs are another potential hazard for youngsters with less-than-perfect balance. The fix: Baby gates can prevent young kids from venturing up or down. Steps should always have firm footing and be clear of objects as even older people can slip and fall or trip on items left on the stairs.

 

FAMILY PETS

Cats can scratch a child not used to playing with finicky felines. The family dog may be big and loving but can outweigh a child by five times. Children can be easily knocked down, nipped, or even bitten by a dog not used to the activity of small children. The fix: Monitor play activity and make sure your pet is not getting anxious or annoyed.

 

CORDS

Babies can be strangled by cords on blinds and shades. The fix: Excessive cords of all types should be removed or secured down. Always keep cribs away from windows with loose cords.

 

Now’s the Time

With the upcoming holidays at hand, now is the perfect time to survey your home and address potential safety hazards to yourselves, your family, and your friends. It doesn’t take long, most fixes are very inexpensive and simple to do, and your efforts will pay dividends in peace of mind for years to come.

 

If you would like our advice on how to make your home safer or need a list of trusted sources for home repairs, please contact us today or visit our preferred vendor list at http://bit.ly/FRGPreferredVendors .  It’s our business to ensure that your home is safe and secure for your family. Happy Holiday’s from our family to yours!!