The market for Highwood condo units picked up in 2012. The average sales price of condominium units at Highwood in Franklin, MA rose a rousing 11.1% for the year! It was the first annual sales price increase at Highwood in the last 7 years. Average sales price up, days on market down The average sales [...]
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Highwood Condos
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[post_content] => The market for Highwood condo units picked up in 2012. The average sales price of condominium units at Highwood in Franklin, MA rose a rousing 11.1% for the year! It was the first annual sales price increase at Highwood in the last 7 years.
Average sales price up, days on market down
The average sales price of condominium units at Highwood rose to $163,680 in 2012, up from $147,313 in 2011. It was the first increase in Highwood's average annual sales price since 2005.
In another good sign for the Highwood condo community, the average time it took to sell units at Highwood dropped sharply in 2012. Average days on market (DOM) was 90 in 2012, way down from the appallingly high of 354 DOM seen in 2011.
Location of 2012 Highwood sales
The map above shows where in Highwood unit sales took place in 2012.
Download full sales report
Follow the above image or the hotlink to download the full report on the 2012 market for Highwood condos.
Where is the market for Highwood condos headed in 2013?
The 11.1% increase in average sales price at Highwood last year is very welcome news after so many years of falling condo values at this attractive condo community in Franklin, MA. The increase is especially encouraging in light of the pronounced vigor in the overall Massachusetts housing market throughout 2012: single family home sales volume in the Bay State rose a staggering 22% in 2012.
2013 has gotten off to a strong start, with many buyers actively looking to buy homes. So 2103 may see continued strengthening of demand for Highwood condos.
If you have any questions about how your Highwood unit stacks up in the local market in terms of price, features and amenities, I would be happy to assist you. I’ll prepare an in-depth Home Market Analysis for your Highwood home. Just give me a call at 508-613-2889 or email me. No cost or obligation!
Copyright ©2013 02038.com
[post_title] => Prices rise 11 percent at Highwood condos in 2012; first increase since 2005
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[post_content] => I recently listed and sold a condo at Highwood in Franklin, MA. The sellers took the time to write a letter of recommendation on my behalf. They were very generous in their comments about my services as a listing agent; so much so, I share the entire review with you below.
"The best real estate agent we have ever encountered"
Warren can help you too
That's quite some recommendation! You can learn more about me here.
If you are thinking of selling your home in Franklin, please contact me. I will do my utmost to serve you well and get your home sold quickly for the best price possible!
Copyright ©2012 02038.com
[post_title] => High praise for Warren Reynolds from Highwood sellers
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[post_content] => The first half of 2012 saw an improving outlook for condo sales at Highwood in Franklin, MA. The average sale price at Highwood would have risen significantly during the first half of the year, but for the sale of one Highwood unit at a shockingly low price. This discounted price skewed the average selling price at Highwood for the first 6 months of the year downward and marred what would otherwise have been upbeat first half 2012 stats at this well-regarded condo community in Franklin, Massachusetts.
Three Highwood units sold
Three condo units sold at Highwood during the first half of 2012.
This compares favorably to the two sales for the same period in 2011.
Average days on market fell sharply from 2011’s level, a good sign for the future marketability of Highwood units.
Average selling price lower
At $157,700, the average sale price at Highwood during the first 6 months of 2012 was 8.7% lower than the average selling price for the same period the prior year. But that is a misleading statistic due to the very low selling price of one of the units.
Lowest price since 1998
41 Highwood Drive was an estate sale that closed in June 2012. This garden style unit fetched an exceedingly low price of $87,500. The sale of Unit 41 distorted the average selling price at Highwood for the first half of 2012. In fact, Unit 41 is the lowest priced unit to sell at Highwood going back to 1998 in the MLS records!
$192,500 average sale price
If you remove that Unit 41 from the 2012 sales mix, the average selling price at Highwood becomes $192,500. This is much more representative of current values of townhouse units at Highwood and would be the highest average selling price there in the last few years.
Click here or on the image below to download a comprehensive report on all three of the unit sales at Highwood in Franklin, MA for the first half of 2012.
MA real estate doing better in 2012
The MA real estate market showed quite a lot of life in the first half of 2012. Home sales were way up and there were plenty of buyers actively looking and making offers. This should bode well for Highwood for the rest of 2012.
You can read a full report on the first half 2012 real estate market in Massachusetts by clicking the hotlink.
What's your Highwood unit really worth?
If you own a unit at Highwood and are thinking of selling, now is the best time in years! Buyers are plentiful and interest rates are at historic lows.
Click the hotlink to get a free, no obligation value analysis of your home from an expert at selling condos in Franklin!
Copyright ©2012 02038.com
[post_title] => Condo sales at Highwood in Franklin, MA for the first half of 2012
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[post_content] => Just about the best things you can say about sales activity at the Highwood Condominiums in Franklin, MA in 2011 is that it took place last year and so few units sold!
Last year is suddenly looking “so last year”
Real estate markets constantly are on the move. Trends can change direction on a dime.
January 2012 turned out to be a very strong month for home sales in Massachusetts:
These home sale results were the best for any January in MA since 2007! Pending sales were also up.
So Highwood owners may enjoy much better home selling conditions in 2012 than they did in 2011. Good bye 2011!
A tiny sample makes for suspect stats
Only 5 out of out of a total of approximately 180 condos at Highwood changed hands during all of 2011.
The dearth of sales in 2011 can be viewed as a good thing. It makes for a very small sample of unit sales from which to derive an average selling price at Highwood for 2011. This in turn casts doubt on the accuracy and reliability of the statistical 2.6% decrease in the average selling price at Highwood for the year.
The average selling price of units at Highwood in 2011 fell to $151,030 in 2011 from $154,983 in 2010.
Highwood owners should be encouraged that, due to the small number of units that sold in 2011, the average selling price figure may understate the true market value of homes in the Highwood community.
To give you some context for 2011's sales volume at Highwood, while there were a relatively meager 6 Highwood sales in 2010, a whopping 17 units sold at the community back in 2009.
2011 sales at Highwood
The chart below provides a summary of last year’s sales at the Highwood Condominiums in Franklin, Massachusetts:
As you can see, 2 of the 5 transfers were short sales and a third sale involved a vacant unit. All 3 of these condominiums finally sold at discount prices after extensive time on the market.
The most challenged transaction was at 38 Highwood Drive which was a superb deal for the eventual buyer. It was a nice townhouse in Highwood I. The unit sold after an astounding 2.3 years on the market for $130,000, an huge 45% discount off its original $238,000 asking price. Short sales often entail delays, illogical lender decisions and unpredictable outcomes, but this transaction was out of the ordinary!
Details of each sale
Click the image above or the hotlink to download a .pdf file with detailed information on each of the 5 sales at the Highwood condo community for 2011.
Looking towards a better 2012
There's a lot of reasons to believe 2012 will be a much better year than 2011.
A number of forecasts for 2012 have issued that point to a healthier 2012 for the Massachusetts economy and real estate market by a variety of global financial services firms and
Click the image below or the hotlink to access a helpful summary of these predictions.
The Massachusetts economy should continue to outperform the US economy in 2012.
The national jobs report for January 2012 came in very strong.
The local employment picture should also keep improving, which bodes well for real estate in MA.
If these predictions hold true, sales activity at Highwood will be on the upswing in 2012 and beyond!
Thinking of selling your Highwood unit?
Warren Reynolds has created great content on the web to sell Highwood units, including exclusive Youtube videos of the community.
Warren will help you position and price your Highwood condo properly so that it sells quickly and for top dollar.
Ask Warren for a Home Value Report for your condo unit. It’s you best first step to home-selling success!
Copyright ©2012 02038.com
[post_title] => Highwood Condos 2011 Market Report
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[post_content] => The Highwood condominium community in Franklin, MA comprises about 180 homes nestled on spacious grounds on a gently sloping hillside. Greenery and mature trees abound.
Three phases
Highwood was constructed in three phases. Each phase used distinctively different plans and construction materials.
Highwood I
Highwood I is brick construction. It has garden condominium units, townhomes and ranch-style units. Heating is by heat pump and each unit has central air conditioning.
Highwood II
Units in Highwood II have wood exteriors with a Tudor look. Highwood II also has garden condominium units, townhomes and ranch-style units. Heating in Highwood II units is by electric baseboard. Air conditioning is provided via individual wall mounted air conditioners.
Highwood III
Highwood III is the youngest construction at Highwood. It is characterized by vinyl exteriors. All units are townhomes with some ranch-style units. All homes in this phase have electric baseboard heat and wall air conditioners. Unlike earlier Highwood phases, some units in Highwood III have basements.
Convenient location
Highwood has a superior location in Franklin, Massachusetts.
It is minutes from a large shopping center and lots of other stores, Interstate 495 and a commuter rail station with train service to Boston.
Franklin High School and a public ice skating rink are within walking distance of the Highwood community.
Video introduction
The following video will give you a brief introduction to the Highwood community:
Copyright ©2011 02038.com
[post_title] => Introducing Highwood condos in Franklin, MA
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[post_content] => Highwood I was the first phase of construction at the Highwood condominiums in Franklin, MA. 59 condo units were built in this phase between 1976 and 1979. It is the only Highwood phase with brick exteriors.
Living areas range between just under 1,000 sf to just over 1,400 sf. Floor plans include two story townhomes, garden condo units and some one level ranch-style homes.
Video of Highwood I
Below is a video detailing the townhouse and condominium homes at Highwood I:
Unit features
Most homes at Highwood I offer two bedrooms; a few larger units have a third bedroom.
Heating is by electric heat pump; all units have central air conditioning.
No units have basements. Parking is in designated parking areas.
Balconies or patios
Most of the townhome and garden condominium units at Highwood I have either balconies or patios.
The above photo is of an enclosed patio at Highwood I.
Wooded views
Generous spacing between buildings and full-grown trees create pleasant views and increase privacy for the homes at Highwood I.
Copyright ©2011 02038.com
[post_title] => Highwood I – first phase at Highwood condos in Franklin MA
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[post_content] => A different builder brought a fresh approach to Highwood II, the second phase of construction at the Franklin, Massachusetts townhouse and condo community.
Distinctive Tudor look
Exteriors are wood with Tudor ornamental facades.
There are 56 homes at the Highwood II condominiums in Franklin, MA.
Construction began in 1981 and the phase was completed in 1984.
Video of Highwood II
The video below gives an overview of Highwood II:
Unit details
The smallest units at Highwood II are just under 1,000 sf. The largest residences are just over 1,500 sf.
There are two story townhomes, garden condo units and a number of one level ranch-style homes.
A distinctive feature of townhouse units at Highwood II are the impressive brick fireplaces.
The majority of homes at Highwood II have 2 bedrooms.
Heating is by electric baseboard; cooling is via individual wall units.
Balconies, patios and extra storage
Most homes at Highwood II have balconies or patios.
A nice extra at Highwood II are the individual storage areas.
The additional storage comes in handy!
Copyright ©2011 02038.com
[post_title] => Highwood II – second phase at Highwood condos in Franklin MA
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[post_content] => Highwood III marks the third and final phase at the Highwood condominiums in Franklin MA. 68 townhouse units were built in 1985 and 1986. Size of units ranges between just under 1,000 sf to just over 1,450 sf. Heating is by electric baseboard. Wall AC units provide cooling.
Video of Highwood III
The video below reviews the Highwood III townhouse community in Franklin, Massachusetts:
What’s different at Highwood III
Highwood III incorporates several notable changes in building plans and construction materials compared to past phases at Highwood in Franklin, MA.
Vinyl was used for exterior siding.
Garden condo units were discontinued; Highwood III has only townhouse and ranch-style units.
And many units at Highwood III offer the benefits of basements.
Many of these basements have been finished, increasing the useable living area of the units.
With its top-of-the-hill location, Highwood III was a nice way to close out construction at the Highwood condominium community in Franklin, MA!
Copyright ©2011 02038.com
[post_title] => Highwood III – final phase at Highwood condos in Franklin MA
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[post_content] => The Highwood condo community in Franklin, MA offer residents a wonderful location near shopping, commuter and recreational resources.
Near Interstate 495 and commuter rail
Highwood is minutes to the main commuter highway serving the region and one of the commuter rail stations in Franklin, MA.
Plentiful shopping close by
Highwood is very close to quite a lot of retail stores and service providers.
Ice rink and high school
A public ice skating rink and the Franklin High School are within walking distance from Highwood!
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[post_title] => Highwood condos have great location in Franklin MA
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[post_content] => The Highwood condos in Franklin, MA are a short drive to exit 17 on Interstate 495, the main commuter highway in the region. Those taking the train to Boston will be pleased that the Forge Park station is about 5 minutes away from Highwood.
Video of commute from Highwood
Here is a video showing how quickly you can drive from Highwood to Interstate 495 and the Forge Park commuter rail station in Franklin, Massachusetts:
Two commuter rail stations in Franklin, MA
Franklin is fortunate to have two commuter rail stations: Forge Park (just to the west of Interstate 495) and the Dean College station (in the heart of Franklin's downtown area).
Highwood is close enough to both stations that residents of that condominium community could use either station for their commute to Boston.
Unless you get up and out to work early, you may find that getting parking is easier at Forge Park, however. The Dean College station parking lot fills quickly.
Copyright ©2011 02038.com
[post_title] => Highwood condos convenient for commuters
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[post_content] => The market for Highwood condo units picked up in 2012. The average sales price of condominium units at Highwood in Franklin, MA rose a rousing 11.1% for the year! It was the first annual sales price increase at Highwood in the last 7 years.
Average sales price up, days on market down
The average sales price of condominium units at Highwood rose to $163,680 in 2012, up from $147,313 in 2011. It was the first increase in Highwood's average annual sales price since 2005.
In another good sign for the Highwood condo community, the average time it took to sell units at Highwood dropped sharply in 2012. Average days on market (DOM) was 90 in 2012, way down from the appallingly high of 354 DOM seen in 2011.
Location of 2012 Highwood sales
The map above shows where in Highwood unit sales took place in 2012.
Download full sales report
Follow the above image or the hotlink to download the full report on the 2012 market for Highwood condos.
Where is the market for Highwood condos headed in 2013?
The 11.1% increase in average sales price at Highwood last year is very welcome news after so many years of falling condo values at this attractive condo community in Franklin, MA. The increase is especially encouraging in light of the pronounced vigor in the overall Massachusetts housing market throughout 2012: single family home sales volume in the Bay State rose a staggering 22% in 2012.
2013 has gotten off to a strong start, with many buyers actively looking to buy homes. So 2103 may see continued strengthening of demand for Highwood condos.
If you have any questions about how your Highwood unit stacks up in the local market in terms of price, features and amenities, I would be happy to assist you. I’ll prepare an in-depth Home Market Analysis for your Highwood home. Just give me a call at 508-613-2889 or email me. No cost or obligation!
Copyright ©2013 02038.com
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Prices rise 11 percent at Highwood condos in 2012; first increase since 2005
by Warren Reynolds on February 6, 2013
High praise for Warren Reynolds from Highwood sellers
by Warren Reynolds on October 31, 2012
I recently listed and sold a condo at Highwood in Franklin, MA. The sellers took the time to write a letter of recommendation on my behalf. They were very generous in their comments about my services as a listing agent; so much so, I share the entire review with you below. “The best real estate [...]
Tagged as: Highwood Condos, Home Seller Tips
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Condo sales at Highwood in Franklin, MA for the first half of 2012
by Warren Reynolds on July 19, 2012
The first half of 2012 saw an improving outlook for condo sales at Highwood in Franklin, MA. The average sale price at Highwood would have risen significantly during the first half of the year, but for the sale of one Highwood unit at a shockingly low price. This discounted price skewed the average selling price [...]
Tagged as: Highwood Condos
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Highwood Condos 2011 Market Report
by Warren Reynolds on January 24, 2012
Just about the best things you can say about sales activity at the Highwood Condominiums in Franklin, MA in 2011 is that it took place last year and so few units sold! Last year is suddenly looking “so last year” Real estate markets constantly are on the move. Trends can change direction on a dime. [...]
Tagged as: Highwood Condos
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Introducing Highwood condos in Franklin, MA
by Warren Reynolds on January 13, 2011
The Highwood condominium community in Franklin, MA comprises about 180 homes nestled on spacious grounds on a gently sloping hillside. Greenery and mature trees abound. Three phases Highwood was constructed in three phases. Each phase used distinctively different plans and construction materials. Highwood I Highwood I is brick construction. It has garden condominium units, townhomes [...]
Tagged as: Condos, Highwood Condos
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Highwood I – first phase at Highwood condos in Franklin MA
by Warren Reynolds on January 13, 2011
Highwood I was the first phase of construction at the Highwood condominiums in Franklin, MA. 59 condo units were built in this phase between 1976 and 1979. It is the only Highwood phase with brick exteriors. Living areas range between just under 1,000 sf to just over 1,400 sf. Floor plans include two story townhomes, [...]
Tagged as: Condos, Highwood Condos
{ 1 comment }
Highwood II – second phase at Highwood condos in Franklin MA
by Warren Reynolds on January 13, 2011
A different builder brought a fresh approach to Highwood II, the second phase of construction at the Franklin, Massachusetts townhouse and condo community. Distinctive Tudor look Exteriors are wood with Tudor ornamental facades. There are 56 homes at the Highwood II condominiums in Franklin, MA. Construction began in 1981 and the phase was completed in [...]
Tagged as: Condos, Highwood Condos
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Highwood III – final phase at Highwood condos in Franklin MA
by Warren Reynolds on January 13, 2011
Highwood III marks the third and final phase at the Highwood condominiums in Franklin MA. 68 townhouse units were built in 1985 and 1986. Size of units ranges between just under 1,000 sf to just over 1,450 sf. Heating is by electric baseboard. Wall AC units provide cooling. Video of Highwood III The video below [...]
Tagged as: Condos, Highwood Condos
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Highwood condos have great location in Franklin MA
by Warren Reynolds on January 13, 2011
The Highwood condo community in Franklin, MA offer residents a wonderful location near shopping, commuter and recreational resources. Near Interstate 495 and commuter rail Highwood is minutes to the main commuter highway serving the region and one of the commuter rail stations in Franklin, MA. Plentiful shopping close by Highwood is very close to quite [...]
Tagged as: Condos, Highwood Condos
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Highwood condos convenient for commuters
by Warren Reynolds on January 13, 2011
The Highwood condos in Franklin, MA are a short drive to exit 17 on Interstate 495, the main commuter highway in the region. Those taking the train to Boston will be pleased that the Forge Park station is about 5 minutes away from Highwood. Video of commute from Highwood Here is a video showing how [...]
Tagged as: Condos, Highwood Condos
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