“Home Market on the Rise”
“Home Sales Climb Again in Mass.”
“Area Prices, Sales Suggest Fears Ebbing”
And, this was only in one article in the Boston Globe on one day. And the Globe is not alone. A recent Wall Street Journal article was headlined “Home Prices Rise Across U.S.”
The long awaited recovery in the single family home sale market has now officially arrived. The national and regional newspapers have picked up the story, but, as usual, they are not as quick to understand a trend as is the average regular home buyer.
According to Bill Mullin, Chief Operating Officer of Thorndike Development, “we have sold 10 homes in the last 8 weeks. And, no surprise, the buyers have an intuitive time of when the market has bottomed out and now are signing up.”
The recovery is occurring in all three of Thorndike’s current developments, Red Mill Village in Norton, WestRidge in Hudson and Thorndike at the PInehills in Plymouth. As is typical, traffic at the Thorndike sales centers spiked up with visitors, both new and old, who seemed much more ready to commit. According to Olimpia Carmone, Sales Director of Red Mill Village, “Our homebuyers have told us that they are tired of putting their lives on hold and, with the recovery in the stock market and the real estate market underway, they are ready and “thirsty” to get on with it.”
Thorndike recently lowered the prices on most of their offering at both Red Mill Village and WestRidge as an acknowledgment that the market has changed. “Nobody is smarter than the market”, said Lloyd Geisinger, President of Thorndike, “and we need to make sure that we are not only the best product in that market, but also the best price for that product.”
New attached homes begin as low as $339,000 and new detached homes begin as low as $429,000. “There is no better time to buy a home at Red Mill Village”, said Olimpia Carmone. And, truth be told, there is no better time to buy a new home at Westridge and Thorndike at the Pinehills as well.
Don’t be left out!
