The Boston2.com Real Estate Blog

Vacant House Threats: The Squatter Risk

Vacant House Threats: The Squatter Risk

Vacant houses happen for a host of reasons. People relocate. Someone passes away. An investment property that isn’t rented out immediately. 

The point is, vacancy happens. And an issue that is becoming worse and worse and about to be exasperated is people squatting in these properties leaving property owners nearly powerless. 

I know what you are thinking. Dad passed away last month and I finally came to the point where I have it in me to go over to their house and start cleaning it out and preparing it for sale… I go to open the door and find a family has moved in. 

I’ll just call the cops and they will get these criminals out of this house right away. 

Ha. Ya. No. 

The majority of states have laws that have made it exceedingly difficult to get squatters out once they have settled in. Someone who breaks into mom and dads house and establishes themselves there are granted tenant rights. Especially when they whip out that fake lease.

You heard that right. You need to evict them. This means that squatters could live in your parents property for months, maybe even years… All while not paying a dime and possibly ruining the property. 

This may make you sick. Well, if you are a good and honest person, then actually a lot of what I am about to show you and say to you will make you sick. 

Check out this post in a Facebook Group. This is a person who is squatting in a 3 bed house and has water and electric in their names and needs some tips. 

And sure enough. Another criminal is quick to jump in with tips of never leaving it empty. Putting a for sale sign in front of it and acting like it’s theirs. Hang real curtains. Paint the shutters. Meet the neighbors and act like you own...

Cape Cod Real Estate

The Cape had an interesting year. There was a lot of talk about how the Cape was struggling with the rental market. And that people who bought during Covid were losing some interest with their Covid purchases. 

So what did the data say for 2023? Which Cape Cod towns appreciated and yes… What Cape Cod downs DEPRECIATED. Yup. As a matter of fact, 4 Cape Cod downs depreciated in both Average Sale Price and Median sales price. Seven saw the average home price appreciate while five saw Median home prices decrease. 

So let’s get into it, but real quick… My name is Jeff Chubb and I am a retired investment banker turned real estate agent that has sold more than a 1,000 homes. If you have real estate questions, then I am here to help. 

Let’s start by working our way down. Starting with the top appreciating towns. 

Provincetown, or P Town leads the way seeing the average home price appreciated by 38.2% to $2.429 million while median prices increased by 22% to $2.050m. It’s important to note that Ptown saw a 42% decrease in the amount of Single Family homes sold. It’s kind of crazy. There were only 18 homes sold in 2023 which is compared to the 31 in 2022. Interested in checking out all Provincetown Homes For Sale

The second highest appreciating Cape Cod town is Bourne, Massachusetts. Bourne Homes For Sale saw 223 homes sell in 2023 which is compared to the 290 sold in 2022. This represents a 23.1% decrease in sales activity. Meanwhile the average home price was up 13.8% to $687,000 and the median price was up by 14.3% to $600,000. 

I am going to give Eastham the win for the...

Worst Depreciating Markets in Massachusetts for 2023

Top 10 MA Depreciation

Worst Market Crash… Predictions in history. Okay, I don’t know about history. But they were pretty bad predictions for the 2023 housing market. But not all markets saw home prices rise in Massachusetts. 

As a matter of fact, 50 out of the 252 housing markets saw home prices going down. And some of the names on the list may just surprise you! 

In this video we are going to go over the top 10 markets for SIngle Family homes in Massachusetts that saw home prices GO DOWN in 2023. So how did we come about this data? We used the primary MLS in the state which is MLSPIN. We excluded any towns that had less than 30 sales in either 2022 or 2023 as that is not enough data for a complete analysis. And that is it. Now let’s get into the data!

Real quick. My name is Jeff Chubb and I am a retired investment banker turned real estate agent that has sold more than a 1,000 homes. If you have real estate questions, then I am here to help. 

The 10th worst Single Family market in Massachusetts for 2023 was Merrimac, MA. Merrimac saw sales decline 30.8% to 36 units sold with an average sales price of $642,292. These are the Merrimac Homes For Sale. This sales price represented a 5.8% decrease in pricing from 2022’s average sale price of $681,874. 

The 9th worst market in Massachusetts for 2023 was Southampton, Mass. Southampton saw the amount of home sales down a whopping 50.7% in 2023 as there were 34 homes sold compared to the 69 in 2022. The average sales price fell 5.9% to $466,918 which is compared to the $496,028 sales price in 2022. 

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Massachusetts Real Estate Market Update for February 12 2024

YOUR Massachusetts Real Estate Market Update for the week of February 12th

The irresponsibility of our elected officials is uncanny. It’s basic economics that are making us all poorer each and every day. We are going to talk about that, plus what’s going on in the condo market? Inventory levels broke out of their winter range a little early… Could this be the answer to spring buyers' dreams? 

In this video we will go over the Single-Family and condo markets in the state of Massachusetts. And we will also do a quick interest rate update… And we will also talk about some relevant current events. 

There are some interesting developments in the data for both the condo and single family market. The question becomes… Will the trends continue? If so, then it may just be a better spring market then most had expected from an inventory standpoint… Interest rates are going to suck… A lot more than expected tho. So I guess that will make up for it.  

And maybe high interest rates aren’t necessarily a bad thing going into the Spring market. Maybe they will help tame some of this demand because the demand is making for some crazy scenarios. This weekend open houses were like college parties… People fighting to get through the door only to be shoulder to shoulder once you got inside. One offer situation was 11 offers and the house went for $130,000 over asking price. Another situation had 6 offers… And that was on an already $1.1 million dollar house. 

Hi I am Jeff Chubb – A recovering Investment Banker turned Real Estate Agent that sold more than a 1,000 homes. If you have any questions about the real estate market, then know I am here to help.

Also, I am looking to buy houses. Let me know if there are any houses that you are aware of that need a lot of Tender Love and Care. Friend. Family members. A random house that you drive by everyday...

Massachusetts Real Estate Market Update for February 5 2024

YOUR Massachusetts Real Estate Market Update for the week of February 5th

I know we are only a month into the year… But it’s a lot of what I am going to be talking about in the monthly recap that I post this weekend. If you are wanting to know what the market is going to be like this year… Then just look at last year. Because we are really going tit for tat. 

In this video we will go over the Single-Family and condo markets in the state of Massachusetts. And we will also do a quick interest rate update… And we will also talk about some relevant current events. 

Demand wasn’t as strong as last week, but it was right in line with this week last year in both the condo and Single Family markets. It’s a strong market and it’s going to stay that way and most likely get stronger. 

I know I have been a broken record on this one… But if you are a buyer looking to buy this spring, then save yourself possibly tens of thousands of dollars and start your search a little earlier. 

Hi I am Jeff Chubb – A recovering Investment Banker turned Real Estate Agent that has sold more than a 1,000 homes. If you have any questions about the real estate market, then know I am here to help.

Also, I am looking to buy houses. Let me know if there are any houses that you are aware of that need a lot of Tender Love and Care. Friend. Family members. A random house that you drive by everyday and is in shambles… The uglier, then the better! If you know of one, then please shoot me an email or visit CashOfferMA.com. 

Let’s get into it all and jump into the Single-Family market stats.

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Massachusetts Real Estate Market Update for February 2024

YOUR Massachusetts Real Estate Market Update for February 2024

It’s a new year which means it’s time to write a new book. And there were some pretty incredible stats in the first chapter of that new book. But then there were some cautionary figures as well. It’s all here in the January 2024 Massachusetts Real Estate Market Update. 

If you are looking to hear about the Massachusetts Real Estate Market data for Single Family Homes, Condos and Multi-Family properties… Then you are in the right place.

January and February are all so important because this is the setup to the Spring market which is when we see the peak of our sales levels… As well as pricing. Not sure which analogy to go on… Tennis or Football… Eh, let’s go football. It’s like a game of field position. Sellers want that ball as close to the 50 yard line as possible. Buyers want that ball pinned by the goal line. So where are we on the field??? Well, let’s find out. 

Real quick, my name is Jeff Chubb and I am a recovering Investment banker, turned real estate agent that has sold more than a 1,000 homes. If you are planning on buying or selling a home now or in the future, then it would be a pleasure to speak with you. 

Let’s start with Single Families

In January of 2024, we saw 2,088 Single Family homes sell for an average sales price of $739 thousand dollars. 

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