Louisburg Square South, Quincy Ma condo sales and reflection on the Quincy Ma condo market

Oct. 10, 2008 - PRLog -- QUINCY, MA –Madelene Semeria, Quincy MA resident and Quincy MA real estate agent reports on the market of local condominium development Louisburg Square South. As many people know, a common topic on everyone's mind these days is real estate. Talks of a declining market and possible recession has everyone on edge. But what does this mean to homeowners in Louisburg Square? The average sales price of condo units in Louisburg dropped 10% in 2007 from 2006. Research shows that the worst may be behind us, with 2008 sales prices estimated at a 1 - 2% drop from 2007. Buyers have access to a plethora of information through the internet and are well educated on current home values. Sellers have reacted to this by pricing their units slightly lower than years past in order to compete in today's market. Homeowners that are looking to sell their unit should also take into consideration that on average, the actual sale price of a unit will be 3% - 5% lower than the asking price.

"The market has seen an increase in buyer activity since the beginning of April, which is a positive sign that the market is ready to rebound," stated by Madelene Semeria Quincy resident and real estate agent for Century 21 Abigail Adams. Units that are currently on the market are experiencing a market time of 6 months. Sales in Louisburg have been stale over the past few months with the last sale occurring in Dec 2007. In the past three weeks, 2 units in our development have accepted offers to purchase and are scheduled to close by the end of May. Louisburg continues to be a desirable complex and the rest of 2008 looks bright!

Jan – April 2008 Sales Data:
Number of Units Currently on the Market: 7
Median List Price for units currently on the market: $323,400

Jan – April 2008 Sales History:
Median Sale Price 2007: $304,750
Median Sale Price 2006: $338,000
Median Sale Price for a 2 BR unit in 2007: $302,500
Median Sale Price for a 2 BR unit in 2006: $336,500
Median Price per Square Foot: $215 - $220

ABOUT MADELENE SEMERIA

Madelene Semeria, (http://www.Ma-HomesForSale.com) a Quincy resident, is a member of the National Association of Realtors and the South Shore Association of Realtors.  She has gained a great presence on www.Realtor.com by providing clients with enhanced listings, which gain over twenty times as much traffic as regular listings. Madelene Semeria strives to provide 100% professional quality service to all of her current and future clients. Madelene Semeria always goes that extra step for her clients. Madelene Semeria services Quincy, Weymouth, Braintree, Milton and surrounding South Shore areas. Madelene is a well rounded real estate marketing professional with a record of top performance in delivering successful marketing initiatives. A result oriented team player with a wealth of experience in marketing, internet marketing and public relations.
Madelene Semeria Real Estate Agent Quincy MA 617-894-1124 Ma_homesForSale@Yahoo.com

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Experienced Real Estate Agent working with home buyers and sellers. Creating aggressive marketing plans to get your home SOLD! I specialze in first time homebuyers, residential real estate, multi-family home purchases, condo puchases and much more!