A mailer from Corcoran that’s hitting local homes this week aims to provide a “quick reference guide for property owners with information about recent sales and market trends.” And it does just that, with a look at 28 homes that sold between February 2011 and February 2012.
However, the mailer might be a little misleading. Nowhere does it explicitly say that these homes were sold through Corcoran, but it doesn’t say they weren’t, either. And, as it turns out, many of them were not.
At least 10 of the homes listed were sold through Mary Kay Gallagher, three through Brooklyn Hearth, and others through Ditmas Estates, Prudential Douglas Elliman, and Warren Lewis Realty. And don’t think you’re going to get a steal like the $400,000 sale price of 455 Marlborough–according to public records, it looks like the deed was transferred within the family.
As for the trends noted in the report, they certainly indicate what we’ve been noticing. Property values are increasing in our area–the mailer notes that in the 4th quarter of 2012, the median price of single-family homes were up 27% from the previous year.
How do those increases affect the way you’re looking for property, if you’re on a home search right now? And are those of you currently receiving property tax notices feeling it, too?