This Melville Park Victorian blends yesterday’s charm with updates for today’s life style. Meticulously maintained, this home features a spacious floor plan, 9.5 ft ceilings, 3 new baths, rear deck, central air and a beautifully designed master suite. The cathedral ceiling, skylights, walk-in closet, private balcony and greenhouse bath give the master suite a unique character and feel.

This home is unique and filled with detail and architectural wood work that gives it a quiet elegance. The Melville Park Neighborhood also provides the convenience of being close to public transportation, shopping and numerous amenities. The close vicinity to Downtown Boston makes this home the ideal fit for some one looking to purchase a spacious and beautifully updated home within the City Of Boston.

Although the year to date (YTD) Dorcheser inventory is slightly higher than last year, the Dorchester YTD Average sales price is up by 12% and the average days on market went from 122 days to 77 days, a drop of 37%. These numbers clearly indicate signs of a recovery. As the market begins to rebound it has never been more critical for buyers to “get off the fence” and get into the game. Furthermore, it appears that we may have already seen the bottom of theDorchester market. If you are considering buying real estate and are uncertain of when to purchase a home, the time is now. In addition to getting in while the values are low, you can also take advantage of historically low interest rates. The only way to know when we have seen the bottom of the market is when we start to come back up. Again, Dorchester YTD Home values are up 12%. What more can I say.

Dorchester Real Estate Report

As of August 19th 2009, the On-Market inventory In Dorchester has increased. Lets take a look at the numbers:

Total Inventory was 353 on August 19th 2009 and has increased to 393 in 2010 an 11% Increase

The Average Number of Days on Market was 133 Days in 2009 and is now 120 Days a 10% Decrease

The average list price was $296,847.00 and is now $300,445.00 a %12 Increase

It is important to note that the on market inventory for the same time in 2008 was 723. Although the inventory is up from last year, The average number of days On-Market is down 10% and the average list price is up 12%. This numbers indicate that market is getting stronger. Even though the inventory is slightly higher than last year, the average list price has increased and homes are selling quicker. This is a good time to buy as it looks like we may have already hit the bottom In the Dorchester Market.

Newly listed Dorchester Single Family is a gut rehab but with a little work can easily be completed . The Property is a 3 level brick brown stone with a total living area of 1698 Sq Ft. The majority of the rough plumbing, electrical and rough carpentry has been  completed. All that is left is the finish work. This property provides the rare opportunity to customize a Dorchester Home.

Property Address: 77 Coleman St, Dorchester MA 02125

Living Area: 1698 Sq Ft

Beds: 2-4 (Depending on Final Layout)

Baths: 2-3 (Buyer To Dertemine Final Baths)

Lot Area: 1933 Sq Ft

Price: $140,000.00

Please Contact Robert Nichols To Schedule A Showing For this Dorcester Home.

Robert Nichols
Bentley Real Estate Group
404 Neponset Ave
Boston, MA 02122
617.448.5112 Direct
617.687.2683 Fax

www.BentleyREGroup.com

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During the month of June 2010, Dorchester Homes experienced a healthy increase in sale volume, average sales price and the total value of homes sold, when compared to the sales data in June of 2009. There were a total of 76 Dorchester Homes sold in 2010 and 64 homes sold in 2009. This represents a 19% increase in total volume over 2009. The average sale price was $302,417.00 in 2010 and $255,504.00 in 2009. This represents an18% increase in the average Dorchester home sales price. The total value of all homes sold in Dorchester during June of 2010 was $22,983,691.00 and $16,352,260.00 in 2009. This represents an increase of 41%. That is almost even with the total value in 2008. After seeing the numbers it is clear that Dorchester real estate market is trending upward. The increase can be attributed to several factors including the home buyer tax credit, optimism about the local economy and a decrease in the number of petitions to foreclose.

Contact Bentley Real Estate Group For all of your Dorchester Real Estate Needs.

We Are The Market Experts!

Bentley Real Estate Group 404 Neponset Ave, Dorchester, MA 02122

800.884.9056

www.BentleyREGroup.com

Dorchester, MA - Number of Petitions to Foreclose - Year to Date

Dorchester, MA - Number of Auctions - Year to Date

Dorchester, MA - Number of Foreclosure Deeds - Year to Date

Dorchester, MA - Ratio of Petitions to Sales - Year to Date

In 2009, Dorchester sales volume and selling prices slightly underperformed the values achieved in 2008. The numbers are as follows: In 2008, there were 844 residential properties sold vs. only 804 in 2009. This represents a 4.7% decrease in volume. The average sales price in 2008 was $251,248.00 and fell to $220,112.00 in 2009. This is a 12% decrease from the previous year. It is clear that the market has continued to trend downward in 2009, but this represents an opportunity for Dorchester buyers to purchase while the market is still recovering. It is only a matter of time before the real estate market rebounds and when it does, it will be to late to take advantage of the great deals that a presently on the market. Now is the time to buy.