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Available Properties
- 1/8 8New
$ 1,199,000
6 Beds3 Baths2,564 SqFt32 Manning, Medford, MA 02155
Multi-Family
Listed by Robin Repucci of Compass
- 3DActive
$ 499,900
2 Beds2 Baths1,018 SqFt65 Valley St #4G, Medford, MA 02155
Condo
Listed by Mike Cohen of Compass
- 1/24 24Active
$ 698,000
1 Bed1 Bath976 SqFt100 Station Landing #1003, Medford, MA 02155
Condo
Listed by Dana Schaefer of Compass
- 1/4 4Price Dropped by $5K
$ 30,000
100 Station Landing G64, Medford, MA 02155
Vacant Land
Listed by Dana Schaefer of Compass
- 1/42 42Open Sat 12PM-2PM
$ 719,900
3 Beds3 Baths1,953 SqFt16/18 Park Ave, Medford, MA 02155
Single Family Home
Listed by Molly Cottle of Realty One Group Next Level
- 1/33 33Open Sun 11AM-1PM
$ 888,000
3 Beds1.5 Baths1,924 SqFt177 Brooks St, Medford, MA 02155
Single Family Home
Listed by Jamie Thompson of Thompson Realty
- 1/33 33Open Fri 4:30PM-6PM
$ 479,000
2 Beds1.5 Baths1,205 SqFt200 Park Terrace Dr #238, Stoneham, MA 02180
Condo
Listed by Tracey Cleversey of Hive Property Group
- 1/23 23Open Sat 10AM-12PM
$ 1,799,999
4 Beds5 Baths4,747 SqFt19 Shirley Rd, Medford, MA 02155
Single Family Home
Listed by Monarch Team of EVO Real Estate Group, LLC
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Our Blogs
Why It Makes Sense To Move Before Spring
Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.Spring Should Bring a Wave of Buyers to the MarketIn most years, the housing market goes through predictable seasonal trends in activity. Winter is typically a quiet point in the year, while spring sees a surge of buyers begin their search. And experts project that this year will be no exception.Right now, buyer demand is low due to a combination of normal seasonal trends and a reaction to last year’s rise in mortgage rates. But rates have started to come down since last November, which has more and more potential buyers planning to jump into the market. That means right now is a sweet spot if you’re in a good position to buy, before more buyers reappear. Affordability is beginning to improve, but demand is still low — for now. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), shares:“. . . expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.”If you’re ready to buy a home, right now is the best time to do so before your competition grows and more buyers enter the market.Today’s Sellers Are MotivatedLow demand from buyers often means sellers are more motivated to work with you, and that can set you up to buy a home on your terms. In fact, sellers have been more willing to negotiate this winter because there are fewer buyers in the market. According to a recent article from Forbes:“. . . sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter of last year.”But keep in mind, the advantages buyers have this winter won’t last forever. The competition you face could be greater if you wait until spring to make a move, and increased buyer demand means sellers will have less motivation to negotiate with you. Be sure to work with a trusted real estate professional to learn what you can expect in your local market right now.Bottom LineIf you’re in a good position to make a move, it may make sense to move before spring. Working with your team of expert real estate advisors is the best way to learn about the current market and what it means for you. Let’s connect today to determine the best plan to achieve your homebuying goals.
Read moreWhy You Shouldn’t Fear Today’s Foreclosure Headlines
If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. Here’s a deeper look.According to the Year-End 2022 U.S. Foreclosure Market Report from ATTOM, foreclosure filings are up 115% from 2021, but down 34% from 2019. As media headlines grab onto this 115% increase, it’s more important than ever to put that percentage into context.While the number of foreclosure filings did more than double last year, we need to remember why that happened and how it compares to more normal, pre-pandemic years in the market. Thanks to the forbearance program and other relief options for homeowners, foreclosure filings were down to record-low levels in 2020 and 2021, so any increase last year is — no surprise — a jump up. Rick Sharga, Executive VP of Market Intelligence at ATTOM, notes:“Eighteen months after the end of the government’s foreclosure moratorium, and with less than five percent of the 8.4 million borrowers who entered the CARES Act forbearance program remaining, foreclosure activity remains significantly lower than it was prior to the COVID-19 pandemic. It seems clear that government and mortgage industry efforts during the pandemic, coupled with a strong economy, have helped prevent millions of unnecessary foreclosures.”Clearly, these options meant millions of homeowners could stay in their homes, allowing them to get back on their feet during a very challenging period. With home values rising at the same time, many homeowners who may have found themselves facing foreclosure under other circumstances were able to leverage their equity and sell their houses rather than face foreclosure, and that trend continues today.And remember, as the graph below shows, foreclosures today are far below the record-high 2.9 million that were reported in 2010 when the housing market crashed.So, while foreclosures are rising, keeping perspective in mind is key. As Bill McBride, Founder and Author of Calculated Risk, noted just last week:“The bottom line is there will be an increase in foreclosures over the next year (from record low levels), but there will not be a huge wave of distressed sales as happened following the housing bubble. The distressed sales during the housing bust led to cascading price declines, and that will not happen this time.”
Read moreThe 3 Factors That Affect Home Affordability
If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:“. . . with slowly improving affordability and a more optimistic economic outlook than previously believed, the housing market could show resilience in 2023.”The three measures used to establish home affordability are home prices, mortgage rates, and wages. Here’s a closer look at each one.1. Mortgage RatesMortgage rates shot up to over 7% last year, causing many buyers to put their plans on hold. But things are looking different today as rates are starting to come down. George Ratiu, Senior Economist at realtor.com, explains:“Let’s celebrate some good news. . . . mortgage rates are down. With inflation showing a tangible slowdown, I do expect mortgage rates to follow suit in the months ahead.”Even a small change in rates can impact your purchasing power. Nadia Evangelou, Director of Forecasting for the National Association of Realtors (NAR), gives this context:“With a 6% rate instead of 7%, buyers pay about $2,700 less every year on their mortgage. As a result, owning a home becomes affordable to about 1.4 million more renters and 4.3 million more homeowners.”If 7% rates paused your homebuying plans last year, this could be the opportunity you need to get back in the game. Be sure to work with a team of experts who know the latest on mortgage rates and can give you the best advice for the current market.2. Home PricesThe second factor at play is home prices. Home prices have made headlines over the past few years because they skyrocketed during the pandemic. When discussing home prices in 2023, Lawrence Yun, Chief Economist at NAR, says:“After a big boom over the past two years, there will essentially be no change nationally . . . Half of the country may experience small price gains, while the other half may see slight price declines.”So, while prices will likely be flat this year in some markets, others could see small gains or slight declines. It all depends on your local area. For insight into what’s happening in your market and how prices are impacting affordability, reach out to a trusted real estate professional.3. WagesThe final component in the affordability equation is wages. The graph below uses data from the Bureau of Labor Statistics (BLS) to show how wages have increased over time:When you think about affordability, remember the full picture includes more than just mortgage rates and prices. Wages need to be factored in as well. Because wages have been rising, many buyers have renewed opportunity in the market.While affordability hurdles are not completely going away this year, based on current trends and projections, 2023 should bring some sense of relief to homebuyers who have faced growing challenges. As Mike Fratantoni, Chief Economist at the Mortgage Bankers Association (MBA), says:“Rates are expected to move lower for the year, and home price growth is expected to cool, both of which will help affordability challenges.”Bottom LineIf you have questions, let’s connect. You’ll also want to make sure you have a trusted lender so you can explore your financing options. You may be closer to owning a home than you think.
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- Scott LitchfieldWorking with Dan and Peter was a great experience, they took their time looking at places with us and have been extremely helpful in selling our house.
- Joshua Painter, PAWorking with Peter at The Pezzano Group in Boston has been a game-changer! As a top listing agent, their expertise and dedication make them one of the best realtors in Boston. If you're looking to sell your home, Peter is the agent you need. Highly recommend!
- Dr. S. TenengI was very pleased and satisfied with the services and the challenging process of selling my house which had difficult tenants, but Pete made it so easy. I will recommend The Pezzano Group to anyone.
- Ana BautistaDan went above and beyond to help me find my forever home! Highly recommended 100000%! Not only did I find my home I gained a new friend! Thank you for all your help and patience
- Miran VelagicMy wife and I had the pleasure of working with Dan Pezzano as our buyer agent and we couldn't be happier with the results. From the beginning, Dan displayed a high level of professionalism that immediately put us at ease during a stressful but exciting time. Dan is not only highly knowledgeable about the real estate market, but he also took the time to educate us throughout the entire process, making us feel more confident as we navigated the current market. What truly sets Dan apart was his genuine dedication to finding us our dream home. He listened carefully to our needs and preferences, and tirelessly worked to find properties that matched our criteria. During the negotiation process, he demonstrated remarkable skill and expertise, ensuring that we got the best deal possible. We can't thank him enough for making this home-buying journey not only successful, but also enlightening. If you're in search of a realtor who goes above and beyond, I wholeheartedly recommend Dan Pezzano.
- nancy burkeMy husband and I worked with Peter to sell our much loved home. He walked us through the process and educated us along the way. The experience was seamless and went above our expectations. We would highly recommend the dynamic team of Peter and Dan Pezzano of the Pezzano Group.
- Joy JiaoPeter was our property manager for many years before becoming our seller's agent for a condo in Cambridge. Peter was always very responsive both to us and our tenants. He did a great job addressing any issues that came up and finding new tenants when needed. Peter was a total life saver for managing our property when we were on the other side of the country all these years. As a seller's agent, Peter was very accurate at predicting what would happen once we went on the market and the entire process was very smooth. We highly recommend Peter for anyone looking for a real estate services!
- Anthony La RoccaAs a buyer, Dan and Peter are excellent people, very knowledgeable of the towns and property insights and most of all trustworthy. My wife and I are very happy that we were able to work with them on purchasing our first home. Thanks guys truly appreciate it
- Suprama DattaDan and Peter make the best team! After our friend's referral, my husband and I decided to work with them to look for our new home, and it was the best decision ever. They pay attention to every detail that you ask for in your search and make sure to present a customized list within your budget. As first time home owners, they guided us to target the right properties and were always available to provide any information we needed throughout the process. It is hard to imagine a better team to work with! We would highly recommend the Pezzanos to any family and friends and would continue to work with them in future. All the best!
- Angela FerrariPeter Pezzano is amazing!! Peter has a high level of experience and professionalism, is confident, hands-on, detail-oriented, very prepared, and assesses your entire scenario with recommendations of what needs to be done before listing or purchasing any property, and then successfully executes each task. Peter is very prompt at responding to emails, calls or texts, and I always felt like an important client to him. So much so, that this is the third real estate transaction wherein I have engaged Peter, and I can’t say enough about how pleased and grateful I am for his hard work and diligence each and every time. I have also referred friends and acquaintances to Peter and they have similarly reported back with high praises working with him. My experience with Peter has been nothing short of extraordinary, I will not hesitate to work with him, or refer him to others in the future when possible; and, wholeheartedly recommend Peter Pezzano. Thank you, Peter, and much continued success!