posted on March 15th, 2015
Boston, Massachusetts was under a state of emergency after the devastating onslaught of heavy snow in the area. The pipelines of homes were all frozen. Sellers were discouraged to list property when they could not even see their first-storey window.
Boston house prices are estimated to decline after the effects of the historic 100+ inches snow fall that hit the city this year. The Massachusetts real estate experts predict that the thick snowdrop will be equivalent to a million dollar of halt. According to greater Boston real estate agent Carlos Xu, homeowners in the city were having a huge backlog in selling their houses which resulted to shortage of new Boston real estate listings. Even before, there was already a general consensus among sellers to hold back and delayed their listings from the market, until the snowstorm comes to the area. Properties originally set to hit the real estate market in March were being held back. Scheduled renovations and developments on the onset of spring were not possible due to the accessibility of the needed materials. Also, there was no space suited for everyday work on-site. With high demand and low rates, the spring’s busy market might not be possible at this time.
What made the homeowners worried to put their property on the market?
Considering the online listings, it reveals that property owners were afraid that snow might slow down interest. Looking at the brighter side, if more people were having a day off, they more spending time in front of the computer looking for new listings. The downside was that most real estate buyers do not want to be roaming around looking at homes buried in thick snow. Indeed, weather prediction has something to do when most Boston real estate agent offers new listings on the Internet. For Boston real estate agent, bad weather like snowstorm delays things. It impacts a lot of selling businesses not just the real estate industry. Most people, if they intend to buy or sell wait a bit longer. This year could be the worst year to set the best Boston house prices.
But, why worry, the impassable roads will never last long. Agents offering high Boston condo prices can still sell units, a serious seller can attract a serious buyer. Buying a house in Boston during winter season is a challenging decision to make. A buyer will be curious about the buried part of the house. They will wonder if you have a nice landscape garden or wide pool.
Real estate agents are still hoping for good possibilities
Despite of the plague, the snowstorm offers at least two positives-new customers and less competition. During the snow time, most people have taken their online listings off the market, but Massachusetts real estate agents can help buyers who haven forced to make sudden moves. The real estate industry is hoping for possible change when the snow finally disappears. It is expected by many that home listings will start to flow in the real estate market as soon as possible.