Released on: October 8, 2008, 7:48 pm

Press Release Author: Madelene Semeria Century 21 Abigail Adams

Industry: Real Estate

Press Release Summary: Market report from Quincy Ma real estate agent, Madelene
Semeria, on the Louisburg Square condo market.

Press Release Body: 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



Web Site: http://www.Ma-HomesForSale.com

Contact Details: Madelene Semeria Real Estate Agent
Century 21 Abigail Adams Quincy MA
617-894-1124 Ma_HomesForSale@Yahoo.com