John Takvorian

John Takvorian, an experienced real estate professional, currently works at Flagship Homes in Belmont, Massachusetts, where he leverages his knowledge in sales, marketing, and management to meet the personal needs and goals of clients. A committed member of the professional community, John Takvorian is an active member of the Massachusetts Association of REALTORS® (MAR), which includes 20,000 real estate agents. Recently, MAR released a report stating that home prices in February 2014 continued to increase, even though closed sales were lower than previous years. During the month of February, 2,084 detached single-family homes were sold, which is almost 6% lower than February 2013. MAR also stated that sales in February dropped 25% from January. Although this decrease is typical, it was the seventh straight month that home sales have dropped. Despite the decreased sale numbers, February’s average selling price for single-family homes was up over 7% when compared to February of last year, but was down 7.8% when compared to January. When comparing sales prices year-over-year, the increase in February marks the 17th straight monthly increase that MAR has seen. Single-family homes were not the only residential living spaces that saw changes during February. There was a 1% increase in the number of condominiums sold during February when compared to last year, and the average price was up just over 9%. However, as with homes, MAR reported a decrease of both closed sales and average prices when looking at month-to-month condo sales.

John Takvorian is a longtime Boston-area real estate professional who is now working for Flagship Homes in Belmont. John Takvorian maintains membership in the Massachusetts Association of Realtors and stays informed of the latest regional market trends. A recent article published by the Massachusetts Association of Realtors (MAR) highlighted a positive start to statewide sales of condominiums and single-family residences in 2014, with sales in January outpacing sales of the year before. According to MAR, a particular factor in this sales increase has to do with falling interest rates, which have led homebuyers who had earlier stopped looking to get back into the market and seek out opportunities to buy. In addition, the home equity situation improved, causing a number of homeowners who were waiting for the right moment to sell also to reenter the market and list their properties. The year-on-year selling price of a median single-family home rose 14.3 percent in January to $320,000, while condos increased 20 percent to $300,000. These statistics seem to indicate a sustained upward trend in the real estate market as the economy moves toward a broader recovery.