February 2024 Newsletter: Volume 74

In the concept phase of development, residential builders frequently engage Streamline Communities to perform a Market Study to determine what style, size, and price of homes to build. Above is an overview of Woburn, MA and the surrounding towns new home residential monthly sales fill rate. There were 71 area new home sales in 2023, with the demand within the 1,800 to 2,300 square foot range. We can look a little closer and understand the type of product that's being sold, such as townhomes, plex's, and flats. This allows us to make very definitive recommendations on the what type of homes to design, the size, and how to set pricing that will maximize profit without minimizing sales fill rates.

Streamline Communities recently sold out Cobblestone Court. In 2023 the fill rate was 1.92 compared to new home area average market fill rate of 1.30. Monitoring this fill rate data allows us to work with the builder to set construction pace and maximize the pricing. Some builders gain efficiencies and profitability with fast fills. Other builders prefer to slow the pace and maximize the prices. Either way, continuously analyzing the competition within the marketplace is critical throughout the build to maximize profitability.

Home Restart combats homelessness by transitioning candidates into housing through real estate brokerage advocacy, personal finance consultation, assisting with job placement, social services, and other support services to people that have lost or are close to losing housing.

Real Estate Services Provided:

• Placement package for renters
• Real estate brokerage representation
• Rental search for market rate, affordability, or Section 8 Housing
• Legal assistance, if required
• Landlord communication