Health & Fitness
Real Estate Market Updates
Here is the latest in Real Estate news, including new record lows for mortgage rates and the passing of a real estate legend.
The Passing of a Real Estate Legend
Jack Conway, the South Shore Realtor who took a one office operation and built it into a regional business of 40 offices and over 600 agents known as "Conway Country", passed away last week at the age of 88. Jack was one of the first Real Estate Brokers to hire women in a male dominated industry at the time.
Jack Conway was born and raised in Boston. He graduated from Boston College High School and attended the University of Notre Dame. He was a Navy veteran of World War II, and worked for a time for the Boston Record-American, covering the boxing exploits of Brockton native Rocky Marciano.
Jack Conway will also be remembered for the work he did for a number of charitable organizations on the South Shore and outside the United States as well.
Find out what's happening in Maldenwith free, real-time updates from Patch.
The Mass Association of Realtors press release can be read here.
Mortgage Rates
According to the Freddie Mac survey, average mortgage rates declined again for the week ending Thursday, July 26, 2012, setting another record lows. The average 30 year mortgage decreased from 3.53% to 3.49%, and the average 15 year mortgage declined from 2.83% to 2.80%.
Find out what's happening in Maldenwith free, real-time updates from Patch.
Mortgage rates one year ago were 4.55% and 3.66 for the 30-year and 15-year fixed mortgages.
Snapshot of the Malden Real Estate Market
Source: MLS Property Information Network
Single Family
Condos
Multi Family Homes
# of Listings
50
38
29
Avg. Liv. Area Sq Ft
1,6121.36
1,136.24
2.411.52
Avg. List $
$314,189
$228,441
$350,790
Avg. List $/Sq Ft
$199
$216
$148
Avg. Days on Market
86.41
84.76
186.90
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