Berkley, MA

Total Market Report is provided to give you an overall picture of the current market conditions.The following report is for single family homes sold in Berkley from December 1, 2008- December 31,2008.

Single Family Homes

Number of Homes on Market 37 (down 2 from last report)

Average Days on the Market 208 - up over 30 - YIKES!!!

Number of Homes U.A.G 2

Average Price of U.A.G. Homes $299,700

Number of Homes Sold 2

Average Sold Price $250,000

~$361,250 As of December 5, 2008
~$259,125 As of November 2, 2008
~$312,913 As of October 3, 2008
~$435,000 As of September 3, 2008
~$0 As of August 16, 2008
~$334,250 As of July 9, 2008
~$317,800 As of June 12, 2008
~$418,333 As of May 1, 2008
~$286,833 As of April 8, 2008
~$180,000 As of March 8, 2008
~$344,250 As of February 7, 2008
~$349,000 As of January 8, 2008
~$262,442 As of December 9, 2007
~$243,125 As of November 7, 2007
~$645,500 As of October 4, 2007
~$331,000 As of Sept.1, 2007
~$349,073 AS OF AUG. 4, 2007
~$356,473 AS OF JUNE 24, 2007


Average Asking Price $364,624

Lowest SALE Price $238,000
Highest SALE Price $262,000

Unfortunately based on the facts of record our absorption rate went up YET again. Now we are at a 9 month absorption rate, up 2 months from last month's market report. October, November and now unfortunatley December has seen a steady increase in the absorption rate. During the summer months of '08 we were leveling out, but that has changed. How much longer will the absorption rates rise? That remains to be seen.

How does this effect you?

Well it is a fairly easy computation. When a market is losing value any additional time on the market COSTS you money. As a homeowner that needs or wants to sell you need to take a long hard look at the homes that have sold and look objectively not emotionally at your property. If your neighbor's home sold for $285,000 2 months ago you need to add an additional month to that (for the time between when the offer was made and accepted and the closing actually takes place) than add up the decreasing percentage and subtract that amount off of the neighbor's sale price. Any higher of an asking price may result in your home selling for substantially less money many months later.

Remember: Time is NOT on your side in a declining market.

Price it ahead of the curve and you will open your home up to the largest pool of potential buyers which will sharply lessen your market time AND increase your bottom line! I would rather see any seller get multiple offers to choose from than no offers at all.

I need to expand on the last paragraph about multiple offers. Contrary to news reports which indicate NOONE is buying homes, there are plenty of buyers out there taking advantage of the lower home prices combined with the very low interest rates. Interest rates right now are at the same historically low rates that they were at in 2004 (5.5% is average) at the height of the sellers market when homes were selling at prices 25% higher than they are now. Two of the homes that I have on the market right now have multiple offers on them, one listing has 4 offers the other has 2. This allows a seller the right to be picky on the terms, get more money, get a better qualified buyer!

Call me for a competent, accurate analysis of your home.

Bobbie Files
Your Bristol and Plymouth County Realtor

Visit my website at www.BerkleyMass.com

Search for Berkley Ma Homes at: http://BerkleyHomes.BerkleyMass.com

Search for Taunton Ma Homes at: http://TauntonHomes.BerkleyMass.com

For those struggling to pay your mortgage payments please visit: www.ShortSaleMassachusetts.com

Total Market Report is provided to give you an overall picture of the current market conditions.The following report is for single family homes sold in Berkley from November 1, 2008- November 30,2008.

Single Family Homes

Number of Homes on Market 39 (up 1 from last report)

Average Days on the Market 172 - down 10 (Let's keep on going!)

Number of Homes U.A.G 3

Average Price of U.A.G. Homes $324,900

Number of Homes Sold 2

Average Sold Price $361,250

~$259,125 As of November 2, 2008
~$312,913 As of October 3, 2008
~$435,000 As of September 3, 2008
~$0 As of August 16, 2008
~$334,250 As of July 9, 2008
~$317,800 As of June 12, 2008
~$418,333 As of May 1, 2008
~$286,833 As of April 8, 2008
~$180,000 As of March 8, 2008
~$344,250 As of February 7, 2008
~$349,000 As of January 8, 2008
~$262,442 As of December 9, 2007
~$243,125 As of November 7, 2007
~$645,500 As of October 4, 2007
~$331,000 As of Sept.1, 2007
~$349,073 AS OF AUG. 4, 2007
~$356,473 AS OF JUNE 24, 2007


Average Asking Price $385,831

Lowest SALE Price $340,000
Highest SALE Price $382,500

Unfortunately based on the facts of record our absorption rate went up again. Now we are at a 7 month absorption rate, up 1 month from last month's market report. My prior 3 reports had shown a decrease in the absorption rate so I am hoping that this is only a hiccup.

How does this effect you?

Well it is a fairly easy computation. When a market is losing value any additional time on the market COSTS you money. As a homeowner that needs or wants to sell you need to take a long hard look at the homes that have sold and look objectively not emotionally at your property. If your neihbor's home sold for $285,000 2 months ago you need to add an additional month to that (for the time between when the offer was made and accepted and the closing actually takes place) than add up the decreasing percentage and subtract that amount off of the neighbor's sale price. Any higher of an asking price may result in your home selling for substantially less money many months later.

Remember: Time is NOT on your side in a declining market.

Price it ahead of the curve and you will open your home up to the largest pool of potential buyers which will sharply lessen your market time AND increase your bottom line! I would rather see any seller get multiple offers to choose from than no offers at all.

Call me for a competent, accurate analysis of your home.

Bobbie Files
Your Bristol and Plymouth County Realtor

Visit my website at www.BerkleyMass.com

Search for Berkley Ma Homes at: http://BerkleyHomes.BerkleyMass.com

Search for Taunton Ma Homes at: http://TauntonHomes.BerkleyMass.com

For those struggling to pay your mortgage payments please visit: www.ShortSaleMassachusetts.com

Total Market Report is provided to give you an overall picture of the current market conditions.The following report is for single family homes sold in Berkley from October 1, 2008- October 31,2008.

Single Family Homes

Number of Homes on Market 38 (down 2 from last report)

Average Days on the Market 182 - down 6 (Let's keep on going!)

Number of Homes U.A.G 2

Average Price of U.A.G. Homes $324,900

Number of Homes Sold 4

Average Sold Price $259,125

~$312,913 As of October 3, 2008
~$435,000 As of September 3, 2008
~$0 As of August 16, 2008
~$334,250 As of July 9, 2008
~$317,800 As of June 12, 2008
~$418,333 As of May 1, 2008
~$286,833 As of April 8, 2008
~$180,000 As of March 8, 2008
~$344,250 As of February 7, 2008
~$349,000 As of January 8, 2008
~$262,442 As of December 9, 2007
~$243,125 As of November 7, 2007
~$645,500 As of October 4, 2007
~$331,000 As of Sept.1, 2007
~$349,073 AS OF AUG. 4, 2007
~$356,473 AS OF JUNE 24, 2007


Average Asking Price $404,026

Lowest SALE Price $185,000
Highest SALE Price $315,000

MY LAST MARKET UPDATE WAS October 3rd AND THE AVERAGE SALE PRICE WAS $312,913 which represented 4 homes that sold. 2 Months in a row with a respectable number of home sales.

The number of home on the market is remaining relatively steady, but thankfully continuing to go down. The absorption rate has risen a bit, to slightly over 6 months of inventory. My prior 3 reports had shown a decrease in the absorption rate so I am hoping that this is only a hiccup.

How does this effect you?

Better your odds for a more timely sale by pricing your home ahead of the curve! Pricing it AT the curve in a declining market will put you in line to sell on the 6th month at a lower price than what you would have received had it been priced competitively in the beginning. Remember: Time is NOT on your side in a declining market.

Price it ahead of the curve and you will open your home up to the largest pool of potential buyers which will sharply lessen your market time AND increase your bottom line! I would rather see any seller get multiple offers to choose from than no offers at all.

Call me for a competent, accurate analysis of your home.

To view all Berkley homes on the market visit http://berkleyhomes.berkleymass.com

Visit http://www.berkleymass.com/ for all your Bristol County Real Estate Needs!

Bobbie Files
REALTOR
Keller Williams Realty
508-238-5000 x.296 Office
508-789-0217 Direct
bobbiefiles@kw.com Email

Total Market Report is provided to give you an overall picture of the current market conditions.The following report is for single family homes sold in Berkley from September 1, 2008- September 30,2008.

Single Family Homes

Number of Homes on Market 40 (down 1 from last report)

Average Days on the Market 188!!!!!!!! (up 2)

Number of Homes U.A.G 5

Average Price of U.A.G. Homes $297,740.00

Number of Homes Sold 4

Average Sold Price $312,913

~$435,000 As of September 3, 2008
~$0 As of August 16, 2008
~$334,250 As of July 9, 2008
~$317,800 As of June 12, 2008
~$418,333 As of May 1, 2008
~$286,833 As of April 8, 2008
~$180,000 As of March 8, 2008
~$344,250 As of February 7, 2008
~$349,000 As of January 8, 2008
~$262,442 As of December 9, 2007
~$243,125 As of November 7, 2007
~$645,500 As of October 4, 2007
~$331,000 As of Sept.1, 2007
~$349,073 AS OF AUG. 4, 2007
~$356,473 AS OF JUNE 24, 2007


Average Asking Price $410,400

Lowest SALE Price $180,000
Highest SALE Price $408,650

MY LAST MARKET UPDATE WAS September 3rd AND THE AVERAGE SALE PRICE WAS $435,000 which represented 1 home that sold. I guess it was 1 better than what had sold in July. But September was an Okay month, 4 homes sold is a nice solid performance.

The number of home on the market is remaining relatively steady, but thankfully going down slightly. Right now there is less than 5 months worth of inventory on the market, which is, by numbers a Neutral Market. A Neutral Market indicates that we have finally hit the axis point of home price to affordability. Home prices have adjusted to the point that the median income buyer can afford to own. This is now 3 months in a row of less than 6 months of inventory, we may have finally arrived at a neutral market. What that means is, if no more homes came on the market and all the current homes stayed on the market until they sold it would take 4.5 months for all the homes to be sold, assuming that they are all priced correctly. It is a widely accepted rule that if we have less than 6 months but more than 3 months worth of inventory we are in a neutral market. A neutral market means that home prices are in line with affordability and are being absorbed at a moderate pace.

For the past 3 months we have not seen a sharp increase in the absorption rate and to the contrary we have seen a decrease, which is very good news. The law that Massachusetts passed requiring banks to give homeowners an additional 90 days to cure default prior to foreclosing did not have the impact on 9/1 as it was projected to do. However, do not be fooled to think that there isn't an onslaught of foreclosures yet to come on the market.

How does this effect you?

Better your odds for a more timely sale by pricing your home ahead of the curve! Pricing it AT the curve in a declining market will put you in line to sell on the 6th month at a lower price than what you would have received had it been priced competitively in the beginning. Remember: Time is NOT on your side in a declining market.

Price it ahead of the curve and you will open your home up to the largest pool of potential buyers which will sharply lessen your market time AND increase your bottom line! I would rather see any seller get multiple offers to choose from than no offers at all.

Call me for a competent, accurate analysis of your home.

Visit http://www.berkleymass.com/ for all your Bristol County Real Estate Needs!

Bobbie Files
REALTOR
Keller Williams Realty
508-238-5000 x.296 Office
508-789-0217 Direct
bobbiefiles@kw.com Email