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Bobbie Files~Taunton Real Estate Berkley, Freetown, Homes for Sale

Berkley Market Report - August 2008

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 August 1, 2008- August 31,2008.

Single Family Homes

Number of Homes on Market 41 (down 1 from last report)

Average Days on the Market 186!!!!!!!!

Number of Homes U.A.G 6

Average Price of U.A.G. Homes $324,583

Number of Homes Sold 1

Average Sold Price $435,000

~$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 $410,399

Lowest SALE Price $435,000

Highest SALE Price $435,000

MY LAST MARKET UPDATE WAS August 16th AND THE AVERAGE SALE PRICE WAS $0 I mean zero ...zilch ....nada.

August one upped July.


The number of home on the market is remaining relatively steady, but thankfully going down slightly. Right now there is almost 6 months worth of inventory on the market, which is still saying it is a Buyer's Market, but not as strongly as before. If we stay steady at 6 months or slightly under we 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 6 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 2 months we have not seen a sharp increase in the absorption rate which is very good news, but with the passing of the Massachusetts law mandating banks to give 90 additional days for a homeowner to refinance or cure default before closing we have had a short period without foreclosures coming on the market. Please keep in mind this is ony temporary, when Sept. 1st comes around we will start to see an increase in the number of homes on the market. The cost of fuel and other economic problems have also negatively impacted the housing 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

BRISTOL COUNTY SOLD MARKET REPORT JULY-AUGUST 2008

Price Range # of
Listings
Avg. Days
on Market
Average
Sale Price
Average
List Price
SP:LP
Ratio
Average
Orig Price
SP:OP
Ratio
$0 - $49,999 0 0 $0 $0 0 $0 0
$50,000 - $99,999 7 86 $76,757 $90,343 86 $106,114 77
$100,000 - $149,999 15 148 $125,993 $143,273 89 $159,300 81
$150,000 - $199,999 33 152 $181,055 $191,412 95 $207,670 89
$200,000 - $249,999 72 117 $222,514 $233,227 96 $244,200 92
$250,000 - $299,999 55 143 $272,006 $283,438 96 $303,411 90
$300,000 - $349,999 29 170 $323,484 $337,141 96 $349,386 93
$350,000 - $399,999 19 88 $375,776 $388,126 97 $403,853 93
$400,000 - $449,999 20 163 $419,993 $433,803 97 $451,710 93
$450,000 - $499,999 4 160 $468,125 $490,700 95 $514,450 91
$500,000 - $599,999 11 176 $539,791 $557,564 97 $583,836 93
$600,000 - $699,999 4 153 $656,250 $678,675 97 $681,675 96
$700,000 - $799,999 2 269 $720,000 $741,950 97 $766,950 94
$800,000 - $899,999 4 54 $848,750 $874,925 97 $874,925 97
$900,000 - $999,999 1 140 $900,000 $975,000 92 $1,150,000 78
$1,000,000 - $1,499,999 1 391 $1,250,000 $1,550,000 81 $1,800,000 69
$1,500,000 - $1,999,999 0 0 $0 $0 0 $0 0
$2,000,000 - $2,499,999 0 0 $0 $0 0 $0 0
$2,500,000 - $2,999,999 0 0 $0 $0 0 $0 0
$3,000,000 - $3,999,999 0 0 $0 $0 0 $0 0
$4,000,000 - $4,999,999 0 0 $0 $0 0 $0 0
$5,000,000 - $9,999,999 0 0 $0 $0 0 $0 0
$10,000,000 - $99,999,999 0 0 $0 $0 0 $0 0
Total Properties 277 Avg. 139 $295,033 $309,121 95 $325,940 91
Lowest Price: $60,000 Median Price: $257,000
Highest Price: $1,250,000 Average Price: $295,033

BERKLEY - MARKET REPORT JULY 2008

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 July 1, 2008- July 31,2008.

Single Family Homes

Number of Homes on Market 42 (down 7 from last report)

Average Days on the Market 186!!!!!!!!

Number of Homes U.A.G 7

Average Price of U.A.G. Homes $304,298

Number of Homes Sold 0

Average Sold Price $0
~ $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 $406,529

Lowest SALE Price $269,500

Highest SALE Price $375,000

MY LAST MARKET UPDATE WAS July 9th AND THE AVERAGE SALE PRICE WAS $334,250.00.

JULY HAD NO CLOSINGS!!!!!!!!!!!!!!!!!!!!!!!!


The number of home sales is remaining steady.Right now there is approx. 6 months worth of inventory on the market, which is still saying quite strongly it is a Buyer's 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 6 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.

Unfortunately, we have seen a sharp increase in the absorption rate in the past couple of months. The cost of fuel and other economic problems have negatively impacted the housing 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 10th 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

BERKLEY - MARKET REPORT MAY 2008

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 May 1, 2008- May 30,2008.

Single Family Homes

Number of Homes on Market 52 (up 4 from last report)

Average Days on the Market 156

Number of Homes U.A.G 3

Average Price of U.A.G. Homes $524,633

Number of Homes Sold 5

Average Sold Price $317,800

~$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 $411,233

Lowest SALE Price $287,000

Highest SALE Price $372,000

MY LAST MARKET UPDATE WAS APRIL 8 AND THE AVERAGE SALE PRICE WAS $418,333.


The number of home sales is remaining steady.Right now there is approx. 6 1/2 months worth of inventory on the market, which is still saying it is a Buyer's 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 6 1/2 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. If we see several consecutive months with lower than 6 months of inventory we can hesitantly say that we have hit the bottom and are now at the cost to affordability corrected pricing and can finally start to breathe again. With the spring market finally upon us and the Federal Reserve taking strong steps to keep the interest rates down we may be nearing the bottom of the pricing. 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

BERKLEY - MARKET REPORT APRIL 2008

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 April 1, 2008- April 30,2008.

Single Family Homes

Number of Homes on Market 48 (no change since last report)

Average Days on the Market 153

Number of Homes U.A.G 3

Average Price of U.A.G. Homes $323,133

Number of Homes Sold 3

Average Sold Price $418,333
~$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 $438,387

Lowest SALE Price $370,000

Highest SALE Price $465,000

MY LAST MARKET UPDATE WAS APRIL 8 AND THE AVERAGE SALE PRICE WAS $286,833.


The number of home sales has stayed steady.Right now there is approx. 8 months worth of inventory on the market, which is still strongly saying it is a Buyer's 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 8 months for all the homes to be sold, assuming that they are all priced correctly. With the spring market finally upon us and the Federal Reserve taking strong steps to keep the interest rates down we may be nearing the bottom of the pricing. 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 8th 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. We are in a market of "Equity Protection" and your agent needs to know and understand that. I DO!!!

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