MARKET REPORT FOR BERKLEY, MA AS OF NOV. 7, 2007

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, 2007- September 1,2007.

Single Family Homes

Number of Homes on Market 47 (Up 3 since last report)

Average Days on the Market 144

Number of Homes U.A.G 2

Average Price of U.A.G. Homes $371,900

Number of Homes Sold 4

Average Sold Price $243,125 ~ $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 $256,175

Lowest SALE Price $110,000

Highest SALE Price $330,000


MY LAST MARKET UPDATE WAS OCTOBER 4 AND THE AVERAGE SALE PRICE WAS $645,500. THAT MARKET AVERAGE WAS DIFFICULT TO USE FOR AS THERE WERE ONLY 2 SALES WHICH IS CONSIDERABLY LOWER THAN THE LAST SEVERAL MONTHS AND 1 OF THE SALES WAS A HIGH END WATERFRONT HOME WHICH DOESN'T LEAVE AN ACCURATE BASIS FOR THE AVERAGE MARKET.

WITHOUT HAVING YOU GO BACK AND RESEARCH IT I DROPPED OCTOBER'S HIGHEST SALE AND LOWEST SALE TO KEEP THE NUMBERS FAIR AS THE HIGH SALE WAS ABOVE A BERKLEY TYPICAL SALE AS IT WAS A VERY LARGE WATERFRONT HOME WITH AN ADDITIONAL BUILDABLE WATERFRONT LOT. DOING THAT BROUGHT THE AVERAGE SALE PRICE TO $340,920

AS YOU CAN PLAINLY SEE THE SALE PRICES IN BERKLEY AS WELL AS MOST OTHER AREAS IN BRISTOL COUNTY HAVE DROPPED CONSIDERABLY.

If you look at the lowest sale price of $110,000?!?!!?! when was the last time we saw the sale price of a home in Berkley for that low...yes it included a home!! Lots of land typically sell for more than that. I understand the home was a rehab, but it did have 4 walls a roof and a small lot. My point in rambling is that homeowners need to be aware of what is going on in the market area that they live in.

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 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