BERKLEY - MARKET REPORT FEBRUARY 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 January 1, 2008- January 31,2008.

Single Family Homes

Number of Homes on Market 42 (UP 4 since last report)

Average Days on the Market 154

Number of Homes U.A.G 2

Average Price of U.A.G. Homes $322,400

Number of Homes Sold 4

Average Sold Price $344,250 ~$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 $434,276

Lowest SALE Price $235,000

Highest SALE Price $461,000


MY LAST MARKET UPDATE WAS JANUARY 8 AND THE AVERAGE SALE PRICE WAS $349,000.

2 of the 4 January sales in Berkley were foreclosed or bank assisted home sales. Foreclosed home sales bring down the value of every other home for sale. A Split Entry Raised Ranch with a 1 car attached garage sold at $235,000!!!! Buyers do not care who owns the home if they can get a $20,000 to $50,000 savings on it. Competing with these properties is tough. You need to make sure your home is in Tip Top condition, shows beautifully and is easy for a buyer to see.

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