Bellingham, MA

When a real estate team focuses on new construction, does that eliminate or hinder them from competing for resale properties within the marketplace? The answer to that is a definite, unequivocal, and down right "NO" it does not. As a matter of fact, knowing the structural systems and the working functions of a home, of any age, is essential, when one interviews to take a listing.

How many of us have witnessed agents who are not familiar with what they are looking at when showing a property. During a new construction showing at our inventory, one of my team members will offer to accompany the showing to make sure the home or condo is presented properly. We can't assume that everyone is knowledgeable about new construction, and we want the deal. There are too many agents who have not taken the time to become educated about home construction and that informational void can make or break a sale.

There are many buyers who call on our new construction inventory but cannot wait for a home or condo to be built. They are prime candidates for a resale property. Our new construction makes the phone ring. Initially, the inquiry is for that new home or condo, but quite often a resale property is sold by a team member. Our new construction inventory and knowledge of that entity has helped us to close many resale listings. It has been responsible for many of our buyer calls, and subsequently, many of our resale home transactions. Everyone loves to see a new home but not every buyer can own one.

The chart displays Active, Pending and Closed Multi-Family transactions in the town of Bellingham, Ma. for 2009. The average sale price was $203,625 with four closed transactions. The average marketing time was 155 days on the market.

Three of the four closed units were two family homes and one was a three family that sold for $245,000.

This representation is based on data provided by MLS-PIN who does not guarantee the accuracy and the data may not reflect all real estate activity.

The chart shows the single family home market for active and pending homes in Bellingham, Ma. The closed transactions for single family homes in 2009 are also shown and the average sale price is shown as $275,097. There were 131 single family homes that closed in Bellingham, Ma in 2009 and the average marketing time was 125 days.

The market in Bellingham, Ma is a strong market for single family homes. Call The Todaro Team for a free market analysis and find out what your home is worth in today's market.

This representation is based on data provided by MLS-PIN who does not guarantee the accuracy and the data may not reflect all real estate activity.

The chart displays the condominium market in Bellingham, Ma for currently active and pending transactions. The closed condominium transactions for 2009 are also reflected in the chart.

The average sale price was $222,302 and there were 40 closed condominiums in Bellingham, Ma for 2009.

The average marketing time as 178 days on the market.

Call The Todaro Team of RE/MAX Executive Realty for a free market analysis of your condominium. We have a tremendous amount of expertise in marketing condominium communities.

This representation is based on data provided by MLS-PIN who does not guarantee the accuracy and the data may not reflect all real estate activity.

Here is your Bellingham MA market report on single family homes for 2009!

There were 131 single family homes sold in 2009 with an average sold price of $275,097. The average list price was $282,193. This means that on average homes in 2009 in Bellingham MA sold for 97% of their list price! The average time on market was 124 days.

Compare this to 2008 where there were 130 single family homes sold with an average sold price of $295,397. The average list price was $308,405. The average home in 2008 in Bellingham MA sold for 95% of their list price in an average of 131 days.

What does this data mean for Bellingham MA homeowners? It's a sure sign that the market in our town has stabilized this year!

Single family homes are selling closer to their list price and with less time on the market!