Taunton, MA

As of today, there are 183 single family homes on the market in Taunton. For the homes that are on the market, the average price change has been a 6.67% decline. The good news is that there are 25 homes under agreement and they were on the market an average of 99 days and in the last 30 days there have been 25 single family homes that have sold.

Current sellers need to realize that pricing is everything in this market. Every seller is in a price war and a beauty pageant. They have to offer the best home for the best price. This past week I had a home sell in 1 day in Brockton where there are 420 single family homes on the market. Pricing & great condition solve all problems in the market.

Located in Bristol County, Taunton, MA was once known as the "Silver City" because it was the center of the Silver Industry in the 19th Century, producing fine silver products sold worldwide through several companies like Reed & Barton, which still exists today.

Taunton has since the same downturn that most of Massachusetts has seen in these tough economic times. The first half of 2007 saw 158 Single Family House Sold Listings that had an average list price $298,921 and an average sale price of $289,512. The first half of 2008 where there were 137 Sold Listings with an List of $280,054 and an average sale of just $268,596.

The third quarter of 2007 had 86 Sold Single Family Listings with an average list price of $295,828 and an average sale of $285,472. In stark contrast to the 79 Sold Listings in the third quarter of 2008 that had an average list of $255,186 and an average sale of $244,641.

This information is based on the MLS sales records for the mentioned time periods for single family homes that sold. If you are a homeowner who has bought in the last few years this news is not easy to hear. It does however present opportunities for buyers in the First Time Buyer Market, due to the interest rates sagging below 6% and the home prices dropping so significantly.

In addition, There is a new tax "credit" that was passed on a temporary basis that allows for up to $7500 tax credit /interest free loan for any first time buyer for any qualified purchase between April 9, 2008 and June 30, 2009, which can be beneficial in helping couples transition into homeownership.

The stars are aligning for buyers in a way we haven't seen for awhile. If you'd like to capitalize on this opportunity or have questions regarding the new tax credit, please feel free to call the Ray-the-Realtor Team at 508-922-1961.

Maybe its just me, maybe not..

After visiting several websites and television news stations, I am struggling to figure out the basics of this bailout. What I know so far is that the government will not be aimlessly giving 700 billion dollars to bail out troubled financial institutions and buy out their assets.

The plan as I see it so far..

The government will not allow US citizens to be taxed as a direct result of the bail out

The financial institutions will be accountable

The government will aide in financial and mortgage backed securities insurance.

They will buy out troubled assets from banks.. I wonder if this means cars too?. mm..

I am sure we will all have our questions answered soon.

Here are a few questions I have:

Will pre-foreclosure loans be affected by the bail-out. I read briefly about loans made prior to March 2008.

Will banks hold onto to their foreclosed homes, waiting for government intervention?

What about homes listed as short sales? Where do the homeowners stand now?

Many consumers think the real estate selling prices will increase. This may or may not be the case. I believe we have a long way to go? Banks are still more and more conservative in loaning money.

I do realize that my questions are preliminary but maybe someone out there can interpret better.. any ideas?

Lori Lincoln

508-878-0917

my website: http://LoriLincolnTeam.com

email: lorilincoln@kw.com

Keller Williams Realty

Written by Lori Lincoln, Real Estate Professional in Taunton August 31, 2008 9:00 PM in Home Buying | Taunton

Shew, This weekend has been busy, busy, busy. From Friday evening on, non-stop buyer calls on listings and several scheduled showings. Open Houses, Offers etc.

Which reminds me of a quick story I wanted to share with you:
I worked an open house today. One of the potential buyers found a small garden snake in the back yard.. he picked it up and of course, I shreak. I would not let him back in for a second look at the house until he put the snake back... he finally obliged. The only living creature on God's green earth that I loathe is the snake.. Am I the only one? Even this buyers wife laughed at me for being foolishly scared of the little guy...
I digress..

Lots of activity. Home Buyers are realizing that they really should buy before next year. Interest rates are creeping up.

So now we have a race to the finish line of 2008. Several well priced homes are receiving multiple offers. In some of our cities and towns like Easton inventory didn't increase this month... it shrunk!

Bank owned properties seem to be selling quicker in the Taunton Area.The banks that own these homes have become motivated sellers. Buyers for these homes are usually real estate investors looking to fix and flip to another buyer for a profit.

Some areas of Massachusetts especially in the 495 belt are even seeing some signs of stabilization.

Wouldn't you agree that it's time to get off the fence, get in the race and get serious about your home buying and selling goals?

Thank you for reading my blog.

Lori Lincoln- Realtor Lincoln Team
Keller Williams Realty
508-878-0917
http://LoriLincolnTeam.com
email lorilincoln@kw.com

Lori Lincoln is the lead consultant of Lincoln Team Real Estate- Keller Williams Realty
Serving the home sellers and buyers in Dighton Massachusetts, Rehoboth, Massachusetts,
Taunton, Seekonk, Somerset, Fall River, Berkley, Assonet and Southcoast Ma real estate listings and mls search in Ma

Clean Classic 4 square Country Charm is what you'll find in this 4 bedroom 1.5 bath spacious Colonial in the suburban section of Taunton. If you love Hardwood Floors, you will find them under carpet in the living room and throughout the entire home. Sip Lemonade on the Trex Front Porch and chat with your neighbors. Yard is fenced in for pets and/or children to play. Come and see. This home is a charmer!

Back Yard has 2 fenced areas

Front of House

Dining Room with built in Hutch

For more photos, go to http://www.LoriLincolnTeam.com

You will also find homes and real estate listings for all of Massachusetts. Lori Lincoln is a Keller Williams agent and sells homes in Greater Taunton Massachusestts and surrounding areas.

Thank you for viewing my blog.

Lori Lincoln/Realtor-Partner

Keller Williams Realty

508-878-0917

http://tauntonhomelistings.com

http://LincolnTeamRealEstate.com

http://LoriLincolnTeam.com

you cn email Lori at lorilincoln@kw.com