West Bridgewater, MA

What’s Selling – and What’s Not – in West Bridgewater MA in January 2012

On average, homes for sale in West Bridgewater MA in January 2012 are on the market for 89 days before they are sold. However, homes in some price ranges are taking a longer time to sell as compared to homes in other price ranges.

The absorption rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. That means it’s the rate at which available homes are sold in a specific real estate market during a given time period. In other words, the figure shows how many months it will take to exhaust the supply of homes on the market if no other homes were listed for sale.

The higher the absorption rate (or the less the number of days homes are on market), the higher the probability that the supply of available homes will shrink rapidly. When the absorption rate is high, a homeowner can sell his or her home for more money in a shorter period of time. When the absorption rate is low, a home buyer will have a larger inventory of homes to choose from, and may be able to buy a home for less money.

· 1 to 4 months supply of homes – has a high absorption rate. This is a Sellers’ Market.

· 5 to 6 months supply of homes – has a normal absorption rate. This is a Normal Market.

· 7 or more months supply of homes – has a low absorption rate. This is a Buyers’ Market.

Below is a chart of the number of days single family homes are on the market in West Bridgewater MA until sold:

As the graph shows, the following are the number of days the average home for sale in a given price range is on the market before sold:

• $100k - $150k: 97 days on market (Seller’s Market)
• $150k - $200k: 151 days on market (Normal Market)
• $200k - $250k: 68 days on market (Seller’s Market)
• $250k - $300k: 40 days on market (Seller’s Market)
• $300k - $400k: 104 days on market (Normal Market)
• $400k - $500k: 75 days on market (Seller’s Market)

So what does all this mean?

A snapshot of the number of days homes are on the market in a given price range before sold (or the absorption rate) gives both home buyers and home sellers a better idea on how to negotiate the purchase or sale of a home in West Bridgewater MA.

If you’re looking to buy a home in the $100k - $150k price range, the $200k - $300k price range, or above $400k, you may find that sellers aren’t negotiating as it’s taking less than 3 months on average to sell a home in these price ranges.

However, if you’re looking in the $150k - $200k price range or the $300k - $400k price range, you’ll find that it’s a normal market for homes in these price ranges. Lowball offers won't cut it in a market like this, but sellers aren't in control of the market either. Both buyers and sellers should be reasonable when negotiating the purchase and sale of a home in these price ranges.

For more information about what’s selling and what’s not in the West Bridgewater MA real estate market, or if you any questions about the home buying or selling process, or if you're ready to buy or sell a home, please contact me.

Home Sales Prices Bridgewater MA

Number of days until single family homes are sold in West Bridgewater MA in January 2012

The Trend in Home Prices in West Bridgewater MA in January 2012 – Improving, or...?

Prices of single family homes in West Bridgewater MA in January 2012 on average have been falling in recent months! Home prices in January 2012 on average are up 12.6% compared to January 2011, and they are down 6.4% since July of 2011. It’s important to note that on average, home sales prices in West Bridgewater have remained fairly level over the past 2.5 years.

However, the average listing price of single family homes for sale in West Bridgewater MA in January 2012 is $285,140, up 13.6% from a month ago. Compare this to the current median sales price of $275,000 - where half of sales are above this amount and half below it.

Below is a chart of the trend of median sales prices of single family homes sold in West Bridgewater MA over the past 5 years through January 2012:

Meanwhile, the number of single family homes sold per month in January 2012 in West Bridgewater MA has increased 19.1% from the average over the last 12 months.

Below is a chart of the trend in the number of monthly settlements of single family homes sold in West Bridgewater MA over the past 5 years through January 2012:

So what does all this mean? Well, if you're looking for a home in West Bridgewater MA, you may be able to find a bargain. Mortgage rates are at historical lows, and while sales prices of homes are down, sales of homes are up.

You can still buy a home with no money down with a VA Loan or with a USDA Rural Development Home Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing loan, you can purchase a home with as little as 3.0% down. When you’re ready to buy a home, find out how much house you can afford to buy in West Bridgewater MA or in the surrounding area.

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For more information about home values and the real estate market in West Bridgewater MA, if you any questions about the home buying or selling process, or when you're ready to buy or sell a home,please contact me.

The Trend in Home Sales in West Bridgewater MA 02379 – Improving, or...?

Home prices in West Bridgewater on average have been falling in recent months! Home prices on average are down 16.3% compared to 2010, and they are down 9.3% since August of 2011.

The current average listing price of homes for sale in West Bridgewater MA is $308,487, down 1.0% from a month ago. Compare this to the current median sales price of $238,500 - where half of sales are above this amount and half below it.

Below is a chart of the trend of median prices of homes for sale in West Bridgewater MA over the past 3.5 years through December 2011:

So what does all this mean? Well, if you're looking for a home in the town of West Bridgewater, you may be able to find a bargain. While sellers aren't in control of this market, buyers still should be reasonable in their offers when negotiating.

You can still buy a home with no money down with a VA Loan or with a USDA Rural Development Home Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing loan, you can purchase a home with as little as 3.0% down. When you’re ready to buy a home, find out how much house you can afford to buy in West Bridgewater or in the surrounding area.

Be sure to contact me, Lew Corcoran, toll free at 1-800-941-5616, when you're looking to get pre-approved for a purchase of your next home. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.

The Trend in Home Sales in West Bridgewater MA 02379 - Improving, or...?

Home prices in West Bridgewater on average are rising! Home prices have risen 38.0% since June of 2011.

However, the current average listing price of homes for sale in West Bridgewater, MA is down. The average listing price is $301,163, down 3.1% from a month ago. Compare this to the current median sales price of $307,000 - where half of home sales are above this amount and half are below it.

Below is a chart of the trend of median sales prices of homes in West Bridgewater, MA over the past 3 years through August 2010:

Median Sale Prices of Homes in West Bridgewater, MA

The number of home sales in West Bridgewater, MA is down 10.0% from year ago levels:

Number of Home Sales in West Bridgewater, MA

So what does all this mean? Well, if you're looking for a home in the town of West Bridgewater, you better not mess around too much. While the total number of homes sold is down, prices of homes are climbing.

You can still buy a home with little or no money down. You can buy a home with no money down with a VA Loan or a USDA Rural Development Home Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing Loan, you can purchase a home with no money down or with as little as 3.0% down. When you're ready to buy a home, find out how much house you can afford to buy in West Bridgewater or in the surrounding area.

Be sure to contact me, Lew Corcoran, toll free at 1-800-984-3341, when you're looking to get pre-approved for a purchase of your next home in West Bridgewater or in the surrounding area. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.

A new 77,000 square foot mall is being planned for West Bridgewater. Waterstone Retail Development is seeking permits from various town boards to build the complex on a nine-acre property at 352 West Center Street. The mall would be developed similar to Hingham's Derby Street and Legacy Place in Dedham. The proposed mall would include a supermarket chain. The nearest mall closest to the proposed location is the Westgatemall. West Bridgewater is located in Plymouth County. The town is mostly residential with a great small-town and country atmosphere. Many prospective home buyers are interested in West Bridgewater because of this great small town-feel and its proximity to Boston. Are you looking to buy? Interested in West Bridgewater? Currently there are 14 moderately priced single-family homes listed for sale in West Bridgewater. Contact me to start receiving listings today.

Melissa A. Juarez - Broker/Owner

Massachusetts Buyers Broker Agency, LLC - Exclusive Buyer's Agency

www.massachusettsbuyersbrokeragency.com

majesq82@yahoo.com