Bristol County 3rd Quarter Market Report
|
|
Q2' 09 |
Q3' 09 |
|
|
|
|
|
|
|
Average Price |
$269,200 |
$274,500 |
|
|
# Homes on the Market * |
2,849 |
2,648 |
|
|
# Homes Sold ** |
747 |
886 |
|
|
# New Homes Built *** |
78 |
72 |
|
|
Avg # of Days on Market |
118 |
112 |
See the entire report by pressing HERE
Market Indicators for the 4th Quarter of 09 are that the Number of New Homes and the Number of Homes on the Market is going to increase. Sale price and the number of homes sold is expected to remain stable.
According to the MLS records the 3rd Quarter had leveled out to be a neautral market. Not a Seller's Market BUT not a Buyer's Market either. Homes that are priced accordingly are receiving multiple offers and are selling OVER asking price.
Bobbie Files
Your Bristol and Plymouth County Realtor
Visit my website at www.BerkleyMass.com
Search for Berkley Ma Homes at: http://BerkleyHomes.BerkleyMass.com
Search for Taunton Ma Homes at: http://TauntonHomes.BerkleyMass.com
For those struggling to pay your mortgage payments please visit: http://shortsales.berkleymass.com
ARE YOU INTERESTED IN PURCHASING ONE OF THE INCREDIBLE FORECLOSURE BUYS ON THE MARKET???
VISIT - http://JustForeclosures.BerkleyMass.com
With all the information out there avaiable to home sellers and home buyers, finding and getting the right information becomes a challenge.
Zillow is one of the most well known property valuation websites, but if you are using it to decide what to place your home on the market for or what the home you are looking to buy is worth you will getting inaccurate or irrelevant information.
This is a portion of the Zillow Data Coverage and Zestimate Accuracy graph. As you can see in Bristol County they are only within 5% of the sale price 24% of the time. That number is not good odds for either a seller or buyer to accurately price their home. In Plymouth County it goes down to 22%.
= Best Zestimate 
= Good Zestimate 
= Fair Zestimate 
= Tax assessor's value, or unable to compute Zestimate accuracy Depending on the jurisdiction where you live, this value could be the tax assessed, tax appraised, or market assessed value. This value comes from the taxing authority of the city, county or state where you live; this is not Zillow's value.
Note: Tax assessor's values differ from Zillow's Zestimate, which is computed by entering numerous data points into a proprietary formula, often resulting in a more accurate value estimate.
As you can see from the legend I pasted above they rate their own ability to be accurate. In Plymouth County they gave themselves 2 Stars which is Fair accuracy. For easier understanding to me that is a D. My son would have been grounded for months if he ever came home with a grade like that.
If you are a home seller or home buyer and would like an accurate Market Report please contact me and I will give you a no obligation report on your home or a home you are looking to purchase.
Bobbie Files
Your Bristol and Plymouth County Realtor
Visit my website at www.BerkleyMass.com
Search for Berkley Ma Homes at: http://BerkleyHomes.BerkleyMass.com
Search for Taunton Ma Homes at: http://TauntonHomes.BerkleyMass.com
For those struggling to pay your mortgage payments please visit: http://shortsales.berkleymass.com
ARE YOU INTERESTED IN PURCHASING ONE OF THE INCREDIBLE FORECLOSURE BUYS ON THE MARKET???
VISIT - http://JustForeclosures.BerkleyMass.com
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 July 1, 2009 - July 31, 2009.
Single Family Homes
Number of Homes on Market 61 (a rather high number of listings for such a small town)
Average Days on the Market 174 - The Market Time is signifying the homes are VERY overpriced
Number of Homes U.A.G 4 - that averaged only 130 days on the market (Price = Pace)
Average Price of U.A.G. Homes $329,300
Number of Homes Sold 6
Average Sold Price $262,304
| ~$278,975 As of July 3, 2009 ~$315,000 As of April 2, 2009 ~$300,750 As of March 3, 2009 ~$283,833 As of February 8, 2009 ~$250,000 As of January 8, 2009 ~$361,250 As of December 5, 2008 ~$259,125 As of November 2, 2008 ~$312,913 As of October 3, 2008 ~$435,000 As of September 3, 2008 ~$0 As of August 16, 2009 ~$334,250 As of July 9, 2008 ~$317,800 As of June 12, 2008 ~$418,333 As of May 1, 2008 ~$286,833 As of April 8, 2008 ~$180,000 As of March 8, 2008 ~$344,250 As of February 7, 2008 ~$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 $367,609
Lowest SALE Price $120,000
Highest SALE Price $392,000
July finished out with a huge amount of activity!!!!!!!! 10 home buyers have taken or are taking advantage of the $8,000 First Time Home Buyer Tax Credit. 10 home sellers have priced their home IN THE MARKET and have successfully sold their home. There is still pent up activity, plenty of buyers are jumping off the fence and buying. Position yourself as a Home SELLER not just a homeowner with your house on the market.
You want your home IN the market not ON the market.
The absorption rate has gone down to 6 months from 10 months in the month of February. Lots of inventory was purchased but lots was placed on the market as well! There has been a tremendous increase in the number of buyers in the marketplace - rates are at an historic low - the government is putting immense pressure on the banks to work WITH homeowners not AGAINST them and help them restructure their loans to try and prevent additional foreclosures from hitting the market. The lower end and modest homes are being absorbed much quicker that higher end homes. Homes over $400,000 are experiencing longer market times or are not selling at all and there is more downward pricing pressure. 17 homes of the 61 that are on the market are priced over $400,000 that is over 25% of the total homes for sale. BUT if you look at the highest sale price ($392,000) you can see that even though there is a large percentage of high end homes for sale that is NOT where the desire or activity is. As a homeowner you REALLY need to look non emotionally at the homes that have sold and judge based on the sale prices of the comparable homes and really see if your home should be priced over $400,000. If it is legitimally worth over the $400,000 mark take extra care and concern to price it as competitively as possible!!!
Lower and middle end homes are receiving multiple offers and even selling OVER asking price.
What do you need to know if you are a homeowner looking to sell?
Your home MUST (and I mean MUST) be in a condition that an F.H.A. or V.A. approved buyer can purchase call me to find out what steps you MUST take to ensure your home is in the condtion required by these mortgage programs
According to the facts of record we are still losing value. Not great news I know, but it stresses the importance of properly pricing your home UPFRONT!
Price it ahead of the curve and you will open your home up to the largest pool of potential buyers which will sharply lessen your market time AND increase your bottom line! I would rather see any seller get multiple offers to choose from than no offers at all.
Call me for a competent, accurate analysis of your home.
Bobbie Files
Your Bristol and Plymouth County Realtor
Visit my website at www.BerkleyMass.com
Search for Berkley Ma Homes at: http://BerkleyHomes.BerkleyMass.com
Search for Taunton Ma Homes at: http://TauntonHomes.BerkleyMass.com
For those struggling to pay your mortgage payments please visit: http://shortsales.berkleymass.com
ARE YOU INTERESTED IN PURCHASING ONE OF THE INCREDIBLE FORECLOSURE BUYS ON THE MARKET???
VISIT - http://JustForeclosures.BerkleyMass.com
Taylor Bean and Whitaker, (third largest FHA servicing lender in the country) has ceased operations effective immediately. They just sent out a press release. They will not be closing or funding ANY loans in their pipelines. They were simultaneously shut down by FHA, Freddie Mac and Ginne Mae. This is going to affect a great many loans in this area. They had a major branch in Braintree which serviced many brokers and lenders in this area.
If you applied and were approved for a mortgage with TBW or have a buyer on your home that is using TBW this loan will NOT close. There will be no more loans funded.
Bobbie Files Visit my website at www.BerkleyMass.com Search for Berkley Ma Homes at: http://BerkleyHomes.BerkleyMass.com Search for Taunton Ma Homes at: http://TauntonHomes.BerkleyMass.com For those struggling to pay your mortgage payments please visit: http://shortsales.berkleymass.com ARE YOU INTERESTED IN PURCHASING ONE OF THE INCREDIBLE FORECLOSURE BUYS ON THE MARKET???
Your Bristol and Plymouth County Realtor
VISIT - http://JustForeclosures.BerkleyMass.com
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 April 1, 2009 - June 30, 2009.
Single Family Homes
Number of Homes on Market 62 (UP 23 from last report!!!)
Average Days on the Market 151 - An abundance of homes placed on the market in the last 4 months
Number of Homes U.A.G 5 - that averaged only 63 days on the market (Price = Pace)
Average Price of U.A.G. Homes $237,480
Number of Homes Sold 8
Average Sold Price $278,975
| ~$315,000 As of April 2, 2009 ~$300,750 As of March 3, 2009 ~$283,833 As of February 8, 2009 ~$250,000 As of January 8, 2009 ~$361,250 As of December 5, 2008 ~$259,125 As of November 2, 2008 ~$312,913 As of October 3, 2008 ~$435,000 As of September 3, 2008 ~$0 As of August 16, 2009 ~$334,250 As of July 9, 2008 ~$317,800 As of June 12, 2008 ~$418,333 As of May 1, 2008 ~$286,833 As of April 8, 2008 ~$180,000 As of March 8, 2008 ~$344,250 As of February 7, 2008 ~$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 $370,375
Lowest SALE Price $110,000
Highest SALE Price $425,000
April, May and June finished with a fair amount of activity. 13 home buyers have taken or are taking advantage of the $8,000 First Time Home Buyer Tax Credit. 13 home sellers have priced their home IN THE MARKET and have successfully sold their home. There is still pent up activity, plenty of buyers are jumping off the fence and buying. Position yourself as a Home SELLER not just a homeowner with your house on the market.
You want your home IN the market not ON the market.
The absorption rate is sitting at 7.5 months from 10 months in the month of February. Lots of inventory was purchased but lots was placed on the market as well! There has been a tremendous increase in the number of buyers in the marketplace - rates are at an historic low - the government is putting immense pressure on the banks to work WITH homeowners not AGAINST them and help them restructure their loans to try and prevent additional foreclosures from hitting the market. The lower end and modest homes are being absorbed much quicker that higher end homes. Homes over $400,000 are experiencing longer market times and more downward pricing pressure. Lower end homes are receiving multiple offers and even selling OVER asking price.
What do you need to know if you are a homeowner looking to sell?
Your home MUST (and I mean MUST) be in a condition that an F.H.A. or V.A. approved buyer can purchase call me to find out what steps you MUST take to ensure your home is in the condtion required by these mortgage programs
According to the facts of record we are still losing value. Not great news I know, but it stresses the importance of properly pricing your home UPFRONT!
Price it ahead of the curve and you will open your home up to the largest pool of potential buyers which will sharply lessen your market time AND increase your bottom line! I would rather see any seller get multiple offers to choose from than no offers at all.
Call me for a competent, accurate analysis of your home.
Bobbie Files
Your Bristol and Plymouth County Realtor
Visit my website at www.BerkleyMass.com
Search for Berkley Ma Homes at: http://BerkleyHomes.BerkleyMass.com
Search for Taunton Ma Homes at: http://TauntonHomes.BerkleyMass.com
For those struggling to pay your mortgage payments please visit: http://shortsales.berkleymass.com
ARE YOU INTERESTED IN PURCHASING ONE OF THE INCREDIBLE FORECLOSURE BUYS ON THE MARKET???
VISIT - http://JustForeclosures.BerkleyMass.com
 |
|
|
Information on SouthEastern Massachusetts including Bristol and Plymouth Counties. Visit www.BerkleyMass.com for area resources and to search the MLS for your new home.
The Greater Taunton/Berkley area is approximately 25 miles south of Boston, 30 miles west of Cape Cod and 15 miles north of Providence. The location is perfect for commuters as it has access to Route 24, Route 495 and is 15 miles from Route 95. With the commuter rail line in Lakeville, driving to Boston is no longer necessary.
I cover all aspects of Residential Real Estate however, I most enjoy working with first time homebuyers. I find working with a first time homebuyer one of the most rewarding parts of my business. I specialize in the Berkley and Greater Taunton Areas.
The marketing and sale of seller distressed properties, Short Sales, is a specialty that I have been highly trained and educated in and is also the area that I have more experience than most other agents. I regularly teach classes to agents at my company on how to effectively handle these types of sales.
Most of the agents currently in the industry have under 5 years of experience which can leave you at a disadvantage. That level is fine in an "Order Taker's" Market or more commonly known as a Seller's Market as there is minimal skill and marketing experience needed. Having someone with over 14 years of experience in your corner will give you a level of comfort that all details of the transaction are being handled properly so that you can have a smooth purchase or sale.
For some real estate tips and pointers visit www.berkleymass.com
Thanks a million times! I never heard of a short sale, but you did it! Life is easier for me now. Thanks again!
George F. Freetown
Bobbie again you helped me!! You know I couldn't have done this without you. Thanks for everything.
S.F., Assonet
I got the right house at the right price! You worked very hard to find and then help me purchase my home. Thank you.
L.W. Assonet
You got us out of a very bad situation and we greatly appreciate it!
K.K. Berkley
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
