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 March 1, 2008- March 31,2008.
Single Family Homes
Number of Homes on Market 48 (UP 2 since last report)
Average Days on the Market 147
Number of Homes U.A.G 7
Average Price of U.A.G. Homes $349,814
Number of Homes Sold 3
Average Sold Price $286,833
~$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 $441,679
Lowest SALE Price $218,000
Highest SALE Price $340,000
MY LAST MARKET UPDATE WAS MARCH 8 AND THE AVERAGE SALE PRICE WAS $180,000.
The number of home sales has gone up from February's dismal total!! Right now there is approx. 5 months worth of inventory on the market, much...much better than last month's 23! What that means is if no more homes came on the market and all the current homes stayed on the market until they sold it would take 5 months for all the homes to be sold, assuming that they are all priced correctly. As you can see the spring market is bringing buyers out looking. The government lowering interest rates is helping with that.
How does this effect you?
Right now you have a 1 in 5 chance of selling your home in under the 5 month absorption time. Not the greatest odds, but certainly better than what they were!
Better your odds for a more timely sale by pricing your home ahead of the curve! Pricing it AT the curve in a declining market will put you in line to sell on the 5th month with the lower price. Remember: Time is NOT on your side in a declining market.
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!
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
Some analysts predict that market conditions will continue to deteriorate, as foreclosure activity mounts and more homes are sold at discount prices.
It's a simple supply-and-demand situation. We have an oversupply of homes for sale and unfortunately we have dwindling demand, not because interest rates are so high - they're not - but because buyers are cautious, especially first-time buyers. They don't want to buy a house and find out a year later that the price is 10 percent to 15 percent lower than they paid.
We have a lot of people sitting on the fence because they are concerned with what's happening with the economy.
But what we do have is opportunities. Every market has a cycle and every cycle is an opportunity for someone and this is a cycle for first-time buyers, especially because of new conforming loan rates!
Homeowners who are selling properties that appeal to first-time buyers also can benefit. You'll get less for the home you're selling but you'll be paying less for the home you're buying.
Bobbie Files
www.BerkleyMass.com
bobbiefiles@kw.com
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 February 1, 2008- February 29,2008.
Single Family Homes
Number of Homes on Market 46 (UP 4 since last report)
Average Days on the Market 143
Number of Homes U.A.G 1
Average Price of U.A.G. Homes $306,400
Number of Homes Sold 1
Average Sold Price $180,000 ~$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 $438,370
Lowest SALE Price $180,000
Highest SALE Price $180,000
MY LAST MARKET UPDATE WAS FEBRUARY 7 AND THE AVERAGE SALE PRICE WAS $344,250.
ONLY 1 home sale for the entire month of February! Right now there is 23 months worth of inventory on the market. What that means is if no more homes came on the market and all the current homes stayed on the market until they sold it would take 23 months for all the homes to be sold.
How does that effect you?
Right now you have a 1 in 23 chance of selling your home in under the 23 month absorption time. Not great odds!
Better your odds for a more timely sale by pricing your home ahead of the curve! Pricing it AT the curve in a declining market will put you in line to sell on the 23rd month. Time is NOT on your side in a declining market.
Pricing behind the curve, well that will put you behind the market time which means more than the current 23 months. EEEKKK!!
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!
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
According to Banker and Tradesman there was a 100% increase in the amount of foreclosures in Bristol County in January 2008 in comparison to January 2007. The foreclosures place a tremendous downward pressure on home prices.
SOLUTION......if you know of anyone who is in a situation where they may be facing foreclosure have them contact me. As the area specialist in Short Sale Negotiations I may be able to assist them in preventing the foreclosure on their home. A short sale is a win-win for all parties.
Contact me at bobbiefiles@kw.com or call me on my cell phone at 508-789-0217.
Visit www.berkleymass.com or www.shortsalemassachusetts.com for more information.
Bobbie Files
REALTOR
Keller Williams Realty
508-238-5000 x.296 Office
508-789-0217 Direct
www.BerkleyMass.com
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
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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
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