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Michael Prescott Blackstone Valley Worcester County Homes

Douglas MA Picture Tour- Get a flavor of The Blackstone Valley

Douglas Town Sign

Douglas Ma is a small town in the Blackstone Valley, which is part of Worcester County.

The Blackstone Valley has the Blackstone River running through it and the towns surrounding it helped in the early american industrial revolution in the 1800's.

The town is located just South of the City of Worcester, the town borders CT and is just North of the border of Rhode Island. It is 30 Minutes North of Providence,RI

Douglas Barn

It is a beautiful town full of diverse homes. From the rural beginnings and farm houses, to the beautiful Colonials and close knit neighborhoods that have been build within the last 5 to 10 years.

Mumford River Douglas MA

Douglas Town Hall

From the Rivers of the Mumford and Blackstone River that run through the Area and the Douglas Forest where there is much to see. You can't beat this quaint town.

For more information on the Town of Douglas, MA Click Here

For information regarding homes for sale, foreclosures, condos Click Here

For any more info on Worcester County, Blackstone Valley and its Real Estate options feel free to contact me by clicking Here

Douglas, MA December 08 Market Report

In my continuing efforts to keep my customers educated on the current market conditions, I have compiled some statistics for you on recent home sale trends and a comparison to previous years.

Town of Douglas,MAEntering Town of Douglas

December 08 Market Statistics

Area:

Douglas, MA

Property Type

Single Family

Month/Year

Average Sale Price

Average Days on Market

Total Homes Sold

Dec2007

$392310

237

5

Dec2008

$350000

171

5

Difference

$-42310

-66

0

% Change

-10.7%

-27.8%

0%

Yearly

Statistics

All 2007

$367522

182

68

All 2008

$314347

175

61

Difference

$-53175

-7

-7

%Change

-14.5%

-3.8%

-10.3%

This information is obtained from the Multiple Listing Service (MLS) in the state of Massachusetts.

Based on the Monthly comparison to last years information, it could be considered a Buyers market.

  • The number of homes sold has not changed from last year at this time.
  • The average selling price has significantly decreased from December last year, by almost 11%.
  • The average DOM (days on market) has significantly decreased from last year.

With the Average Sale Price significantly decreased by 10+% it shows the market is weak on price and should be considered a Sellers Market. Total Homes sold showing no change indicates stable market with no indication of buyers or sellers market. Days on Market shows a major decrease for the month, but in relation to the marketplace as a whole puts it at the generalized average of almost 6 months rather than the previous of almost 8 months which was unusual. REMEMBER in any one month statistics can be dramatic as the sampling size is small.

Based on the Yearly comparison information above, it could also be considered a Buyers market.

  • The number of homes sold has decreased from last year at this time by over 10% .
  • The average selling price has significantly decreased from last year by almost 15%.
  • The average DOM (days on market) has decreased slightly from last year.

With all three indicators: the Average Sale Price, Total Homes sold showing decreases, along with Days on Market showing an increase they show that the market is weak and continued to be weak over this period. This is a more significant period as it covers the full year and the sampling size is representative of what is truly happening in the Market for Douglas.

Barn in Douglas

For more info on the town of Douglas click here

For foreclosure info on Douglas click here

For info on properties for sale in Douglas click here

Real estate trends can vary greatly from town to town and region to region. If you are considering some other areas and would like market statistics for those areas, please contact me by clicking here or this picture link: Remax Innovations

According to my lender partners, the interest rate for a 30 year fixed mortgage is currently 5.5% for a conventional loan and 6% for an FHA loan.(based on the date of this submission) So, all things considered, it is a great time to buy!

I hope that this information is useful to you. Please let me know if you would like any additional information or to begin a home search click here. I am always available to assist you.

Blackstone, MA December 08 Market Report

In my continuing efforts to keep my customers educated on the current market conditions, I have compiled some statistics for you on recent home sale trends and a comparison to previous years.

Town of Blackstone, MATown of Blackstone Sign

December 08 Market Statistics

Area:

Blackstone, MA

Property Type

Single Family

Month/Year

Average Sale Price

Average Days on Market

Total Homes Sold

Dec2007

$277960

235

5

Dec2008

$223000

45

1

Difference

$ -54960

-190

-4

% Change

-19.7%

-80%

-80%

Yearly

Statistics

All 2007

286988

173

67

All 2008

262514

165

43

Difference

-24474

-8

-24

%Change

-8.6%

-4%

-35.8%

This information is obtained from the Multiple Listing Service (MLS) in the state of Massachusetts.

Based on the Month comparison information above, it could be considered a Buyers market.

  • The number of homes sold has significantly decreased from the same month last year at this time.
  • The average selling price has significantly decreased from last year, although it is based only on 1 sold property.
  • The average DOM (days on market) has significantly decreased from last year, but again it is based on the sale of only 1 property being sold this month.

With both the Average Sale Price and Total Homes sold showing decreases, these are the major indicators that the market is weak and continued as such over this time period. REMEMBER in any one month statistics can be dramatic as the sampling size is small.

Based on the Yearly comparison information above, it could also be considered a Buyers market.

  • The number of homes sold has decreased significangtly from last year at this time by almost 36%
  • The average selling price has significantly decreased from last year by almost 9%.
  • The average DOM (days on market) has decreased slightly from last year.

Again with both the Average Sale Price and Total Homes sold showing decreases, these are the major indicators that the market is weak and continued to be weak over this period. This is a more significant period as it covers the full year and the sampling size is representative of what is truly happening in the Market for Blackstone.

Blackstone River

For more info on the town of Blackstone click here

For more info on Foreclosures in Blackstone click here

For more infor on properties for sale in Blackstone click here

Real estate trends can vary greatly from town to town and region to region. If you are considering some other areas and would like market statistics for those areas, please contact me by clicking here or this picture link: Remax innovation

According to my lender partners, the interest rate for a 30 year fixed mortgage is currently 5.0% for a conventional loan and 5.5% for an FHA loan.(based on the date of this submission) So, all things considered, it is a great time to buy!

I hope that this information is useful to you. Please let me know if you would like any additional information or to begin a home search click here. I am always available to assist you.

Mastermind type groups: How to get one going

Active rain newbie, still finding my way around the horizon here. I have heard a lot regarding Mastermind groups. The question is are they alot like BNI groups? What I am hearing is the Mastermind groups tend to be more single focused on one business group, ie: Realtors, etc...

Is it more of a sharing of ideas to progress forward for your business, or is it a building business model like a BNI? I see BNI groups as having only 1 of each discipline in it: ie; lawyer, home inspector, contractor, home designer, realtor, mortgage broker.... and with it they share ideas, contacts and grow their business from within themselves.

What works better as a whole for most? Finding a BNI opening around here is tough, what about starting ones own group of a combo of the two? Your ideas and guidance are and have been greatly appreciated.

Sorry if this is a rehash of many other newbie posts

Uxbridge MA December 08 Market Report

In my continuing efforts to keep my customers educated on the current market conditions, I have compiled some statistics for you on recent home sale trends and a comparison to previous years.

Town of Uxbridge, MAUxbridge Town Sign

December 08 Market Statistics

Area:

Uxbridge, MA

Property Type

Single Family

Month/Year

Average Sale Price

Average Days on Market

Total Homes Sold

Dec2007

$315722

188

9

Dec2008

$236250

152

4

Difference

$ -79472

-36

-5

% Change

-25%

-19%

-55%

Yearly

Statistics

All 2007

336900

160

90

All 2008

290945

128

79

Difference

-45955

-32

-11

%Change

-13.6%

-20%

-12%

This information is obtained from the Multiple Listing Service (MLS) in the state of Massachusetts.

Based on the Month comparison information above, it could be considered a Buyers market.

  • The number of homes sold has significantly decreased from this same month last year at this time.
  • The average selling price has significantly decreased from last year by 25%.
  • The average DOM (days on market) has decreased from last year.

With both the Average Sale Price and Total Homes sold showing decreases, these are the major indicators that the market is weak and continued as such over this time period. REMEMBER in any one month statistics can be dramatic as the sampling size is small.

Based on the Yearly comparison information above, it could also be considered a Buyers market.

  • The number of homes sold has decreased from last year at this time by 12% .
  • The average selling price has significantly decreased from last year by almost 14%.
  • The average DOM (days on market) has decreased significantly from last year.

Again with both the Average Sale Price and Total Homes sold showing decreases, these are the major indicators that the market is weak and continued to be weak over this period. This is a more significant period as it covers the full year and the sampling size is representative of what is truly happening in the Market for Uxbridge.Uxbridge Chestnut St

For more info on the town of Uxbridge click here

For foreclosure info on Uxbridge click here

For info on properties for sale in Uxbridge click here

Real estate trends can vary greatly from town to town and region to region. If you are considering some other areas and would like market statistics for those areas, please contact me by clicking here or this picture link: Remax Image

According to my lender partners, the interest rate for a 30 year fixed mortgage is currently 5.5% for a conventional loan and 6% for an FHA loan.(based on the date of this submission) So, all things considered, it is a great time to buy!

I hope that this information is useful to you. Please let me know if you would like any additional information or to begin a home search click here. I am always available to assist you.