Massachusetts Multi-family Sales Rise - 01/31/10 02:20 PM
Multi-family home sales were up 5.2 percent in 2009 compared to 2008, from 6,348 homes sold in 2008 to 6,681 homes in 2009, the Massachusetts Association of REALTORS® reported January 26, 2010. 
Median sales prices for multi-family homes decreased 10.6 percent from $212,500 in 2008 to $190,000 in 2009.
Bank-owned multi-family homes, which typically need tens of thousands of dollars in repairs, certainly brought the median price down.
… (0 comments)

Merrimac, MA Single-family Home Sales, Median Prices Decline in October - 01/31/10 02:12 PM
The median price for single-family homes sold in Merrimac, Massachusetts during October of 2009 was $290,500, a decrease of 32.4 percent when compared to the previous October. The decline in October 2009 median price followed a 3.9 decrease from October 2007 to October 2008, with a median price of $430,000. During October 2006, the median price was at its lowest in the past four years, at $290,000, although only one home was sold.
The number of sales has remained reasonably low, with a range of 3 sales, during the month of October from 2006 to 2009. The most sales recorded in the … (0 comments)

Auction Notices Rise in Massachusetts - 01/31/10 02:04 PM
Massachusetts home auction announcements rose slightly in 2009, The Warren Group, publisher of Banker & Tradesman reported January 21, 2010.
A total of 19,441 auction announcements were tracked in 2009, a 0.9 percent increase from 19,270 in 2008. Auction announcements in December 2009 totaled 1,931, a 13.3 percent decline from 2,226 in November, but a 60.1 percent jump from 1,206 during the same month in 2008.
Search Massachusetts Foreclosure Listings. … (0 comments)

Less Than 5 Percent of Massachusetts Home Sales are Bank-owned Properties - 01/31/10 01:56 PM
A total of 1,884 Massachusetts single-family home sales were of bank-owned properties, representing 4.5 percent of all single-family homes sold in 2009, The Warren Group reported January 26, 2010.
Bank-owned properties accounted for 5.2 percent of all single-family home sales in Massachusetts in 2008.
A total of 1,035 sales were of bank-owned condos, accounting for 5.5 percent of all condo sales last year. That is an increase from 2008, when Massachusetts bank-owned condo sales represented 4.5 percent of all condo transactions.
Find Massachusetts Foreclosure Listings
… (1 comments)

Number of Massachusetts Foreclosures Initiated Increase in 2009; Completed Foreclosures Decline - 01/31/10 01:51 PM
The number of foreclosures initiated in Massachusetts increased 28.1 percent in 2009 to 27,928 from 21,804 in 2008 but 2009's numbers reflected a 5.5 percent decline compared to 2007, The Warren Group, publisher of Banker & Tradesman, reported January 21, 2010.
Meanwhile, the number of completed foreclosures declined 25.4 percent to 9,269 last year from 12,430 in 2008, but 2009 had 21.1 percent more completed foreclosures than the 7,653 foreclosures recorded in 2007.
Foreclosure petitions, the first step in the Massachusetts foreclosure process, reached 2,060 in December, a 6.4 percent increase from 1,937 in November and 26.8 percent higher than the 1,625 … (0 comments)