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