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, 2009 - February 28, 2009.
Single Family Homes
Number of Homes on Market 40 (down 1 from last report)
Average Days on the Market 223 - A few Expired Re-Lists at more realstic prices
Number of Homes U.A.G 2 - An average of 152 days to get the buyer! 1 in 7 days the other in 297 days can you see the reasoning of Price=Pace
Average Price of U.A.G. Homes $344,450
Number of Homes Sold 2
Average Sold Price $300,750
~$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, 2008
~$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 $350,256
Lowest SALE Price $292,500
Highest SALE Price $309,000
The absorption rate jumped to 10 months in the month of February. Not the greatest of news. But there are some positives happening in our market - 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.
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
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