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As we approach the end of October the real estate market is begging for qualified buyers.

By
Real Estate Agent with SB&A Realty Group

As we approach the end of October the real estate market is begging for qualified buyers. There is plenty of inventory and the combination of price and mortgage rates couldn’t be better.

 

Over the past month 85 single family homes sold in the greater Fall River area, including Fall River, Somerset, Swansea, Westport, Dartmouth Freetown, Dighton Buyers wanted in Greater Fall Riverand Berkley. The priciest property included 2 historic capes on 95 acres, a pond, barn and greenhouse and sold for over 2 million dollars. At the other end of the spectrum was a 5 room, 951 square foot cape, in need of updates, on an 11,400 square foot lot, which sold for $75,000. The remaining 83 properties ranged in selling price from $80,000 to $790,000, had an average list price of 265,196 and average sale price of $249,942.

 

One of these fortunate buyers found 3 bedroom, 2 bath classic cape, in move in condition, in Somerset, with a wood burning stove, hardwood floors throughout, a 3 season room overlooking a private back and beautiful in ground pool for $220,000. Another lucky family is living in their well maintained, 3 bedroom ranch in Dartmouth. This one included a new furnace, Harvey windows, an updated kitchen with Corian countertops, gleaming hardwood throughout, a fireplace, off street parking for 5 cars and attached carport all for $205,500.

 

Interest rates are at an all time low and that can be more important than the house price over the life of a mortgage. At today’s rates the monthly payment on a  $200,0000 property would be right around $900 a month. Add to that taxes, PMI and insurance and you could expect to be living in your own home, where you get to decide what color to paint, how to decorate for the holidays, where your kids can play in the yard, or you can have a garden, and enjoy all the plusses of owning your own home for roughly $1250 per month.

 

Homes for sale in greater Fall RiverIn the greater Fall River area there are 288 single family homes for sale between $150,000 and $250,000, and another 331 between 250,000 and $400,000. If you have good credit, steady income, and some savings for a down payment, this is no better time than NOW to be buying a home.

 

 

For more about the Greater Fall River area, visit my website at  www.stevew-homes.com  or contact me directly at 508-558-8035.