Holland, Massachusetts, Real Estate Report for 2011
How did the real estate market perform in Holland, MA in the year 2011? As with many towns in South-Central Massachusetts, Holland saw a slow real estate market in 2011. Sales were slow, and prices were down. The graphs below show the story quite vividly:
Data Source: MLS PIN
Data Source: MLS PIN
You can see where the market has changed in the past ten years. Prices peaked in 2006, and volume peaked in 2003. For 2011, Holland real estate prices returned to 2002 prices (on average).
Let's not forget to consider the current market in Holland, MA, when we look at this information. Currently, there are 28 single family homes on the market. One has an accepted offer but is taking back-up offers. An additional four homes are under contract; two of these are bank-owned and one is a short sale.
Summary and Predictions for 2012
With nearly one-year's inventory on the market, it will take some time for each home to sell this year. The good news is that mild winter weather has buyers out and ready to look. The deals at the low end of the market will go quickly, primarily to investors who have cash, as these properties typically are in need of repair. But, homes that are in good condition will also sell, as they will appeal buyers in low-money-down programs like FHA. Also, Holland waterfront properties continue to hold their value and will be in demand this spring.
If you have a home to sell in Holland, MA, you will need to have your property in top condition in order for the property to meet strict lending requirements. If you plan to buy a home in Holland, MA, you will have many options from which to choose. Be sure your financial house is in order before you start looking, or you may cause delays in your own purchase.
Do you have questions about the Holland Massachusetts Real Estate Market? Please contact me at (508) 982-0686 or email@example.com
I will be happy to meet with you for a free consultation and help you get started on a successful home buying or selling journey.
Best in real estate,
Kathryn Acciari, REALTOR
RE/MAX Professional Associates of Sturbridge MA
Top 10 Agent in 2010 and 2011