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BERKLEY - MARKET REPORT FEBRUARY 2008

By Bobbie Files

Real Estate Agent with Success Real Estate

February 07, 2008 07:09 AM

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 January 1, 2008- January 31,2008.

Single Family Homes

Number of Homes on Market              42 (UP 4 since last report)

Average Days on the Market             154

Number of Homes U.A.G                     2

Average Price of U.A.G. Homes         $322,400

Number of Homes Sold                    4

Average Sold Price                          $344,250              ~$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                       $434,276

Lowest SALE Price                            $235,000

Highest SALE Price                           $461,000

MY LAST MARKET UPDATE WAS JANUARY 8 AND THE AVERAGE SALE PRICE WAS $349,000.

2 of the 4 January sales in Berkley were foreclosed or bank assisted home sales.  Foreclosed home sales bring down the value of every other home for sale. A Split Entry Raised Ranch with a 1 car attached garage sold at $235,000!!!! Buyers do not care who owns the home if they can get a $20,000 to $50,000 savings on it. Competing with these properties is tough. You need to make sure your home is in Tip Top condition, shows beautifully and is easy for a buyer to see.

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!!!