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 April 1, 2008- April 30,2008.
Single Family Homes
Number of Homes on Market 48 (no change since last report)
Average Days on the Market 153
Number of Homes U.A.G 3
Average Price of U.A.G. Homes $323,133
Number of Homes Sold 3
Average Sold Price $418,333
~$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 $438,387
Lowest SALE Price $370,000
Highest SALE Price $465,000
MY LAST MARKET UPDATE WAS APRIL 8 AND THE AVERAGE SALE PRICE WAS $286,833.
The number of home sales has stayed steady.Right now there is approx. 8 months worth of inventory on the market, which is still strongly saying it is a Buyer's Market. 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 8 months for all the homes to be sold, assuming that they are all priced correctly. With the spring market finally upon us and the Federal Reserve taking strong steps to keep the interest rates down we may be nearing the bottom of the pricing. How does this effect you?
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 8th month at a lower price than what you would have received had it been priced competitively in the beginning. 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! 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. 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
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