The market bounced back from the little breather it took during the month of June. Sales volume in July was up 13.28% over last month, climbing up to 145 transactions from the 128 transactions posted in June, erasing just a bit more than half of the sales volume drop that occured from May to June. Also worth noting is that sales volume was up 21.85% when compared to July 2011. This, seemingly, is a pretty healthy sign for the local real estate market, seeing that July is well within the traditional summer vacation season and people are generally a bit more focused on summer fun and festivities than they are about housing. While the median sale price dipped 5.38% to $204,850. we saw a spike in the mean sale price in June, up 30.13% to $331,392. Taking a closer look at the sales, we note one $10,000,000. + pending sale, comprised of the 50 acre ocean front Truesdale Farm property on Brayton Pt. Rd. in the town of Westport. These sales statistics cover the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal monthly activity for residential properties that went under agreement from 07/01/2012 through to 07/31/2012 in our local market area as serviced by the H3MLS-Property Information Network. If you're ready to jump off the fence and into the local real estate market and take advantage of the opportunities that exist, contact us today to determine your options as either a buyer or a seller. We're here to work through the complexities of the local real estate market, make sure you neither under sell or over pay for your property, and to help you out along the way! We are ready to serve all of your local real estate appraisal and brokerage needs. Our coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today!
0 Comments
The market apparently took a little breather during the month of June. Sales volume was down 21.95% to 128 transactions from the 164 we saw in May. Likewise the mean price dipped just a bit by -1.55% to $254,671 while the median sale price climbed by 8.28% to $216,500., month over month. To further qualify these results, sales volume was also down 16.88% while both the mean and median sale price were up 0.30% and 2.61%, respectively, when compared to June 2011. These sales statistics cover the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal monthly activity for residential properties that went under agreement from 06/01/2012 through to 06/30/2012 in our local market area as serviced by the H3MLS-Property Information Network. If you're ready to jump off the fence and into the local real estate market and take advantage of the opportunities that exist, contact us today to determine your options as either a buyer or a seller. We're here to work through the complexities of the local real estate market, make sure you neither under sell or over pay for your property, and to help you out along the way! We are ready to serve all of your local real estate appraisal and brokerage needs. Our coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today!
The robust local residential real estate market continued to march on in May. Sales volume posted gains of 10.07% over April with 164 new properties going under agreement for the month and while the median sale price remained effectively unchanged with a very slight 0.025% decline, the median sale price climbed by 13.19% to $258,685. All in all, May was a very good month for the local real estate market and to further qualify these results, sales volume was up 30.16% and the medain sale price was up 8.72% when compared to the same time period in 2011.
These sales statistics cover the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal monthly activity for residential properties that went under agreement from 05/01/2012 through to 05/31/2012 in our local market area as serviced by the H3MLS-Property Information Network. If you're ready to jump off the fence and into the local real estate market and take advantage of the opportunities that exist, contact us today to determine your options as either a buyer or a seller. We're here to work through the complexities of the local real estate market, make sure you neither under sell or over pay for your property, and to help you out along the way! We are ready to serve all of your local real estate appraisal and brokerage needs. Our coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today! After experiencing an exceptionally good local real estate market during the month of February we are now happy to report of activity levels not seen for some time that were posted during the month of March. This is welcomed activity, that's for sure, and hints of the growing confidence by local market participants. To recap the year so far, in January 2012 we logged 101 new pending sales coming together in our local market service area. That represented a 12.17% decrease in overall sales volume, month-to-month, from the 115 new pending sales realized the month prior. However, in February we gained back that loss, and then some, posting 122 new pending sales, representing a 20.79% increase in sales volume. In March, the local real estate market posted 172 new pending sales for a 48.98% increase in sales volume, month-to-month. Likewise, in January we saw both median and mean selling prices post significant drops when compared to December 2011. However, during the month of February we saw that the median price moved up to $184,900, increasing 8.77% from the month earlier. Additionally the mean sale price rose by 4.86% for the month tallied at $201,003. Taking its lead from the month earlier the local real estate market in March, again, saw increases in both median and mean sale prises, rising 2.07% and 24.10%, respectively in each category. These sales statistics cover the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal monthly activity for residential properties that went under agreement from 03/01/2012 through to 03/31/2012 in our local market area as serviced by the H3MLS-Property Information Network. If you're ready to jump off the fence and into the local real estate market and take advantage of the opportunities that exist, contact us today to determine your options as either a buyer or a seller. We're here to work through the complexities of the local real estate market, make sure you neither under sell or over pay for your property, and to help you out along the way! We are ready to serve all of your local real estate appraisal and brokerage needs. Our coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today!
Despite being the shortest month of the year, even during a leap year, Februrary experienced an abnormally high level of market activity. The market in February rebounded, with solid numbers, from the dip in activity we saw in January and posted gains in sales volume as well as in pricing categories.
In January 2012 we logged 101 new pending sales coming together in our local market service area. That represented a 12.17% decrease in overall sales volume, month-to-month, from the 115 new pending sales realized the month prior. However, in February we gained back that loss, and then some, posting 122 new pending sales, representing a 20.79% increase in sales volume, month-to-month. Likewise, in January we had seen that both median and mean selling prices post significant drops when compared to December 2011. However, during the month of February we see that the median price moved up to $184,900, increasing 8.77% from the month earlier. Additionally the mean sale price rose by 4.86% for the month tallied at $201,003. These sales statistics cover the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal monthly activity for residential properties that went under agreement from 01/01/2012 through to 01/31/2012 in our local market area as serviced by the H3MLS-Property Information Network. If you're ready to jump off the fence and into the local real estate market and take advantage of the opportunities that exist, contact us today to determine your options as either a buyer or a seller. We're here to work through the complexities of the local real estate market, make sure you neither under sell or over pay for your property, and to help you out along the way! We are ready to serve all of your local real estate appraisal and brokerage needs. Our coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today! October, typically, is our transition month in the local market area where the real estate activity begins to cool off and peoples' attentions become more focused on preparations for the upcoming holiday season and preparing their homes for the colder winter months. This year is no different in this regard. After experiencing consecutive months in positive trending in sales volume growth, October's numbers reveal the beginning of that seasonal decline in activity. After September posted the highest monthly sales volume for the calendar year, 2011 with new pending sales notched at 159 properties, October settles back at a more typical monthly sales volume with 138 new residential properties going under agreement. That represents a 13.208% decrease in total sales volume, month to month. Additionally, pending sales data for the month of October 2011 indicated a 0.705% increase in the median sale price recorded at $199,900. yet a 4.019% decrease in the mean sale price that was tallied at $237,780. These sales statistics cover the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal monthly activity for residential properties that went under agreement from 10/01/2011 through to 10/31/2011 in our local market area as serviced by the H3MLS-Property Information Network. If you're ready to jump off the fence and into the local real estate market and take advantage of the opportunities that exist, contact us today to determine your options as either a buyer or a seller. We're here to work through the complexities of the local real estate market, make sure you neither under sell or over pay for your property, and to help you out along the way! We are ready to serve all of your local real estate appraisal and brokerage needs. Our coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today! If you are a Southcoast Health System employee visit our website to learn how you can take advantage of our new discount service program. Save up to 30% on brokerage fees.
We thought it was good news when we reported August as the top producing month for the year so far, but we now see that September gains that title by just barely outpacing August in total sales volume. The total sales volume in our local market area continued to show strength after we saw 156 properties go under agreement in August. September posted just slightly more new pending sales as 159 new residential properties went under agreement during the month. This edges out the month of August by a mere 3 properties to claim the title as top producing month of the calendar year 2011, (so far), and the second consecutive month of growth to report in sales volume. In a quick recap of the last four months in our local market area we had seen June as the top producing month with 154 properties, then a drastic drop off in July at 119 properties, rebounding back to 156 properties in August and now we've posted a new high for the year at 159 properties in September. Three out of the last four months showing a very respectable strength in total sale volume is certainly good news. Although its not the only reason for the increase in sales volume, historically low mortgage interest rates appear to continue to motivate some folks to buy now. Work loads for local real estate appraisers has also continued at a fever pitch with people refinancing and taking advantage of the lower mortgage rates. The volume of pending sales statistics cover the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal an increased volume of monthly activity for residential properties that went under agreement from 09/01/2011 through to 09/30/2011 in our local market area serviced by the H3MLS-Property Information Network. The total sales volume in September represented a 1.923% increase over the 156 properties that went under agreement during the month of August. Additionally, pending sales data for the month of September 2011 indicated a 9.319% decrease in the median sale price recorded at $198,500. yet a 2.126% increase in the mean sale price that was tallied at $247,736. If you're ready to jump off the fence and into the local real estate market and take advantage of the opportunities that exist, contact us today to determine your options as either a buyer or a seller. We're here to work through the complexities of the local real estate market, make sure you neither under sell or over pay for your property, and to help you out along the way! We are ready to serve all of your local real estate appraisal and brokerage needs. Our coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today! If you are a Southcoast Health System employee visit our website to learn how you can take advantage of our new discount service program. Save up to 30% on brokerage fees.
August proves to be the top producing month for the year so far, despite the down time imposed by concerns over, and power outages from, Hurricane, (tropical storm), Irene. The total sales volume in our local market area bounced right back in grand fashion after a less than exciting tally posted with July's 119 properties. August posted a wopping 156 new residential properties that went under agreement during the month, edging out the month of June by a mere 2 properties to claim the title as top producing month for the year and continuing with this seesawing trend we've been experiencing for an extended period now. Historic low mortgage interest rates appear to have helped push some folks off the fence and into the local real estate market. Work loads for local real estate appraisers has also spiked with people refinancing and taking advantage of the lower mortgage rates that are now available, coming at a time when the appraisal industry transitions to meet the newly mandated UAD compliance measures of Fannie Mae and Freddie Mac. The volume of pending sales statistics cover the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal an increased volume of monthly activity for residential properties that went under agreement from 08/01/2011 through to 08/31/2011 in our local market area serviced by the H3MLS-Property Information Network. The total sales volume in August represented a 31.092% increase over the 119 properties that went under agreement during the month of July. Additionally, pending sales data for the month of August 2011 indicated a 4.28% increase in the median sale price recorded at $218,900. yet a 5.69% decrease in the mean sale price that was tallied at $242,579. With interest rates at such low levels and adequate funding available to qualified applicants, this certainly appear to be quite an opportune time to buy! If you're ready to jump off the fence and into the local market and take advantage of the opportunities that exist, contact us today to determine your options as either a buyer or a seller. We're here to work through the complexities of the local real estate market, make sure you neither under sell or over pay for your property, and to help you out along the way! If you are a Southcoast Health System employee click here to take advantage of our new discount service prpgram. Save up to 30% on brokerage fees.
After a fairly robust local real estate market in June, the month of July blessed us with gorgeous beach, boating and back yard barbecue weather and challenged us with a brief heat wave that broke the 100 degree barrier for a short stint. These factors and the national debate over our nation's debt ceiling limit apparently combined to keep a few more people away from house hunting this month, at least in our little corner of the world. Although July's prices did see some movement, they don't seem to be very far off from the numbers posted in June. The volume of pending sales, however, was certainly down. These monthly statistics cover the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal a respectable level of activity for residential properties that went under agreement from 07/01/2011 through to 07/31/2011 in our local market area serviced by the H3MLS-Property Information Network. The total sales volume was recorded at 119 new properties that went under agreement during the month of July, which is a 22.7% decrease from the 154 properties in June, offsetting the 22% gain in volume realized from May to June. New pending sales data for the month of July 2011 indicated a slight 0.52% decrease in the median sale price recorded at $209,900. and a slight 1.29% increase in the mean sale price that was tallied at $257,208. The mean posted a 2nd consecutive month of gains. With interest rates at such low levels and adequate funding available to qualified applicants, this is quite an opportune time to buy! If you're ready to jump into the market and take advantage of the opportunities that exist, contact us today to determine your options as either a buyer or a seller. We're here to work through the complexities of the local real estate market, make sure you neither under sell or over pay for your property, and to help you out along the way! If you are a Southcoast Health System employee click here to take advantage of our new discount service prpgram. Save up to 30% on brokerage fees.
The local real estate market activity for the month of May was identical to April 2011 in two of three categories. As we continue with a fairly typical spring time market trend here in the greater Fall River area, total sales volume was identical to that recorded in April, as was the median sale price. We did, however, realize a dip in the average sale price. This drop in average sale price continues the seesawing that we've been experiencing for an extended period. The total sales volume was notched at 126 new properties that went under agreement during the month of May and, as is typically the case, this continues our spring time activity that, again, is well above the winter lows of 95 and 99 pending sales posted this past December and January. New pending sales data for the month of May 2011 indicate a median and average sale price of $209,900. and $237,934., respectively. While the median sale price showed no movement from April, the average price was down approximately 8.3% from April 2011 rebounding from the 13% increase in average sale price experienced from March to April. So, all in all, the month of May seemed to be a continuation in the trend of fluctuating pricing that has been occurring for an extended period of time as we, seemingly, continue to hover at / near the bottom of this local real estate market cycle. These monthly statistics cover residential properties for the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal a respectable level of activity for residential properties that went under agreement from 05/01/2011 through to 05/31/2011 in our local market area serviced by the H3MLS-Property Information Network. With interest rates at such low levels and adequate funding available to qualified applicants, this is quite an opportune time to buy! If you're ready to jump into the market and take advantage of the opportunities that exist, contact us today to determine your options as either a buyer or a seller. We're here to work through the complexities of the local real estate market and to help you out!
|
Categories
All
Archives
May 2022
|