Westport Cape for Sale by The Kinnane Group The local real estate market has remained active and prices apparently are holding relatively steady. A brief summary of sales volume as well as median and mean sale prices for each of the months of August, September and October follow: Month/Year Units Median Sale Price Mean Sale Price Aug. 2012 157 $196,450 $244,645 Sept. 2012 145 $189,900 $253,607 Oct. 2012 137 $199,900 $232,913 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 08/01/2012 through to 10/31/2012 in our local market area as serviced by the H3MLS-Property Information Network. This continues a fairly healthy volume of sales in our general market area of the southcoast region of Massacushetts and the nearby east bay area of Rhode Island, a trend that is sustaining. Although there is still room for improvement this is a continued good news for the local real estate market. Attached below is a link to a 'PDF' file that illustrates volume and price trending from January 1, 2011 through to October 31, 2012. 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!
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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!
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 the surprising spike in activity recorded during the month of December, it would seem we bounced right back into a more settled residential real estate market for the month of January. In October and November we saw a two month, typical holiday season trend, where sales volume settle down for 2 consecutive months in a row. This coming right after we experienced the highest monthly sales volume for the calendar year of 2011 during the month of September. As previosuly reported, in December we climbed right back up to 115 new pending sales, gaining back nearly half of the drop posted month to month from October to November. The January 2012 numbers posted drops in both volume and pricing. In January 2012 we saw 101 new pending sales come together in our local market area. That represents a 12.17% decrease in sales volume, month-to-month, from the 115 new pending sales realized the month prior. However, this number seems to be well within a fairly typical range for the month of January when we compare it to the 98 pending sales posted in January 2011 and the 102 pending sales recorded in January 2010. In the pricing categories, we saw that both median and mean selling prices posted significant drops. When compared to December 2011, the month of January 2012 experienced a 10.48% decrease in the median sale price recorded at $170,000 and a 12.86% decrease in the mean sale price that was tallied at $191,694. 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. Don't forget that this time of year generally marks the quieter months in our local real estate market and that can translate into enhanced buyer opportunities, especially with the historically low mortgage interest rates that are being made available. So, 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 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.
After two nearly identical back to back months of spring time market activity in April and May, things heat up a bit in June as the month notches increases in not only sales volume but in prices as well. The total sales volume was recorded at 154 new properties that went under agreement during the month of June, which is a 22% increase from the 126 properties in May and 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 June 2011 also indicate increases in the median and average sale prices that were recorded as $211,000. and $253,920., respectively. The median sale price shows a 0.96 % increase and the average sale price notches a 6.72% increase over May 2011. The month of June, historically, is the most active spring time month for the real estate market in our area and, that again, is the case this year. 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 06/01/2011 through to 06/30/2011 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!
Good news - bad news to report for the month of March. The good news is that the figures tallied for the month of March illustrate a continuation of the early spring activity that showed up in February. The bad news is that this activity shows a slight dip in prices. The total sales volume was up approximately 18.3% from the 115 properties that went under agreement in February, totaling 136 new properties going under agreement during the month of March. 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 increase in activity of residential properties that went under agreement from 03/01/2011 through to 03/31/2011. New pending sales data for March indicate a median and average sale price of $196,500. and $229,637., respectively. Both of these prices show a slight decline. The median price is down approximately 4.1% from February 2011 while the average sale price is down a total of 3.4%. This continues the slight fluctuation in pricing that has been occuring for an extended period of time as we, seemingly, are still hovering at / near the bottom of this local real estate market cycle. With interest rates still at relatively low levels, adequate funding available to qualified applicants and continuing growth in labor markets, this is quite an opportune time to buy!
February figures show an early boomerang in total sales volume with 115 new properties going under agreement for sale in the shortest month of the year, rivaling December's 116 properties in 31 days and well above January's 99 mark. February monthly statistics that cover the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport reveal a respectable level of activity of residential properties that went under agreement from 02/01/2011 through to 02/28/2011. New pending sales data for February indicate a median and average sale price of $204,900. and $237,600., respectively. The median sale price measures a slight increase, up approximately 2.5% over February 2010 while the average sale price is up a total of 1.92%. This is relatively good news on the local front. Let's hope that this is the start to an early and sustained spring season in the local real estate market!
Although total sales volume was down from December's 116 properties, all things considered, including 3 major snow storms and countless days involving some measure of snow accumulation, the local market activity for the month of January was surprisingly active with a decent showing of 99 new pending sales being reported. January monthly statistics that cover the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport reveal a respectable level of activity of residential properties that went under agreement from 01/01/2011 through to 01/31/2011. New pending sales data for January reveal a median and average sale price of $194,900. and $324,376., respectively. The median sale price measures a slight increase, up approximately 2.6% over December while the average sale price is up a total of 23.3%. As impressive as this increase in average sale price is, it is perhaps skewed a bit with two major residential properties being placed under agreement, one in excess of $3,000,000 and yet another at $5,900,000. Lastly, in comparison to the same time period in 2010, which benefited from a federal tax credit for new and 2nd time home buyers, the total sales volume for January 2010 was tallied at 102 pending sales, only 3 more than this month.
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