Data through December 2010, released Tuesday by Standard & Poor’s show that the S&P/Case-Shiller national home price index declined by 3.9 percent quarter-over-quarter during the last three months of 2010.
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.
The Kinnane Group broadens their client base with the addition of Quality Valuation Services (QVS) of Mission Viejo, California.
QVS is an appraiser-owned valuation company that is passionate about delivering high quality products and services. QVS consists of experienced mortgage and real estate industry executives, skilled coordinators and a nationwide panel of geographically specialized valuation professionals.
The Kinnane Group recently celebrated its 50th anniversary in 2010 at providing specialized real estate services to the southcoast area of Massachusetts and east bay region of Rhod Island.