Local Real Estate Market Snapshot
The market activity for November retreated from the level recorded in October that capped 3 straight months of heightened sales volume activity in the local real estate market.
The month of November recorded 138 residential units going under agreement in the local market area, representing a 25.4% drop from the prior month, very likely a typical seasonal adjustment, as folks focus more so on the Thanksgiving, Christmas and New Year's holiday season than their housing needs.
On the pricing side during the month of November the median price of homes fell by 8.5% down to $209,450, coming off this year's high of $229,000. realized in October. The mean price, however, gained some ground by moving up 2.1% to $264,874. from the $259,409. mean price posted in October.
These sales statistics cover the communities of Berkley, Dartmouth, Dighton, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal monthly activity for residential properties that went under agreement from 11/01/2013 through to 11/30/2013 in our local market area as serviced by the H3MLS-Property Information Network.
If you're ready to jump 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 nor over pay for your property, and potentially save you
thousands of dollars in the process!
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Jon Ritter joins the Kinnane Group
John Kinnane, president of the Kinnane Group announces that Jonathan Hawes Ritter of Dartmouth, Massachusetts has joined the real estate firm.
Jon is a young, energetic and engaging professional with a solid education. He received a bachelor of arts degree in economics with a minor in public policy with a concentration on development from Hobart College. He obtained a masters degree in real estate from Georgetown University and a graduate certificate in project management from Northeastern University.
His prior related employment include working as an appraiser for United Appraisal of Cranston, RI and in various capacities for the Acushnet Saw Mills Company and the Richard G. Hawes Land Trust of New Bedford, MA. Responsibilities included, amongst other things, being a team member involved in multiple long term land lease agreement negotiations and execution for several new solar farms.
Jon is seen as a fine complement to our team of dedicated real estate associates and he can make an immediate impact on strengthening the marketing efforts involved in our existing active inventory of new residential developments, raw land and individual house lots.
The Kinnane Group is a full service real estate company concentrating on the southcoast region of Massachusetts and the east bay area of Rhode Island. Founder, Chuck Kinnane, began brokering real estate in Swansea, Massachusetts in 1960. Since 1987, the company has been run under the direction of John Kinnane.
After enjoying nearly 54 years of success as a local real estate service provider, it's exciting that we are able to continue to enhance our marketing and research teams in our general service area with the likes of yet another top quality individual such as Jon.