 The 4th quarter of 2013 was a very busy period for us. We placed several properties under agreement and successfully worked through closing on them. January has been no different.
This is great news, however, our listing inventory is starting to dwindle and we are actively looking for new opportunties to help. We have buyers that are searching for properties in most of the local communities that we serve in the southcoast and east bay regions. It's not too soon to begin to prepare for the Spring 2014 market. If you're ready to jump in on the local real estate market and take advantage of the opportunities that exist, contact us today to determine your options as a seller. We're here to walk you through the complexities of the local real estate market. We are ready to serve all of your local real estate needs. Contact us Today! We are not a large franchised agency. Our size allows us to provide a timely personalized service with a full team approach. We're a small local business, with a respected long standing history, that survives on your personal referrals and we appreciate it very much. For more than fifty years we have received your vote of confidence. Making those referrals is even easier now by using our website referral form. Click here to refer the Kinnane Group For those of you who are new to the area, the Kinnane Group provides professional real estate services to the southcoast region of Massachusetts & the nearby east bay area of Rhode Island. Founded in Swansea, Massachusetts in 1960 by Charles F. Kinnane, Sr. and, since 1987, under the direction of John P. Kinnane, the Kinnane Group is well known for providing excellent real estate appraisal and brokerage services and unmatched customer satisfaction. Click here to see what people are saying about us!
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 The local real estate market activity for December continued its seasonal reatreat posting a mere 94 new residential units going under agreement, a level we haven't seen in well over two years. On the pricing side, however, during the month of December the median price of homes rose by 4.89% to $219,700. The mean price gained additional ground by moving up 0.52% to $266,240.
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 12/01/2013 through to 12/31/2013 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! We are ready to serve all of your local real estate appraisal and brokerage needs. Our general coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today! Our business survives on your personal referrals and we appreciate it very much. For more than fifty years we have received your vote of confidence. Making those referrals is even easier now by using our website referral form. Click here to refer the Kinnane Group  bliss homestead 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! We are ready to serve all of your local real estate appraisal and brokerage needs. Our general coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today! Our business survives on your personal referrals and we appreciate it very much. For more than fifty years we have received your vote of confidence. Making those referrals is even easier now by using our website referral form. Click here to refer 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.  The uptick in activity that we had realized during the first four months of the year, has returned for the 2nd straight month, after the slow down we saw take place from May through July.
In August the local real estate market began its rebound from the late spring - early summer dip in activity. The September numbers show a continuation of this positive trending for sales volume and pricing, despite the fact that mortgage rates have inched ever so slightly upward. This may be, in fact, the very catalyst driving the recent upsurge in activity. It will be particularly interesting to see if this trend in the local real estate market continues or if it is proves to be just a flurry of activity comprised primarily of fence sitters looking to time their purchase in the market. Residential sales volume, coming off August's 170 residential housing unit sales, rose to match this years' monthly high of 188 units that we saw first occurring in the month of April. This unit count includes single family residences, multiple family residences and individual residential condominium units. On the pricing side, during the month of September, the median price of homes rose 2.11% to $239,900, eclipsing this year's high of $238,900. realized back in March. The mean price also continued to rise by 2.29% to this year's new high of $295,923. 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 09/01/2013 through to 09/30/2013 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! We are ready to serve all of your local real estate appraisal and brokerage needs. Our general coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today! Our business survives on your personal referrals and we appreciate it very much. For more than fifty years we have received your vote of confidence. Making those referrals is even easier now by using our website referral form. Click here to refer the Kinnane Group  Karen Flaherty of the Kinnane Group closes on two new homes for Abel Hart Commons, Inc, owners of Old Crandall Commons and Bliss Homestead in South Tiverton, RI.
Karen coordinated the closing of the last of 14 homes built at Old Crandall Commons and the second of 9 new homes planned for Bliss Homestead. In both instances the parcels were put under agreement with custom designed homes and construction contracts with Dennis Talbot of Talbot Construction of Little Compton, RI. While Karen admits that these transactions take a bit longer to pull togther, she's happy that what results is having been able to be part of the creation of two of the finest neighborhoods in town. Dennis Talbot is not only the finest of people, he's a masterful craftsman, with an eye for fine design, finish detail and a desire to build top quality energy efficient homes. Karen says, "so much effort and time is put into designing the proper house for the specific site of choice for our new homeowners. Floor plans make so much sense and end up being so efficient. How the building orients on the home site and how it compliments surrounding homes is supurb". "Most of the folks we end up attracting recognize our goals for wanting to build smaller homes that are of higher quality materials and that are very efficient in layout and mechanics. These homes afford a higher degree of long term sustainability than most of our competition, translating into lower occupancy costs up front and lower building reserves over the long haul", adds Karen. The Kinnane Group is a full servie real estate company servicing 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. The company is now under the direction of John Kinnane.  Second Quarter results are in for the local real estate market and the results are healthy, indeed. The following statistics take a look at each of the consecutive 2nd quarter periods from 2009 through to 2013. 2009 has been recognized as the beginning of the bottom of our local real estate market cycle. 2013 trends are very positive and hopefully represent the beginning of some sustained growth in sales volume as well as pricing.
The following sales statistics cover the communities of Berkley, Dartmouth, Dighton, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport as serviced by the H3MLS-Property Information Network, (MLS-Pin). They illustrate quarterly pricing and sales volume, in terms of number of housing units, in total as well as by individual category as either single family residence, multiple family residence or residential condominium. The information is tabulated as follows: Sales Volume: Quarter Ending Single Multi Condo Total % Change 30-Jun-09 445 91 58 594 30-Jun-10 405 113 42 560 -5.72% 30-Jun-11 403 79 53 535 -4.46% 30-Jun-12 500 74 37 611 14.21% 30-Jun-13 528 101 61 690 12.93% Median Price: Quarter Ending Single Multi Condo Overall % Change 30-Jun-09 $ 224,900 $ 185,000 $ 149,900 $ 209,900 30-Jun-10 $ 229,000 $ 169,900 $ 134,900 $ 209,000 -0.43% 30-Jun-11 $ 219,900 $ 159,900 $ 135,000 $ 205,000 -1.91% 30-Jun-12 $ 225,000 $ 144,450 $ 61,400 $ 199,900 -2.49% 30-Jun-13 $ 234,900 $ 155,000 $ 154,450 $ 214,900 7.50% Mean Price: Quarter Ending Single Multi Condo Overall % Change 30-Jun-09 $ 294,985 $ 211,026 $ 184,063 $ 271,292 30-Jun-10 $ 285,018 $ 188,548 $ 170,265 $ 256,945 -5.29% 30-Jun-11 $ 280,140 $ 191,404 $ 188,381 $ 257,947 0.39% 30-Jun-12 $ 285,147 $ 158,316 $ 138,274 $ 260,892 1.14% 30-Jun-13 $ 296,569 $ 187,973 $ 189,244 $ 271,185 3.95% In a month to month analysis of this calendar year we have seen positive trending in sales volume in all categories of housing. For the first six months of 2013 we have recorded a monthly average increase in total sales volume of 10.08%. However, worth noting is that the sales volume has retreated just slightly from the high reached in April 2013. As we reported, April 2013 culminated a 4 month growth trend that resulted in an 88% increase in total housing unit sales volume since the 1st of January. Similar trending in pricing has occured year to date as we have recorded an average increase in median and mean pricing of 4.22% and 2.73%, respectively. A quick analysis specific to 2nd quarter figures shown above for 2009 through to 2013 shows postive trending on all fronts from 2012 to 2013. We see that there has been double digit increases in total sales volume and healthy increases in pricing with the median price rising 7.50% over 2012 and the mean price tallying a 3.95% gain over 2012. While this is all good news for our local real estate market it will be interesting to see if this pace of growth is sustained for an extended period. It will also be important to remain watchful of mortgage interest rates and whether the recent uptick in mortgage rates will push fence sitters into the market or stall out this growth trend.  The local real estate market in May remained active, however, it leveled off just a bit. Residential sales volume, coming off April's high of 188 residential housing unit sales, totaled 181 units in the month of May. This unit total includes single family residences, multiple family residences and individual residential condominium units. We had experienced increases in sales volume each month during this calendar year with April reaching a total of 188 residential housing unit sales, the largest jump in sales volume month-to-month, up 22.08% over March, and up 88% since January. The total for the month of May represents 3.72% drop in sales volume. On the pricing side during the month of May the median price of homes held steady, unchanged, at $209,900, while the mean price rose dramatically gaining back all of its loss posted in April and gaining an additional 4.4%, rising to $272,147. These sales statistics cover the towns 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 05/01/2013 through to 05/31/2013 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 potentially save you thousands of dollars in the process! We are ready to serve all of your local real estate appraisal and brokerage needs. Our general coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today! Our business survives on your personal referrals and we appreciate it very much. For more than fifty years we have received your vote of confidence. Making those referrals is even easier now by using our website referral form. Click here to refer the Kinnane Group 
 John Kinnane, president of the Kinnane Group announces that Chelsea Berndt of East Providence, Rhode Island has joined the real estate firm as a real estate salesperson.
Over the last 20+ years, Chelsea has primarily worked as a customer service professional in various industries. In her teenage years, she began working for her family’s business in Swansea. After receiving a certificate in conference planning in 1996, she worked for over 11 years in a high-end manufacturing company, EFD/Nordson in customer service, inside sales and then managing trade shows worldwide. For the past 6 years, she has managed the Mansfield, Massachusetts office of an international manufacturing company. After 14 years of being married, she and her husband decided to start a family and love to spend time together with their 3 year-old son, including traveling, skiing, camping, swimming, taking hikes and devoting their time helping people in their community. The Kinnane Group is a full servie real estate company servicing 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. The company is now under the direction of John Kinnane. After enjoying nearly 53 years of success, it's exciting that we are able to continue to enhance our brokerage team in our general service area with the likes of yet another accomplished and top quality individual as Cheslea  The local real estate market in April continued to strengthen as we recorded a 4th consecutive month of double digit increases in residential sales volume, inclusive of single family residences, multiple family residences and individual residential condominium units. We've experienced increases in sales volume each month during this calendar year with April reaching a total of 188 residential housing unit sales, the largest jump in sales volume month-to-month, up 22.08% over March, and up 88% since January. Despite the higher volume of activity posted in April a softening of mean and median sales prices occurred during the same period of time, this after experiencing 3 months of gains in both price categories. During April the median sale price dipped 12.14% to $209,900. while the mean sale price dipped 9.30% to $239,350. Worth noting, however, is that in each category despite the continuation of seesawing prices the overall trend since January 1st is for increases of 0.50% and 0.73% in median and mean sales prices, respectively. These sales statistics cover the towns 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 01/01/2013 through to 04/30/2013 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 potentially save you thousands of dollars in the process! We are ready to serve all of your local real estate appraisal and brokerage needs. Our general coverage area includes the southcoast region of Massachusetts and the east bay region of Rhode Island. Please feel free to contact us today! Our business survives on your personal referrals and we appreciate it very much. For more than fifty years we have received your vote of confidence. Making those referrals is even easier now by using our website referral form. Click here to refer the Kinnane Group
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