The local real estate market activity for  the first  three months of this year  posted gains on most fronts.  For the months of January, February and March the sales volume, in terms of residential units going under agreement, came in at 137, 122 and 178 units, respectively for each month, or an overall average for the 1st quarter of the year of 159 units/month.  

On the pricing side,  during the month of January, the median sale price of homes rose by 4.44% to $229,444., but then dropped slightly by -1.98% during February down to $224,900. before rising by 2.22% in March up to $229,900.  Conversely, the mean sale price dropped in January by -3.82% to $256,075., gaining back 5.76% in February and then dropping back by -7.53% in March to $250,440. 

A review of pricing results for the past 12 months suggest that the local market appears to be realizing its first initial phase of price increases since the general real estate market began to stabilize in mid-year 2009. It will be interesting to see how the spring market supports the 1st quarter results.  We may be well poised for annual appreciation rates in the range of 7% - 11%., year to year if current trending continues.

These sales and pricing statistics cover the communities of Berkley, Dartmouth, Dighton, Fall River, Freetown, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport.  They reveal monthly activity for residential properties that went under agreement from 01/01/2014 through to 03/31/2014 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

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!

The numbers for the month of October are in and they reveal a 3rd straight month of heightened sales volume activity in the local real estate market.

The month of October nearly matched the year's monthly sales volume high of 188 units posted in September.  October's rally totaled 185 units going under agreement in the local market area,  a mere -1.6% drop from the prior month. 

On the pricing side during the month of October the median price of homes fell slightly by -4.54% down to $229,000, coming off this year's high of $239,900. realized in September.  The mean price also dipped by -12.34% coming off the annual high, also recorded in September, of $295,923 down to $259,409. for 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 10/01/2013 through to 10/31/2013 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

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

Our local real estate market rebounded in August from the slight seasonal pause realized in July gaining ground in both categories of volume and pricing.

Residential sales  volume, coming off July's 153 residential housing unit sales, rose to 170 units in the month of August.  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 through to April, 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.  Since April we've seen a 3 month consecutive drop in volume.  August's numbers reversed that trend, gaining back nearly all of the 11.56% drop realized in July.  All in all, the year to date trend in sales volume is positive.
 
On the pricing side, during the month of August the median price of homes rose 1.32% to $234,950, just under this year's high of $238,900. realized back in March.  The mean price also rose, in dramatic fashion, by 8.87% to this year's high of $289,304.

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 08/01/2013 through to 08/31/2013 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

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

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

Over the past few years we have been releasing monthly and quarterly market statistics relative to the residential real estate market trends in the greater Fall River area.  These snapshots, if you will, have been reported as summations of the overall local real estate maket activity, with no differentiating between the various segments of the residential market, namely, single family, muti-family and condominiums.  

This month we've broken it all down for you on a quarterly basis comparing each of the first quarter's market statistics in our local service area since 2009.   These sales  statistics cover the communities of Berkley, Dartmouth, Dighton, Fall River, Freetown, 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.  They are tabulated as follows:

Sales  Volume  
Quarter Ending   Single   Multi   Condo   Total   % Change
  3/31/2009           265       77         26           368
  3/31/2010           299       80         34           413     12.23%
  3/31/2011           273       65         27           365    -11.62%
  3/31/2012           328       71         27           426     16.71%
  3/31/2013           333       46         30           409    -3.99%

Median Sale Price
Quarter Ending      Single          Multi            Condo           Overall       % Change
  3/31/2009           $229,300     $164,900     $134,900       $176,367     
  3/31/2010           $236,250     $150,000     $  94,450       $160,233      -9.15%
  3/31/2011           $224,950     $149,000     $  69,900       $147,950      -7.67%  
  3/31/2012           $199,900     $129,000     $139,900       $156,267       5.62%
  3/31/2013           $234,900     $169,950     $100,000       $168,283       7.69%

Mean Sale Price
Quarter Ending      Single          Multi            Condo           Overall       % Change
  3/31/2009           $260,122     $199,260     $165,257       $208,213    
  3/31/2010           $264,979     $183,640     $159,202       $202,607     -2.69%
  3/31/2011           $290,387     $170,746     $116,437       $192,523     -4.98%
  3/31/2012           $257,129     $162,270     $131,577       $183,659     -4.60%  
  3/31/2013           $282,921     $189,841     $161,710       $211,491     15.15%

We had indicated almost entirely throughout last year's monthly market reports that the local real estate market had demonstrated a seesawing affect with sporadic rising and falling taking place on a month to month basis while the overall trend remained relatively stable by way of both sales volume and housing prices.  Looking at the same statistics, only on a slightly larger scale, we see much of the same pattern.  While its easy to note that there have been gains and losses year to year, the overall summary is still that we have experienced relative stability in the local real estate market over the past few years.  

Comparing first quarter 2009 with each successive first quarter period through to the quarter ending March 31, 2013, we see that  overall, sales volume grew by 3.33% while the median and mean sale prices remained relatively the same losing 0.88% and gaining 0.72%, respectively.  On a positive note, however, when comparing first quarter 2012 to the same period in 2013 we see a jump in each the median and mean house prices of 7.69% and 15.15% despite a slight decline in volume. 

All in all, putting this in perspective, the local residential real estate market during the first quarter of 2013 continued to perform with a fairly healthy volume of sales with sizeable increases in pricing noted.   

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!