Home Prices Franklin MA February 2014

Home Prices Franklin MA  February 2014

Real estate market data for Franklin, MA provided by

  Carol -Ann Palmieri, Remax Executive Realty 

 

Franklin Home Prices

If you are wondering what is happening in the Franklin MA real estate market, a quick glance at the graph below paints the picture.   Homes are moving quickly.   Inventory is low.  It's good news for homeowners with an average 4.4 percent rise in home values since last year.      Predictions are that the trend will continue, but at a lower rate.  

Single Family Inventory:   

 

If you are interested in seeing exactly what the current inventory looks like in Franklin MA, you can find that by just clicking this link.   Current inventory in Franklin, MA

There are currently 11 properties on the market priced below $300,000.    The average price per square foot is $204.     You can expect about 1260 square feet of living space.  

$300,000 and $500,000.    As of right now, there are 12 homes available in this range.   The average price per square foot is $197.    Expect to find Cape and Colonial style homes and new construction is even an option.

There are 9 listings priced between $500,000 and $750,000.  Average price per square foot is $195.  Expect to find resale and new construction in this range.   

There are 8 listings over $750,000.   The average price per square foot is $240.   Expect new construction and custom resale homes.  

Franklin Real Estate Report Summary:

With 32 homes pending or contingent and a limited amount of inventory, I would consider Franklin a hot market leaning towards a sellers favor.   Buyers looking to purchase here can find a nice balance of resale homes and new construction.   There are just two lender involved properties on the market.  Competitively priced homes do not stay on the market long.   I expect that as the weather improves, the housing market will follow suit.       (This reporting is relative to the single family home market, but condo and multi family homes in this community are hot as well.)        

 

Buyers continue to find  Franklin very desirable.   Why not?   With a recent news report suggesting that Franklin is the nation's safest city, who wouldn't consider the community to be their families home base?   

If you are considering buying a home in Franklin, MA, don't sit on the sidelines for too long.  Start actively looking now.   The "spring market" has already commenced and is just going to get more competitive.      

If you are a seller, pricing your home in line with comparable home sales will bring you an offer close to asking in a short amount of time.   

Find Homes for Sale in Franklin, MA:

Visit my website to search for homes in Franklin MA or to be notified when Franklin homes come on the market.

To find out what your home is worth in the current market email me cal@alandcal.com or call  508-494-9061.

A great local real estate agent is your best offense in negotiating the market. 

Regardless of what side of the fence you find yourself on, you need an agent  knows the market and the neighborhoods inside and out.    

 

508-494-9061

      Put my 26 years of experience to work for you!    

Home Prices Medway MA February 2014

 Home Prices Medway MA  February 2014

Real estate market data for Medway, MA provided by

  Carol -Ann Palmieri, Remax Executive Realty 

 

Medway Home Prices

Looks like it's good news for single family homeowners in Medway MA.  With a favorable 7.7 percent increase over the past year, Zillow predicts that this rise will continue over the next year, but at a somewhat lower rate of 2.5 percent.

 Of course this is a prediction, but judging by the amount of buyers hitting the pavement even in this extreme cold and traipsing through mounds of snow, it should be a brisk spring.     Since Jan 1, 2014 there have been 9 home sales.   The average sale price of $361,944 was roughly 98 percent of asking.

Current Inventory:   

 

If you are interested in seeing exactly what the current inventory looks like in Medway MA, you can find that by just clicking this link.   Current inventory in Medway, MA

There are just 2 homes priced below $250,000.    Both of these homes are "diamonds in the rough" so to speak and are looking for someone to bring them back to life.    

$250,000 and $400,000.    If you are in this range, there will be 9 homes (as of today) to choose from.  The average price per square foot is $215.    The least expensive of these is a 3 bedroom, 1 bath ranch for $259,900.   On the high end, for $389,900 you can purchase a recently remodeled 4 bedroom, 3 bath colonial.  

There are 5 listings priced between $400,000 and $500,000.  These include the "Cottages at Charles River Village" which are actually free standing single family homes in a condominium development.

In the range of $500,000 to $600,000 you will find 8 homes.  These range from 2300 (new build) to 5000 square feet.

There is one home priced over $800,000 and one over one million dollars.    Both will be custom homes in Applegate Farms.   

Medway Real Estate Report Summary:

17 homes are pending or under agreement with a contingency.   Many of these home received acceptable offers in less than 30 days, some under a week.   Currently there are no bank involved properties on the market in Medway.       Since the beginning of this year, the homes that have been placed under contract /contingent homes represent all price ranges fairly evenly.   Open house traffic is very active.   Homes that are priced right and presented properly are receiving acceptable offers in a few short weeks of being placed for sale.    Buyer activity is brisk, houses are going under contract.  This suggests that the Medway market has leveled off; returning to  healthy state. 


If you are considering buying a home in Medway, MA you don't want to sit on the sidelines for too long.   Many listings are going under contract within a short time of being placed on the market.   

If you are a seller, pricing your home in line with comparable home sales will bring you an offer close to asking in a short amount of time.   

Find Homes for Sale in Medway, MA:

Visit my website to search for homes in Medway MA or to be notified when Medway homes come on the market.

To find out what you home is worth in the current market email me or call  508-494-9061.

 A great local real estate agent is your best offense in negotiating the  market.  Regardless of what side of the fence you find yourself on, you need an agent  knows the market and the neighborhoods inside and out.    

 

508-494-9061

      Put my 26 years of experience to work for you!    

Home Prices Bellingham MA February 2014

 Home Prices Bellingham MA  February 2014

Real estate market data for Bellingham, MA provided by

  Carol -Ann Palmieri, Remax Executive Realty 

Bellingham Home Prices

Good news for single family homeowners in Bellingham MA with a favorable 10 percent increase over the past year.  Zillow indicators predict the rise will continue over the next year, but at a  lower rate of approximately 3.2 percent.  

Since Jan 1, 2014 there have been 10 home sales.   The average sale price of $298,430 was roughly 98 percent of asking.

Bellingham Real Estate Report Summary

 

Several of the bank involved properties and new construction inventory tend to make average days on market seem longer than it actually is.   Homes that are priced right and presented properly are receiving acceptable offers in a few short weeks of being placed for sale.    Since the beginning of this year, 15 of the 22 pending /contingent homes were priced below $300,000.   This suggests that the first time buyer market is picking up and the Bellingham market has leveled off; returning to a more healthy state. 

4 of the 22 homes were priced above $400,000.    This higher end in Bellingham is still slanting in the buyers favor, but moving, if priced appropriately.  

If you are considering buying a home in Bellingham, MA you don't want to sit on the sidelines for too long.   Many listings are going under contract within a short time of being placed on the market.   

If you are a seller, pricing your home in line with comparable home sales will bring you an offer close to asking in a short amount of time.   

Current Inventory

  

If you are interested in seeing exactly what the current inventory looks like in Bellingham MA, you can find that by just clicking this link.   Current inventory in Bellingham MA

There are currently 5 single family homes that are priced between $100,000 and $200,000.     The average price per square foot of these homes is $142.    They have an average time on market of 68 days.   2 of these homes have lender involvement and 3 have been on the market for less than a month.   

17 homes are available between the range of $200,000 and $300,000.   The average price per square foot is $159.    You can expect to find ranch, split entry, multi, cape and antique style homes in this range.   The average days on market is 106, with 5 of these homes being under two weeks to the market.    2 of these homes have lender involvement.     

There are 3 homes priced between $300,000 and $400,000, including one that is to be built.

In the range of $400,000 to $600,000 you will find 11 homes.  These range from 2200 to 4500 square feet including several new homes to choose from.

Find Homes for Sale in Bellingham, MA:

Visit my website to search for homes in Bellingham MA or to be notified when Bellingham homes come on the market.

To find out what you home is worth in the current market email me or call  508-494-9061.

 A great local real estate agent is your best offense in negotiating the  market.  Regardless of what side of the fence you find yourself on, you need an agent  knows the market and the neighborhoods inside and out.    

 

  Call me if you have any questions about the market. 

508-494-9061

      Put my 26 years of experience to work for you!