Wanda Mooney

Blog :: 10-2012

Home Prices expected to increase by 3%

Recently released research data project rising residential prices in 2013. The October 2012 Economic Survey by the Wall Street Journal panel of economists forecasted home prices as increasing at an annual rate of 3.25 percent in the forthcoming year. A similar National Association of Business Economists survey projected a 2.8 percent increase in home prices by the end of 2013.
Based on information from the latest Realtors Confidence Index (see below), REALTORS® are projecting a 3 percent increase in home prices in the forthcoming year. Both practitioners and economists are in good agreement on this one: prices are projected to increase.

RCI September 2012 Edition

Information provided by Jed Smith is Managing Director, Quantitative Research with the National Association of Realtors®. He has worked on real estate issues for the past 20 years, providing input on a variety of housing, commercial real estate, tax, and planning issues. Recently he has been involved in several international studies.

Fabulous Property - House & Barn on 75 Acres - Buckland, Ma

Spectacular property, 75 acres on both sides of the road with complete privacy, picturesque mountain & meadow views with approx. 15 open acres!  The land across the road has a 30x60 P&B; Barn wit professionally designed 2-story 1500sqft studio space-perfect for artists, retreats, or home office with exposed beams & lots of windows. The Barn side has passed percolation test and would make an awesome house site or you can live in the Barn. The antique cape is warm & inviting with charming details. Great Location-Must See!  $595,000

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Wonderful Country Home Charlemont, Ma

This wonderful country home is located in a secluded and desirable area in East Charlemont.  Surrounded by nice homes and not far from Route 2 and less than 10 minutes to the Village of Shelburne Falls.  If you like exposed beams, pine floors, pine interior doors, attractive woodwork, high ceilings, and wood heat, come take a look at this one!   The price reflects work that needs to be done such as a new roof, decks and 2nd floor interior renovations - but all well worth it.  $149,000

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Massachusetts Real Estate Update

The Massachusetts Association of REALTORS released their September 2012 sales report and for the 15th straight month sales have gone up compared to the same time last year. Single-family median prices were down less than one percent from last year while condo median prices went up compared to September 2011. (see graphs below - click on them to enlarge).
Release with podcast will be posted as soon as our website host is back online. Sorry for the delay
Highlights from the release:
* Single-family home sales were up 2.8% compared to last year
* Single-family median prices were DOWN 0.6% ($294,900)
* Condo sales were up 10.4% compared to the same time last year
* The median price for a condo was UP 2.9% ($280,000) compared to last year

This information is provided by the Massachusetts Association of REALTORS

Impressive Farm with Upscale Home - Whately, Mass

Impressive custom built farmhouse style home offers the finest details and farming amenities. Gourmet kitchen with custom cabinetry, Ashfield stone countertop and sink along with Viking appliances! Great room with oak timberframe, cathedral ceiling, balcony & fireplace. In addition there is central air and central vac, partially finished basement, heated 2-car garage & more! 
There are 2 barns with 10 acres, certified organic soil, fencing, water & electric.  Perfect for horses & gardening.  Nicely landscape with views of Mount Sugarloaf!  Near I-91, 5 colleges, and Northampton.  

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Riverside Sanctuary - Perfect Getaway, Williamsburg, Ma

This riverside sanctuary is the perfect escape with an enchanting cottage sited along the river's edge.  Sit back, relax & listen to the sounds of the east branch of the Mill River. Warm interior features living room with fireplace & woodstove, kitchen and dining area, upper level for master bedroom/studio space w/cathedral ceiling, wood floors, lots of windows & deck. Charming architectural features & lovely gardens! Convenient location - 5 min. to Williamsburg & 15 min. to Northampton. $195,000
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Local Real Estate Market Update - Pioneer Valley, Ma

Sales of single family homes in Franklin County are up 15.3%  in the third quarter compared to this time last year.    The average sales price remains about the same.

The Pioneer Valley Region reports inventory for single family homes dropped 5.2%.  As of 9/30/12 there were 3,083 homes for sale vs. 3,243 last year.    The days on market for the Pioneer Valley region remains about the same.   As of 9/30/12, 1440 houses are under agreement and this time last year there was 1295.

The prices do remain flat, inventory is dropping and the time frame (days on market) to sell is about the same.  The real estate market is demonstrating that it has plateaued with a slight indication market is improving.   I will take this news!  Better than what I use to report a couple years ago.

Wonderful Home in the Hills of Heath, Mass

This attractive Cape style home is larger than it looks and is located in a countryside setting on 2.38 acres.  This wonderful home features a good size kitchen, two dining areas, living room, first floor bedroom and full bath, and a fabulous sunroom that you will just love.  In addition the second floor has two large bedrooms and a full bath; there is a large deck that overlooks a picturesque back yard with views; full walk out basement and an attached 2-car garage. Well built and worth a look! Only $195,000

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Pondside Living in Shelburne, Mass

Immaculate and updated Ranch style home is located on a picturesque pond where the water views are simply breathtaking.  This park-like setting is like no other and must be seen in person to appreciate. The home offers low maintenance living & has charming features throughout including a living room with new brick fireplace,  updated kitchen, study or office, 2 bedrooms, 2 full baths, oil heat, beautiful wood floors & an attached 2-car garage.  Large deck with water views & barn with new roof!  $249,000

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Live the Log Home Lifestyle!

Charming log home sited on 5 picturesque acres with seasonal views and a beautiful yard. It has a new roof, tile floor, freshly sanded wood floors and some new skylights! It is move in ready and offers single level living with attractive open floor plan including kitchen, dining and living area w/fireplace & woodstove. In addition there are 3 bedrooms, full bath, two enclosed porches, and a full basement. Perfect location near village, Ashfield lake, golfing and so much more!  $224,700.00

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Lake View

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