Wanda Mooney

Market Statistics

Leveraging Your Home Equity

According to John Burns Consulting, 58.7% of homes in the U.S. have at least 60% equity, and 42.1% of all homes in this country are mortgage-free, meaning they’re owned free and clear.

homeowner equity leverage CoreLogic also notes the average equity mortgaged homes have right now is $177,000. That’s a tremendous amount of forced savings for homeowners in today’s market.

As a homeowner, you may have more equity in your house than you realize. Using it to make your move to a new home while interest rates are hovering near all-time lows may be the best decision you could ever make.

In a season like we’re in now, when inventory is limited, equity is high, and interest rates are low, homeowners in a position to sell are in a great place to win big.

Today, sellers are also earning a significant return when making a move in the current market. In the Q2 2020 U.S. Home Sales Report, ATTOM Data Solutions notes:

Home sellers nationwide realized a gain of $75,971 on the typical sale, up from the $66,500 in the first quarter of 2020 and from $65,250 in the second quarter of last year. The latest figure, based on median purchase and resale prices, marked yet another peak level of raw profits in the United States since the housing market began recovering from the Great Recession in 2012.”

 

Bottom Line

Let’s connect to see if your home equity and potential profits position you to make your next move sooner than you may have thought possible.

home equity massachusetts

For more information about community happenings and real estate news visit Wanda's Blog at www.wandamooney.com/blog.

National Homeownership Month 2020: A Great Time to Buy

national homeownership month diversityDuring a time when people are spending more time at home than ever before, there is a new importance placed on homeownership and loving where you live. Homes are no longer a place to simply eat and sleep - they are offices, schools, gyms, and a place to feel safe and secure with family. June is National Homeownership Month and with interest rates at an all time low, now is a great time to buy. 

If you’re a first-time homebuyer or not sure where to start, I recommend checking out my Buyer’s Guide which has helpful articles such as “How Low Mortgage Rates Increase Your Purchasing Power” and “How to Make Your Dream of Homeownership a Reality.” After you’ve had a read-through of the guide, you can start virtually shopping with the user-friendly listing searches on my website. There’s advanced search options so you can filter by town, property type, or style. Or browse popular searches such as country homes or log homes.

If you’re thinking of buying a home, feel free to contact me by phone or email at 413-768-9848 or wanda@wandamooney.com.

For more information about community happenings and real estate news visit Wanda's Blog at wandamooney.com/blog.

 

July 2019 Sales Report of Single Family Homes in Pioneer Valley

single family homes pioneer valley massachusettsSales of single family homes in Franklin County were up 2.9% and median price up 4.7% in July 2019 compared to July 2018. The sales were down 5.8% in Hampden County and 0.6% in Hampshire County. Median price was up in both Hampden and Hampshire Counties. 

The average days on market was down 4.7% from 56 average number of days in July 2018 compared to 53 days in July 2019. Listings that are pending (under agreement to sell) were up 18.2% from 578 listings pending in July 2018 to 683 listings pending sale in July 2019.

July 2019 single family sales report pioneer valleyPioneer Valley sales report real estate franklin countyfranklin county market update realtors association july 2019

June 2019 Sales Report of Single Family Homes in Pioneer Valley

sold in massachusetts wanda mooneySales of single family homes in Franklin County were up 22% and median price up 14.2% in June 2019 compared to June 2018. The sales were down 15.5% in Hampden County and 11% in Hampshire County. Median price was up in both Hampden and Hampshire Counties. 

The average days on market was down 5.7% from 58 average number of days in June 2018 compared to 55 days in June 2019. Listings that are pending (under agreement to sell) were up 7% from 627 listings pending in June 2018 to 671 listings pending sale in June 2019.

This information is provided by the Realtor Association of Pioneer Valley.

pioneer valley hampshire hampden franklin county realtor associationjune 2019 real estate report franklin county massachusettslocal market update realtor association of pioneer valley

Pioneer Valley Sales Report Single Family Homes Massachusetts

April Sales Report of Single Family Homes in Pioneer Valley

Pioneer Valley Real Estate Sales ReportsSales of single family homes in Franklin County were up 22.7% and median price up 4.6% in April 2019 compared to April 2018. The sales were up in Hampshire and Hampden Counties. Median price was also up in both Hampden and Hampshire Counties. 

The average days on market was up 8.9% from 77 days in April 2018 compared to 84 days in April 2019. Listings that are pending (under agreement to sell) were up 8.3% from 593 listings pending in April 2018 to 642 listings pending sale in April 2019.

April Sales Report Key PointsApril Sales Report County AveragesApril Sales Report Franklin County

March Sales Report of Single Family Homes in Pioneer Valley

 

Sales of single family homes in Franklin County were down 25% and median price up 2.2% in March 2019 compared to March 2018. The sales were down in Hampshire and up in Hampden County. Median price was down in both Hampden and Hampshire County. 

The average days on market was up 15% from 97 days in March 2018 compared to 82 days in March 2019. Listings that are pending (under agreement to sell) were up 17.6% from 518 listings pending in March 2018 to 609 listings pending sale in March 2019.

 

March Sales Report by County

 

March Sales Report Key Points

March Local Market Update Franklin County

March Local Market Update Franklin County

 

 

 

 

 

 

 

 

 

 

 

April Real Estate Sales Report for the Pioneer Valley

Franklin County sales were down 11.8% and the median price went up by 9.7% in April, 2018 compared to April, 2017.  The sales were also down and median price up in both Hampshire and Hampden County. 

Inventory of single family homes fell in Pioneer Valley 31.3 percent from 1,832 single family listings at the end of April 2017, to 1,258 single family listings at the end of April 2018.  

The average days on market dropped 18.5% from 95 days in April 2017 to 78 days in April 2018. Listings which are pending (under agreement to sell) are up 16.6 percent from 578 in April 2017 to 674 in April 2018.

The sale reports are provided from the Realtor Association of Pioneer Valley.

 

February Real Estate Sales Report for the Pioneer Valley

What a difference a year can make.  Inventory is at an all time low and average sales price is on the rise.

Franklin County sales were up 36.4% and the median price went up by 45.8% in February, 2018 compared to February, 2017.  The sales and median price also increased in both Hampshire and Hampden County. 

Inventory of single family homes fell in Pioneer Valley 31.1 percent from 1,668 single family listings at the end of February 2017, to 1,149 single family listings at the end of February 2018.  

The average days on market dropped 26.6% from 114 days in February 2017 to 84 days in February 2018. Listings which are pending (under agreement to sell) are up 17.2 percent from 361 in February 2017 to 423 in February 2018.

The following reports are provided by the Realtor Association of Pioneer Valley.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

October Real Estate Sales Report for Pioneer Valley

Franklin County sales were down 13.1% and the median price was down 13.1% in October, 2017 compared to October, 2016.  The sales and median price was up in Hampshire and Hampden County.  I anticipate a reduction in the number of sales as we approach the winter season.  The inventory of homes for sale is low which means it is a great time to keep your house on the market.  Your house will stand out more because there is less competition on the marketplace and buyers do purchase homes during the winter months.  

The following reports will be posted monthly keeping you informed of the local real estate market.   

PIONEER VALLEY - KEY REAL ESTATE POINTS:

Sales—Up 20.6 percent from 432 in October 2016 to 521 in October, 2017.

Median Price— Up 6 percent from $194,000 in October 2016 to $205,550 in October 2017.

Inventory of available property—Inventory fell 24.7 percent from 2,303 single family listings at the end of October 2016, to 1,734 single family listings at the end of October 2017.

Supply—The supply of single-family properties on the market at the current rate of sale dropped 28.9 percent. At the end of October 2016 there were 4.9 months of supply at the current rate of sale. At the end of October 2017 there were 3.5 months of supply at current rate of sale.

Days on Market—The average days on market dropped 21.2 percent from 81 days in October 2016 to 64 days in October 2017.

Pending Sales—Listings which are pending (under agreement to sell) are up 21.1 percent from 475 in October 2016 to 575 in October 2017.

Mortgage Rates 30-year fixed-rate mortgage (FRM) averaged 3.95 percent with an average 0.5 points for the week ending November 16, 2017 . Last year at this time the 30-year FRM averaged 3.94 percent with an average 0.5 points. (Source: www.FreddieMac.com)

 

 

August Real Estate Sales Report for Pioneer Valley

Real estate sales of single family homes in Franklin County for the month of August was up 37.9% and the median price up 3.2% compared to August of 2016.  The market continues to be very busy and there is no sign of a slow down.  There is a limited amount of homes for sale and in some areas real estate agents are experiencing multiple offer situations.  It is a great time to sell!

Pioneer Valley - Key Real Estate Points:

Sales - Up 7.8 percent from 639 in August 2016 to 689 in August 2017.

Median Price - Up 1.2 percent from $210,000 in August 2016 to $212,500 in August 2017.

Inventory of available property - Inventory fell 25.9 percent from 2,517 single family listings at the end of August 2016, to 1,865 single family listings at the end of August 2017.

Supply - At the end of August 2016 there were 5.3 months of supply at the current rate of sale. At the end of August 2017 there were 3.8 months of supply at current rate of sale.

Days on Market - The average days on market dropped 27.1 percent from 88 days in August 2016 to 64 days in August 2017.

Pending Sales - Listings which are pending (under agreement to sell) are up 12.9 percent from 533 in August 2016 to 602 in August 2017.

Mortgage Rates - 30-year fixed-rate mortgage (FRM) averaged 3.8 percent with an average 0.5 points for the week ending August 31, 2017 . Last year at this time the 30-year FRM averaged 3.8 percent with an average 0.6 points. (Source: www.FreddieMac.com)

Check out the charts for detailed comparisons provided by Realtor Association of Pioneer Valley and Massachusetts Association of Realtors.

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