Real Estate News

Local Lenders Help Those in Need with Mortgage Payments

Greenfield savings bank cooperative massachusetts

 

 

 

 

 

 

 

It’s easy to love Franklin County Massachusetts in good times, but it’s in these difficult times that the reasons to love our community are highlighted even more. So many local businesses have stepped up in the past few weeks with the outbreak of COVID-19. Some have done their part to protect our community by shutting their doors, offering services which are in line with social distancing, or even offering ways to help financially.

Two of our local banks, Greenfield Savings Bank and Greenfield Cooperative Bank, have updated their mortgage payment policies to help those who have been financially impacted by the COVID-19 Pandemic. The following statements are taken directly from each banks’ websites:

Greenfield Savings Bank COVID-19 Residential Loan Relief Program

Effective immediately, Greenfield Savings Bank is offering to defer up to 90 days of mortgage and/or equity line or equity loan payments to all our Residential Loan customers who have been financially impacted by the COVID-19 pandemic.

  • This program is available during the National COVID-19 emergency
  • It is available on residential mortgages and/or equity lines, secured by one-to-four family properties
  • There are no processing fees
  • Your Credit Report will not be affected by this program.
  • Customers can select 30, 60 or 90 days deferment of payments
  • The program will include your property tax escrow payment, if applicable
  • It is open to all residential loan customers economically affected by the COVID-19 pandemic, including job loss, reduced wages, etc.

Visit Greenfield Savings Bank online for more information and to opt-in to this special relief program.

Greenfield Co-operative Bank Announces New Payment Option for Customers as a result of Coronavirus (COVID-19) issues

Michael E. Tucker, President & CEO of Greenfield Co-operative Bank and its Northampton Cooperative Bank division, was pleased to announce that our community bank board has approved a program to provide a “Payment Holiday” for existing GCB customers who have a portfolio loan at GCB to defer making their monthly payments coming up in April and May for up to 60 days. For eligible customers who wish to “Opt In”, there will be a simple form to complete. The payments usually due for April and May would simply be added to the back end of the loan term. Customers would then not have to make those payments until the end of the original term. The term would be extended 2 months to allow those payments to be made at the end of the original term.

If you have a fixed rate Federal National Mortgage Association (FNMA) loan that is serviced by GCB, we regret we are unable to offer this program at this time. We are contacting FNMA to see what might be available and will notify the public if circumstances change.

Visit Greenfield Cooperative Bank online for more information and to fill out the mail-in or online Opt-In Form. 

 

 

January 2020 Sales Report of Single Family Homes in the Pioneer Valley

Sales of single family homes in Franklin County were down 5.3% and median price down 9.1% in January 2020 compared to January 2019. The sales were up in Hampshire and down in Hampden County. Median price was up in both Hampden and Hampshire Counties. 

The average days on market was down 19.3% from 92 days in January 2019 compared to 74 days in January 2020. Listings that are pending (under agreement to sell) were up 7.5% from 360 listings pending in January 2019 to 387 listings pending sale in January 2020.

Pioneer Valley Real Estate Sales Report January 2020January 2020 Single Family Homes SalesFranklin County Local Market Update January 2020

2019 Year End Real Estate Market Update of Single Family Homes in the Pioneer Valley Region

Sales of single family homes in Franklin County were up 4.1% and median price up 7.7% in 2019 compared to 2018. The sales were up in Hampden County and down in Hampshire County. Median price was up in both Hampden and Hampshire Counties. 

The average days on market was down 2.7% from 68 days in 2018 compared to 66 days in 2019. Listings which are pending (under agreement to sell) were up 4.8% from 5,867 listings pending in 2018 to 6,149 in 2019.  

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

2019 Pioneer Valley Report Real EstateSales Report Single Family HomesFranklin County Local Market Update Massachusetts

 

October 2019 Pioneer Valley Sales Report of Single Family Homes

Sales Report Real Estate Pioneer ValleySales of single family homes in Franklin County were down 4.8% and median price up 2.3% in October 2019 compared to October 2018. The sales were up 5.2% in Hampden County and 45.6% in Hampshire County. Median price was up in both Hampden and Hampshire Counties.

The average days on market was down 15.7% from 65 average number of days in October 2018 compared to 54 days in October 2019. Listings that are pending (under agreement to sell) were up 4.4% from 523 listings pending in October 2018 to 546 listings pending sale in October 2019.

October 2019 Pioneer Valley Real Estate Sales ReportReal Estate Western Massachusetts October 2019Realtor Association of Pioneer ValleyFranklin County Massachusetts Real Estate

September 2019 Sales Report of Single Family Homes in the Pioneer Valley

Sales of single family homes in Franklin County were down 12.7% and median price up 15% in September 2019 compared to September 2018. The sales were up 3.3% in Hampden County and 33% in Hampshire County. Median price was up in both Hampden and Hampshire Counties. 

The average days on market was down 15.6% from 65 average number of days in September 2018 compared to 55 days in September 2019. Listings that are pending (under agreement to sell) were up 38% from 432 listings pending in September 2018 to 596 listings pending sale in September 2019.

September 2019 Pioneer Valley Sales ReportPioneer valley sales report key pointsPioneer Valley Local Market Update Real Estate

Franklin county local market update September 2019

August 2019 Sales Report of Single Family Homes in the Pioneer Valley

Sales of single family homes in Franklin County were down 6.8% and median price up 3.3% in August 2019 compared to August 2018. The sales were down 2.3% in Hampden County and 3.7% in Hampshire County. Median price was up in Hampden County and down in Hampshire County. 

The average days on market was up 1.2% from 55 average number of days in August 2018 compared to 56 days in August 2019. Listings that are pending (under agreement to sell) were up 16.9% from 543 listings pending in August 2018 to 635 listings pending sale in August 2019.

Real estate sales report pioneer valleyPioneer valley sales report single family homesLocal market update real estate western massLocal market update franklin county massachusetts

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.

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Pioneer Valley Sales Report Single Family Homes Massachusetts

May 2019 Sales Report of Single Family Homes in Pioneer Valley

real estate sales report pioneer valley massachusettsSales of single family homes in Franklin County were up 22.2% and median price up 3.7% in May 2019 compared to May 2018. The sales were up in Hampden County, while sales were down in Hampshire County. Median price was up in both Hampden and Hampshire Counties. 

The average days on market was up 4.2% from 68 days in May 2018 compared to 71 days in May 2019. Listings that are pending (under agreement to sell) were up 4.9% from 677 listings pending in May 2018 to 710 listings pending sale in May 2019.

may 2019 sales report pioneer valley key points

may 2019 single family home sales report pioneer valley

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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

 

 

 

 

 

 

 

 

 

 

 

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