Blog :: 04-2012

Real Estate Values going up in 2013?

Experts are predicting a rise in home prices starting in 2013.  I personally think it is too optimistic especially for this area.  On a positive note, the real estate market has improved and real estate agents are busier compared to this time last year.  The mild winter has created an earlier than expected spring market.    I do think we have hit rock bottom and will stablize for the next couple of years.  The foreclosure market is still very active and we must get those listings sold before you will see appreciation in property values.

What do you think about the market?  Do you think prices will begin to appreciate in 2013?  Your comments are welcome!

The Urban Land Institute released its Real Estate Consensus Forecast where 38 real estate economists and analysts voice their opionion about the future real estate market.   Click on the link below for the complete article.

http://www.dsnews.com/articles/expert-expect-to-see-broad-improvements-home-prices-rise-in-2013-2012-03-28

Greenfield, Ma Starter Home - Renovated Throughout $129,900

This perfect starter home has been renovated top to bottom and is ready for immediate occupancy.  Located in Greenfield and conveniently sited near the down town. Bright and cheerful rooms throughout featuring a wonderful new kitchen, first floor laundry with half bath, dining room, living room,  4 bedrooms, 2 full baths, lower level study or office area and family room.  New flooring including hardwood floors, tile, wall to wall carpet, and attractive laminate.  Fresh coat of paint, new trim, doors and electrical.  The list goes on!  Easy to show.   Check out the visual tour at: http://www.visualtour.com/show.asp?t=2722649&prt;=10003

Take a Hike this Summer in Western Massachusetts

10 Hikes in Western Massachusetts to try this summer

There are several fabulous places to hike in Western Massachusetts.  The high ledges in Shelburne is a favorite to so many.  After your hike, stop by the village of Shelburne Falls  and explore the shops and stay for dinner!.

For guides and maps to other suggested areas to hike visit the MassLive web site at http://photos.masslive.com/republican/2011/07/travel_trip_massachusetts_hikes.html

Pioneer Valley Single Family Homes - Interesting Stats!

KEY POINTS
Pioneer Valley Single-Family Homes

Inventory - Rose 6.7 percent from 2,488 single family listings at the end of the 1st Quarter 2011 to 2,655 single family listings at the end of the 1st Quarter 2012.

Days on Market - The average days on market rose 7 percent from 157 to 168.

An Eight Year View - The median price decreased 14.5 percent from $187,700 at the end of the 1st Quarter 2005 to $163,900 at the end of the 1st Quarter 2012.

Mortgage Rates 30-year fixed-rate mortgage (FRM) averaged 3.99 percent with an average 0.7 points for  the week ending March 29, 2012.  Last year at this time, the 30-year FRM averaged 4.86 percent with an average 0.7 points. (source: FreddieMac.com)

Listings Under Agreement   -  Single family listing which are under agreement rose 31.3 percent from 886 at the end of the 1st Quarter 2011 to 1,163 at the end of the 1st quarter 2012.

This information is provided by the Realtor Association of Pioneer Valley