Blog :: 08-2013
The month of July showed positive signs in the real estate market. It was one of our best months as well as the company. I am receiving the same positive news from my colleagues and the latest statistics clearly show we are in a very good market across the Pioneer Valley region.
The statistics is comparing July 2013 vs. July 2012:
Pioneer Valley Region sales were up 17.7%
Median price climbed 8.9%
Franklin County sales were up 12.8%
Median price climbed 16.2%
Hampshire County sales were up 19.8%
Median price dropped 1.9%
Inventory of available property is down about 10% across the pioneer valley region. The days on market fell 28% from 132 days in July, 2012 to 95 days in July 2013. When you see this begin to happen there is a chance property values will start to increase. The more populated areas will experience this change before those that are listed in the hilltowns.
Mortgage rates for 30 year was 3.49 last year and now they are 4.31% which is quite an increase and can make a big difference when qualifying for a loan.
The information above is provided by the Realtor Association of Pioneer Valley, Inc.
The annual Bridge of Flowers road race is this weekend, Saturday August 10th. The Steve Lewis Subaru Charity 3K walk and run begins at 8:15 AM and the Classic starts at 9:00 a.m. Come support the runners and cheer for those you know! After the race walk around town and enjoy shopping at the many fabulous artisan's showrooms and enjoy lunch or dinner at one of the local restaurants.
c.1835 Historic Congregational Church is an antique treasure and the perfect restoration project. This solid Brick structure has many of the original features and is conveniently located in the center of Colrain. The lower level has a kitchen area and restroom along with a wide open span that lends itself to many business opportunities. The Sanctuary has all the original pews and the church bell is still in place. Highly visible & plenty of parking. Bring your ideas & ambition! Great Structure. This property is zoned CV and any use of this property must go through a Site Plan Review by the town. $75,000
For more photos - check out the visual tour: