Bain Real Estate - Market Update

Bain Real Estate Spectacle Lakes 2018 October Market Report.

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Have we reached equilibrium between buyers and seller after 10 years?  From the bottom of the market to today there has been a slow, arduous climb of local real estate values.  In the ensuing ten years values have improved with buyers returning to the market; returning however with a tempered desire to purchase. Sellers in turn reacted by lowering asking prices making it more appealing to the buyers. So, growth has ensued.

2006 was arguably the peak of the market prior to the Great Recession. Below is the data from 2006 showing an average sales price of $475,000 (rounded). The second box (Oct. 2017-Oct. 2018) shows an average sales price of $675,000 (rounded)...

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Bain Real Estate Sharon 2018 Mudge Pond Market Report.

Dear Neighbor,

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Is there equilibrium in the market after 10 years?  From the bottom of the market in 2009 to today, there has been a slow, arduous climb of local real estate values.  In the ensuing ten years values have improved with buyers returning to the market; returning with a tempered desire to purchase however. Sellers in turn reacted by lowering asking prices that has appealed to the buyer. So, growth occurred. For perspective, 139 Millerton Road had sold in 2012 (post-recession) for $1,550,000. It sold again recently (detailed below) for $1,700,000 offering a 9% increase over a 6 year period.

In the las...

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Bain Real Estate West Warren 2018 Market Report.

Dear Neighbor,

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The Warren market continues strong.  Last year we reported 27 residential sales while this past year had 26. There were 5 over $1M and 10 were below $500,000, a nice balance.  The economy has reacted well to the tax cuts and we hope that will bring continued growth to our market.  It is an election year so we will have to wait to see how things settle out.   

In your neighborhood there were 7 residential sales last year!  

235 Kent Road was a bank sale of a 1094 square foot 3 bedroom, 2.5 bath ranch built in 1970 on 3.56 acres....

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Bain Real Estate Northwest Warren 2018 July Market Report.

Dear Neighbors,

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The Warren market continues strong.  Last year, we reported 27 residential sales while this past year had 26 of them were over $1M and 10 were below $500,000, a nice balance.  The economy has reacted well to the tax cuts and we hope that will bring continued growth to our market.  It is an election year so we will have to wait to see how things settle out.   

In your neighborhood there were 12 residential sales last year!
  

Let's start up north on the East side or Route 45 where #245 sold last August for $555,000, just under its list of $59...

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Bain Real Estate East Warren 2018 July Market Report.

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Dear Neighbor

The Warren market continues strong.  Last year we reported 27 residential sales while this past year had 26 (of them were over $1M and 10 were below $500,000, a nice balance).  The economy has reacted well to the tax cuts and we hope that will bring continued growth to our market.  It is an election year so we will have to wait to see how things settle out.   

In your neighborhood there were 14 residential sales last year!

 

Let's start up north on the east side or Route 45 where #245 sold last August for $555,000, just under its list of $599,000.  It was a 3544 square foot Cape with 4 bedrooms...

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