Posts in category 'Mudge Pond'

Dear Neighbor,

Over the last two years, the Covid-driven sales have reduced the available housing stock so significantly that it has skewed the typical balance of the local market.

The lopsided market has affected the number of transactions in Sharon. In the last twelve months, there were 49 sales, considerably fewer home sales than in 2021. This dramatic drop is not due to lack of interest, but lack of inventory.

Because of this imbalance we see some buyers and sellers on the sidelines waiting. With the confluence of inflation, lack of inventory, increased mortgage rates and Covid concerns waning, there is a slight pause or hesitation in the market. Hopefully, this breather will allow some restocking of houses and back to a more balanced market.

There are 9 homes in contract presently and 13 available to purchase. Despite fewer listings, purchasing desire is strong, sales are brisk and competition...

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Bain Real Estate 2019 November Mudge Pond Market Report.

Dear Neighbor,

PLEASE CLICK HERE TO SEE THE MAP

The market is healthy and vibrant, depending on how your house is priced! Yes, sales are up from 10 years ago in the midst of the Great Recession when we saw only 20 sales.  There were 49 sales that have transpired in the last 12 months. The average day on market is also lower than those trying to sell in 2009.

That said, the average buyer's motivation to purchase is mercurial. Why? Take your pick-the economy, millennial attitudes, or an older housing stock? It matters little. What matters is pricing your house properly to find a buyer.

In fact, in 2009 of the 20 houses that sold 14 of them had at least one sign...

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Bain Real Estate Sharon 2018 Mudge Pond Market Report.

Dear Neighbor,

PLEASE CLICK HERE TO SEE THE MAP.

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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PLEASE CLICK HERE TO SEE THE MAP.

 Dear Neighbor,

Yes, vernal life is slowly emerging after that oh so snowy and long winter. And over the last 12 months we have seen the same slow season-like change in the real estate market. Many of the properties under pressure from the economic turndown are being sold leaving market valued homes to compete for buyers.

Nationally the growth of values in many regions is palpable yet the Northeast has been slower than other parts of the country. In fact nationally sales have increased over 10% but in the Northeast sales only increased year over year a meager 1.6%.

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Dear Neighbor,

Spring- and the Mudge Pond neighborhood is alive with the birds chirping at 5:00AM, the peepers boisterous and the daffodils bursting. This year it is especially welcomed after that hard, hard winter.

Over the last 12 months we have seen a season-like change in the real estate market.2013 marked a period in which the market started to shift subtly.  Many of the properties under pressure from the economic turndown were sold leaving more market valued homes to compete for buyers.

Nationally the growth of values in many regions is palpable.  The economy is startin...

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