Tuesday, May 23rd, 4:30 - 6 PM
This 5 bedroom, 2.5 bath home is situated in the heart of the Fall River Highlands and is a blend of modern amenities and traditional charm. The welcoming foyer leads you to a spacious living room that features a fireplace, hardwood floors, and large windows creating a warm and inviting feeling. The formal dining room features French doors that lead to an enclosed patio, allowing for natural light to fill the space. The kitchen features granite countertops, and stainless-steel appliances and the adjacent breakfast nook is the perfect spot to enjoy your morning coffee. Also on the first floor is a den/library/home office featuring a fireplace and access to the backyard. The backyard is completely fenced in and perfect for outdoor entertaining. This homes 5 bedrooms are spacious and bright. The basement is perfect for a home gym or additional living area and also features additional storage space. If you're looking for a spacious home with space to grow, then this property is a true gem.
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In a world so rapidly changing and a housing market and economy that is constantly responding to that change -- selling is a big decision and a big deal -- and I want you to know that I’m here to help with that every step of the way.
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Investors still see opportunity in the Fall River multi-family home market pushing the year over year median sales price up more than 20% over the last year.
From March 2022 to March 2023 Fall River saw the median sales price of multi-family homes appreciate by 20.45%. This is on top of the 15% appreciation seen from 2021 to 2022.
To add fuel to the fire there were just 72 multi-family homes listed so far this year, down 27% from last year.
With the months of supply remained steady at .66 months.
Although higher mortgage rates have reduced the buyer traffic, the opportunities in Fall River continue to attract both owner-occupied multi family homeowners and investors.
Of course, all real estate is local, so let us know if you want to know more about what is happening in your neighborhood and if you like these updates, please subscribe so you can stay in the know.
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February’s median sales price for a multi-family Home in Fall River Ma jumped 17.25% from the previous February.
In February there were 36 multi families sold and closed with a median sales price of $521,771.
That’s up 17.25% compared to the previous February when there were 53 units sold and closed with a median sales price of $445,000.
Months of supply jumped 60% to 1.06 months. Still well below a balanced market.
It’s interesting to note that multifamily homes that are active on the market have a median days on market of 97 days. While for multifamily homes that are currently under agreement the days on market is just 16 days.
This indicates that as long as you are price appropriately there are eager buyers actively looking.
Of course, all real estate is local, so let me know if you want to know more about what is happening in your neighborhood and if you like these updates, please like and subscribe so you can stay in the know.
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The number of homes listing in February jumped 138% from the previous February.
There were 31 single family homes listed for sale in February compared to just 13 last February. That’s a 138% increase from the previous year. This is good news for our inventory staved market. And more inventory means more options for buyers.
Months of supply jumped 195%. But even with that large jump there is still only 1.18 months of supply on the market. Well below a healthy real estate market.
Days to an offer was only up slightly, going from 21 days last February to 24 days this February.
And, even with the higher interest rates side lining many buyers the median sales price was up 2.33 % to $375,000.
Open House - Saturday, February 18th, 12:30 - 2
506 Ludlow St. Fall River MA 02721
Offered at: $319,900 | 3 Bedrooms | 1.5 Baths | 1320 S.F. Living Area
Welcome to 506 Ludlow Street located in the Maplewood neighborhood of Fall River MA. This single level ranch style home has over 1,300 square feet of living space with 3 bedrooms, and 1.5 baths. As you approach the property you will notice the ample parking and 2-car carport. The home sits on a large lot, providing plenty of room for outdoor entertaining, gardening and play. Its charming brick and vinyl exterior and well-maintained lawn are sure to catch your eye. Inside you will find a spacious living room warmed by natural light from a picture window, a county kitchen with a great storage and counter space, and a formal dining room off the kitchen that is perfect for hosting the holidays. Plus, there is a mud room entry off the kitchen that also leads to a nice size deck in the back yard. The basement is unfinished and offers great additional storage space, laundry hook-ups, a workshop and a half bath.
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In a world so rapidly changing and a housing market and economy that is constantly responding to that change -- is a big decision and a big deal -- and I want you to know that I’m here to help with that every step of the way.
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Inventory, or should I say lack of inventory continues to plague the single-family housing market in Fall River MA. Last year there were 27 new homes listed in January, this year 25, both years being well below the normal inventory levels. The median list price in January 2022 was $399,900, this year it was $429,900, up a little over 7% with days on market doubling to 60 days.
Pending Data
The median list price for pending sales was $374,000, in line with last January’s numbers, however the year over year days to an offer doubled to 38 days.
The number of units closed in January was down 26.7%, with a median sales price of $380,000, up just 1.9% from the previous January with days on market being just 23 days. What is interesting to note that the list price to sells price ratio that was 100% in January 2022 has dropped to 96.7% in January 2023.
Of course, all real estate is local, and this data is for all of Fall River, so let me know if you want to know more about what is happening in your neighborhood and if you like these updates, please like, and subscribe so you can stay in the know.
I’m Christopher Terry with EZ Home Search Real Estate and RememberYes, you can buy.Yes, you can sell.Yes, I can help.
*All information referenced shows median data from MLS PIN area market reports.
This is your market in a minute for multi-family homes year end 2022 in Fall River MA.
Lack of inventory continues to plague the Fall River multi-family housing market with 2022 seeing a reduction in the number of multi-family home listed for sale by 20% from the previous year further fueling the pricing appreciation.
The average selling price for a multi-family home jumped almost 19% from 2022 to $524,000 with an average price of $157 per square foot.
Fewer listings, coupled with higher interest rates, resulted in the number of closed transactions dropping 26.5%, from 468 in 2021 to 344 in 2022.
Months of supply, although still strongly in the sellers' market jumped 85% to 1.5 months' supply over the previous year.
It's going to be interesting to see how this plays out in 2023 with raising rates and lenders tightening financing coupled with low inventory.
Of course, all real estate is local, and this is only for Fall River MA, so let me know if you would like to know more about what is happening in your neighborhood, community or town. And if you like these updates. please subscribe so you can stay "in-the-know".
Enjoy Scenic Views of Muddy Cove Pond 2121 Elm St. Dighton MA 02715
Offer at: $389,900 | 3 Bedrooms | 1.5 Bath | 2,272 S.F. Living Area
This lovely 10 room Gambrel Colonial is set in the heart of Dighton and features scenic views of Muddy Cove Pond with 3 bedrooms and 1.5 baths. The original home dates back to the mid to late 1700's and has been well maintained with many updates. The first floor features a mud room entry off the driveway that leads to a recently renovated kitchen, a large laundry and storage room, and a sunroom that leads to a flagstone patio that looks out at the yard and pond. You will also find a full bath, a charming foyer entry, and a living room, dining room and first floor bedroom all with exposed beams and hardwood floors. Upstairs you will discover 2 more bedrooms, a den, a half bath and a storage room. One of the bedrooms has an additional room that would make a great walk-in closet or home office. Schedule a tour today!
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New to Market & Open House80 Bluff Ave Swansea MA 02777 Open House - Sunday, September 4th, 10:30 AM - NoonOpen House - Tuesday, September 6th, 5:30 - 7 PM
Offered at $549,900 | 2 Family | 2 Bedrooms Each | One Car Garage | Waterfront
Rare find! Multi-family home on the waterfront in Swansea MA! This well-maintained home has been owned by multiple generations and is now coming on the market for the first time! The first floor features an open floor plan, with a recently renovated bathroom, mini-split air conditioning, stainless kitchen appliances, fresh paint, hardwood floors, two bedrooms and amazing water views. The second floor also features amazing water views with an open floor plan, an updated bathroom, hardwood floors, two bedrooms, also with a mini-split AC, access to a cover patio in the front of the house and a private deck off the back overlooking the water. The basement has a common area workshop/utility room and laundry room and a recreation room/family room with a full bath with the heat, electric and AC all tied to the first-floor unit. This home has a one car garage, multiple built-in storage nooks and a pull-down ladder to the attic for even more storage. Don't let this go without taking a tour!
Back on Market 35 Glenwood Ave. Westport MA 02790 Open House - Saturday, August 6th, 10AM - Noon
Offer at: $379,900 | 2 Bedrooms | 1 Bath | 2 Car Garage | 1400 S.F. Living Area
Located at the end of a dead-end street this lovely ranch style home offers a two-car garage, a nice size yard and features a bright, open and spacious interior. Skylights and bay windows provide plenty of natural light in the bright and open living area with a door off the dining room the leads to the back yard. The bedrooms are at the end of a roomy hallway, and the den has built in shelving and a closet. Plus, the nice size mud room off the side entry and kitchen makes a great bonus space.
New to Market & Open House! 15 Berkmans St Worcester MA 01602Open House - Saturday, September 3rd, 11 - 1Open House - Sunday, September 4th, 11 - 1
Situated on a quiet street, truly a must-see property. Each unit has two spacious bedrooms with potential to convert into three-bedroom units by utilizing one of the double parlors as a bedroom. This property offers kitchens areas with the ability to convert into eat-in style kitchens in all three units. Also, additional galley style kitchen areas with a sink and additional cabinetry/ counterspace. First and Second floor have been very well maintained. Third floor unit was completely renovated and very well kept. First and Second floor units are and will remain vacant will in order to accommodate for owner-occupants. Third floor is currently being occupied, but the tenant will be moving, and the unit will be delivered vacant upon closing. Property offers one driveway along the left side for off-street parking. There is large sized yard along the right side of the building allowing for the potential to add more off-street parking or simply use in addition with the private backyard.
Price Improvement! 23 Shore Dr. Mattapoisett MA
Location, Location. Location! If location is everything, then this home is for you! Price Improvement! $1,100,000 | 2 Bedrooms | 2 Baths | 1797 s.f.
Located in Harbor Beach, a lovely seaside community in Mattapoisett MA. This private association includes 2 beaches and a boat ramp. Enjoy beautiful sunrises and spectacular water views from this contemporary style beach home. The main level features an open living area with vaulted ceilings, exposed beams, a wood burning stove with multiple sliders leading to the large deck, inviting guests and family to stay and enjoy the amazing views and all that this community has to offer. Also on the main level are two nice size bedrooms with sliders to the deck looking out at the water and a full bath. Upstairs you will find a foyer area overlooking the main level, a large family room with drop-down cots, a home office, a second full bath and access to the roof top deck where you will discover more amazing views. Other features include an outdoor shower, a storage room for your beach and fishing gear, a large, covered patio area and a mooring. Plus, this home is being offered furnished!
New Listing & Open House!35 Glenwood Ave. Westport MA 02790Open House - Saturday, August 6th, 10AM - Noon
Additional Photos 35 Glenwood Ave Westport MA
Coming Soon!2 Family Home with In-law on the Water in Swansea MA!
Unit 1 - 2 Bedroom, 1 Bath | Unit 2 - 2 Bedroom, 1 Bath | Efficiency Unit in Basement
Open house scheduled for Friday, August 12th, 6:00 - 7:00 PM and Saturday, August 13th, 10 AM - Noon
For additional details contact Chris at 774-930-4595.
Price Improvement & Open House! 23 Shore Dr. Mattapoisett MA Open House - Sunday, August 14th, 11 - 1
Location, Location. Location! If location is everything, then this home is for you! Price Improvement! $1,175,000 | 2 Bedrooms | 2 Baths | 1797 s.f.
Additional Photos of 23 Shore Dr Mattapoisett MA