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".
This lovely 3 bedroom, 2.5 bath hip roof colonial home sits on a nice size fenced in lot and is move in ready. The first floor offers a spacious living, dining and kitchen area, a laundry room and half bath. Upstairs you will find a master bedroom suite with a full bath and 2 closets, a second full bath off the hall and 2 more bedrooms. The basement has been partly finished with a family room, a kitchenette and a spare room. Other features include hardwood floors and central air, all for under $270,000!!
LOCATION, LOCATION, LOCATION! This is a commuters dream! Gage Hill Estates, an upscale condo community - is located minutes from the Fall River Country Club and route 24 for e-z access to Newport, Providence, Cape Cod and the Boston area. These townhouse condominium units both feature beautiful water views, 3 large bedrooms and 3 full baths, a garage deep enough for 2 cars, 2 private balconies, a private patio area, laundry on the second floor, room for storage and much more! The Master Suite offers a private balcony with water views, a walk-in closet, a full bath with walk-in shower and whirlpool tub! They also offer forced hot air with central ac, a fully equipped kitchen, plus there is a second private balcony off the living, the list goes on and on...And if you are looking for space, these homes have it! Just a short drive to Newport, Providence, or Cape Cod, Gage Hill Estates offers an easy commute to work or play!
Christopher Terry just listed this townhouse condominium featuring beautiful water views and minutes to Route 24 and the F.R. County Club! This townhouse condominium offers 3 large bedrooms and 3 full baths, a garage deep enough for 2 cars, 2 private balconies, a private patio area, laundry on the second floor, room for storage and much more! The Master Suite offers a private balcony with water views, a walk-in closet, a full bath with walk-in shower and whirlpool tub! This home also offers forced hot air with central ac, a fully equipped kitchen, plus there is a second private balcony off the living, the list goes on and on...And if you are looking for space, this home has it with over 2400 s.f. when the garage area is included. Just a short drive to Newport, Providence, or Cape Cod, Gage Hill Estates offers an easy commute to work or play!
Christopher Terry, of EZ Home Search Real Estate, just listed this lovely 3 bedroom, 2.5 bath contemporary colonial home located on a nice lot in a the desirable Maplewood neighborhood of Fall River MA. Located near South Watuppa pond and the Tiverton line. This custom home features include a great yard for entertaining with an in-ground pool with a large deck/patio area. The first floor features a living room with cathedral ceilings and hardwood floors, a family room with hardwood floor and a wood burning fireplace with access to the back yard and a large deck for entertaining, a half bath, a laundry room, and a kitchen with stainless appliances. Upstairs there is a master bedroom with french doors and a balcony, a walk in closet and a master bath, a common bath in the hall and two more bedrooms plus access to storage over the garage. For more information or to view this home come to our open house or contact your agent or call Chris today!