The South Coast Real Estate Round-Up

Update: If you saw this post from earlier in the month and have an interest in what has been going on with the local real estate market then you might find this latest graphic update interesting:

Listing Inventory 2019 vs 2020

What a difference 3 weeks can make!

Inventory has fallen off by another 1000 homes in the state in only 3 weeks! Below is my post from earlier this month. Take a look and if you have thought about selling your home check out the seller section of our site for great information on how to prepare your home for sale, or just give me a call. I'll walk you though the process, from start to finish, all with no obligation! 

I've been thinking about how to best convey what is happening in the real estate market here in Massachusetts and on the South Coast without sounding like I'm begging you to sell your home. So, I thought I'd start with a few graphics.

What a Difference a Year Makes!

Today, there are only 4361 single family homes on the market in all of Massachusetts! 5 years ago, at this time, we had over 11,200.  And inventory is down over 50% from this time last year. In addition, this data tool includes homes that are in a "contingency" status when calculating on market inventory. So, when you factor in that a percentage of the listed inventory is "continent" then far last than 4361 homes are actually available. Until last week, inventory in Massachusetts had not fallen below 5,000 homes since records started being kept.

"That's interesting but what's happening locally?" Well, I'm glad you asked! Let's see.

It's not any better for home buyer's looking throughout Bristol County with inventory down over 57% from last year. 

"What about Fall River?" Thanks for asking! Let's see...

You have to feel for these families trying to find a place to call home when in the entire city there are only 37 homes to consider. That's homes, some of which are "contingent", at all prices points! Challenging to say the least, especially when you are on a budget!

"Is there any good news if you are a home buyer?" Yes, yes there is! 30 year mortgage interest rates hit a new record low last week! When borrowing money at these incredibly low rates, even when factoring in the home price increases, it's still can be cheaper to buy a home this year than it was a year ago!

So, I'm not begging you to list your home for sale.  But the market is starving for inventory, so if you have a property that you have considered selling I can't imagine a better market than now! 

Check out the seller section of our site for great information on how to prepare your home for sale, or just give me a call. I'll walk you though the process, from start to finish, all with no obligation! 


 Christopher Terry
 EZ Home Search Real Estate
 www.ezhomesearch.net
 chris@ezhomesearch.net
 508-646-4777

P.S. I know there is a tendency to set this aside, but don't wait! The unique market conditions that we are seeing won't last forever! Call 508-646-4777 or email me today! 

Posted by Christopher Terry on December 30th, 2020 10:40 AM



 This Property Has

 Just SOLD!

 
 SOLD MLS#:  72227720

Christopher Terry, from EZ Home Search Real Estate, just sold this beautiful 4 bedroom, 2 bath raised ranch in Fall River MA using our comprehensive marketing plan including a strategic pricing consultation, photos and video tour, mobile friendly property tour and social media marketing resulting in happy home buyers and sellers! Please call for a private consultation and Free Comparative Market Analysis of your home.

Selling a home can be an exciting and challenging experience. Don't waste time stressing about picking the best real estate agent. We have the systems, skills and experience to help you navigate the real estate transaction.
- EZ Home Search Real Estate -

Property Description
 
Great In-Law Potential. This home has numerous features including central air, hardwood floors, a generator hook up, including a generator, and a garden shed. Plus this home includes an energy and money saving solar panel system and that is owned by the seller and transferring with the sale! Located on a dead end street near the new South Coast Marketplace, minutes to route 24, with desirable features seldom found, this home is sure to please!
 Full Property Description
 
 EZ Home Search Real Estate
798 Stafford Rd. Fall River MA
Christopher Terry - About ME
It's All About You!...Comments from People Just Like You!

 

Posted by Christopher Terry on December 16th, 2017 5:51 PM
Spring is closer than you think! Punxsutawney Phil may have predicted another 6 weeks of winter today, but that does not mean you should wait until spring to put your home on the market. Many sellers feel that the spring is the best time to put their home on the market, however getting started now has it's advantages.

Reasons to Start Now.

Demand is Strong.
Technology has made it easier to track just about everything. One of the ares tracked in real estate is foot traffic. Foot traffic refers to the number of people out looking at homes. The numbers show that right now there are more people out looking at homes than any other time this year, including last years spring market. Making right now the perfect time to put your home on the market. 

Less Competition.
Let's face it, if most homeowners are waiting until the spring to put their home on the market it stands to reason that you will have less competition now. In addition, we know that inventory has dropped from this time last year meaning that in many cases there simply is not enough homes for the buyers in the market. If putting your home on the market now means less competition and more money in your pocket, why wait until spring?

The Process Takes Time.
A challenge the real estate market is facing is the length of time it takes to complete a transaction. Banks are requiring more and more paperwork before approving a loan. For this reason, many buyers who want to move in the spring, are starting earlier.

You Are Ready to Buy When There is More Inventory
If you are thinking of selling and want to make another home purchase NOW is the time to start! By finding a buyer now you are ready to buy in the spring market when there is more inventory for you to choose from. 

There Will Never Be a Better Time to Move Up
As the real estate market improves mortgage lenders become more confident in the market and loosen credit standards. The availability of more credit means more families can qualify for mortgage financing. Home price are projected to appreciate over 23% between now and 2019. In addition mortgage rates are projected to increase a full point by the end of 2015. If you are moving up to a more expensive home NOW is the time!

It's Time for New Beginnings.
It's been 7 years since the market crashed making it financially impossible for many homeowners to move on with their life without causing great harm to their credit. Since then market prices have improved and more and more homeowners are finding that they are no longer underwater. Maybe NOW is the time. Consider your reason for selling and whether it is worth continuing to wait. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should? Only you can answer those questions. The great news is you have the power to take control of the situation. Perhaps now is the time to for new beginnings and to start living the life you desire.

That is What is Truly Important.

Christopher Terry is a licensed real estate broker in Ma and RI, has completed the Accredited Buyer Representative Certification, is a graduate of the Certified Distressed Property Institute, holds the prestigious CDPE designation, is a 4-Time winner of the Master Sales Society's 5/50 Award and is the founder of EZ Home Search Real Estate Inc.
Posted by Christopher Terry on February 2nd, 2015 11:56 AM

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