The South Coast Real Estate Round-Up

 The Fall River MA Single Family Home Market Continues to be RED HOT! 

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 Chris is a real estate broker in Massachusetts and Rhode Island and CEO of E Z Home Search Real Estate. Real Estate is Chris's passion. He teaches agents at his company his alignment method sales and lead generation system. His mission is to teach agents question based selling, where client and customers are coached and not SOLD, resulting in them to achieving their goals.

Posted by Christopher Terry on July 25th, 2023 12:21 PM

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".

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Posted by Christopher Terry on January 18th, 2023 5:17 PM
Rhode Island real estate market continues to improve even after the near record breaking winter. Single family home sales rose 5% and median prices rose 4% while foreclosures dropped 16% as the market strengthened. 

The multi-family market is also seeing year over years increase. Units sold rose 18% and median prices rose 10%. The lager continues to be condominium sales. Units sold dropped 6% and the median price dropped to $190,000 from $195,000. Stricter mortgage regulations are making it more difficult to close on financed condominium sales.

To see the full article and sales statistics for your town visit:

Posted by Christopher Terry on May 11th, 2015 9:59 AM

MLS PIN has released its 3rd quarter market watch report. It reveals some encouraging news for Bristol County.

Year-to-Year in Bristol County sales prices are UP, the number of homes for sale is DOWN, the months of supply are DOWN, and days on market are UP. It exactly what would be expected. When prices go up it takes longer to find buyers so days on market go up.

The graph above shows that the number of homes for sale has steadily declined over the last 3 years. If you have been in the market to purchase a home over the last few years no doubt you have noticed that there are fewer homes on the market. Fewer homes for sale, plus more closed sales over the last 3 years has resulted in increased sales prices. There was a slight decline in units sold (0.9%) so we will have to watch to see if that trend continues.

Median sales prices in Bristol County are approaching 1st Quarter 2008 levels. Let take a closer look median price and the 1 year % price change for specific zip codes:

ZIP Code Median Sales Price 1-YR Price Change 
 02720 $224,000+7.6% 
 02721 $202,000+8.6% 
 02723 $182,500+4.3% 
 02724 $182,000-7.8% 
 02725 $208,000+4.0% 
 02726 $248,000-5.3% 
 02777 $240,750+5.6% 
 02790 $304,000-2.7% 

Don't see your ZIP Code? Want More? Click Here for the Full Report.

So what does this all mean? Well, if you're thinking of selling the market is looking good. Inventory is DOWN and Prices are UP! And if you are thinking about buying interest rates are near record lows resulting in excellent home affordability. Plus new financing options, like Buy Fall River Now, are making getting into a new home even easier.  
* Graphs and Market Data Provided by MLS PIN 

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 November 29th, 2014 7:33 PM


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