New England Properties

The Trend in Home Sales in Fairhaven MA - Improving, or...?

The Trend in Home Sales in Fairhaven MA - Improving, or...?

Home prices in Fairhaven on average are rising! Home prices are up 14.3% since July of 2009.

The current average listing price of homes for sale in Fairhaven MA is $327,666, down 1.3% from a month ago. Compare this to the current median sales price of $227,000 - where half of sales are above this amount and half below it.

3 bedroom homes are selling for less than they were while 2 and 4 bedroom homes are selling for more. Prices of 3 bedroom homes are down 12.9% from year ago levels while prices of 2 bedroom homes are up 59.7 and 4 bedroom homes are up 7.2%. Below is a chart of the trend of median prices of homes for sale in Fairhaven MA over the past 5 years through July 2010:


While prices of homes in Fairhaven are up, the number of sales for all homes is down 9.6% from year ago levels:


So what does all this mean? Well, if you're looking for a home in Fairhaven, you can probably find a bargain in 3 bedroom homes as prices are down. Still, lowball offers won't cut it in a market like this.

But if you're looking for a 2 or 4 bedroom home, you better not mess around too much. While sales overall are falling, prices of these homes are climbing. Still, sellers aren't in control of the market either, so both buyers & sellers should be reasonable when negotiating.

You can still buy a home with no money down with a VA Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing loan, you can purchase a home with as little as 3.0% down. When you're ready to buy a home, find out how much house you can afford to buy in Fairhaven or in the surrounding area.

Be sure to contact me, Lew Corcoran, toll free at 1-800-941-5616, when you're looking to get pre-approved for a purchase of your next home in Fairhaven or in the surrounding area. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.

 

 

Lew Corcoran
Licensed Real Estate Professional

Best Choice Real Estate Services
133 Turnpike St, South Easton, MA 02375
Phone Toll-Free: (800) 984-3341

Serving Easton MA and the Surrounding Area

 

Search the MLS for:

Homes for Sale | Homes for Rent

Short Sales (Pre-Foreclosures)

Government and Bank Foreclosed Homes for Sale

Learn how to Avoid Foreclosure with Home Rescue Plans

Get the latest Easton MA Real Estate Market News

1 commentLew Corcoran • September 15 2010 10:24AM

Trend in Home Sales in Fairhaven MA Through April 2010

Trend in Home Sales in Fairhaven MA Through April 2010

According to Trulia.com, sales prices of homes in Fairhaven have increased 7.6% over the past year through April 2010, but have depreciated 42.9% over the past 5 years. The current average listing price of homes for sale in Fairhaven MA is $320,786, while the current median sales price is $204,500.

The median sales price is the price at which one half of the homes sold above that amount, and one half of the homes sold below that amount. Below is a chart of the trend of median prices of homes for sale in Fairhaven MA over the past 5 years


Below is a chart of the trend in home sales in Fairhaven MA over the past 5 years through April 2010:


If you're looking to buy a home or condo in Fairhaven MA or in the surrounding area, then search the MLS.

 

 

Lew Corcoran
Licensed Real Estate Professional

Best Choice Real Estate Services
133 Turnpike St, South Easton, MA 02375
Phone Toll-Free: (800) 984-3341

Serving Easton MA and the Surrounding Area

 

Search the MLS for:

Homes for Sale | Homes for Rent

Short Sales (Pre-Foreclosures)

Government and Bank Foreclosed Homes for Sale

Learn how to Avoid Foreclosure with Home Rescue Plans

Get the latest Easton MA Real Estate Market News

0 commentsLew Corcoran • June 04 2010 10:20AM