New England Properties

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

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

Home prices in Fall River on average are falling! Home prices have fallen 9.6% since July of 2009.

The current average listing price of homes for sale in Fall River MA is $219,752, down 3.1% from a month ago. Compare this to the current median sales price of $160,000 - where half of sales are above this amount and half below it.

2, 3 and 4 bedroom homes are selling for less. Prices of 2 bedroom homes are down 14.1% while prices of 3 bedroom homes are down jut 0.2% and 4 bedroom homes are down just 0.8%. from year ago levels. Below is a chart of the trend of median prices of homes for sale in Fall River MA over the past 5 years through July 2010:


The number of sales for all homes are up from year ago levels:


So what does all this mean? Well, if you're looking for a home in Fall River, you can probably find a bargain as prices are down significantly the past couple of years. Still, lowball offers won't cut it in a market like this. Still, buyers 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 or with a USDA Rural Development Home 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 Fall River 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 Fall River 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

0 commentsLew Corcoran • September 02 2010 10:51AM

Trend in Home Sales in Fall River MA Through April 2010

Trend in Home Sales in Fall River MA Through April 2010

According to Trulia.com, sales prices of homes in Fall River have increased 5.0% over the past year through April 2010, but have declined 33.9% over the past 5 years. The current average listing price of homes for sale in Fall River MA is $224,317, while the current median sales price is $168,000.

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 Fall River MA over the past 5 years through April 2010:


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


If you're looking to buy a home or condo in Fall River 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

1 commentLew Corcoran • May 06 2010 07:19AM