Posted by: RAPV | July 22, 2014

June single family real estate sales up 2.4%

SALES – June 2014 single family sales were up 2.4 percent in the 3-county Pioneer Valley area (MA). There were 507 sales this June compared to 495 in June 2013.

MEDIAN PRICE was $205,000 which was up 2.5 percent from $200,000 in June 2013.  This is the sixth straight month of median price increases.

Read the full report which includes inventory levels, supply at current rate of sale, days on market and listings under agreement.

County reports will vary.

SALES – May 2014 single family home sales dropped 12.2 percent in the 3-county Pioneer Valley area (MA).  There were 375 sales this May compared to 427 in May 2013. 

MEDIAN PRICE was $205,000 which was up 2.8 percent from $199,500 in May 2013.  This is the fifth straight month of median price increases.

Read full report

County reports will vary.

This year marks the 40th year the Realtor® Association of Pioneer Valley has awarded scholarships to area high school graduates about to enter college. Nineteen students were awarded a total of $11,500. They were honored at a banquet held June 10th at Storrowton Carriage House in West Springfield MA. Since 1992, four hundred and twenty-two students have been awarded $242,281 in scholarships from the Realtor® Association.

Read about these young people and where they plan to attend college.

Posted by: RAPV | May 28, 2014

Massachusetts named smartest state in the nation

Massachusetts named smartest state in the nation

Residents of Massachusetts, hold your well-educated head high. The Commonwealth has been named the smartest state in the nation. In the list ” The 10 Smartest States in America ,” the website The Street compared education levels, income and standardized testing scores.

The report considered the following data:

  • Percent of population with bachelor’s degrees: 38.2 percent
  • 2013 median household income: $65,339
  • 2013 Average SAT score: 1553

SALES - Single-family sales rose 8 percent in the 3-county Pioneer Valley area (MA) in April.  There were 323 sales this April compared to 299 in April 2013. 

MEDIAN PRICE – The median price was $185,000 which was up 2.8 percent from $180,000 in April 2013.  This is the fourth straight month of median price increases.

INVENTORY of available property for sale increased 5.5 percent to 2,471 single-family listings.

Read the full report.  County numbers will vary.

 

The Mass. Association of Realtors (MAR) reported today that while a general shortage of homes for sale pushed sales down and prices up in March, the spring market is starting to come to life.  The number of new listings of single family homes in March increased 12% over the same time last year.

Here is a link to the statewide March 2014 housing release that was issued by MAR.

Statewide single family sales were down 11.5% in March.   The single family median price was up 8.3% to $314,063.  For a comparable: Pioneer Valley March sales were down 19.3%.  The median price was up 4.2% to $184,750.

SALES - March 2014 home sales dropped 19.3 percent in the 3-county Pioneer Valley area (MA).  There were 242 sales this March compared to 300 in March 2013.  March capped off a storm-ridden winter which impacted the number of closed sales.  The addition of new mortgage financing regulations also had an impact to delay some closings.

MEDIAN PRICE – The median price was $184,750 which was up 4.2 percent from $177,250 in March 2013.  This is the third straight month of median price increases.

PENDING SALES - Listings under agrement to sell are up 28 percent, from 385 in March 2013 to 493 in March 2014.  A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale is usually finalized within one or two months of signing. 

INVENTORY of available property for sale increased 4 percent.

Read the full report.  County reports will vary.

 

 

 

Posted by: RAPV | March 27, 2014

President Obama Signs Law Curbing Flood Hikes

NAR-backed legislation limiting how much flood insurance premiums can rise per year was signed into law last week. Premium hikes are limited to 25 percent a year and the federal government must reimburse homeowners who have seen excessive premium hikes. The law also takes aim at inaccurate rate hikes. The entire MA congressional delegation supported the legislation. In a statment, NAR President Steve Brown thanked REALTORS® for their 300,000 letters to lawmakers urging passage.

Posted by: RAPV | March 19, 2014

Congress Passes Bill to Slow Flood Insurance Hikes

NAR-backed legislation that puts the brakes on skyrocketing flood insurance premium hikes passed Congress last week and is expected to be signed by President Obama. The “Homeowner Flood Insurance Affordability Act,” H.R. 3370, generally limits any annual increase to 18 percent on newer homes and 25 percent on some older ones. The bill also charges a temporary assessment to help the Federal Emergency Management Agency (FEMA) improve its financial picture. Summary.

Posted by: RAPV | March 11, 2014

Feb real estate sales for Pioneer Valley (MA)

February 2014 home sales were down for the second straight month.  There were 211 single-family homes sold in February, a 5.8 percent decrease from the 224 sold the same time last year.  Median price closed up for the second straight month.  The median selling price was $170,000 which was up 2.6 percent from $165,750 in February 2013.  Inventory of SF-homes decreased 1.2 percent.  Buyer demands for homes pushed pending sales up 8 percent in February.

Read the complete report.  County numbers will vary. 

Posted by: RAPV | March 6, 2014

Real Estate and Economic Outlook

Dr. Lawrence Yun, NAR Chief Economist and Senior VP of Research, made a presentation at NAR’s New England Regional Committee Conference on Feb 27.  The presentation, Real Estate & Economic Outlook, includes a national overview and data specific to the six New England states. Excellent material.

Posted by: RAPV | January 24, 2014

4 strategies to hit your profitability goals in 2014

Inman News has an interesting article, “Hit production goals in 2014 by ditching least profitable activities” to help you with your 2014 business plans. Four great tips here.

Posted by: RAPV | January 16, 2014

2013 real estate sales for Pioneer Valley (MA)

Single family sales up 2 percent
Median price up 5.3 percent to $188,000
Condo sales up 14.7 percent
Median price dips .2 percent to $147,000
County reports vary.

2013 single family sales report
2013 condo sales report

Organized in 1915, the Realtor Association of Pioneer Valley is a professional trade organization with more than 1,600 members serving Hampden, Hampshire and Franklin counties in the Pioneer Valley of western Massachusetts.

New mortgage lending rules to protect consumers from risky loan products take effect Friday, Jan. 10, 2014.  What does this mean for the market?  Take a look at comments by NAR Pres-Elect Chris Polychron and Consumer Financial Protection Bureau Director Richard Cordray at an event held this week.

November home sales in the Pioneer Valley declined 7.3% compared to November 2012.  The November median price rose 0.6% from $178,950 to $180,000.  Year-to-date (Jan-Nov) sales rose 1.6%.  Year-to-date median price rose 6.2% to $189,000. 

The Massachusetts Association of Realtors reported November sales down 8.9% statewide.  The median price rose 7.3% to $316,500.

Pioneer Valley report.
Statewide report

Posted by: RAPV | December 26, 2013

NAR Economist Details 2013 Housing Trends

According to Lawrence Yun, chief economist for NAR, there were a few surprises in the national housing market in 2013.  Read all about it.

Single family sales rose 2 percent in September – from 395 sales in September 2012 to 403 last month.

The median price rose 10.5 percent from $172,000 to $190,000.

Inventory dropped 4.3 percent.

County reports vary.

Posted by: RAPV | August 12, 2013

July SF sales climb 17.7%. median price up 8.9%

July2013

July 2013 Single Family Sales Report for Pioneer Valley (MA)
- Sales climb 17.7% after a drop in June
- Median price climbs 8.9%. Nineth consecutive monthly increase.
- Inventory down 10%
- County reports vary.

The sale of single family homes in the Pioneer Valley (MA) rose 1.2 percent in May – from 420 units in May of 2012 to 425 last month. The median price jumped 11.6 percent during the same time period – from $178,250 to $199,000.

The report tracks closed sales, dollar volume, average and median price for the Pioneer Valley region, and separately for Franklin, Hampden and Hampshire counties. County reports vary.

Read the entire report here.

‘Good Time to Buy or Sell’ is the lead line in Channel 22′s coverage of the MAR Realtor Day on Beacon Hill held June 6.  The 2 minute story includes comments by MAR President Kimberly Allard-Moccia, RAPV President Brian P. Sears, and Corinne Fitzgerald, Immediate Past President.  Fifteen members and staff traveled to the state house to participate.  Members meet personally with 11 lawmakers and staff of another 4 offices.  Those attending: Carolanne Bright, Cyndie Degan, Corinne Fitzgerald, Shelley Gutowski, Dawn Henry, Lou Mayo, Pat Nolan, Brian Risler, Gerry Roy, Russ Sabadosa, Rick Sawicki, Ben Scranton, Brian Sears, Kevin Sears, and Steve Snow.

Watch the coverage here: http://j.wwlp.com/c72b6

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