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.
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.
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.
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
- Pioneer Valley sales slip 0.9 percent, from 223 in Feb 2012 to 221 in Feb 2013.
- Pioneer Valley median price up 7.1 precent to $166,000 from $155,000 in Feb 2012.
Read full report
Includes inventory, supply, days on market, and listings under agreement. Includes individual reports for Franklin, Hampden and Hampshire counties.
Pioneer Valley (MA)
- Sales of single family homes rose 15.6 percent – from 238 in January 2012 to 275 in January 2013.
- The median price rose 1.6 percent from $160,400 in January 2012 to $163,000 in January 2013.
Reports vary for Franklin, Hampden, Hampshire counties.
Read the complete sales report which includes inventory, supply, days on market, and listings under agreement.
2012 Real Estate Sales Report – Pioneer Valley
- Sales of single family homes rose 17.6 percent when compared to the 2011 figures (from 3,868 to 4,551 homes)
- SF median price was $178,500, down 0.8 percent from $180,000 in 2011
- Condo sales up 5.6 percent (591 to 625 units)
- Condo median price up 0.5 percent from $147,000 to $147,500
- The Massachusetts Association of Realtors report SF sales up 21 percent (from 38,146 to 46,312 homes) and median price up 1.0 percent (from $295,000 to $298,000). Condo sales jump 22 percent (from 14,758 to 18,045) and price rose 4 percent from $270,000 to $282,000.
Newtown (CT) Board of Realtors® Identifies 2 Entities for Donations
One of the children killed in the Newtown shootings was Caroline Previdi, the 6-year old daughter of Connecticut REALTOR® Sandra Previdi of William Raveis Real Estate.
The town has been overwhelmed with gifts. They can’t process the volume of items and have asked that those who wish to help consider a financial contribution. The Newtown Board of Realtors® has identified two entities for donations.
http://www.newtownctrotary.org/SandyHookSchoolFund.cfm This is the Newtown Rotary Sandy Hook School Fund. If you visit the website, you will see the extent of services town wide to help all those affected by this tragedy.
http://www.newtownyouthandfamilyservices.org/ This is Newtown Youth and Family Services. Please earmark donations for “Caroline’s Gift” to assure 100% of the donation is dedicated to services for addressing community needs arising from the school tragedy.
Read message from Bob Kennedy, EVP, CT Association of Realtors.
Pioneer Valley sales climb 10.3 percent
- Single family sales up 10.3 percent (Nov 2012 compared to Nov 2011)
- Median price drops 3.4 percent to $178,000
- Inventory down 7.4 percent
- 195 is average days on market
- Listings under agreement up 21.2 percent
- County reports vary
Mortgage Interest Deduction ‘Call for Action’
The NAR Mortgage Interest Deduction Call for Action (CFA) is still open. The RAPV response rate is 11.98% with 152 REALTORS® responding. The MAR rate is 16.29% with 2,485 REALTORS® responding. The national member response rate is 12.79%, with over 103,000 REALTORS® responding. This is the big issue and now is the time. Please respond to the CFA if you haven’t already and encourage all the REALTORS® you know to do the same.
To send the CFA, go to REALTOR® Action Center: www.realtoractioncenter.com. To help you ask others to respond, NAR has prepared talking points on this CFA and why it is so important. Feel free to use these in your conversations with other REALTORS®: http://www.ksefocus.com/billdatabase/clientfiles/172/10/1706.pdf