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Market Conditions in Hampden County : Real Estate Advice

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Activity 23
Fri Aug 7, 2015
Christine Moran Realtor & Notary answered:
Yes. The supply of homes on the market is low. The mortgage rates are still low and the market is on an upswing.
0 votes 1 answer Share Flag
Wed Mar 18, 2015
Adam asked:
Percentage-wise, for year-to-date and the last 12 months.
Also, by how much (on avg)?
0 votes 0 Answers Share Flag
Thu Jun 5, 2014
mimilovett answered:
I live right across the street from this house and there is a bus stop either at the end of my street or on the next street.
0 votes 2 answers Share Flag
Wed Jan 15, 2014
Christine Moran Realtor & Notary answered:
It is a 3 family. Are you looking to rent?
0 votes 2 answers Share Flag
Sun Nov 24, 2013
Christine Moran Realtor & Notary answered:
They have been closing a lot of churches. Make sure to call the church and ask.
0 votes 2 answers Share Flag
Wed Oct 2, 2013
Julie Chartier answered:
This home on LAMONT STREET is not currently for sale.
0 votes 5 answers Share Flag
Sat May 4, 2013
Sherry & Gwen answered:
The Spring housing market is in full swing! It's unfortunate that the media is not totally honest with the public as they are saying that house sales are up: however, most Sellers think that prices are too! That really is not the case, home prices are definitely stabilizing at last but prices seem to be inching up very slowly. Then there is the situation with appraisals that are still falling short; the solution is we need more closed sales. It seems that we are definitely headed in the right direction which is definitely great news for all home owners. ... more
0 votes 7 answers Share Flag
Wed Apr 10, 2013
Christine Moran Realtor & Notary answered:
Wed Apr 3, 2013
Debra Vance answered:
Well, just doing a quick look, I would approximate about $150 a square foot. That's without seeing your house, of course, just an estimate done quickly.

I would be happy to do a full market comp. report for you. The amenities in your house and the location will make a difference so this was just a quick guesstimate.

Good luck in whatever you decide to do.
... more
0 votes 2 answers Share Flag
Thu Oct 25, 2012
Heath Coker answered:
It is too bad that some areas have questionable people who attract the police.
Of course, some who are considered questionable by some, are friends to others.


(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those who answer questions here.) ... more
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Thu Oct 18, 2012
Christine Moran Realtor & Notary answered:
I think it will only be affected for the better. In an economic environment characterized by job loss and low growth, casinos may emerge as a plausible solution, particularly for communities like Springfield hardest hit by recession. The building of casinos has increased employment opportunities for many workers, especially in depressed economic communities, according to testimony heard by the National Gambling Impact Study Commission. These benefits tend to be most pronounced in resort-style casinos that offer relatively high-paying jobs, as compared to so-called convenience gambling, which mainly caters to local clientele.
New casinos often lead to a reduction in welfare dependency because the proliferation of better paying jobs reduces the need for government benefits among some sectors of the population. This tends to have the greatest effect on lesser-educated workers and those who are at greatest risk of unemployment.
... more
0 votes 1 answer Share Flag
Mon Sep 10, 2012
Heath Coker answered:
Are you asking if buyers or sellers want information from you? Otherwise this seems rhetorical.
Buyers and sellers who are not curious about market conditions in their town of choice are either realtors or lenders, because those groups already know their own market.


(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those who answer questions here.)
... more
1 vote 2 answers Share Flag
Wed Jun 8, 2011
Lori Cotter answered:
Cornelian,
In addition to focusing on the "average" days on market, I suggest that you ask an experienced agent for input on things like paint colors, floor coverings and amenities that you should consider putting into your rehab to increase your potential for a quick sell . Be sure your keep your costs at a level to be able to properly priced the home for the area. ... more
0 votes 4 answers Share Flag
Sun Apr 10, 2011
Lori Cotter answered:
FHA just raised the mortgage insurance premium and we are still working on getting lots of foreclosed properties off of the market in Springfield. These are two reasons that I think we are still in a declining price situation, however I believe we are very close to the bottom. Just a little good economic news is needed to turn this around fast. We will probably see prices stay level for several years to come starting in 2012. ... more
0 votes 16 answers Share Flag
Wed Apr 29, 2009
David Collins Oliver answered:
Dear Deb,
Actually, a 3 family for 130,000 maybe in fair condition, but there is probably some work needed such as roof, cosmetics, or utilities. I am selling a 2 family in Springfield for only $110,000 which will be on the market in 2 weeks. It only needs some cosmetics and a roof.
There are lots of multifamilies in the Chicopee and Springfield market. The key is a good agent to outline the positives and negatives with each property and then taking these stats and looking at your goals for owning a property like this.
... more
0 votes 5 answers Share Flag
Fri Mar 20, 2009
Deb answered:
I j
ust want to thank you folks for answering that question I posed regarding that 3 family, they were all helpful. Matt, as soon as I have more info I will post. Thanks again. This is a very helpful and friendly site! :) ... more
0 votes 2 answers Share Flag
Tue Dec 23, 2008
Brian Sears answered:
If you mean Springfield, MA - than the simple answer is the median price for a single family in Springfield, MA was $143,700 in 2005 and is $134,000 for 2008.

To get a better answer you really need to even drill it down to the neighborhood and really look at hat is going on within that neighborhood. Than you need to look at the active, pendings, and recent solds for that neighborhood. Some neighborhoods have way too much inventory and just aren't moving while other neighborhoods actually don't have enough inventory.

As always, all real estate is local and talk to your local real estate expert.
... more
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Sat Oct 25, 2008
Susie asked:
Wed Aug 6, 2008
Matt Ingram answered:
Hi this is Matt Ingram I work with Weichert Realtors and I actually live in Kings Park and have some great market updates for you. You can email me at Mingram@weichert.com or give me a call at 571.235.3257 ... more
0 votes 4 answers Share Flag
Fri May 23, 2008
Jon Ernest answered:
People get too caught up in assessed value.....
An appraisal value and assessment value are derived from two totally different perspectives. I can't speak for every township but here in Boston assessors don't even really get into the property to see it.... Assessors don't always see the newly renovated kitchen that an appraiser would take a closer look at. There is an incentive towards an owner to have a lower assessed value , because it means their taxes will be lower.
You're just as well off going to Zillow as you are looking at the assessed value and confusing it with market value.
... more
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