What is the outlook for the housing market in Walpole in 2013 ?

Asked by Dbent21, Walpole, MA Fri Feb 22, 2013

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Robin Wish, Agent, Medfield, MA
Mon Feb 25, 2013
The market is hot! Under $500k we had three homes go under agreement this past week with multiple offers and over asking price sale prices. If you are considering a move, this is the strongest market we have seen in years.
1 vote
Heath Coker, Agent, Falmouth, MA
Mon Feb 25, 2013
Inventory is limited and the market has stabilized.
In general, real estate is still on its traditional 4% appreciation in many areas.

Of course choosing a local real estate pro can help you save a lot of time.
(Not me, I'm on the Cape, but I can help you choose a local pro when you are ready.)

(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.)
1 vote
Steve Casey, Agent, Walpole, MA
Sun Dec 8, 2013
Update....things are looking pretty good. In some areas around Boston prices are near or at the high point from 2006. Definitely an upswing all around.
0 votes
Steve Casey, Agent, Walpole, MA
Wed Feb 27, 2013
Up, up and away! Looks like a roaring market in the process.
0 votes
Maria Cipoll…, Agent, Coral Springs, FL
Fri Feb 22, 2013
Home sales we up 10% nationally for the fourth quarter of 2012 compared to the same period in 2011, according to data from the National Association of Realtors. Home prices in 20 major US cities were up 5.5% in November compared with the same time last year.
The time that prices jumped this much was in August 2006, when the housing bubble was still inflating. of course, soon after that we all know prices went into a sharp decline that lead to the biggest US national financial crisis.
Reason for this price increase? The lack of inventory. If you are planning to sell make sure that you house is presented at it best before put in the market and make sure to hire a real estate agent that can really click with your needs and explain in details the marketing plan that he/she suggest for your property.

Best of Luck,

Maria Cipollone
Century 21 Tenace

0 votes
Linda Wigren, Agent, Walpole, MA
Fri Feb 22, 2013
All the news you've been reading about the improvement in our housing market holds true in Walpole. The housing statistics tell a story. In the past 6 months, the average market time on a home for sale in Walpole was 86 days. In the previous 6 months, the average market time was 109 days. This is an improvement of approximately 20%.

Keep in mind that these averages encompass all of the homes for sale. Therefore, if you are thinking you have 3 months to consider a home you like - think again! Most homes that are in good condition and are priced correctly are selling within the first few weeks they are on the market. Many are selling within days of listing, and experiencing multiple offers.

As always, factors such as location, condition, and price are the key to a successful strategy for sellers. Whether buying or selling, the services of a professional Realtor are invaluable as they know the ins and outs of their local market and immediately recognize current trends in their market.
0 votes
Robin Wish, Agent, Medfield, MA
Fri Feb 22, 2013
We are seeing the strongest market in years. With limited inventory, the scarcity of houses in town, we are seeing buyers compete for property. In the past month, I have personally been involved in multiple offer situations and properties receiving over list price sales offers.

For sellers sitting on the sidelines pondering putting their home on the market - this is the time to proceed. For buyers, get out there and search.. As interest rates creep up, this is your time to lock in a historically low long term rate before they move higher. Despite higher sales prices, a percentage point increase in interest rates FAR outweighs the price you pay for a property over the lifetime of a mortgage.

Robin Wish
0 votes
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