Sunday, August 5, 2007

MARKET REPORT FOR BERKLEY AS OF AUGUST 4, 2007

Berkley, MA

Total Market Report is provided to give you an overall picture of the current market conditions.

The following report is for single family homes sold in Berkley from May 4, 2007- August 4,2007.

Single Family Homes


Number of Homes on Market
49


Average Days on the Market
156


Average Sold Price
$349,073 $356,473 AS OF JUNE 24, 2007***


Average Asking Price
$433,565


Lowest Price
$149,900


Highest Price
$1,095,000

MY LAST MARKET UPDATE WAS JUNE 24 AND THE AVERAGE SALE PRICE WAS $356,473 THIS IS A DECREASE OF $7,400 OR 2%. THAT MEANS THE MARKET PRICE IS STILL DROPPING BY APPROXIMATELY 2% PER MONTH. PRICING YOUR HOME AT OR 2% BELOW MARKET IS WHERE YOUR HOME PRICE BELONGS NOW IF YOU WANT TO SELL YOUR HOME IN A TIMELY MANNER FOR MAXIMUM MARKET VALUE!!!

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