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 August 1, 2007- September 1,2007.
Single Family HomesNumber of Homes on Market
47
Average Days on the Market
144
Average Sold Price
$331,000 ~ $349,073 AS OF AUGUST 4, 2007 ~ $356,473 AS OF JUNE 24, 2007***
Average Asking Price
$432,485
Lowest Price
$215,000
Highest Price
$1,095,000
MY LAST MARKET UPDATE WAS AUGUST 4 AND THE AVERAGE SALE PRICE WAS $349,073 THIS IS A DECREASE OF $18,073 OR 5%. THAT MEANS THE MARKET PRICE IS STILL DROPPING. USING SALES OF HOMES THAT SOLD 3 OR 6 MONTHS AGO AS A BASIS OF VALUE FOR YOUR OWN WILL NOT GIVE AN ACCURATE CURRENT MARKET VALUE. AS YOU CAN SEE, IN THE PAST SEVERAL MONTHS HOME PRICES HAVE DROPPED CONSIDERABLY. MY FIRST REPORT TOOK FROM JANUARY TO JUNE AS A BASIS, THE SECOND REPORT WAS FOR JULY, AND THIS THIRD REPORT WAS FOR AUGUST. THIS SHOWS THAT HOMES IN BERKLEY HAVE DECREASED IN VALUE 7% SINCE JANUARY 1.
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1 comment:
I didn't realize property values had gone down that much. I appreicate the simple way you have brought it to my attention.
S. Soares
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