As far as I'm concerned, Berkshire real estate has seen the end of its recent downturn. While the national media said the real estate market had hit bottom sometime in the late Fall of 2011 my thought for the Berkshire market was that late August 2011 was the turn-around point.It took a few months of steady (yes, and slow) progress to be sure that was the case and it does appear so. Homes coming on the market for the first time are at a price that makes sense to buyers, who are still looking for extraordinary values. Property coming back on the market is also priced well.
In terms of actual buying patterns there are two price ranges that feel strong - homes priced under $350,000 and high end homes. We are actually seeing competing bids for houses in those price ranges. In fact, county wide compared to this time last year we are up nearly 20% in the number of sales and our inventory is down nearly 13%.
In short, this is a good time for buyers to buy - prices are still good and bank rates are still excellent. It's a great time for sellers to put a house on the market (as long as it's priced right) because there's not as much out there as there used to be.
This great village home in West Stockbridge is newly listed at an amazing $239,900.
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ReplyDeleteYes, this price of property is really very good for me and also for many people and your blog contain good information of real estate market.
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It's a great time for sellers to put a house on the market (as long as it's priced right) because there's not as much out there as there used to be.-realtors Sacramento CA-
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