Monday, March 10, 2014

Area Market Survey for Franklin, MA


Active Listings
Price Range# of
Listings		Avg. Days
on Market
$0 - $49,99900
$50,000 - $99,99900
$100,000 - $149,9991112
$150,000 - $199,99900
$200,000 - $249,9993118
$250,000 - $299,9995330
$300,000 - $349,999390
$350,000 - $399,999227
$400,000 - $449,999448
$450,000 - $499,999212
$500,000 - $599,999645
$600,000 - $699,999457
$700,000 - $799,99900
$800,000 - $899,999394
$900,000 - $999,99941685
$1,000,000 - $1,499,99900
$1,500,000 - $1,999,99900
$2,000,000 - $2,499,9991334
$2,500,000 - $2,999,99900
$3,000,000 - $3,999,99900
$4,000,000 - $4,999,99900
$5,000,000 - $9,999,99900
$10,000,000 - $99,999,99900
Total Properties38Avg. 277
Lowest Price: $100,000Median Price: $494,450
Highest Price: $2,295,000Average Price: $555,747
Total Market Volume: $21,118,372


Price Changed Listings
Starting Price Range# of Listings
with Price Changes		# of
Price Changes		Avg. Total
Price Change %		Avg. Total
Price Change $
Under $50,000----
$50,000 - $99,999----
$100,000 - $149,999----
$150,000 - $199,999----
$200,000 - $249,99911-16.67 %-$40,000.00
$250,000 - $299,9994613.27 %$36,943.00
$300,000 - $349,999----
$350,000 - $399,999----
$400,000 - $449,99911-1.59 %-$7,000.00
$450,000 - $499,999----
$500,000 - $599,99922-2.66 %-$15,000.00
$600,000 - $699,99911-3.72 %-$25,100.00
$700,000 - $799,999----
$800,000 - $899,999----
$900,000 - $999,999----
$1,000,000 - $1,499,999----
$1,500,000 - $1,999,999----
$2,000,000 - $2,499,999----
$2,500,000 - $2,999,999----
$3,000,000 - $3,999,999----
$4,000,000 - $4,999,999----
$5,000,000 - $9,999,999----
Over $10,000,000----
Totals9111.27 %$5,074.67


Pending/Under Agreement Listings
Price Range# of
Listings		Avg. Days
on Market
$0 - $49,99900
$50,000 - $99,99900
$100,000 - $149,99900
$150,000 - $199,99900
$200,000 - $249,99900
$250,000 - $299,999348
$300,000 - $349,99900
$350,000 - $399,999241
$400,000 - $449,999132
$450,000 - $499,999451
$500,000 - $599,999254
$600,000 - $699,999183
$700,000 - $799,99900
$800,000 - $899,99900
$900,000 - $999,99900
$1,000,000 - $1,499,99900
$1,500,000 - $1,999,99900
$2,000,000 - $2,499,99900
$2,500,000 - $2,999,99900
$3,000,000 - $3,999,99900
$4,000,000 - $4,999,99900
$5,000,000 - $9,999,99900
$10,000,000 - $99,999,99900
Total Properties13Avg. 50
Lowest Price: $259,900Median Price: $450,000
Highest Price: $669,000Average Price: $443,623
Total Market Volume: $5,767,100

Sold Listings
Price Range# of
Listings		Avg. Days
on Market		Average
Sale Price		 Average
List Price		SP:LP
Ratio		Average
Orig Price		SP:OP
Ratio
$0 - $49,99900$0 $00$00
$50,000 - $99,99900$0 $00$00
$100,000 - $149,99900$0 $00$00
$150,000 - $199,999183$150,000 $169,90088$169,90088
$200,000 - $249,99900$0 $00$00
$250,000 - $299,999261$282,000 $286,95098$296,95095
$300,000 - $349,99900$0 $00$00
$350,000 - $399,999139$395,500 $379,900104$379,900104
$400,000 - $449,99917$435,000 $424,900102$424,900102
$450,000 - $499,99900$0 $00$00
$500,000 - $599,999184$569,000 $569,000100$569,000100
$600,000 - $699,9994607$659,250 $679,90097$689,90096
$700,000 - $799,99900$0 $00$00
$800,000 - $899,99900$0 $00$00
$900,000 - $999,99900$0 $00$00
$1,000,000 - $1,499,99900$0 $00$00
$1,500,000 - $1,999,99900$0 $00$00
$2,000,000 - $2,499,99900$0 $00$00
$2,500,000 - $2,999,99900$0 $00$00
$3,000,000 - $3,999,99900$0 $00$00
$4,000,000 - $4,999,99900$0 $00$00
$5,000,000 - $9,999,99900$0 $00$00
$10,000,000 - $99,999,99900$0 $00$00
Total Properties10Avg. 276$475,050 $483,72098$489,72097
Lowest Price: $150,000Median Price: $502,000
Highest Price: $695,000Average Price: $475,050
Total Market Volume: $4,750,500

Expired Listings
Price Range# of
Listings		Avg. Days
on Market
$0 - $49,99900
$50,000 - $99,99900
$100,000 - $149,99900
$150,000 - $199,99900
$200,000 - $249,99900
$250,000 - $299,99900
$300,000 - $349,99900
$350,000 - $399,99900
$400,000 - $449,999167
$450,000 - $499,99900
$500,000 - $599,9991106
$600,000 - $699,99900
$700,000 - $799,99900
$800,000 - $899,99900
$900,000 - $999,99900
$1,000,000 - $1,499,99900
$1,500,000 - $1,999,99900
$2,000,000 - $2,499,99900
$2,500,000 - $2,999,99900
$3,000,000 - $3,999,99900
$4,000,000 - $4,999,99900
$5,000,000 - $9,999,99900
$10,000,000 - $99,999,99900
Total Properties2Avg. 87
Lowest Price: $434,900Median Price: $477,400
Highest Price: $519,900Average Price: $477,400
Total Market Volume: $954,800
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Friday, February 7, 2014

Senate Passage of Bill to Delay Flood Insurance Rate Hikes

RE-post from MAR

Massachusetts REALTORS® Praise Senate Passage of Bill to Delay Flood Insurance Rate Hikes
2/4/2014
WALTHAM, Mass. - January 30, 2014-  Massachusetts REALTORS®  applauded U.S. Senate passage today of the Homeowner Flood Insurance Affordability Act, S. 1926.  In a 67-32 bi-partisan vote, the bill would require a four year delay in implementation of costly flood insurance rate increases resulting from the 2012 Biggert-Waters Act. 
 
The measure now goes to the House of Representatives.  Realtors have been actively advocating for reform since the dramatic increases in flood insurance premiums became known.   
 
“This legislation will help homeowners across the country and especially here in Massachusetts where they are seeing extreme increases in their premiums,” said 2014 MAR President Peter Ruffini, regional vice president at Jack Conway & Co., in Norwell. “This delay would provide the Federal Emergency Management Agency (FEMA) with the time to complete an affordability study and research the true impact of the law as we have experienced it here.”
 
Data from the National Association of Realtors® shows that through January 2014, just four months into the law’s implementation, more than 40,000 home sales were estimated to be either delayed or canceled because of increases and confusion over flood insurance rates.   The Biggert-Waters Act of 2012 was meant to stabilize National Flood Insurance Program rates.
 
"The unintended consequences of the Biggert-Waters Act, along with incomplete FEMA flood maps and inconsistent rate calculations, led to huge premium increases for many policy owners across the country. We applaud the support of Massachusetts Senators Warren and Markey and thank bill sponsors, Sens. Bob Menendez, D-N.J., Mary Landrieu, D-La., and Johnny Isakson, R-Ga.  We now look to the House of Representatives to take up the bill in the same bipartisan manner" said Ruffini.
 
About the Massachusetts Association of REALTORS®:
Organized in 1924, the Massachusetts Association of REALTORS® is a professional trade organization with more than 19,000+ members.  The term REALTOR® is registered as the exclusive designation of members of the National Association of REALTORS® who subscribe to a strict code of ethics and enjoy continuing education programs. 
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Tuesday, January 28, 2014

Area Market Survey for Franklin, MA 1/28/14


Active Listings
Price Range# of
Listings		Avg. Days
on Market
$0 - $49,99900
$50,000 - $99,99900
$100,000 - $149,999238
$150,000 - $199,9991133
$200,000 - $249,9992141
$250,000 - $299,9999196
$300,000 - $349,99900
$350,000 - $399,999131
$400,000 - $449,999294
$450,000 - $499,9991250
$500,000 - $599,999672
$600,000 - $699,999294
$700,000 - $799,99900
$800,000 - $899,9991180
$900,000 - $999,99932195
$1,000,000 - $1,499,99900
$1,500,000 - $1,999,99900
$2,000,000 - $2,499,9991293
$2,500,000 - $2,999,99900
$3,000,000 - $3,999,99900
$4,000,000 - $4,999,99900
$5,000,000 - $9,999,99900
$10,000,000 - $99,999,99900
Total Properties31Avg. 335
Lowest Price: $100,000Median Price: $415,000
Highest Price: $2,295,000Average Price: $508,819
Total Market Volume: $15,773,400


Price Changed Listings
Starting Price Range# of Listings
with Price Changes		# of
Price Changes		Avg. Total
Price Change %		Avg. Total
Price Change $
Under $50,000----
$50,000 - $99,999----
$100,000 - $149,999----
$150,000 - $199,99911-14.29 %-$25,000.00
$200,000 - $249,99911-19.97 %-$49,900.00
$250,000 - $299,99922-4.47 %-$12,500.00
$300,000 - $349,99911-1.67 %-$5,000.00
$350,000 - $399,999----
$400,000 - $449,99922-2.29 %-$9,950.00
$450,000 - $499,999----
$500,000 - $599,99911-9.09 %-$50,000.00
$600,000 - $699,99922-2.33 %-$15,000.00
$700,000 - $799,999----
$800,000 - $899,999----
$900,000 - $999,999----
$1,000,000 - $1,499,999----
$1,500,000 - $1,999,999----
$2,000,000 - $2,499,999----
$2,500,000 - $2,999,999----
$3,000,000 - $3,999,999----
$4,000,000 - $4,999,999----
$5,000,000 - $9,999,999----
Over $10,000,000----
Totals1010-5.13 %-$20,480.00


Pending/Under Agreement Listings
Price Range# of
Listings		Avg. Days
on Market
$0 - $49,99900
$50,000 - $99,99900
$100,000 - $149,99900
$150,000 - $199,999183
$200,000 - $249,999182
$250,000 - $299,999196
$300,000 - $349,99900
$350,000 - $399,999115
$400,000 - $449,999270
$450,000 - $499,99900
$500,000 - $599,9992108
$600,000 - $699,9994607
$700,000 - $799,99900
$800,000 - $899,99900
$900,000 - $999,99900
$1,000,000 - $1,499,9991148
$1,500,000 - $1,999,99900
$2,000,000 - $2,499,99900
$2,500,000 - $2,999,99900
$3,000,000 - $3,999,99900
$4,000,000 - $4,999,99900
$5,000,000 - $9,999,99900
$10,000,000 - $99,999,99900
Total Properties13Avg. 246
Lowest Price: $169,900Median Price: $509,900
Highest Price: $1,179,000Average Price: $525,538
Total Market Volume: $6,832,000

Sold Listings
Price Range# of
Listings		Avg. Days
on Market		Average
Sale Price		 Average
List Price		SP:LP
Ratio		Average
Orig Price		SP:OP
Ratio
$0 - $49,99900$0 $00$00
$50,000 - $99,99900$0 $00$00
$100,000 - $149,99900$0 $00$00
$150,000 - $199,99900$0 $00$00
$200,000 - $249,99900$0 $00$00
$250,000 - $299,99900$0 $00$00
$300,000 - $349,999194$342,500 $365,90094$419,90082
$350,000 - $399,999123$390,000 $415,00094$425,00092
$400,000 - $449,99900$0 $00$00
$450,000 - $499,99912$471,000 $459,000103$459,000103
$500,000 - $599,99900$0 $00$00
$600,000 - $699,999126$685,000 $709,90096$709,90096
$700,000 - $799,99900$0 $00$00
$800,000 - $899,99900$0 $00$00
$900,000 - $999,99900$0 $00$00
$1,000,000 - $1,499,99900$0 $00$00
$1,500,000 - $1,999,99900$0 $00$00
$2,000,000 - $2,499,99900$0 $00$00
$2,500,000 - $2,999,99900$0 $00$00
$3,000,000 - $3,999,99900$0 $00$00
$4,000,000 - $4,999,99900$0 $00$00
$5,000,000 - $9,999,99900$0 $00$00
$10,000,000 - $99,999,99900$0 $00$00
Total Properties4Avg. 36$472,125 $487,45097$503,45093
Lowest Price: $342,500Median Price: $430,500
Highest Price: $685,000Average Price: $472,125
Total Market Volume: $1,888,500

Expired Listings
Price Range# of
Listings		Avg. Days
on Market
$0 - $49,99900
$50,000 - $99,99900
$100,000 - $149,99900
$150,000 - $199,99900
$200,000 - $249,999130
$250,000 - $299,999128
$300,000 - $349,99900
$350,000 - $399,99900
$400,000 - $449,99900
$450,000 - $499,99900
$500,000 - $599,99900
$600,000 - $699,9991208
$700,000 - $799,9991156
$800,000 - $899,99900
$900,000 - $999,99900
$1,000,000 - $1,499,99900
$1,500,000 - $1,999,99900
$2,000,000 - $2,499,99900
$2,500,000 - $2,999,99900
$3,000,000 - $3,999,99900
$4,000,000 - $4,999,99900
$5,000,000 - $9,999,99900
$10,000,000 - $99,999,99900
Total Properties4Avg. 106
Lowest Price: $229,900Median Price: $474,450
Highest Price: $725,000Average Price: $475,950
Total Market Volume: $1,903,800
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