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Answers (5)
Best Answer
- Leland DiMeco, "BostonGreen"
- Contributions:43
To answer your question:
Zip Code: 01824
Average Home on Market: $354,500
Price Change: -0.62%
Total amount of homes sold in last quarter: 39
Percentage change in # of homes sold: 95%
Average days on market: 68
% of asking price (sold/list price): 97.8%
Compared to other neighboring towns; Chelmsford is holding there own in this market. But as you know across the board -- its a buyers market. The truth of the matter is, if you have the financing and you can actually buy a home in todays financial meltdown then make any damn offer you want. I have made extreme low ball offers on all different types of properties and no one has ever come back to me and laughed. They all took the offer serious and in most cases we ended up very close to the original offer.
The bottom line to buying this year is... if you want to move, then move. If it feels right then buy.. waiting another year probably is going to yeild you the best deal, it's all how you negoiate on the house that you want. If you can talk them down to a price that you feel not only reflects its current value but a possible drop in the market at next year then you got your self a good solid deal. Do it if it feel right!
Let me know if you have any other questions?
Leland DiMeco
(owner)
Boston Green Realty, LLC.
Zip Code: 01824
Average Home on Market: $354,500
Price Change: -0.62%
Total amount of homes sold in last quarter: 39
Percentage change in # of homes sold: 95%
Average days on market: 68
% of asking price (sold/list price): 97.8%
Compared to other neighboring towns; Chelmsford is holding there own in this market. But as you know across the board -- its a buyers market. The truth of the matter is, if you have the financing and you can actually buy a home in todays financial meltdown then make any damn offer you want. I have made extreme low ball offers on all different types of properties and no one has ever come back to me and laughed. They all took the offer serious and in most cases we ended up very close to the original offer.
The bottom line to buying this year is... if you want to move, then move. If it feels right then buy.. waiting another year probably is going to yeild you the best deal, it's all how you negoiate on the house that you want. If you can talk them down to a price that you feel not only reflects its current value but a possible drop in the market at next year then you got your self a good solid deal. Do it if it feel right!
Let me know if you have any other questions?
Leland DiMeco
(owner)
Boston Green Realty, LLC.
- Kristen Blanchet, "Massachusetts Broker"
- Contributions:526
I am aware of the layoffs in the area and have family personally affected by them. I am only stating the facts for our market. The next batch of foreclosures should be hitting the market within the next month but, regardless, the statistics are what they are. This is only my opinion based on the facts that I read daily from the Massachusetts Association of Realtors, National Association and local board. Also, being a full-time local agent this is what I am seeing....the #'s don't lie and there hasn't been a significant overall drop in prices in our area.
- pdenn4201
- Contributions:23
Kristen,
Although I appriciate you input I disagree with your assessment. Prices have not stabalized and will continue to go down. Have you heard all the layoff announcements in the area? Not to mention the next batch of forelosures after the second wave of interest rate adjustments hit. Nothing is stabliziing...
Although I appriciate you input I disagree with your assessment. Prices have not stabalized and will continue to go down. Have you heard all the layoff announcements in the area? Not to mention the next batch of forelosures after the second wave of interest rate adjustments hit. Nothing is stabliziing...
- Nathan Wolf, "natewolf"
- Contributions:1825
You were right to find a new Realtor. He should be working on your behalf. And if you want to "lowball," well, he works for you, and he doesn't really have a choice.
If he's trying to help you understand that the market is such that if you offer a more realistic amount, then you could actually secure the sale.... well that sounds like some good advice. BUT, ultimately it is up to you and the seller to determine what the sales price will ultimately be-- not your Realtor.
The prices on Zillow are not completely accurate. A Realtor in the local area is the only way to get a true and accurate Comparative Market Analysis (CMA). This is because Zillow does not actually make adjustments or look at history (sales) and current market conditions-- as in how many homes meeting the criteria are available currently.
Case in point: My own home on Zillow was actually underpriced by at least $200,000. Even after making some corrections to their Zestimate, it is way below what the current market value on my property would be. I understand why this is-- because my Zip code includes some other properties about a mile away that are not in my historic neighborhood. So you have to take the automated system like Zillow with some knowledge that it's only a computer system, not a licensed, experienced professional.
- Kristen Blanchet, "Massachusetts Broker"
- Contributions:526
Hi there!
The average sale price in Chelmsford (for single family homes) was $382,644 in 2007. In 2008 the average sale price dropped slightly to $367,688. So far, year to date the average has been $366,498.
Chelmsford has, for the most part, stabilized in pricing. I do not see our market coming down an additional 10% any time soon...at least not in our area.
The average sale price in Chelmsford (for single family homes) was $382,644 in 2007. In 2008 the average sale price dropped slightly to $367,688. So far, year to date the average has been $366,498.
Chelmsford has, for the most part, stabilized in pricing. I do not see our market coming down an additional 10% any time soon...at least not in our area.
My x-realtor said prices in chelmsford have dropped .6% since last year. is this accurate??
For some relevance here, we are looking at a home in a local town that is listed at 360k and we want to offer 310.
Please give me your thoughts. Thanks!
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