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Nov 13 2008

Did Your House Fail To Sell? Expired Listing Rejuvenation!

Is this the sign that you want buyers to see? 

If your listing has expired with one or more REALTORS and you still want or need to sell then you need to be very careful with your next agent or the impression that the public will get is just that….STILL for sale.  Long term listings can cause a property to have a stigma within the public eye, one that can keep the right buyer from even looking at the home.

So, how do you choose the right agent to take your move to the finish line?  Here are a few suggestions:

*Look for the agents that are using new and non-traditional marketing.  Someone with a creative use of marketing will be more likely to see something new and exciting in your home.

*Research local agents on the internet.  Look at their websites, their blogs, their online presence will tell you a lot about who they are and how they work.

*Find an agent who is able to help stage (or can connect you with a stager) the property for re-marketing as part of the refresh.

*Ask the agent if they will hold a broker’s open house after the home has been refreshed.  The fastest way to change the perception of the home is to convince the area brokers and agents.

Is your Western Massachusetts home recently expired?  Call me today to schedule an appointment for me to do my “Expired Listing Checklist” with you.  Very often I can pinpoint the exact reason that a home hasn’t sold.

Lesley Lambert, Park Square Realty, 413-575-3611

www.therealestatenatural.com

Written by Lesley Lambert · Categorized: Various

Oct 30 2008

Now isn’t so bad. I mean it…

I have worked in real estate for a long time.  When I began my career “Wham” was still a band and not the sound of the market falling and I could still afford a 2 coffee a day habit.  Twenty years ago when I started in real estate the business was different and so was I…way, way different.

Well, as the saying goes, that was then and THIS is now.  I am going to say something that you won’t believe.  You will think I am making this stuff up, but…I will say it anyways because I am a brassy girl with a big mouth.  NOW ISN’T SO FRIGGIN BAD PEOPLE!

Ok, I feel better now that I got that off my chest.  But, seriously.  In 1989, when I was hitting my one year anniversary in the real estate business the mortgage interest rate fluxuated from 9.6% to 10.9+%.  The unemployment rate was hovering around 5%. 

 Times were not easy, we were all pinched and worried, but at no time in my recollection did things become so “dramatic” as they are now. 

What changed?  Well, since this is my blog, I guess I am entitled to my opinion:

THE MEDIA.  Scarey stuff on the boob tube, but do you want these schmucks dictating your life?

Now, I won’t tell you things are all sunshine and cinnamon right now.  They aren’t. Times are hard and the market is volitile at best, I see reality like everyone else.  BUT…

Look at the convergence of the facts for real estate buyers right now:  low low low interest rates (my first home was a VA purchase at 9% and I thought that was good!), the home values have hit the valley and are due for a mild bounce and in the Western Massachusetts market things have quieted down and tabled. 

It is very feasible that you could “wait for things to get better” only to find out that the rates have gone up, values are still the same and you just spent a year living somewhere you didn’t like all to save not one penny.

Don’t let me tell you what to do, either.  That makes us both schmucks.  Do some research.  Do some soul searching.  Take a leap of faith or take a breather.  Whatever you decide, do it because you decided it was right…don’t let the shock jocks rule your world.  We didn’t in 1989 and I think we were better for it!

 

Written by Lesley Lambert · Categorized: Various

Oct 29 2008

Consistency: Park Square Realty, Westfield, MA #1!

CONSISTENCY   (5 Years)   #1 for LISTINGS SOLD 

   2004, 2005, 2006, 2007, 2008 Combined   

 West Springfield, Agawam/Feeding Hills, Southwick & Westfield  

Market Share – All Firms  
Report Run: 10/24/2008 4:38:38 AM
Property Type(s): SF, CC, MF, LD, CI, BU, RN, MH
Start Date: 01/01/04
End Date: 10/24/08
Towns: Agawam, Southwick, West Springfield, Westfield
…  Office ………………………………………………………………………………………….. Listings Sold………………………………….               
1

Park Square Realty – Westfield, MA 01085                                                         853                                                                                      

          
2

Coldwell Banker Residential – Waltham, MA 02451                                            745                                                                                      

 

       
3 Carlson GMAC REal Estate – Beverly, MA 01915                                              693                                                                                                
4 Keller Williams Realty – Longmeadow, MA 01106                                              473                                                                                                    
5 Century 21 A-1 Nolan Realty – West Springfield, MA 01089                              241                                                                                             

This is why I work with Park Square Realty….RESULTS! 

If you want results, call Lesley Lambert, The Real Estate Natural at  413-575-3611  or visit www.therealestatenatural.com

Written by Lesley Lambert · Categorized: Various

Oct 08 2008

Stony Hill Condos, 419 Southwick Rd, Westfield, MA Sales Report

STONY HILL CONDOMINIUMS, WESTFIELD, MA  

  I thought you might be curious to know what the market activity has been in our development over the past year. If you or someone you know is thinking of making a move, I can provide the professional help needed.  Just call 575-3611.

The following report will show you all of the activity since October 2007.

 

Condominium Active Listings

 

 MLS #

Status

Address

Town  

Rms  

Br  

Bth  

Style  

Garage

List Date

DOM  

List Price

 

 

70814914

ACT

419 Southwick Road U:H37

Westfield, MA

5

2

1/1

Townhouse

1 Attached

9/3/2008

35

$209,900  

                                                                                                   

 

70752080

ACT

419 Southwick Rd U:A3

Westfield, MA

5

2

1/1

Townhouse

1 Attached

4/28/2008

163

$219,500  

                                                                                                   

 

70825033

ACT

419 Southwick Road U:F-26

Westfield, MA

7

3

2/0

Townhouse

1 Attached

9/23/2008

57

$229,900  

                                                                                                   

 

  Condominium Active Listings: 3       Average List Price: $219,767     Average Market Time: 85.00

                                                                                               

 

 

Condominium Under Agreement Listings

 

 MLS #

Status

Address

Town  

Rms  

Br  

Bth  

Style  

Garage

Off Market

DOM  

List Price

 

 

70769381

UAG

419 Southwick Road unit U:F25

Westfield, MA

6

3

2/0

Other (See Remarks)

1 —

8/7/2008

69

$234,900  

                                                                                                   

 

  Condominium Under Agreement Listings: 1       Average List Price: $234,900     Average Market Time: 69.00

                                                                                               

 

 

Condominium Sold Listings

 

 MLS #

Status

Address

Town  

Rms  

Br  

Bth  

Style  

Garage

Sale Date

DOM  

Sale Price

 

 

70730037

SLD

419 Southwick Rd U:P64

Westfield, MA

5

2

1/1

Townhouse

1 Attached

5/30/2008

201

$219,000

                                                                                                   

 

70729517

SLD

419 Southwick Road U:L 52

Westfield, MA

6

3

2/0

Townhouse

1 Attached

5/30/2008

6

$222,000

                                                                                                   

 

70663706

SLD

419 Southwick Road U:J42

Westfield, MA

6

3

2/0

Townhouse

1 Attached

8/29/2008

170

$220,000

                                                                                                   

 

70795375

SLD

419 Southwick Road U:C9

Westfield, MA

4

2

1/1

Garden

1 Attached

9/19/2008

16

$232,000

                                                                                                   

 

70653977

SLD

419 Southwick Road U:P63

Westfield, MA

4

2

1/1

Garden

1 Attached

10/31/2007

6

$239,900

                                                                                                   

 

70703719

SLD

419 Southwick Road U:N59

Westfield, MA

4

2

1/1

Garden

1 Attached

5/16/2008

52

$234,000

                                                                                                   

 

  Condominium Sold Listings: 6       Average List Price: $231,083       Average Sale Price: $227,817     Average Market Time: 75.17

                                                                                               

 

 

 MLS #

Status

Address

Town  

Rms  

Br  

Bth  

Style  

Garage

Off Market

DOM  

List Price

 

 

70625308

EXP

419 Southwick Rd U:P64

Westfield, MA

5

2

1/1

Townhouse

1 Attached

12/31/2007

152

$229,900  

                                                                                                   

 

70672433

EXP

419 Southwick Road U:Unit Q69

Westfield, MA

5

2

2/0

Garden

1 Attached

7/31/2008

200

$233,900  

                                                                                                   

 

  Condominium Expired Listings: 2       Average List Price: $231,900     Average Market Time: 176.00

                                                                                               

 

 

 

Condominium Canceled Listings

 

 MLS #

Status

Address

Town  

Rms  

Br  

Bth  

Style  

Garage

Off Market

DOM  

List Price

 

 

70805071

CAN

419 Southwick Rd U:F-26

Westfield, MA

6

3

2/0

Townhouse

1 Attached

9/22/2008

42

$238,900  

                                                                                                   

 

  Condominium Canceled Listings: 1       Average List Price: $238,900     Average Market Time: 42.00

                                                                                               

 

 

 

The information in this listing was gathered from third party sources including the seller and public records. MLS Property Information Network and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Content ©2008 MLS Property Information Network, Inc.

 

Written by Lesley Lambert · Categorized: Various

Oct 08 2008

Westfield, Agawam, West Springfield and Southwick, MA Property Sales Report

Here is some very interesting research about this quadrant in Western Massachusetts.  This shows the trend in sales over the last decade.  The best part about this report is that it demonstrates that this area has been sheltered from the huge downward adjustment in home values that other areas have experienced. 

Yes, the market has changed dramatically since the peak in 2005, but the biggest difference is how many houses are being sold, not the actual values.  Great news for people in W. MA who have some equity in their homes!

AREA PROPERTY SALES
         
         
  WESTFIELD AGAWAM/F.H. WEST SPRING. SOUTHWICK
2008 SALES #          AVERAGE SALE PRICE 279                   $225,560 214                    $212,148 184                   $204,883 70                    $260,739
         
2005 SALES #            AVERAGE SALE PRICE 414                       $241,015 279                    $217,610 243                    $209,110 109                      $271,580
         
% CHANGE FROM 2005       # PROPERTIES SOLD – AVERAGE SALE PRICE
32.6 %                    6.4 %
23.3 %                        2.5%
24.3 %                        2.1%
35.8 %                        4.%
         
         
         
QUADRANT 10 YEAR HISTORY
(Westfield, Agawam / Feeding Hills, West Springfield & Southwick Combined)
     
YEAR # PROPERTIES SOLD AVERAGE SALE PRICE
1999 943 $128,155
2000 857 $136,795
2001 873 $146,657
2002 871 $159,886
2003 862 $173,289
2004 939 $202,211
           2005   (Peak) 1045 $230,070
2006 966 $229,842
2007 885 $229,597
2008 747 $220,294
         
         
         
         
         
         
Source of Information: MLS Property Information Network
All statistics based on first 3 Quarters of each given year. Ex: 01/01/08 – 09/30/08
         

Written by Lesley Lambert · Categorized: Various

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