Western Mass Homes Lesley Lambert

Various

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.

 

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
         

Paint it and Pack it Up! One REALTOR’S advice on getting your home SOLD!

I am just back from a series of three broker’s open houses.  Each REALTOR was looking for us to send honest feedback to their motivated homeowner.  For two out of three of the homes, the feedback was the same:  clean it up!

 

Even after 20 years in real estate, I am still surprised at how many REALTORS and homeowners do not take the initiative to stage the home for sale.  Here is what I tell my homeowners:

1- You are moving anyways, so start packing EVERYTHING you don’t use on a day to day basis.  Then tuck away the stuff you must have around.

2- Regardless of when you last painted, take the artwork down and get a fresh coat of neutral.  Re-hang only the most neutral and decorative pieces.

3- Re-arrange the furniture for traffic flow and remove pieces that obstruct.

4- No personal items: no family photos, no wierd knick knacks, no embroidered pieces…neutralize the decor to look like a show room in a furniture store.

5- Devil is in the details: loose doorknobs, bad faucets, heating grates that rattle, stained showers, animal smells…these must be addressed prior to hitting the market.

I have re-fitted dozens of listings in this way and gotten homes sold that sat and sat with a less motivated REALTOR.  If you have a house that needs to be re-freshed in a proactive way then get in touch for a personalized list of recommendations.

www.therealestatenatural.com

 

REO/BPO/CMA/MLS/CRS/UAG/PCG….WTF, Translation PLEASE!

I have just taken steps to re-enter the world of REO and BPO work.  I was having a discussion with a friend, filling her in on my newest ventures and she stopped me with, “Hold on!  I am feeling like you speak a foreign language…what the heck are you saying?”

This market has brought our business to the foreground of the media and I think we often take for granted that “laymen” understand our lingo.  We abbreviate everything and as my friend pointed out to me, sometimes we are speaking jibberish to the normal person. 

In the effort to clear up some of your questions, here is a small lexicon of abbreviations and their meanings…I hope it will shed some light for those normal people and serve as a reminder to us professionals to speak clearly!

REO=real estate owned by a lender

BPO= broker’s price opinion similar to a:

CMA=Competitive Market Analysis

MLS= Multiple Listing Service

UAG= Under Agreement

PCG= Price Change

FHA – Federal Housing Administration

FMR – Fair Market Rent

FMV – Fair Market Value

FSBO – For Sale by Owner

HML – Hard Money Lender

HOA – Homeowners Association

HUD – Housing and Urban Development

LLC – Limited Liability Company

LLP – Limited Liability Partnership

LTV – Loan to Value

NNN – Triple Net Lease

NOI – Net Operating Income

NOO – Non-Owner Occupied

OO – Owner Occupied

O/F – Owner Finance

P&S – Purchase and Sale

PITI – Principal, Interest, Taxes and Insurance

PUD – Planned Unit Development

REI – Real Estate Investing

Still need some help in the real estate glossary department?  Visit http://www.realestatewords.com/ or give me a shout out!  www.therealestatenatural.com I am here to help!