by Mike Ballow

Preparations are underway for the 12th Annual Golf Tournament to raise money for the REALTOR® Community Service Committee. Proceeds from the 2014 tournament were donated among the following local groups and organizations: "Y" Strong Kids Day Camp of Taunton, New Hope, Pro Home Inc., Pride, Inc., Co-op, Boys and Girls Club of Taunton, Citizens for Citizens and Associates for Human Services.

As we get ready for this year's tournament, we are in need items for our goody bags, raffles and auctions. If you prefer to help out in other ways, we offer the opportunity to become a hole sponsor at a cost of $100 or by participating in the tournament at a cost of $100 per golfer (includes golf, cart and lunch). As always, the tournament will be a fun time with many laughs, great food and prizes. This year's tournament will be held on June 11, 2015 at The Back Nine Golf Club, 17 Heritage Hill Drive, Lakeville, MA 02347  Registration begins at 7:30 AM and we will tee off at 8:00 AM.

If you'd like to play, sponsor a hole or have other items to donate, please call Mike Ballow @ 508 269 5972. Thank you!

by Mike Ballow

Update to the blog regarding home price sales data for the 4th quarter of 2014 in Taunton, MA...

The data below is compiled from the MLS Property Information Network for the 4th quarter of 2014. If you'd like to see the market data for your particular community in Massachusetts please send me an email and I'd be happy to prepare it for you.

Use the following links to view single family homes, multi-family homes, and condominiums that are currently for sale in Taunton, MA.  As always, if you have ANY real estate related questions or needs, please feel free to give me a call!  

Single Family Homes in Taunton, MA for the period October 1, - December 31, 2014

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$50,000 - $99,999	2	21	$67,500	$67,400	100	$67,400	100
$100,000 - $149,999	8	181	$127,594	$135,213	94	$153,213	85
$150,000 - $199,999	17	88	$181,288	$187,888	97	$193,171	94
$200,000 - $249,999	29	92	$225,800	$229,000	99	$227,499	3381
$250,000 - $299,999	25	131	$268,800	$274,080	98	$286,368	94
$300,000 - $349,999	11	108	$324,800	$327,472	99	$336,217	97
$350,000 - $399,999	5	119	$371,420	$375,200	99	$397,210	94
$400,000 - $449,999	2	40	$435,500	$424,450	103	$424,450	103
Total Properties	99	Avg.109	$240,472	$244,754	98	$251,858	1057

© 2014 MLS Property Information Network, Inc.

 

Multi-Family Homes in Taunton, MA for the period October 1, - December 31, 2014

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$100,000 - $149,999	4	68	$122,750	$137,200	93	$148,675	84
$150,000 - $199,999	2	149	$180,000	$194,450	93	$209,900	87
$200,000 - $249,999	4	125	$233,000	$224,925	105	$229,925	104
$250,000 - $299,999	4	25	$259,875	$267,425	97	$269,925	96
$300,000 - $349,999	1	79	$305,000	$309,900	98	$339,900	90
$350,000 - $399,999	1	14	$353,500	$359,900	98	$359,900	98
Total Properties	16	Avg. 79	$217,563	$223,556	98	$231,994	94

© 2014 MLS Property Information Network, Inc.

 

Condominiums in Taunton, MA for the period October 1, -  December 31, 2014

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$50,000 - $99,999	5	68	$77,200	$85,840	90	$95,280	82
$100,000 - $149,999	19	90	$129,200	$133,032	97	$137,721	94
$150,000 - $199,999	5	34	$161,676	$169,420	95	$167,400	97
$200,000 - $249,999	1	182	$200,000	$208,000	96	$225,000	89
$250,000 - $299,999	2	25	$269,000	$274,900	98	$274,900	98
$300,000 - $349,999	1	134	$339,900	$339,900	100	$334,900	101
Total Properties	34	Avg. 79	$150,758	$155,632	96	$159,697	93

© 2014 MLS Property Information Network, Inc.

by Mike Ballow

Update to the blog regarding home price sales data for the 3rd quarter of 2014 in Taunton, MA...

The data below is compiled from the MLS Property Information Network for the 3rd quarter of 2014. If you'd like to see the market data for your particular community in Massachusetts please send me an email and I'd be happy to prepare it for you.

Use the following links to view single family homes, multi-family homes, and condominiums that are currently for sale in Taunton, MA.  As always, if you have ANY real estate related questions or needs, please feel free to give me a call!  

 

Single Family Homes in Taunton, MA for the period July 1, - September 30, 2014

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$50,000 - $99,999	6	319	$84,733	$97,267	88	$97,267	88
$100,000 - $149,999	14	132	$128,500	$137,064	95	$142,479	92
$150,000 - $199,999	22	97	$180,945	$186,977	97	$193,618	94
$200,000 - $249,999	29	106	$223,169	$227,355	98	$232,417	96
$250,000 - $299,999	21	61	$270,548	$273,257	99	$275,576	98
$300,000 - $349,999	14	69	$319,519	$320,657	100	$324,929	99
$350,000 - $399,999	9	90	$375,128	$377,456	99	$366,911	103
$400,000 - $449,999	1	1	$414,900	$409,900	101	$399,900	122
$450,000 - $499,999	1	89	$472,901	$469,900	101	$469,900	101
Total Properties	117	Avg.104	$232,298	$236,870	97	$239,539	96

 

© 2014 MLS Property Information Network, Inc.

 

Multi-Family Homes in Taunton, MA for the period July 1, - September 30, 2014

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$50,000 - $99,999	2	224	$94,500	$119,450	82	$169,900	56
$100,000 - $149,999	2	164	$126,250	$142,000	90	$162,450	82
$150,000 - $199,999	5	92	$175,900	$179,940	98	$184,940	95
$200,000 - $249,999	4	79	$221,567	$220,925	100	$230,950	96
$250,000 - $299,999	2	38	$272,750	$291,450	94	$323,950	86
$300,000 - $349,999	4	44	$316,250	$323,450	98	$327,450	97
Total Properties	19	Avg. 50	$211,461	$220,158	95	$235,311	89

 

© 2014 MLS Property Information Network, Inc.

 

Condominiums in Taunton, MA for the period July 1, -  September 30, 2014

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$0 - $49,999	1	89	$48,500	$59,900	81	$68,000	71
$50,000 - $99,999	2	83	$90,000	$92,200	98	$104,700	86
$100,000 - $149,999	11	70	$123,018	$125,572	98	$128,563	96
$150,000 - $199,999	4	163	$183,625	$191,200	96	$200,975	93
$200,000 - $249,999	4	153	$218,450	$218,400	100	$232,400	94
$350,000 - $399,999	1	93	$354,900	$354,900	100	$354,900	100
Total Properties	23	Avg. 103	$154,126	$157,343	97	$164,347	93

 

© 2014 MLS Property Information Network, Inc.

by Mike Ballow

As an update to my last post, there will be a fundraiser on October 12, 2014 for Taunton Firefighter Chad Larivee. Details on the event and the cause can be found by clicking here. Hope to see you there!

by Mike Ballow

As I write this post, it's been 5 days and the donations made to support injured Taunton, MA firefighter Chad Larivee have exceeded $105K! If you don't know the story by now you can read about it here. I think that the support received to date speaks loudly about a few things. The first is Chad Larivee. Although I am approximately the same age as Chad, I don't know him personally but know many people who do. They ALL speak very highly of him personally and professionally. The next are the citizens of the City of Taunton. As I scrolled through the list of people who made donations I see many names that I know who are residents of the City of Taunton who just want to help out. Finally, I'm amazed about the brotherhood and bond between firefighters everywhere. It is so strong and apparent at a time like this when one of their own is in need. Seriously, they have organized shifts so that someone is there with Chad 24 hours a day so that he is never alone! If that doesn't make the hair on the back of your neck stand up you should go and have your pulse checked...I hope and pray for Chad and his family that he is able to recover from this accident as best he can.

If you'd like to get involved by making a donation, as many people from seemingly all over the world have done already, you can go to the following website: http://www.gofundme.com/ci2rmk. Knowing the charitable nature of the Taunton Fire Department, I'm sure there will be other events and fundraisers held to help the Larivee family. If I hear of any I will post them here.

 

 

by Mike Ballow

Hope everyone is enjoying the summer! My market update for the 2nd quarter of 2014 reinforces the theory of the strength of a spring market. During my last update, we saw a decrease in the number of units SOLD across all covered segments and an increase in average sales prices in the multi family market only. Guess what happened once the spring hit? You guessed it, the number of units SOLD saw increases of 47% (single family), 113% (multi-family) and 70% (condo) from the 1st quarter of 2014!!! Interestingly, the increases in the average sales prices for single family and condominiums were each just under 10%. Don't get me wrong, an increase is an increase! Finally, while the increase in SOLD multi-family units blasted off in the 2nd quarter, the average sales price did fall by just over $6K.

Many of the investors that I work with are circling the runway as they wait for new properties to come onto the market. However, the formulas that they use to invest are changing. Many investors who were eager to buy properties in 2013 have taken a wait and see approach now that asking prices have been rising. The feeling seems to be that there aren't as many "bargains" out there to be had. The margins are getting thinner for flippers and other investors. There is still money to be made but you have to really know what you're doing. Give me a call if you have any investment related questions or are in the market to buy or sell a property just about anywhere. I'd be happy to help!!

The data below is compiled from the MLS Property Information Network for the 2nd quarter of 2014. If you'd like to see the market data for your particular community in Massachusetts please send me an email and I'd be happy to prepare it for you.

Use the following links to view single family homes, multi-family homes, and condominiums that are currently for sale inTaunton, MA. As always, if you have ANY real estate related questions or needs, please feel free to give me a call!

Single Family Homes in Taunton, MA for the period April 1, -June 30, 2014

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$50,000 - $99,999	4	141	$69,875	$78,225	90	$100,250	72
$100,000 - $149,999	4	98	$121,875	$125,725	98	$131,700	94
$150,000 - $199,999	18	145	$174,867	$180,683	97	$200,339	90
$200,000 - $249,999	21	91	$226,381	$232,419	97	$237,333	96
$250,000 - $299,999	20	89	$269,225	$273,625	99	$279,715	96
$300,000 - $349,999	14	90	$324,857	$328,193	99	$331,550	98
$350,000 - $399,999	10	73	$363,700	$361,920	101	$364,920	100
$400,000 - $449,999	1	58	$435,000	$449,900	97	$449,900	97
$450,000 - $499,999	2	152	$477,500	$487,400	98	$487,400	98
Total Properties	94	102	$251,363	$255,957	98	$264,125	95

2014 MLS Property Information Network, Inc.

 

 

Multi-Family Homes in Taunton, MA for the period April 1, -June 30, 2014

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$100,000 - $149,999	3	88	$122,333	$148,967	83	$164,667	76
$150,000 - $199,999	7	50	$174,986	$183,343	96	$173,471	103
$200,000 - $249,999	2	67	$226,500	$222,450	102	$222,450	102
$250,000 - $299,999	3	41	$261,000	$270,633	96	$271,633	96
$300,000 - $349,999	2	85	$332,000	$337,400	99	$337,400	99
Total Properties	17	Avg. 61	$205,406	$215,406	95	$214,288	96

2014 MLS Property Information Network, Inc.

 

 

Condominiums in Taunton, MA for the period April 1, - June 30, 2014

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$0 - $49,999	1	68	$47,500	$58,000	82	$65,000	73
$50,000 - $99,999	7	88	$76,764	$79,371	97	$84,671	93
$100,000 - $149,999	10	102	$124,230	$129,130	97	$133,720	93
$150,000 - $199,999	9	42	$176,122	$178,500	99	$178,500	99
$200,000 - $249,999	7	84	$220,914	$227,057	97	$228,129	97
Total Properties	34	Avg. 78	$145,843	$150,024	97	$152,891	95

2014 MLS Property Information Network, Inc.

 

by Mike Ballow

On June 12, 2014 the North Bristol County Association of REALTORS held its' 11th Annual golf tournament. The weather was beautiful and it was a fun filled day out on the course! We had 72 golfers, a nice meal, and lots of raffle items to give away afterwards! Most importantly, we were able to raise some money that will be distributed to many deserving charities and organizations throughout greater Taunton. We also collected several baskets of food and some cash that we were able to donate to the Raynham Food Pantry.

A big thank you goes out to our golfers, hole sponsors and those who donated items for our raffles and live auction. As Chairman of the RCS, I want to personally thank the other members of the committee for their time and effort in making this successful event possible. Members include, Delores Kenney, Dave Curtis, Jesse Paquette, Dan LeBrun, Jennifer Oldfield, Vicky Faunce, Marty Desjardins, Kelley Marie, Kim Thomas and Diane Blais. Thanks to all for another job well done!!!

by Mike Ballow

Happy Spring!!! My market update for the 1st quarter of 2014 shows some interesting numbers to say the least. These numbers may tell more of a story at the end of the 2nd quarter so we'll have to stay tuned to see what happens...The number of units SOLD saw deceases of 23% (single family), 64%(multi-family) and 23%(condo) from the 4th quarter of 2013. Was it the bad winter? Was the inventory low? Did rates go up? I feel that the answer to this question is a combination of low inventory and the weather. Additionally, average sales prices only increased in the multi-family segment of the market. Anyone in the business knows that inventory has been low, especially in the multi-family market. Historically, when inventory is low prices start to climb. It's supply and demand...I watched an ABC news special on Real Estate the other night. They profiled buyers in different states who were up against multiple offers on every property they made offers on. In most cases, the seller's sold at over asking price with buyer's almost begging to have their offer chosen. Some submitted letters with photos of their children to accompany the offer! As we're now a full month into the 2nd quarter there are large numbers of properties that are pending, either contingent or under agreement. Check back to see how the 2nd quarter unfolds, I can't wait!

At my last update I said and want to reiterate again that if you are on the fence, now is the time to get yourself preapproved so that you're ready to buy. Many properties are getting multiple offers but you HAVE to at least be armed with a preapproval to submit an offer! Contact me and I'll put you in touch with a mortgage professional who will help you determine and establish your purchasing power.

The data below is compiled from theMLS Property Information Network for the 1st quarter of 2014. If you'd like to see the market data for your particular community in Massachusetts please send me an email and I'd be happyto prepare it for you.

Use the following links to view single family homes, multi-family homes, and condominiums that are currently for sale inTaunton, MA. As always, if you have ANY real estate related questions or needs, please feel free to give me a call!

Single Family Homes in Taunton, MA for the period January 1, -March 31, 2014

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$50,000 - $99,999	4	126	$84,266	$92,250	93	$123,375	78
$100,000 - $149,999	8	139	$135,038	$151,313	91	$158,038	91
$150,000 - $199,999	13	155	$184,377	$192,223	96	$211,031	88
$200,000 - $249,999	17	120	$227,826	$238,045	96	$245,164	93
$250,000 - $299,999	9	148	$272,878	$275,256	99	$289,922	95
$300,000 - $349,999	6	257	$324,400	$327,782	99	$333,950	97
$350,000 - $399,999	4	84	$364,225	$364,700	100	$385,925	96
$400,000 - $449,999	3	22	$416,348	$418,000	100	$418,000	100
Total Properties	64	Avg.140	$231,181	$238,781	96	$251,245	92

2014 MLS Property Information Network, Inc.

Multi-Family Homes in Taunton, MA for the period January 1, -March 31, 2014

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$50,000 - $99,999	1	17	$97,000	$89,000	109	$99,000	98
$100,000 - $149,999	1	155	$134,000	$159,900	84	$169,900	79
$150,000 - $199,999	1	260	$198,550	$222,900	89	$259,900	76
$200,000 - $249,999	3	50	$232,267	$239,900	97	$239,900	97
$250,000 - $299,999	2	78	$284,950	$292,450	97	$311,900	92
Total Properties	8	Avg. 92	$212,031	$222,050	96	$234,038	91

2014 MLS Property Information Network, Inc.

Condominiums in Taunton, MA for the period January 1, - March, 31 2014

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$50,000 - $99,999	6	139	$76,313	$80,300	95	$82,483	93
$100,000 - $149,999	7	122	$126,000	$134,500	94	$145,228	88
$150,000 - $199,999	4	172	$186,200	$191,150	97	$193,425	96
$200,000 - $249,999	3	45	$211,600	$211,567	100	$211,567	100
Total Properties	20	Avg. 125	$135,974	$141,130	96	$145,995	93

2014 MLS Property Information Network, Inc.

by Mike Ballow

The North Bristol County Association of REALTORS Community Service Committee is in the process of coordinating the 11th Annual Golf Tournament. With past support from many individuals and companies, we have been able to make our annual tournament a great success. The money raised in 2013 was donated among the following groups and organizations: Y Strong Kids Day Camp of Taunton, Pro Home Inc., CO-OP, Pride Inc., Associates for Human Services Inc., Wounded Warrior Project, New Hope, Boys and Girls Club of Taunton, Citizens for Citizens, Our Daily Bread Food Pantry and Homes For Our Troops.

As we prepare, we are in need of items for our goody bags, raffles, and auctions. If you prefer to help out in other ways we offer the opportunity to become a hole sponsor at a cost of $100 or by participating in the tournament at a cost of $100 per golfer (includes golf, cart, and lunch). As always, the tournament will be a fun time with many laughs, great food and prizes. This years tournament will be held on June 12, 2014 at The Back Nine Golf Club, 17 Heritage Hill Drive, Lakeville, MA 02347. Registration begins at 7:30 AM and we will tee off at 8:00 AM.

If you're interested in joining us to play golf, sponsor a hole or have other items to donate please email me. Thank you in advance for your support and participation as we get back to work to make our 11th annual event a success!

by Mike Ballow

Happy New Year!!! My market update for the 4^th quarter of 2013 saw increases in the sales prices across the board for all residential housing sectors. The number of units sold however saw decreases on both single family and multi-family homes with a slight positive change on the number of condos sold within the same period. As we're into the deep of the winter there have not been a tremendous number of homes coming onto the market. This of course is a typical situation and as we know spring is just around the corner! Plus, pitchers and catchers for the Boston Red Sox report to spring training on February 15, 2014.

Interest rates continue to be in the low 4% range but the feeling from the mortgage professionals is that we will see an increase in rates in the latter part of 2014. With that said, if you are on the fence, now is a great time to get yourself preapproved and to start watching what new inventory comes onto the market. You have to be prepared and ready to write an offer even before finding the right property. Contact me and I'll put you in contact with a mortgage professional who will get your preapproval together.

The data below is compiled from theMLS Property Information Network for the 4th quarter of 2013. If you'd like to see the market data for your particular community in Massachusetts please send me an email and I'd be happyto prepare it for you.

Use the following links to view single family homes, multi-family homes, and condominiums that are currently for sale inTaunton, MA. As always, if you have ANY real estate related questions or needs, please feel free to give me a call!

Single Family Homes in Taunton, MA for the period October 1, -December 31, 2013

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$50,000 - $99,999	5	55	$82,300	$91,620	90	$95,620	87
$100,000 - $149,999	9	107	$126,289	$127,328	100	$138,817	92
$150,000 - $199,999	12	57	$173,775	$179,846	97	$184,013	96
$200,000 - $249,999	22	89	$224,739	$228,230	99	$241,257	94
$250,000 - $299,999	16	109	$272,269	$279,188	98	$289,544	94
$300,000 - $349,999	11	143	$329,159	$331,264	99	$311,446	120
$350,000 - $399,999	7	68	$367,771	$354,900	104	$356,329	104
$400,000 - $449,999	1	63	$415,000	$439,900	94	$439,900	94
Total Properties	83	Avg. 93	$235,471	$238,775	98	$243,808	98

2013 MLS Property Information Network, Inc.

Multi-Family Homes in Taunton, MA for the period October 1, -December 31, 2013

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$100,000 - $149,999	6	90	$121,567	$125,767	97	$125,767	97
$150,000 - $199,999	5	58	$175,002	$178,660	99	$176,480	100
$200,000 - $249,999	8	40	$231,100	$237,588	97	$239,075	97
$250,000 - $299,999	3	61	$269,500	$301,583	89	$311,583	87
Total Properties	22	Avg. 60	$193,714	$202,425	97	$203,834	96

2013 MLS Property Information Network, Inc.

Condominiums in Taunton, MA for the period October 1, - December, 31 2013

Price Range	# of listings	Avg. Days on market	Average Sale Price	Average List Price	SP:LP Ratio	Average Orig Price	SP:OP Ratio
$50,000 - $99,999	4	76	$72,800	$80,650	90	$90,050	83
$100,000 - $149,999	9	129	$117,989	$122,789	97	$125,300	95
$150,000 - $199,999	8	79	$177,800	$181,163	98	$188,663	95
$200,000 - $249,999	5	60	$209,437	$214,340	98	$227,160	93
Total Properties	26	Avg. 92	$147,026	$151,873	96	$158,962	93

2013 MLS Property Information Network, Inc.