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Where are the Foreclosures in Central Massachusetts?

Where are the Foreclosures in Central Massachusetts?

July 23, 2010:  Today I am looking at the market to see which towns have the most foreclosures.  The inventory of foreclosed properties has dropped since earlier in the year.  Since my business centers on the towns of south-central Massachusetts, my report today includes only those towns.  If you are looking for specific foreclosure data in a particular town, give me a call and I will pull that information for you.

Below you will see two graphs.  The first shows the number of foreclosed properties on the market among several towns.  The second shows the average list price of those foreclosed properties.

 

massachusetts foreclosures

 

price of massachusetts foreclosures

 

You can use this data to see where there is a higher inventory of foreclosed properties with relatively lower prices.  For example, the town of Spencer currently has 8 foreclosed properties on the market, with an average list price of about $85,000.  There may be some investment opportunities there.  Keep in mind, however, that a low list price often means a high level of repairs needed.

See my 2010 2nd Quarter Market Reports on the following towns.  These reports show important market trends since the end of the home buyer tax credit incentive that ended in June 2010:

Charlton Real Estate

Dudley Real Estate

Oxford Real Estate

Southbridge Real Estate

Sturbridge Real Estate

Yours in real estate,

Kathryn Acciari, REALTOR
RE/MAX Professional Associates

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Kathryn Acciari, RSPS, SRS, RESE, CFA

Century 21 MetroWest
45 Lyman Street  Suite 14
Westborough MA 01581

Serving the Route 9/20 Corridors of Central Massachusetts
Sturbridge to Westborough

Cell: (508) 982-0686   
Email:
kasellshomes@gmail.com

Web site: kathrynacciari.com
Blog:
Real Estate Blog
Twitter: @kacciari

Comment balloon 10 commentsKathryn Acciari • July 23 2010 09:35AM

Comments

Nice graphs. I will have to do something like this for the Western Slope of Colorado.

Posted by Debbie Laity, Your Real Estate Resource for Delta County, CO (Cedaredge Land Company) about 8 years ago

Hi Debbie.  I had been wanting to pull this together for a while.  I'll be able to use it if/when that next wave shows up!

Posted by Kathryn Acciari, RSPS, SRS, REALTOR(R) Sturbridge-Shrewsbury MA (Cameron Real Estate Group) about 8 years ago

Kathryn  Those graphs make it easy for people to see where and how much foresclosures cost as well as numbers of homes - well done

Posted by Karen Kruschka, - "My Experience Isn't Expensive - It's PRICELESS" (RE/MAX Executives) about 8 years ago

Great foreclosure information here....I have looking at these trends it is very interesting...

Posted by Jennifer Dulmaine, Seth Campbell Realty Group (Keller Williams Realty) about 8 years ago

A nice presentation and the graphs are great for people to understand what is happening in the market.  Well done.

Posted by Joan Whitebook, Consumer Focused Real Estate Services (BHG The Masiello Group) about 8 years ago

Karen:  Thanks.  The graphs do give a great picture of the current market (as you know).

Jen:  It does help to see what is going on in Central MA.

Joan:  Thank you very much!

 

Posted by Kathryn Acciari, RSPS, SRS, REALTOR(R) Sturbridge-Shrewsbury MA (Cameron Real Estate Group) about 8 years ago

Great Idea, i have done something similiar for the North Central Mass market area. Posted it on my blog.

Valuable information, thanks for sharing.

 

David

Posted by David Hyre, Keller Williams Realty North Central (Keller Williams Realty No. Central) about 8 years ago

David:  Thanks.  It's a great way to keep track of market trends, isn't it?

Posted by Kathryn Acciari, RSPS, SRS, REALTOR(R) Sturbridge-Shrewsbury MA (Cameron Real Estate Group) about 8 years ago
 

yes they look so nice but Foreclosures are such tough on to stomach.

Posted by Paul Gapski, 619-504-8999,#1 Resource SD Relo (Berkshire Hathaway / Prudential Ca Realty) almost 7 years ago

Hi Paul:  Some of them are stinkers, to be sure, but I have found that many banks are starting to streamline their systems, thankfully.

Posted by Kathryn Acciari, RSPS, SRS, REALTOR(R) Sturbridge-Shrewsbury MA (Cameron Real Estate Group) almost 7 years ago

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