Homes For Sale in Berlin Market Report

OK, with our third report for Berlin, we're getting a better feel. It's a really small town, small data set, so we know the numbers will be more volatile and we'll have to be careful drawing too many conclusions. But, with that said, Berlin is looking like many of the towns in the area. The HSI probably peaked in this report, but if nothing comes on this fall, it may climb higher.

 

 

 

 

 

Note: The chart above updates automatically with each new real estate market post, so make sure the comments you are reading line up with the time the post was published.

Can’t see the chart? You can find it Here .

 

It is certainly worth noting that Berlin has a $/sq foot of just $130 in the first report, and clocks in at $175. That's a huge swing, but with so few sales, we can't read too much into it. They are up - but I think the first number was a little low, and this month's number is a little high. We will see, as it'll work itself out over time.

 

A bit of a jump in foreclosures/bank impacted inventory, but hard to say yet if that is a worrying trend. I don't think based on this report we should make too many assumptions.

 

 

Berlin Houses For Sale and Sold Market Statistics - Raw MLS Data

 

• Berlin “Home Seller Index” (HSI): 106 Last Report: 92
• There are 13 homes listed as For Sale in Berlin.
• There have been 22 houses sold in the last 6 months, and 18 homes sold in the last 3 months.
• The Average number of Days on Market was 124 days for just SOLD homes.
• There is an Average Market Time of 212 days of the homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $175 (vs.$153 )
• There was an Average Sold Price of $442,653 for sold homes.
• Berlin ,MA, has 2 properties (Vs. 1 in the last report) advertised as lender owned/foreclosure (typically foreclosure) .
• Berlin has 1 properties (vs. 1) advertised as a short-sale is going to be needed by lender .

 

 

 

*All statistics are for Single Family Houses and based on data in MLS. Note, there will be a some what artificial jump in the rankings as the active status flag is being phased out. (this is a good thing, but will screw up my data sets).

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About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

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*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.