New On The Market This Fall
Surprise…it’s Fall in New England. I’m seeing the odd red leaf and smelling wood stoves; it’s got to be autumn.
Sellers and their agents are wringing their hands and cursing the stock market crash. The last time this happened, people pulled out of the market and inflated real estate prices, but I don’t see that happening again — although I do think we’re in the cellar as far as prices go. I guess that will depend on what happens with this bailout, and whether or not the government steps in to stop foreclosures and renegotiate bad loans before they lead to more “illiquid assets.”
That’s something banks could have done on their own, BTW.
Normally, agents would be busy this time of year — now is when you buy if you want to spend the winter holidays in your new home. It usually takes 60-90 days to close on a house. So, for those of you giving a big Howard Dean “Whoooooooo!” over the possibility of further price drops, here are some of the newest properties to hit Redfin:
3 Greenwood
Beverly, MA 01915
Beds: 4/Baths: 3.5
SQ.FT.: 4800
$1,250,000
23 Ashton Street
Beverly, MA 01915
Beds: 3/Baths: 1
SQ.FT.:1112
$ 289,900
27 Railroad Street West, #14
Beverly, MA 01915
Beds: 2/Baths: 1.5
SQ.FT.: 1326
$ 335,000
Megalomaniacal Financial Fantasies…and Open Houses In Salem
