Mattapoisett Condos

Mattapoisett is a small town on the Massachusetts coast. It is home to a year-round population of 6,000. Its lighthouses, shorelines, and quaint community feel make Mattapoisett a popular destination for tourism in the summer, which increases its daytime population count and brings seasonal residents for the summer. The main roadways servicing the area are I-195 and Route 7. There is also a bus service that reaches New Bedford, and there is an MBTA commuter rail that has a line into Boston. There are several airports in the area, including Boston Logan International Airport, which is one of the largest international airports on the East Coast.

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With its bucolic setting, location on the coast, and convenient transportation to Boston, this vibrant town is a popular place to live. Its residential market, which consists of single-family homes, townhouses, and multi-family units, is quite healthy, and it has a strong commercial market as well. Townhouses in 2018 are selling for an average price of $392,000. They spend about 83 days on the market from listing to final sale, regardless of factors like size, age, and neighborhood. In 2018, all new listings to date have had a price range between $200,000 and $400,000. Homes in this price range join a handful of existing properties listed between $400,000 and $600,000. Homes in both price ranges are selling at about the same rate. Listing prices are generally slightly higher than final sale prices. New listings are most common from late spring (May) through the early fall (October). They drop off for a few months and pick up again in early January. March is historically a popular time for home sales, while sales are also seen in June and July, and again in October. Homes priced between $400,00 and $600,000 spend approximately 88 days on the market, while properties priced between $200,000 and $400,000 are on the market for an average of 78 days.

The average home, as of 2018, is valued at $438,600. There has only been an increase in home value of 0.8% since 2017, which is less than the rapidly escalating prices found in many towns around Boston. Despite a slight dip in home values through the second quarter of 2017, home prices are now rising, and they are expected to continue increasing through 2019. The median list price of homes in this town is about $539,900. In square feet, the median list price is about $248, which is lower than the price per SF in Boston of $268. Along with economic and market trends, foreclosure rates will have an impact on market prices. The town's foreclosure rate is 15.2 homes per 10,000 homes as of 2018, which is higher than the national average of 1.6 homes out of every 10,000 foreclosed nationwide. The rate of delinquent mortgage payments in this town is 1.3% in 2018, which is lower than the rate of 1.6% across the county. The percentage of homeowners underwater on their mortgages is also lower here than it is the Greater Boston area. About 4% of homeowners are underwater on mortgage, and about 6.3% are underwater on mortgage payments across the country. Approximately 4% of homes here have negative equity.

If you are buying a home, contact our office for assistance. We are here to walk you through the process of home buying, which begins with research and includes making financing arrangements like applying for a loan and getting pre-approved for a mortgage. We'll then help you find an ideal location and start contacting homeowners for properties that you would like to visit. When you find a good fit, we will help you navigate the sales contract and complete a final closing.

On the selling side, you can also contact our office for help to sell your property. There are certain steps to follow for this process too, which includes marketing your property and finding a suitable asking price. We'll help you determine what repairs and renovations you might need to make to make your home more marketable and more valuable. We will also help you advertise your property in the right place, whether that's online, in a publication, or in a local newspaper. As with buying a home, it's important that you understand the legal and financial aspects of closing a sale, and our staff offers assistance with that step, too. We can also help you schedule showings for your home via an open house. Once you've found someone willing to buy your property, the last step is closing a sale. This is the time to get all paperwork signed and in order, and ask any outstanding questions that you might have. Once this part is finished, you can move on to purchasing your next home, whether it is just down the street or in an entirely new location. The advantage of working with a real estate agent is that he or she can help you make sure that the sale is finalized according to applicable standards, which ensures that the seller and new buyer have a satisfactory experience.

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