New Bedford Condos
New Bedford is home to some of the most affordable condominium housing in the state. Located in the South Coast region, this city has around 95,000 residents. When you want to count yourself as one of the city's newest inhabitants, you should contact us today for professional representation in buying a a condo that will fit your budget and your everyday needs.
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Buying Your Home
This South Coast city has some of the lowest priced housing in all of Massachusetts. The typical price for a condominium averages between $63,000 to $99,000. However, a few higher luxury priced units sell for as high as $600,000.
The lower priced condominiums, however, come with reasonable amenities that you normally would look for when buying a home. It is common to find furnished kitchens, carpeted floors, and forced gas heating in many of the units for sale here.
You can also find homes for sale that come with private patios or decks off the living or bedroom. The yearly HOA fees, which are typically paid separately from the asking price for the unit, pay for expenses like gas heat, water, snow removal, and other regular maintenance.
When you want to move here and buy a home, allow us to represent you during the transaction. We can locate condominiums that fall within your price range and will satisfy your needs and expectations with this type of housing.
Selling Your Home
The housing market in this city may not be as competitive as other parts of the state. However, you can still get a good price for your unit depending on its size, location, and the types of amenities it offers to buyers. Let us help you sell your home by representing you and your home in the local market.
Given the local sales trends, you can ask upwards of $60,000 to $90,000 for a unit that has more than one bedroom. Two-bedroom units here are priced around $99,000. They also tend to stay on the market fewer days than smaller units.
However, even a one-bedroom, one-bathroom home can sell quickly if you highlight the amenities in it. Some of the fixtures that home buyers look for include central heating and air, a gas or wood burning fireplace, and walk-in closets in the bedroom.
When you list your condo for sale, you also want to include details like how big it is. Condos that have sold recently in the city average around 600 to 700 square feet of living space.
Including this information upfront for buyers to consider could help you sell your residence faster and for the price that you want. If you are unsure of what price to list it for, you can allow us to help you come up with an asking price as well as vet offers.
About the City
New Bedford comprises of 10 separate neighborhoods, the priciest being Rockdale. Rockdale consists of mainly two and three-bedroom single family homes that sell for an average price of $279,000. The vacancy rate here is among the lowest in the state at 2.1 percent. It is located in the western part of the city.
The Allen and Kirby Street neighborhood houses St. Luke's Hospital and has a combination of single family homes and apartments. The average price for a house here is $263,000. The homes in this neighborhood were built primarily after World War II and as recently as 1969.
Homer's Wharf is the most affordable neighborhood in this city. It sits near the central part of the town and is home to a mixture of condominiums and apartments as well as one and two-bedroom single family homes.
Homes in this part of the city can sell for as high as $200,000. However, the average rental price is only $600. Incidentally, this neighborhood also has the biggest population out of all of the neighborhoods in the city, even with its relatively high vacancy rate of 11.1 percent.
Whether you are buying or selling a residence, you can benefit by having a real estate professional represent you during the process. Contact us today to learn how we can help you with either buying or selling a home in any of these neighborhoods.
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