Swansea Condos
Swansea, located in Bristol County, is 12 miles southeast of Providence, Rhode Island and 47 miles south of Boston. The city includes these neighborhoods:
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- Barneyville and Luther Corner -- This is a stable neighborhood with a median real estate price of $313,835, which is higher than 31.4-percent of Massachusetts neighborhoods and 31.4-percent of neighborhoods nationwide. The average rental price of $1,303 is lower than 81.0-percent of Massachusetts neighborhoods. This neighborhood is largely comprised of owner-occupied housing, especially single family homes with three to five bedrooms, and small apartment buildings. The housing was mostly built between 1970 to 1999 and 1940 to 1969. There is a 6.3-percent vacancy rate, so there is some demand for housing. The average commute to work is 15 to 30 minutes.
- Town Center and Hortonville -- The median real estate price of $302,125 is higher than 28.7-percent of Massachusetts neighborhoods and 69.0-percent of neighborhoods nationwide. The average rental price of $1,172 is lower than 88.9-percent of Massachusetts neighborhoods. This neighborhood is largely comprised of owner-occupied housing, especially single family homes with three to five bedrooms, and small apartment buildings. The housing was mostly built between 1970 to 1999 and 1940 to 1969. There is only a 3.4-percent vacancy rate, so the housing market is tight.
- Ocean Grove -- This is a census designated place with a population of 3,012 living in 1,234 households. It has 1,303 housing units. According to the 2010 census, the median household income was $43,527 with a per capita income of $20,007. This neighborhood is located on Mt. Hope Bay with a median real estate price of $302,106, which is higher than 28.6-percent of Massachusetts neighborhoods and 28.6-percent of neighborhoods nationwide. The average rental price of $1,207 is lower than 86.8-percent of Massachusetts neighborhoods. This neighborhood is largely comprised of owner-occupied housing, especially single family homes with three to four bedrooms, and studio to two-bedroom small apartment buildings. The housing was mostly built between 1940 to 1969 and prior to 1939. There is a 17.7-percent vacancy rate in the Ocean Grove area.
There are 6,130 housing units available in the city overall of which owner-occupied units account for 85.8-percent. The median home value of $302,125 includes an appreciation rate of 61.19-percent since 2000, which accounts for an average rise in property values of 2.69-percent per year. Homes built between 1940 and 1999 comprise the biggest share of available housing units. Pre-1939 housing units account for 19.2-percent; housing units built between 1940 and 1969 account for 34.4-percent housing; units built between 1970 and 1999 account for 38.4-percent; and housing units built since 2000 account for 8.4-percent. Single family housing accounts for 91.5-percent of the housing units; townhomes account for 0.6-percent of the housing units; small apartment buildings account for 6.1-percent of the housing units; and apartment complexes account for 1.6-percent of the housing units. The monthly median rent is $1,207.
This city is home to 16,482 people, who work in a mixture of blue-collar and white-collar jobs. Those residents with a bachelor's degree or higher comprise 22.63-percent of the population. Residents commute an average of 27 minutes to work. The Southeastern Regional Transit Authority (SRTA) bus line connects residents with New Bedford and Fall River. Overall the per capita income was $33,406 according to the 2010 census, and $77,531 was the median household income.
Whether you are looking for a condo as a residence or as an investment, the market in this city is very tight, so you will find yourself in a very competitive market. With our large database, we will know quickly when one is put on the market in this city. Our agents can do a market analysis of the property for you depending on whether you want it for a residence or an investment. Our agents can advise you on trends in the market, any local building restrictions, and potential development. They can inform you of properties in nearby areas where the market is less competitive. If you want the property for investment, they can advise you whether the property would give you the best return on your investment and what the occupancy rate could be. To try to prevent you from entering a bidding war or paying too much, our agents can help you make an offer and negotiate with the seller. Our goal as a buyer representative is to ensure that your purchase sets the groundwork for a successful future.
Selling in a tight market, such as this city should provide you with a lot of offers, but even in a tight market, market trends could make waiting to sell a better idea. When you are ready to consider all the offers, it is tempting to select the buyer with the highest offer. However, the ability of potential buyers to be able to close on the property in a timely manner should be investigated. If the sale of another property is necessary before a buyer can close on the property, you may want to select another offer. Our agents can investigate and share any information on the ability of potential buyers to close quickly. Letting one of our agents represent you as a seller's agent provides you with the assistance you need to make a quick, successful sale.
For the best results in this tight market, contact us to buy or list a condo in Swansea.
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