In 2012, Berkshire REALTORS managed a real estate market of over $314 million dollars in sales, up from $262 million transacted last year. Sales rose over 2011 rates in all parts of Berkshire County, with a total increase in residential market of 25%, of which there was a 23% increase in central Berkshires sales, 36% in northern Berkshire and 24% in Southern Berkshire. These signs of strong improvement mirror what we hear our Realtors reporting from the field. Richmond sales set the record for the largest increase in sales for the county. Lenox, Lee, Lanesboro and Pittsfield showed strong gains this year. Windsoralso showed strong gains.
Historically, the Berkshire real estate market peaked in 2005, with a gradual decrease in following years. Sales data indicates that 2009 was the bottom of the market, which was our lowest point in sales for the preceding 10+ years and following 3 years. The market turned with bump in sales in 2010, and again shows strength with solid growth in 2012. While our overall market peaked in 2005, the southern Berkshire residential market peaked in 2004, the northern Berkshire residential market peaked in 2005 and the central Berkshire in 2006. All markets saw the same increase in 2010 and 2012.
Despite slow growth from our low in 2009, prices continue to be more affordable and interest rates are at historical lows. The combination of these two things makes it very beneficial for people who are in the market to buy. Interest rates are expected to remain low through 2014 improving unemployment rates, favorable buying conditions, low interest rates, and slow but steadily growing confidence, 2013 has the elements for a positive year. Continue Reading
I routinely work with out of state buyers from NY, CT, NJ and FL. who are interested in purchasing Second Homes here in The Berkshires, Ma. They want to have a home in The Berkshires because it is a four season area.
They like communities that have the cultural, and outdoor activities that Berkshire County offer. In the spring and summer when they come to town they like the idea of having a lot of lakes to choose from for swimming, boating, fishing plus many trails for hiking, and cycling.
Culturally speaking The Berkshires, Ma. is known as the summer cultural center for Music, Theatre, Dance with Tanglewood, Barrington Stage, and Jacobs Pillow taking the lead of the many performing companies. Summers spent in The Berkshires taking in the fresh air, and awesome mountain views have been well known for over a century. Continue Reading
Fiori was buzzing with Great Barrington and Surrounding area Supporters at the Grand Opening Party the other evening. If the food is as good as the decor Fiori could become another second home owner favorite.
Great cocktails and appetizers were served. Word has it that the food is delicious. Authentic Northern Italian.
We were missing a great Italian restaurant in Great Barrington, Ma.. Can't wait to have dinner there – Good Luck to the Feldman Brothers.
Great Barrington – Wyantenuck Country Club is a favorite with both second home owners and full time residents. The club will be hosting the Massachusetts Golf Association’s premier amateur event from July 11-15. Wyantenuck is very proud to be hosting an event of this magnitude. With the MGA’s big events seldom being held west of Worcester, this is a rare opportunity for area golfers to play in a big tournament close to home.
The residents of Great Barrington, Ma. have voted 178 to 119 to continue to move forward with improving a plan that calls for the reconstruction of Main Street in Great Barrington. There has been great opposition to the plan by some residents and business owners who are concerned about the traffic delays the construction will cause, and the fear that shoppers will develop new shopping patterns.
This is one of my favorite Great Barrington, Ma. breakfast places. Not only is the food fresh, the service is friendly and responsive. Martin’s is a Great Barrington institution for both locals and Second Home Owners. Eggs & Pancakes go great with the Berkshire Mountain View you see through the large front window that overlooks Railroad Street. During the height of the summer season be prepared to wait to get a table, it is not uncommon to see people lining up to get into this cozy spot.