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 Berkshire Real Estate Market Report
I have always loved white rooms. My favorite wall color use to be Benjamin Moore Linen White.
The creamy yellow undertones went well with a Shabby Chic look. Over the last few years I am using Benjamin Moore China White.
It is modern and also soft. China White goes with almost all colors, and looks especially well with neutrals.
Both these colors have had universal appeal for many years and are sold premixed, which helps with the accuracy and standardization of the color.
Matching colors are tricky, always have your paint store give you a sample of a color you are looking to match.
Small differences sometimes caste different tones on large expanses such as walls.
Here is an interesting article about how choosing white is not so "black & white"
One good thing about all the rain we have had this year in the Berkshires is that our gardens should be very lush.
I live in Great Barrington, Ma. and i can see from my own gardens that the blooms this season are full with what looks like rich color. As far as the effect on Berkshire Real Estate Sales, beautiful well maintained landscaping and gardens are eye candy. They help to create those magic words Curb Appeal.
For Berkshire visitors, Second Home Owners and year round residents the Lenox Garden Clubs annual tour ” Hidden Treasures of The Berkshires” will be July 9th.
Pricing in today’s market is key. Buyers are not only looking at List Price but also at Assessed Value. When a house is first listed is the time that it generates the most excitement. So Pricing your house right from the get go will help you sell it more quickly, when buyer enthusiasm for your property is high.
Berkshire Real Estate – West Stockbridge, Ma. This very special property with Spectacular Mountain Views from every room has just had a PRICE REDUCTION. The new list price ($1,950,000) is well below the assessed value. This is the perfect time of year to enjoy Berkshire Mountain Views. Swim and Relax in the Fabulous Infinity Pool. Begin to make plans to entertain your family and friends in this extraordinary light filled property. Every time i show this house i have to resist jumping into the pool. Priced To Sell $1,950,000
Click on the link below to see details and more photos.
W.Stockbridge, Ma. – Vista Hill is an architecturally designed property that captures Mountain Views from every room. Spacious common rooms, soaring ceilings, great flow, inspiring gourmet kitchen, sensational dining room with bamboo ceiling. A Wrap around deck, infinity pool, large screened porch, master suite w/his & her bath, 5 additional bedrooms, game room, and 4 1/2 baths complete this multi level property located on one of the most scenic roads in West Stockbridge, Ma. Located near the towns of West Stockbridge, Lenox and Great Barrington, with Fine Dining, Theatre, Dance Tanglewood, Shakespeare & Co, Edith Wharton Home and all Berkshire Attractions. $2,300,000
This magnificent property is also being made available for Summer/Vacation Rental.
For more information contact Marlene (413) 717-0773