32 Lyford Rd, Spencer MA 01562 is now SOLD

Looking to Sell a House in Spencer MA or the surrounding towns? Call 508-232-7926 or use our 15 second home value estimator Worcester County Houses For Sale:

The homes shown above are exclusive listings offered by The Pro’s Real Estate Team at Keller Williams Greater Worcester.

This property is now SOLD!!! Not to worry, here are more homes for sale in 01562 under $300,000.

Taylor and David met with us and we talked about what they were looking for. The market we are currently in has been a great market for sellers…… not so much for buyers as there aren’t many homes available and of those that are, buyers are competing with each other and getting into multiple offer situations.

We know how to navigate these crazy markets and this house was no exception. This house was originally listed for $319,000 and the seller had done a price reduction. We looked at this house and had a feeling it was a great fit for what Taylor and Dave wanted so we set up the showing. After learning a little more about the seller and their motivation, we were able to make a lower offer that was acceptable and lock this one up for our buyers. We officially closed and our buyers are super excited to get moved in and start enjoying their new home.

Just because the market is on fire doesn’t mean that their aren’t good deals to be had. If you are looking for a new home and want to have a Pro help you then, Contact us today

32 Lyford Rd, Spencer MA 01562

SOLD: $285,000

To see some other great listings like it call The Pro’s Real Estate Team at 508-232-7926.

See more Homes for Sale with 2+ Bedrooms in 01562

Related Article: First Time Home Buyer Seminars

See more Homes for Sale UNDER $250,000 in Worcester County

Related Article: How to buy a home – The Process

11 Nottingham Rd, Oxford, MA

Get Directions Click Here

OPEN HOUSE Sun, 11:30AM to 1:00PM

$ Click for current price
3 BEDROOMS | 1 Baths (1 full ) BATHROOMS | 938 SqFt

Updated and roomy ranch for single level living. Nothing to do but move right in. This 3 bedroom 1 bath also features a finished lower level with a wood stove for supplemental heat. Large level lot is completely fenced in for privacy, pets or pastimes. The exterior and interior have all been freshly painted. Updated kitchen , New floors throughout main level, freshly updated bathroom and a new deck for enjoying the back yard. Lower level features storage and laundry and 3 separate finished rooms (near 500sqft) Use as Living room, office, guest space or playroom the possibilities are endless. This home will not last: first showings at open house! Be there if you are looking for affordable, spacious move in ready home in the heart of Oxford. Minutes from 290!

Schedule a Showing/Request Info

Presented By:

The Pro’s Real Estate Team

KW Pinnacle Central
508-232-7926
Licensed In: MA & CT
License #: MA 9522801 – CT 0805510

Licensed in Massachusetts & Connecticut. Copyright 2000-2018 Keller Williams Realty. – a real estate franchise company. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. Not intended to solicit those who are currently under exclusive agreements with any other brokerage

Another Grafton MA Home Sold

Looking to Sell a House in Grafton MA or the surrounding towns? Call 508-232-7926 or use our 15 second home value estimator

Worcester County Houses For Sale:

The homes shown above are exclusive listings offered by The Pro’s Real Estate Team at Keller Williams Greater Worcester.

6 Pine Hill Rd, Grafton MA

This property is now SOLD!!! Not to worry, here are more homes for sale in 01560 between $300,000 & $400,000

We originally helped our client purchase this home back in 2016. He enjoyed it for several years before deciding to purchase some land and build his dream home. He called us up and let us know his plans so we put together a game plan and got this house ready to go and under contract in only 4 days of listing it. Its officially closed and our seller can put the proceeds towards his new home! This property closed February 21st, 2020 for $333,000! If you are considering buying a new home and want to work with a team of agents that will work hard and save you money, then Contact us today

6 Pine Hill Rd, Grafton MA 01560

SOLD: $333,000

To see some other great listings like it call The Pro’s Real Estate Team at 508-232-7926.

See more Homes for Sale with 3+ Bedrooms in 01560

Related Article: First Time Home Buyer Seminars

See more Homes for Sale UNDER $250,000 in Worcester County

Elementary School: Grafton Elementary (Gr 2-6)

Elementary School: North St Elementary (Gr 2-6)

High School: Grafton High (Gr 9-12)

Middle School: Grafton Middle (Gr 7-8)

Related Article: How to buy a home – The Process

Is February the new April?

Is February the new April? Well, in the real estate market, the short answer is YES!!

The “Spring Market” which most people relate to the April time-frame has historically been the busiest season for buying and selling as most home sellers and home buyers come out of their winter hibernation ready to hit the streets and find their new home. What we are seeing now, though, is a shift in the market timing due to the severe shortage of homes in the housing market. We recently talked about the Absorption Rate and how that affects the real estate market.

Right now the housing inventory across the whole country is at records lows and with more buyers looking to jump into the real estate market now, the Spring market will likely see fewer homes for sale compared to years past. Sellers are anxious to take advantage of the limited housing market to sell their house because they know they are going to get top dollar, except they are nervous to do so because……where will they go? One of the biggest concerns for both sellers and buyers is that there are not a lot of homes to choose from.

Buyers are frustrated because their current leases may be coming up, maybe their landlords are selling their homes and they need to move, or possibly they are just moving to a new town and need to find a house. That’s all well and good except their isn’t anything available for them. Realtors used to show buyers 4 or 5 houses at a time several days a week and now they are lucky to see 1 or 2 a week. Of those houses they are seeing, its likely that many other buyers are looking at them as well and lots of buyers are writing offers driving the prices up and in some cases, out of their budget. Buyers are finding it necessary to “settle” on a house simply because they don’t have a choice.

Sellers alike, are frustrated because they know they can sell but after they get an offer on their home, they have to deal with the problem of now being a buyer themselves. In some cases, sellers would just prefer to stay where they are vs jumping into the buyer market.

Absorption Rate in Real Estate and what does it means for you?

In the real estate industry, the absorption rate is used to measure the demand of real estate.

The absorption rate basically helps us determine how long it takes for houses to sell in a specific area. This could be a city or town, a neighborhood or an area like our Wachusett Area. Real estate agents and Realtors use the absorption rate to find out how many months it takes for current homes that are for sale to sell. Whether you are a seller, buyer or an agent, its important to understand this as it provides some insight on how the real estate market is. The good thing about this is it doesn’t take a degree in math to understand how to come up with this figure. Lets see how its done.

How do we calculate the Absorption Rate

To calculate the absorption rate formula is pretty easy. In our industry, the rate is found by taking the number of sold homes in a specific area during a specific time-frame and dividing it by the total number of homes currently for sale. The result we get is called the absorption rate . What this figure tells us is the rate at which all of the current homes for sale are being sold.

Lets look at our very own town of Rutland for example; As of today, Rutland has 15 active single family homes for sale. Over the past 30 days, 6 homes have sold. The absorption rate for Rutland right now would be 6/15 = 40%

If we reverse this formula, it will actually show us the number of months it takes for the current supply of active listings to be sold. In our example above, it would be 15/6 which is about 2 1/2 months. This tells us that if no other houses came on the market, that based on supply and demand, that it would take only 2 1/2 months to sell all the current inventory. Now this may not seem like a big deal but when looking at the number of buyers looking for homes vs the actual number of homes available, we see that there is huge demand for houses right now

How does the Absorption Rate help us determine a seller’s or buyer’s market?

If you are considering buying or selling a home in a specific area, its always good to know what the absorption rate is in that area. A knowledgeable Realtor will be able to provide insight on the actual numbers. The absorption rate is going to let you know whether this area is good market to buy or a good market to sell. What’s the difference between these markets?

A Seller’s Market: This market tells us that it benefits the seller. The demand from buyers exceeds the current supply of active listings on the market. When we see this, usually it means that houses are being sold very quickly and most oftentimes for more money. A sellers market is also determined, generally, when the absorption rates are anything above 20 percent.
A Buyer’s Market: This market tells us that it benefits the buyer. This is when the current supply of active listings on the market exceeds the number of listings actually sold because the demand from buyers isn’t as high. When this occurs, we tend to see houses take longer to sell and oftentimes they sell for less than what the original asking price is. A buyers market is also determined, generally, when the absorption rates are anything below 15 percent.

As a Seller, what does this mean for you?

If you are considering selling your home and want to get the most money for it you’ll want to wait for a seller’s market. The absorption rate is one of the figures that is used to determine the current state of the real estate market in order to price the home appropriately. As shown above, when we reverse the calculation to find the number of months it would take for homes to sell in a market, a seller’s market will have a low monthly supply rate. Typically, anything ranging from 0 to 5 months indicates a seller’s market because this means all currently active listings will sell in a relatively short period of time.

Oftentimes, we find absorption rates above 20 percent and below 5 months of supply in the early spring market as this is when the demand of buyers are at its highest and the supply of homes can’t keep up but lately this has been the trend for months and seems to be still trending this way. This is a great reason that sellers should make sure to keep track of their local market’s absorption rate. Or better yet, they should hire an agent who will watch the market for them so that they can advise them in order to list their homes at the most strategic time. If the absorption rate isn’t favoring a seller’s market, you might want to wait until the real estate market heats up.

Right now, we are at an all time historic low with regards to current inventory. This is one of the first times we have ever seen the amount of homes in all of Massachusetts so low. Right now we have almost 25% less single family homes for sale than we did this time last year and almost 50% less than we did back in 2016. This is a clear indication of where the market is trending

As a Buyer, what does this mean for you?

If you are looking to buy in a certain area, this absorption rate is good to determine what the chances are for getting a good deal on a house. As we mentioned earlier, a buyer’s market generally has an absorption rate below 15 percent. When reversing the calculation to get the amount of time it takes to sell all currently active listings, as a buyer, you will want to look at anything over 6 months. This will mean that the houses are on the market for longer and buyers don’t need to be too concerned about a lot of competition as there is plenty of homes to look at. In a buyers market, you have the ability to shop a little longer, see more homes and not be rushed into making quick decisions vs trying to buy in a sellers market where you are likely to be in multiple offers and and need to get out to look at the house moments after its listed or you may miss out.

As we are right now, buyers will find themselves in a seller’s market where the absorption rate is well above 20 percent. Buyers should try to beat out other buyers by working with an agent who studies the real estate market, knows it very well and keeps track of all the listings as they become available so they can get you out first. A buyer should also get pre-approved for a mortgage and have an understanding of the process in order to be well prepared to jump quickly.

Can the Absorption Rate be used for other uses?

While real estate agents & Realtors use it for buyers and sellers for helping them make good real estate decisions, it also influences other things as well. Here are a few other ways the absorption rate affects the real estate market:

When sellers and agents are in a low absorption rate market, they may have to reduce the listing price to attract a buyer in order to sell the house. When in high absorption rate markets, sellers and agents may be able to increase the asking price without turning too many buyers away. Ultimately, some buyers will walk away, but there are more buyers that will likely pay the sellers price.
The absorption rates can also influence bank appraisals. Appraisers sent out to evaluate the home for a mortgage will use the absorption rate in that specific area as an additional reason to justify the property’s selling price.
The absorption rate can be a sign for new construction builders to start building new homes. During market conditions with a high absorption rate, the buyer demand may be high enough to influence the development of new homes because currently inventory is low and there isn’t many homes to choose from.

If you are considering buyer or selling this year and want to know more about your current market, feel free to contact us for free home and market evaluation

Wachusett Area Homes For Sale

The Pro’s Real Estate Team is excited to announce…….

We are excited to be in business with Lou as he will be an amazing addition to our team.

Lou is a Massachusetts native with years of Real Estate experience. After Graduating from Berklee College of Music Lou spent many years traveling and working in various customer service capacities. His core values are Authenticity, Integrity, Honesty and Growth. Those values shape all elements of Lou’s life and he uses them guide his clients through even the most difficult transactions.

If you are looking to buy, sell or invest in a home this year, feel free to reach out to Lou at:

Phone/Text: 617-212-9244

Email: LouTselios@kw.com

Or visit Lou at www.Lou.JustCallThePros.com

The Pro’s Real Estate Team is excited to announce…….

We are excited to be in business with Ashlyn as she will be an amazing addition to our team.

Growing up with a father in the construction business, and often helping him with many projects, she has always been drawn to any and all things regarding “homes”. After spending years in the Special Education field, Ashlyn decided to make the leap into Real Estate. Her experience in education has taught her to think outside the box and be a problem solver. Her experience within the construction business has allowed her to be able to envision what a house could be no matter its current condition. Ashlyn can always be counted on to be genuine, passionate, and focused throughout the house buying or selling process. Her natural curiosity helps her want to listen and learn about the people she meets which gives her greater insight to what their goals are. She loves being able to help others find their dream home by being a strong advocate for them. In her spare time, she loves to spend time with her family and friends whether it is at home or traveling across the world. She enjoys staying active by doing outdoor activities with her fur baby, Ace, and going to the Fitness Asylum

If you are looking to buy, sell or invest in a home this year, feel free to reach out to Ashlyn at: Phone/Text: 508-641-9233 / Email: ashlynderosier@kw.com

You can also visit Ashlyn at www.ashlyn.justcallthepros.com

New to market – 43 Windy Ridge Rd, Jefferson

Here is your opportunity to purchase a home in the number 1 town in MA. Jefferson was recently voted the number 1 place to buy home with Holden coming in at a close 2nd in an article written by LendEdu.com.

Full article and list of towns here: The Best 100 Places to Buy a Home in Massachusetts

Outside, you will notice the stately columns, extensive stone walls & walkways that lead up to this home. Plenty of parking off street with a large driveway that can easily fit 6 cars as well as the 1 car garage to keep your car nice and warm in the cold New England winters. Enjoy the beautiful gardens and perennials that surround this home.

With over 2600 square feet in this home, there is room for everyone. The main floor features a large living room with hardwood floors and a pellet stove that adds extra warmth in the cooler days. The living opens up to the formal dining room that’s perfect for your family gatherings. Additional eating space can be found in the kitchen that also boasts plenty of cabinets and counter space. Exterior access to the patio can be had through the kitchen that makes it great for those who love to BBQ.

Who are “The Pro’s”? – Meet the team

Search all Holden MA Homes For Sale

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Rutland Area Real Estate Market Review

How does this year compare to how the market was last year at this time?

—–> 2017 YTD vs. 2016 January 1st to October 25th <—–

So far 74 homes have closed this year which is 2 more homes that sold for the same time period last year! With almost 30 properties still pending and over two months left in the year, the Rutland area is showing signs of having a great year and that more and more people are moving to the town.

New construction homes seem to be picking up in town as the lack of inventory still hasn’t caught up to the buyers demand.

Overall the Rutland Market appears to be doing well.

Download the full report below to see all the current stats.

Rutland Real Estate Market 2016 vs 2017 – Jan to Oct 25th

Thinking about selling your home in Rutland? See what your home could be worth using our free quick home valuation.

FIND OUT WHAT YOUR RUTLAND HOME IS WORTH – QUICK, EASY & FREE

Looking to buy a home in Rutland? Check out whats currently available for sale

Hubbardston MA Area Market Review

—–> 2017 vs. 2016 – As of October 20, 2017 <—–

So far 40 homes have closed this year which is an increase of almost 18% over last year! The Hubbardston area is picking up and more people are moving to the town.

Although people are buying, those houses that have been on the market took about 5% longer to sell and sold on average for $4,500 less than the average sale last year.

Overall the Hubbarston Market is doing well.

Download the full report here to see all the current stats. —-> Hubbardston MA Area Market Report – 2016 vs 2017 YTD

Thinking about selling your home in Hubbarston? See what your home could be worth using our free quick home valuation.

Looking to buy a home in Hubbarston? Check out whats currently available for sale