Berkshire Market Watch Report

There is good news to be found in the Berkshire County Real Estate 2018 1st Quarter Market Watch.  First quarter real estate sales were up 18% in the dollar volume of sales transacted, compared to the first quarter of last year. Realtor-assisted sales generated over $80 million dollars in the first quarter of 2018, compared to $68 million last year.   The number of total transactions sold fell by 5% countywide, with residential sales consistently down by 14% in each region. A strong condo and multifamily market reflects overall robust growth in sales.

1st Quarter 2015 2016 2017 2018
Residential $39,896,417 $55,714,339 $55,495,124 $55,911,216
Multi $2,357,700 $2,621,610 $2,689,294 $4,140,400
Lots/Land $1,854,275 $1,921,650 $1,541,300 $1,943,550
Condo $2,068,400 $2,368,500 $3,715,300 $12,400,050
Commercial $1,255,000 $2,719,250 $4,713,400 $6,057,500
Grand Total $47,431,792 $65,345,349 $68,154,418 $80,452,716

HISTORICAL BERKSHIRE COUNTY 1ST QUARTER SALES: # of ALL TRANSACTION

The dollar volume of sales in the 1st quarter of 2018 rose in
all regions, central Berkshire lagged in number of units sold.

Northern dollar volume, 5 up 7%, # sold 5 up 2%
Central dollar volume,
5 up 10% , # sold 6 down 11%
Southern dollar volume,
5 26%, # sold the same

Feel free to share the video, the report, and/or the regional graphics in social media or in any manner you wish:

Northern Berkshire
Summary Info-graphic
Central Berkshire
Summary Info-graphic
Southern Berkshire
Summary Info-graphic

2017 Year End Market Watch Report

Past Editions:2016 Year End Market Watch Report | 2015 Year End Market Watch2014 Year End Market Watch | 2013 Year in Review Report | 2012 Year in Review Report| 2011 Year in Review Report 



3rd Quarter Market Watch

Hot off the presses… the 3rd quarter market watch report is ready!!  Alas, the video will be coming shortly – so keep an eye out for a new post at the beginning of the week.  Click for the PDF MarketWatch full report, or below is a summary. For the first 9 months of 2018, residential

Property Tax Rates

As a reminder, staff gathers property tax rate info for all 32 cities and town of Berkshire County at the beginning of each year and posts the information on our website.  At any time, you can find the rates by searching ‘property tax’ in the top right hand corner of the homepage.  For your viewing

Hoedown for Hope | Moments House Fundraiser

The Hoedown for Hope, a fundraiser for Moments House, will be held on October 20th from 3:00-10:00 p.m. at the newly opened Proprietor’s Lodge (formerly the ITAM) – 22 Waubeek Road, Pittsfield.  There will be live music, performed by Whiskey City; line dancing, food, cash bar, games, raffles, contests, photo booth, magician and more. Adult

It’s a Wrap: 1st Annual Berkshire Housing Summit Comes to a Close

The inaugural Berkshire County Housing Summit was held at the Colonial Theater last Thursday, September 20th with over 150 REALTORS, city and town officials, housing non-profit executives, real estate professionals and members of the public in attendance.  2018 Board President, Cortney Dupont, opened the Summit by welcoming all in attendance and introducing Billy Keane, Government

Mortgage Rates Mostly Holding Steady

According to an article recently published by the National Association of REALTORS, mortgage rates are mostly holding steady.  They state that rates haven’t been this stable since the fall of 2016. Follow this LINK to read the full article published on NAR’s website.

The Voice for Real Estate: Flood Insurance

Flood insurance is extended. Lots of opportunities in commercial investment in smaller markets. Home sales slow as inventories remain a problem. More agents are in the business. Fewer international investors are buying U.S. homes. The upcoming iOi Summit promises competitive advantage.  Watch the video below for a quick explanation of each of these issues:

Voice for Real Estate: Competition, Banks, Ethics, Sales

NAR’s Voice for Real Estate Update:  Competition in residential real estate has never been greater, speakers at a federal panel on the issue said. The video covers that as well as the impact of the bank deregulation bill enacted into law last month and how stepped-up ethics enforcement will affect members. Also covered are home

1st Quarter Market Watch

There is good news to be found in the Berkshire County Real Estate 2018 1st Quarter Market Watch.  First quarter real estate sales were up 18% in the dollar volume of sales transacted, compared to the first quarter of last year. Realtor-assisted sales generated over $80 million dollars in the first quarter of 2018, compared

Berkshire Realtors’ Housing Summit, 2018!

Get Ready – We’ve got an AWESOME event in the works… we are still working on the details, but we want you to save the date now for SEPTEMBER 20th!  We are happy to share that have planned a major Berkshire Realtors’ 2018 Housing Summit at the Colonial Theater in Pittsfield to offer an opportunity for legislators, town leaders, housing practitioners and the general public to get the latest information on our market, exchange ideas to overcome challenges and build relationships to support a healthy housing market and ultimately a healthy Berkshire economy.

We are still in the planning stages for the detailed agenda but are hoping to secure an AMAZING keynote speaker for this event.  It’s important now, because we know that every successful region has dynamic and diverse neighborhoods with a mix of housing opportunities, legislation that supports a well-balanced housing market, and protection of private property rights for all.  And we need to work together with committed individuals at this crossroad.  Our Housing Summit will:

  • Update and inform the housing community about the current housing state of affairs;
  • Engage participants with different viewpoints in positive conversations;
  • Provide targeted information on barriers to housing production or housing in general;
  • Advise policy makers and housing providers about necessary local changes; and
  • Promote opportunities for action to help our Berkshire housing market.

Community Stakeholders to Be Invited:

  • Legislators on the local, state and national levels.
  • MA Secretary of Housing and Economic Development, MA Office of HUD
  • Town Managers, Councils, and Local Housing Authorities and Trusts
  • Regional Housing Authorities, Boards and Associations.
  • Massachusetts Association of REALTORS, MassHousing, MA Citizens’ Housing and Planning Association’s
  • Real Estate Professionals, Area Builders & Lenders and Interested Members of the General Public

If you have suggestions or input, please send Sandy@BerkshireRealtors.org a message and she will make sure the Government Affairs or Leadership working on the details see it!

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