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The Reporter November 2020
Holiday Spirits to Sip On Toast the season with festive twists on favorite drinks
Shocking Data for Median Sale Prices of Single-Family Homes Written by Albert Hajdaraj & Serena Gendron-Hajdaraj Data sourced from the Massachusetts and Rhode Island Multiple Listing Systems. 2020 has been a year of unpleasant revelations to say the least, and the Real Estate market has shifted accordingly. This year we’ve seen a historic degree of depleted inventory (the lowest the National Association of Realtors has ever recorded) accompanied by record low interest rates. As a result, the market has buyers in hot competition to get bids in on the homes that are for sale. As full-time realtors in this unbalanced market, we’ve become accustomed to seeing homes sell for 30 to even $60,000 dollars over asking, all while being on the market for only two or three days. Each year the market usually cools down during the Fall going into the Holiday season but, like the rest of this year, this time is going to be anything but usual. We anticipate that competition will remain fierce for buyers, and that sales prices will continue to rise. Below you’ll find data regarding the growth of median sale prices in September 2019 to 2020 in some of the towns near you that our team covers. For reference, we averaged out the median sale price percentage changes of the towns listed below and found that together they averaged a price increase of 8.51% from 2018 to 2019, but from 2019 to 2020 the average increase was 16.65%. That’s quite a jump in numbers. Here’s the recent data:
Bristol County, Massachusetts
Seekonk, MA: September 2019, $328,700 > September 2020, $360,000 = 9% increase in price Rehoboth, MA: September 2019, $430,000 > September 2020, $$527,000 = 22% increase in price. Dighton, MA: September 2019, $390,000 > September 2020, $411,000 = 5% increase in price Swansea, MA: September 2019, $362,450 > September 2020, $405,000 =11.7% increase in price
Providence and Bristol Counties, Rhode Island
East Providence, RI: September 2019, $259,950 > September 2020, $305,000 =34.6% increase in price Providence, RI: September 2019, $200,000 > September 2020, $245,000 =22.5% increase in price Pawtucket, RI: September 2019, $223,500 > September 2020, $250,000 =11.8% increase in price By looking at these numbers, we can confidently say that market appreciation is abnormally strong and that the Fall and Winter real estate markets are going to continue to be on fire. Even with this data available, a lot of homeowners will choose to wait until the Spring to list their homes with hopes of making more money. It is because of this that if you decide to list your home now, you’ll have the least competition and high interest in your property to potentially cash in big. Call us today to find out what your property is worth in this market and to learn how you can best take advantage of it; and check out our website to see more data on a longer list of towns in your immediate area.
508-851-5888 • www.thehajdarajgroup.com
Photo courtesy of Getty Images (Family Features) Despite a holiday season that’s practically guaranteed to feel different than any other, one constant will remain for many: enjoying the tastes of favorite foods and beverages while cozied up at home. Enhance the holiday spirit and complement the meal at your table with adult beverages that call for seasonal flavors to add to the festive vibe. Whether you prefer your drinks with a fruity twist and plenty of mix-ins or would rather opt for a simpler combination, the options are vast. Many traditional holiday drinks require a small handful of ingredients that blend, mix or shake together to create a wintry flavor that’s worth the wait. Regardless of personal preferences, one ingredient you can rely on when creating an at-home concoction is a mixer like those from Zevia, which are naturally sweetened with stevia and include no artificial ingredients, colors or preservatives. These nonalcoholic, zero-sugar, zero-calorie mixers for cocktails (or mocktails) are available in three different flavors: Lemon Lime with Bitters, Tonic and Ginger Beer to provide a simple yet delicious complement to the ingredients of your choosing. For a fruit-flavored solution, this Cranberry Smash Moscow Mule offers a sweet spin on the classic cocktail. Break out your favorite copper mug and let the cranberries and cinnamon sticks add festive flair to your fusion of vodka and ginger beer. Alternately, if the sour notes of a margarita better fit your style, go for a holiday twist with this Winter White Margarita by blending in coconut milk and garnishing with cranberries and rosemary sprigs. By rimming your glasses with granulated stevia, you can add a sweet touch to each gulp. To find more holiday cocktail ideas, visit Zevia.com/recipes/cocktails.
