Real Estate Market Insights 1/3/10
February 2, 2010 by admin
Filed under Member News
Real Estate Market Insights
Coldwell Banker Residential Brokerage
Many people are wondering what will happen in the residential real estate market in the coming months. Though no one has that exact answer, in light of the many conflicting reports and opinions circulating, I wanted to provide you with the most current factual information and a look at how the market works.
The enclosed Market Activity by Month graph reveal trends over the past 12 months. You will see in most areas that the each month more homes came on the market than were sold. When this happens, the supply of homes exceeds the demand and there is a downward pressure on home sale prices.
The opposite trend occurred in 2000 through 2005. Homes sold faster than they were listed and the demand for a limited supply of homes drove sale prices upward. Buyers made higher offers in hopes of securing the home they wanted. In 2006, home inventory began to increase, and as more properties came on the market than were sold, home prices began to depreciate. This trend continued as the mortgage and banking industry took a hard hit in 2007 and we entered an economic recession in 2008.
The four bars on the graph give insights into the local market trends by month. The first column represents new listings on the market, the second column shows homes under contract, and the third column shows the total inventory of homes. The fourth column is the overpriced listings that expired and came off the market without a sale. When more properties come on market than properties being sold, inventory rises resulting in a depreciating market.
Please let me know if you would like to receive a graph detailing the latest real estate trends in your community.
Ginny’s Helping Hand
February 2, 2010 by admin
Filed under Member News
Ginny’s Helping Hand
Ginny is collecting items to be sent to the victims of the earthquake
in Haiti. Due to space limitations we are asking that you drop off
specific items during the times indicated below. Bring these items to
Ginny’s Helping Hands at 52 Mechanic St, Leominster, MA.
From 2.1.10- 2.13.10 Collecting kids clothing up to age 12 (baby
clothes, t-shirts and shorts- summer clothing.)
From 2.14.10-2.27.10 Collecting ladies clothing (Summer- blouses,
casual dresses and skirts)
From 2.28.10-3.3.10 collecting men’s clothing and shorts; Sheets
(flat only) and towels.
If you have any questions, please contact Ginny’s Helping Hands at
978-537-1387.
Fletcher’s Hardwood Floors
February 2, 2010 by admin
Filed under Contractor
Company Name: Fletcher’s Hardwood Floors
Street Address:
37 Richardson Street
Leominster, MA 01453
Company Website: http://www.facebook.com/pages/Leominster-MA/Fletchers-Hardwood-Floors/307119960037?ref=ts
Company Phone: 978.537.0900
Primary Contact: John Joffrion,Independent Business Owner
Company Email: fletchershardwoodfloors@hotmail.com
Hours of operation:
Call to make an appointment. Home Based business.
About:
Expert Floor Refinishing and Installation. Free Estimates. Fully Insured. Now offering light carpentry and painting.
Call for a free estimate, referral, and to find out more about services that I can provide for your home.
Castonguay & Associates
February 1, 2010 by admin
Filed under Professional Service
Company Name: Castonguay & Associates
Street Address:
90 Washington Street
Leominster, MA 01453
Company Website: www.CastonguayAdvisor.com
Company Phone: 978-534-5830
Company Fax: 978-534-4274
Primary Contact: Kerry Castonguay, LPL Financial Advisor
Company Email: kerry@CastonguayAdvisor.com
Hours of operation:
By Appointment
About:
With over 25 years of business experience, Kerry Castonguay leverages his knowledge and experience to provide outstanding service to his clients. Mr. Castonguay holds FINRA Series 7, 66 and 24 registrations through LPL Financial and holds the Accredited Wealth Management Advisor and Chartered Retirement Planning Counselor designations from the College for Financial Planning. Mr. Castonguay also holds the Certified Divorce Financial AnalystTM designation from the Institute for Divorce Financial Analysts. Securities offered through LPL Financial, member FINRA/SIPC, a Registered Investment Advisor.
Tranquility Glass
Company Name: Tranquility Glass (formerly Infinity Glass)
Street Address:
57 Elm St
Leominster, MA 01453
Company Website: www.tranquilityglass.com
Company Phone: 978-840-9513
Primary Contact: Brian Gingras – Melissa Bernier,Co-owner
Company Email: info@tranquilityglass.com
Hours of operation:
We are a wholesale business, not open to the general public for purchases. We distribute through other Leominster retailers including the art of Beads and the Leominster Art Center.
(click images for larger view)
About:
We are a small hand blown art glass business specializing in unique designs. Our primary focus is on glass water fountains for indoor use. We are currently represented by nearly 200 galleries and gift shops covering all 50 states and several US territories. While the tough economy caused lots of studios like ours to cease operations, we remained strong and grew through our unique designs and good customer service.
Dragon’s Leyr
Company Name: Dragon’s Leyr
Street Address:
285 Central Street
Leominster, MA 01453
Company Website: www.dragonsleyr.com
Company Phone: 978-466-5102
Primary Contact: Melissa Bernier,Owner
Company Email: dragonsleyr@verizon.net
Hours of operation:
Sunday 12-8
Monday 12-8
Tuesday 12-8
Wednesday 12-8
Thursday 12-8
Friday 12-8
Saturday 12-8
About:
Opened in 1999 the store has grown to offer a wide range of unique gifts & hand made products by local artists as well as tobacco products.
