Characteristics of Home Buyers 1 34% First-time Home Buyers - PDF document

Characteristics of Home Buyers 1 • 34% First-time Home Buyers • Largest generational purchasing group • 77% were 35 or younger • 25% were age 36-50 • Typical buyer was 44 years old with median household income of $86,100 • 67% were married couples, 15% single female, 9% single men and 7% unmarried couples. • 67% of home buyers had children living at home. • 13% purchased a multi-generational home • take care of aging parents • cost savings • children over 18 moving back • 36-50 age group most racially diverse group of home buyers • 25% identified as Hispanic/Latino, black/African american, or Asian/Pacific Islander • Generationally why they purchased? • Under 35 & 36-50 - desire for home ownership • 51-60 - desire for home ownership • 61-70 - retirement • 70-90 - to be closer to family and friends 1 NAR Home Buyers and Sellers Generational Trends

Massachusetts Amesbury Salisbury Average Sold Price - Single Family Homes Merrimac Newburyport January - September 2016 West Newbury Haverhill Newbury Groveland Methuen Georgetown Rowley Lawrence Leyden Bernardston Heath Dracut Colrain Ipswich Boxford Royalston Ashby Dunstable North Andover Northfield Warwick Pepperell Rockport Winchendon Townsend Tyngsborough Ashburnham Charlemont Andover Gill Lowell Topsfield Essex Gloucester Hamilton Gloucester Greenfield Groton Orange Erving Tewksbury Shelburne Chelmsford Middleton Wenham Buckland Hawley Fitchburg Westford Lunenburg Athol Gardner Shirley North Reading Danvers Manchester Beverly Montague Wilmington Templeton Ayer Billerica Wendell Westminster Phillipston Littleton Lynnfield Carlisle Reading Peabody Plainfield Deerfield Leominster Ashfield Conway Salem Burlington Harvard Wakefield Marblehead Boxborough Bedford Woburn Lynn Hubbardston Acton Leverett Swampscott Cummington Stoneham Sunderland Lancaster Saugus Shutesbury Princeton Concord Melrose Winchester Petersham Goshen Lexington Whately Sterling Bolton Nahant New Salem Stow Lincoln Malden Maynard Medford Barre Revere Arlington Williamsburg Clinton Everett Worthington Chelsea Chesterfield Belmont Somerville Hatfield Hudson Sudbury Waltham Pelham Rutland Berlin Cambridge Winthrop Amherst Watertown Boston Hadley Wayland Hardwick Holden West Boylston Weston Oakham Boylston Marlborough Northampton Newton Brookline New Braintree Northborough Westhampton Paxton Boston Framingham Chester Wellesley Southborough Huntington Ware Natick Shrewsbury Needham Hull Belchertown Worcester North Brookfield Granby Westborough Easthampton South Hadley Ashland Quincy Spencer Dedham West Brookfield Dover Leicester Milton Southampton Cohasset Holyoke Sherborn Hopkinton Westwood Hingham East Brookfield Scituate Montgomery Grafton Warren Braintree Holliston Blandford Ludlow Palmer Brookfield Auburn Millbury Weymouth Medfield Norwood Canton Russell Chicopee Upton Randolph Millis Medway Milford Norwell Westfield Walpole Holbrook Wilbraham Brimfield Sutton Charlton Oxford Northbridge West Springfield Hopedale Avon Rockland Hanover Abington Springfield Stoughton Norfolk Sharon Marshfield Sturbridge Mendon Monson Granville Franklin Brockton Hampden Whitman Agawam Bellingham Southbridge Pembroke East Longmeadow Wales Holland Uxbridge Dudley Webster Foxboro Southwick Hanson Douglas Wrentham Duxbury Blackstone Longmeadow Easton East Bridgewater Millville West Bridgewater Mansfield Plainville Halifax Kingston Bridgewater Plympton Average Sold Price North Attleboro CBRB Office Locations Norton Attleboro Raynham Taunton $32,000 - $150,000 Middleboro Carver Plymouth $150,000 - $200,000 Rehoboth Lakeville Seekonk $200,000 - $250,000 Dighton Berkley $250,000 - $300,000 Bourne $300,000 - $350,000 Freetown Swansea Wareham Rochester Somerset $350,000 - $400,000 Marion Acushnet Bourne $400,000 - $500,000 Fall River New Bedford Mattapoisett $500,000 - $600,000 Fairhaven $600,000 - $700,000 Dartmouth Westport Falmouth $700,000 - $800,000 $800,000 - $900,000 $900,000 - $1,000,000 $1,000,000 - $2,700,000 Data Source: MLSPIN; Map prepared by Coldwell Banker Residential Brokerage. Data may not reflect all real estate activity in a town. No Data

PROPERTY TYPE UNITS Single Family 60 Current Inventory Active on Market Condo 1 Multi-Family 17 Mobile Home 4 Land 67 Pie Chart Single Family Condo Column Chart Multi-Family Mobile Home 70 Land 67 60 53 40% 45% 35 1% 3% 11% 18 17 1 4 0 Single Family Condo Multi-Family Mobile Home Land � 1

PROPERTY CHARACTERISTIC UNITS RE-Sale 56 Inventory Make-Up New Construction 7 REO 19 RE-Sale New Construction REO 23% 60 56 9% 45 68% 30 19 15 7 0 RE-Sale New Construction REO � 1

11/20/2016 Average Sold Price Trend By Year Single-Family Properties sold during the last 5 years within Ware, MA Massachusetts $449,154 Belchertown $273,899 Palmer $178,519 Sturbridge $293,598 Published by Coldwell Banker Residential Brokerage Published by Coldwell Banker Residential Brokerage Page 1 of Page 1 of 1 This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.

Printed 11/20/16 Properties Sold YTD - Five Year Comparison Single-Family Properties within Massachusetts, CT 17 Additonal Currently Pending Massachusetts 46897 Belchertown 165 Palmer 119 Sturbridge 136 Published by Coldwell Banker Residential Brokerage This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.

Average Days on Market (DOM) Massachusetts 86 Belchertown 122 Palmer 120 Sturbridge 112

Printed on: 11/20/16 Absorption Rate (By 50K Price Bands) Single-Family Properties sold during the last 12 months within Ware, MA Sold In Prior 12 Current Active Months of Available Closed Sales as % Price Bands Months Inventory of Total $0K - $49K 7 2 3.43 8.05 % $50K - $99K 11 11 12.00 12.64 % $100K - $149K 13 12 11.08 14.94 % $150K - $199K 28 8 3.43 32.18 % $200K - $249K 15 11 8.80 17.24 % $250K - $299K 11 7 7.64 12.64 % $300K - $349K 2 8 48.00 2.30 % $350K - $399K 0 1 0.00 0.00 % $400K - $449K 0 2 0.00 0.00 % $450K - $499K 0 0 0.00 0.00 % $500K - $549K 0 1 0.00 0.00 % $550K - $599K 0 0 0.00 0.00 % $600K - $649K 0 0 0.00 0.00 % $650K - $699K 0 0 0.00 0.00 % $700K - $749K 0 0 0.00 0.00 % All Price Bands 87 63 8.69 100.00 % Massachusetts 3.06 Belchertown 5.17 Palmer 3.02 Sturbridge 2.59 Published by Coldwell Banker Residential Brokerage Page 1 of 1 This representation is based in whole or in part on data supplied by our MLS partners. These entities neither guarantee nor are responsible for data accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.

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