Significant price corrections across the region have been going on for a number of years, creating a very good buyer's market in Lancaster. There are 53 homes on the market at an average price of $344,317and the days on market is 283. Among the active are (2) million dollar homes.
There were 31 homes sold within the last 6 months at an average sale price of $305,542 with the average sale per square foot being $169.00. The average days on the market were 147. The inventory of homes in Lancaster today will provide a 10.6 month supply; a normal market is between 6 and 7 months. Buyers have an excellent opportunity to find a good home at a reasonable price, while interest rates continue to be very reasonable.
ZIP Code: 01523 Approximate Location Boundaries: Lancaster is bound by Bolton and Berlin on the East, Clinton on the South, Sterling on the West, Leominster and Harvard on the North.
Location Characteristics: Lancaster is a quiet college community with a population of about 7,000 people. The Bullfinch Church is a well-known building in this very old (over 350 years) town.
Many gracious antiques line the main street, and there are a number of areas of new construction in the town. Atlantic Union College provides many cultural events and the library is open to Lancaster residents.
This is a wonderful small town with great access to major highways for easy commuting.
About Judy Reynolds & the Evergreen Realty Team:
I have been a professional real estate consultant for 29 years as a small town independent Realtor. The use of cutting-edge technology and professional experience make my Team the very best in the area. The Evergreen Realty Team is dedicated to providing exceptional service to our clients and customers. Our web site was first designed in 1994 (the first in Central Massachusetts) and www.EvergreenRealty.com offers the best information and tools to assist you with all your real estate needs. As Quality Service Certified professionals, we look forward to assisting you.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
