Athol Real Estate: Finding Your Home in Athol, Massachusetts is a project of Four Columns Realty.
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Originally posted on the Four Columns Realty Blog
L.S. Starrett Company, Athol's biggest employer, "will reduce its work week for most of the 600 workers at its Athol factory and offices," according to today's Greenfield Recorder.
Ouch! While Starrett deserves credit for keeping everyone on board (although with less hours) instead of socking some of its workers with layoffs, the cutbacks are going to hurt.
The ups and downs of Starrett have been intertwined with the prosperity of Athol for more than a century. Starrett's web site says "it is not uncommon to see devoted generations of toolmakers with 30 or more years of experience" employed in its Athol MA facility. Those of us who have lived here a while know this is true.
Will the big stimulus bill coming out of Washington produce a rebound for companies like Starrett and towns like Athol? Probably not as much as all of us would like. The bill is bloated with wasteful spending, like 200 million dollars for grass replacement on the National Mall.
For so much money, we deserve better.
Paul Riendeau of Four Columns Realty in Orange ranked #1 in 2008 for real estate sales in the nine-town North Quabbin Region, topping a list of local agents released last week. Among active real estate agents, Riendeau sold the most North Quabbin Region property and was involved in the most North Quabbin Region transactions during 2008, based on information provided to and compiled by the MLS Property Information Network, Inc., covering the period from January 1, 2008 through December 31, 2008 for the Massachusetts towns of Orange, Athol, Petersham, Phillipston, Royalston, Warwick, Wendell, New Salem and Erving. Read the full announcement....
Athol law enforcement is up to date. Last week, Athol MA Police Officer Todd Neale and Athol MA Deputy Fire Chief Tom Lozier used satellite technology to track down an allegedly abducted Athol girl.
Using GPS coordinates obtained through the girl's cell phone, they traced the girl to a highway intersection in Virginia. From Athol, Massachusetts, they used Google Street View to scan around the intersection and identify the motel where the girl was being secluded. The Athol police then contacted Virginia police, who went to the motel and found the girl.
Good work, guys!
Remember 2005? The real estate boom was fated to go on forever. But fate had other plans.
Four Columns Realty offers 10 ways to understand what's hot and what's not in today's real estate market:
1. Trophy McMansions are so 2005. Letting the Jones keep up with themselves is 2009.
2. Buying a home to flip is so 2005. Buying a home to live in for years is 2009.
3. Overpaying for a ritzy address is so 2005. Finding bargain tech-friendly communities withimproving schools is 2009.
4. Excessive extras are so 2005. Simple comforts are 2009.
5. "No cash, no credit, no problem" is so 2005. Choosing a home you can afford is 2009.
Read all 10 ways at Orange MA Real Estate....
The High Tech Council ranks all 351 Massachusetts towns "to measure the support of state and local officials for the priorities of the technology economy." While Athol slipped a bit, from #8 last year, Athol stayed in the top 5% of all Massachusetts towns. Orange ranks #32, placing it in this year's top 10%. (There's a typo in the date on the main rankings page. These rankings were updated in November, 2008, not 2007). Our friends in Somerville (#73) are astonished. Noting that Cambridge ranks #213, they ask, "How is the home of MIT behind Athol?" A long time ago, I lived in Somerville. My home was in the Winter Hill section, a gritty neighborhood where they understood towns like Athol. For the benefit of those who have forgotten that there's intelligent life beyond Route 495, let me help you: Hey Somerville - Athol is just 86 minutes away. Come on out.
The Town of Athol ranks #16 in the state in its support for technology development and growth, according the Massachusetts High Technology Council's latest MassTrack municipal rankings.
(Cross-posted from Orange MA Real Estate)
As we approach the end of October, there are 340 single-family homes on the market in the North Quabbin Region, which includes Athol, Erving, New Salem, Orange, Petersham, Phillipston, Royalston, Warwick and Wendell.
These 340 homes have been on the market for an average of 223 days.
The 340 homes for sale in Athol, Orange and the surrounding towns are close to a 21st century high for this date.
The average of 223 days on the market is a clear 21st century high in our region on this date.
That's the supply side. What about demand?
From January 1, 2008 through October 22, 2008, 173 single-family homes in the North Quabbin Region were sold through the MLS. (This number does not include private real estate sales, such as family transactions or for-sale-by owner homes.)
These 173 homes sold in Athol, Orange and the surrounding towns took an average of 191 days to sell.
On average, these 173 homes took twice as long to sell as the 439 homes sold in Athol, Orange and the same surrounding towns in 2004.
If the current rate of sales continues, 2008 will see less homes sold in the North Quabbin Region than in any other year of the 21st century.
Also, if the current rate of sales continues, buyers would take over a year and a half to go through the current inventory of Athol-Orange area homes for sale... even if not a single new listing were to come on the market.
That's slow demand. And with the economy faltering and lenders tightening up, demand is likely to stay slow.
A high supply of homes for sale + a slow demand for homes = a buyer's market. That's how the law of supply and demand applies to real estate.
We are not alone. The buyer's market in Athol MA real estate and Orange MA real estate resembles the real estate buyer's market across most of the USA.
Today, in Athol, in Orange and everywhere, it's important for home buyers and home sellers to be realistic. With unsold homes in high supply and demand reduced by economic stress, the buyer's market is likely to stay with us for a long while.
Note: Four Columns Realty calculated the North Quabbin Region statistics in this post based on information supplied to and compiled by the MLS Property Information Network, Inc., for the periods of time indicated.
Have you ever thought, "I wish I could own two houses side by side?" Your real estate opportunity just knocked. These two homes, located at 267 - 279 South Main Street, Athol MA (map), are available for combined price of $189,900, a price you might have seen for just one home a few years ago.
Don't need two houses? Each is available separately. The home at 279 Main Street in Athol has three bedrooms and two baths. The home at 267 Main Street in Athol has four bedrooms, one bath and a 3 car garage. Each home is priced under $100,000, substantially below assessed value.
But why stop at one?
The drive from Athol to Royalston is spectacular this weekend. This real estate, a quintessential New England antique on 44 acres of land at 171 North Fitzwilliam Road, Royalston, Massachusetts (map), is worth the trip. Come to the Open House on Sunday, October 12th, Noon - 3 PM, to experience the North Quabbin Region at its best.
