Investing out in The Berkshires
I was wondering if anyone on here has experience investing out in The Berkshires? I have a ton of family out there and I'm starting to think it would not be a bad place to consider for future investing.
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@Steve DellaPelle Berkshire County is an interesting place.
- Very low market activity - there are currently only 78 SFRs on the market in the entire county.
- Mostly very low prices, but with a few very high price outliers.
The average sale price was $342K over the last 6 months. If you remove the three $3M+ outliers, that number drops to $218K with an average of 153 DOM, which is slower than eastern MA.
Berkshire County saw 70 SFR sales in the last 6 months. Compare that to Plymouth County with 3,587 and Middlesex County with 5,667.
There was one SFR in Pittsfield that needed to be finished (sounds like it was mostly gutted) 7/3/1.5 that sold for $18K.
Like I said - it's an interesting place - and I'm glad I'm not trying to make it as a full time real estate agent there!