Marion/Mattapoisett (Boston: real estate, home, buyers)

[Whitey1]

Anyone familiar with these 2 markets? We got priced out a few years ago, but with the real estate correction and a couple of big job promotions we might be back in the hunt. I'm a little afraid of catching the proverbial "falling knife".

This will be our last move for at least 15 years, so I'm not worried about some declines, as long as they are not catastrophic. I'm in the financial services industry, so I understand the folly of trying to hit it right at the bottom. I just wanted to get a guage for the general direction and more importantly sentiment in the area.

[professorsenator]

Originally Posted by Whitey1

Anyone familiar with these 2 markets? We got priced out a few years ago, but with the real estate correction and a couple of big job promotions we might be back in the hunt. I'm a little afraid of catching the proverbial "falling knife".

My view is that most sellers have been very slow to face reality and lower prices (economists call this "sticky pricing"). I think the market has a long way to go to catch up with reality and buyers now face significant downside risk. That said, you might always find a deal in the case of a sudden death or nasty divorce (the buyer's best friends). But I personally think prices need to come down significantly -- say, 20%. There are simply too many sellers chasing too fewer buyers

[Bombar]

Mattapoisett and Marion are fairly exclusive, as you probably know. If you're considering this area, I'd probably strike now.

[seldomseen]

I own a home in Marion...and I'm also very familiar with Mattapoisett as well. Both towns are very nice if thier offerings are what you look for in a town. The worse aspect of living in this area of the state is the lack of quality jobs for professionals. Most people either work independently or commute to Providence or Boston--and with gas prices they way they are commuting into either city is a pricey task.