Stone Ridge

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                    [post_content] => Stone Ridge townhomes in Franklin, MA had a good year in 2012.  The average sales price at Stone Ridge rose in 2012 amid a strong surge in home sales volume throughout the Bay State last year.

Average sales price up, sales volume slips

The average sales price of homes at this popular condo community in Franklin, MA in 2012 rose 1.1% to $216,150 (from $213,625 in 2011).



It was the first increase in the average sales price at Stone Ridge since 2008.  Average days on market declined to an encouraging 83 days (from 104 the year before).

While home sales volume in the overall MA market rocketed a staggering 22% in 2012, only 6 townhomes sold at Stone Ridge last year. This was a significant drop from 2011’s sales volume, but well above the sales nadir of only 3 unit transfers back in 2010.

Map of 2012 sales at Stone Ridge



The map above shows the location of the sales at Stone Ridge in 2012.

Full report on Stone Ridge 2012 sales



Follow the image above or the hotlink to download a full report on the 2012 Stone Ridge market activity.

The outlook for Stone Ridge in 2013

The Stone Ridge condominium community offers a superior location just off Exit 17 of I-495 near plentiful shopping, the local YMCA, a state forest with walking trails and the Forge Park commuter rail station.  Units have garages and basements, and the financial condition of the community is excellent.

MA real estate had a good year in 2012 and 2013 has started strong.  If the strengthening trend in Massachusetts real estate continues, the outlook for Stone Ridge is very positive!

If you have any questions about how your Stone Ridge unit stacks up in the local market in terms of price, features and amenities, I would be happy to assist you. I'll prepare an in-depth Home Market Analysis for the property.  Just give me a call at 508-613-2889 or email me.  No cost or obligation!

Copyright ©2013 02038.com
                    [post_title] => Prices rise at Stone Ridge in 2012
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                    [post_content] => A rise in the average sale price of units was the highlight of market activity at the Stone Ridge Condominiums in Franklin, MA during the first half of 2012.



Four units changed hands at Stone Ridge during the first 6 months of the year at an average sale price of $223, 725, an increase of 7.2% over Stone Ridge's average sale price during first half of 2011



2012’s first half sale prices at Stone Ridge were a notable improvement over prices achieved during the first half of 2011.  Days on market shortened significantly.  Fewer units changed hands, but there was a much firmer tone to market activity at Stone Ridge in 2012 compared to recent years.

Lowest sale at Stone Ridge

At $209,900, the lowest priced sale during the first 6 months of 2012 was unit 38.



This townhome at Stone Ridge in Franklin, MA found a buyer after only one day on the market.  The buyer paid asking price for this three 3 bedroom unit which has a master bedroom on the first floor and two other bedrooms on the second floor.  This unit also offers a finished basement.

Rest of Stone Ridge sales higher for fewer bedrooms

The other three sales at Stone Ridge during the first half of this year ranged from $227,000 to $230,000 for 2 bedroom units.

Click here or on the image below to download a report on all 4 sales at Stone Ridge during the first 6 months of 2012:



Given the higher-priced sales of units offering only 2 bedrooms, it's fair to say that Unit 38 was a great bargain asking only $209,900!

MA real estate market improving

The overall MA real estate market was much more active in the first half of 2012 than during the same period last year.  Sales were up over 20% with reduced inventories and bidding wars erupting over quality, properly priced offerings.  Read a full report on the first half 2012 real estate market in Massachusetts by clicking the hotlink.

Unit owners at Stone Ridge should be encouraged.  If the Massachusetts real estate market continues to strengthen for the rest of 2012, we may see a continued upswing in sales and prices at this popular Franklin condominium community.

What's your Stone Ridge unit really worth?

If you own a unit at Stone Ridge and are thinking of selling, now is the best time in years!  Buyers are plentiful and interest rates are at historic lows.

Click the hotlink to get a free, no obligation value analysis of your home from an expert at selling condos in Franklin!

Copyright ©2012 02038.com
                    [post_title] => Prices rise at Stone Ridge Condos in Franklin, MA during first half of 2012
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                    [post_content] => The phrase popularized by Mark Twain that there are three degrees of falsehood: ‘lies, damn lies and statistics’ applies with full force to the 2011 sales stats at the Stone Ridge Condominiums in Franklin, MA.  If taken simply at face value, the overall 2011 sales data can give you a misleading read on the market value of units at the Stone Ridge townhouse community.



The raw figures mask significant sales strength that becomes apparent if you look more closely at the numbers.  Here’s why 2011 turned out to be a pretty good year for these desirable  Franklin, Massachusetts condos . . .

2011 sales stats misleading

At first glance, the 2011 sales results at Stone Ridge are disappointing.



12 Stone Ridge condo units sold in 2011 at an average selling price of $213,625.

That’s a disheartening 9% decrease from 2010’s average price of $234,750.

Download full 2011 sales report



Please click on the image above or on the hotlink to download a report documenting all sales at Stone Ridge for 2011.

Distress sales distort 2011’s data

However, Stone Ridge unit owners should take heart:  5 of the 12 of the Stone Ridge units that changed hands in 2011 were distress sales (short sales, post-foreclosure sales and otherwise vacant units with what could be termed "don't wanter" owners).



These sales pulled down the overall average selling price at the Stone Ridge community for 2011.

Distress sales at Stone Ridge



The graphic above shows the 5 distress sales at the Stone Ridge Condominiums in Franklin MA during 2011.

The average selling price of these 5 units was a very low $189,900.  The discount selling prices of these 5 townhomes skewed the statistics at Stone Ridge for the year, giving the average selling price for all Stone Ridge units in 2011 a misleadingly negative slant.

Taking the distress sales out of the equation

Fortunately, the “regular” condo sale market was alive and well at Stone Ridge during the year just past.



There were  7 sales of owner-occupied units that were not under obvious duress.  These Stone Ridge townhomes sold at much higher prices than the distress sales and present a more valid measure of market prices at the Franklin, MA condo community.

Regular sales at Stone Ridge



These 7 sales had an average selling price of $230,571.  This is pretty much in line with 2010's average selling price $234,750.

So 2011 was a good year at Stone Ridge!

 Appraisers in 2012 will have good "comps"

What's most beneficial  for owners at Stone Ridge is the fact that bank appraisers will be able to use the 7 regular, high-priced sales as "comparables" in their appraisal work at Stone Ridge this year.



The higher priced "regular" townhouse sales will give appraisers leeway to omit the lower-priced distress sales as “comps” for Stone Ridge.  Purchase money mortgage loans will  get approved more easily at Stone Ridge due to the "good comps".

It will be a lot easier to sell your Stone Ridge unit in 2012 at a good price, thanks to these 7 "regular" sales!

The outlook for 2012



A number of insightful forecasts for 2012 have been issued by a variety of global financial services firms and housing institutions.

Click the image below or the hotlink to access a helpful summary of these forecasts as they pertain to the Massachusetts economy and real estate market.



What all those reports say is that 2012 will be a better year than 2011, especially in Massachusetts where the economy is expected to continue to outperform the US economy as a whole.

Local hiring should pick up, particularly during the second half of the year.  The experts say that real estate in MA should perform better in 2012 and beyond.

Thinking of selling in Stone Ridge?

The selling prices of the 7 "regular" sales at Stone Ridge in 2011 were spread in a range between $220,000 and $248,000.  To get your Stone Ridge unit near the top of that range takes some planning and preparation, and a lot of real estate marketing expertise.

To get top dollar for your Stone Ridge townhouse, you need a skilled listing agent like Warren Reynolds.

Warren has created a lot exclusive of content on Stone Ridge to help buyers decide to buy your unit.

Warren will help you position and price your unit properly so that it sells quickly and for top dollar.

Ask Warren for a free Home Value Report for your condo unit.  It’s your best first step to home-selling success!

Copyright ©2012 02038.com

 

 
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                    [post_content] => The first thing you’ll notice upon entering the Stone Ridge Condominiums in Franklin, MA is the expansive, park-like common areas with abundant full-grown trees and plantings.   All that open space and greenery make these condominiums feel like a resort community!



160 townhomes on rolling acres

At Stone Ridge, there are just over 160 townhomes nicely situated on the extensive grounds.   Below is a video highlighting how large and lush the grounds are at these townhomes in Franklin, Massachusetts:



Townhouse and ranch-style units

Most of the condo units at Stone Ridge are two level townhomes.  There are a number of townhomes with finished third floor loft space.  You will also find some ranch-style homes which are very popular with those seeking one level living.

Unit sizes range from roughly 1,200 sf to 1,700+sf (with additional living area in the many units that have finished basements).

2 full baths and one half bath are generally the norm with this townhouse community.  The ranch units often have 2 full baths.

Video of unit exteriors

When you watch the following video showing the exteriors of the condos at Stone Ridge you'll see that all of the units have garages.



Many units have attached one car garages while other units have detached one car garages.

Gas heat and central air

All of the homes at Stone Ridge have gas-fired hot air heat and central air conditioning.

Town sewer and town water service are pluses.

Copyright ©2011 02038.com
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                    [post_content] => The Stone Ridge condos in Franklin, MA enjoy a superior location that facilitates residents’ shopping, recreation and daily commute to work.



Near shopping

It’s a very short drive from the Stone Ridge townhomes to a surprisingly broad array of retail shops and service providers.



Walking trails and YMCA just up street

Homeowners at Stone Ridge are very fortunate to live almost within walking distance to some wonderful recreational resources.  The local YMCA as well as walking and biking trails in the Franklin State Forest are just up the street from the townhouse community.



Strategic location for commuters

Whether you drive or take the train to work, you’ll love living at Stone Ridge!  The condominiums are minutes away from Interstate 495 and Franklin's Forge Park commuter rail station.



In terms of getting to work, doing your shopping or getting some exercise, this ideal location provides many advantages to condo owners at the Stone Ridge Condominiums in Franklin, MA!

Copyright ©2011 02038.com
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                    [post_content] => Commuting to work is a bit easier if you live at the Stone Ridge condominiums in Franklin, MA.

As shown in the following video, the Massachusetts townhouse condo community has a wonderful location close to Interstate 495 and Franklin's  Forge Park commuter rail station with train service to Boston:



Short ride to Exit 17 of Rte 495

The drive from the Stone Ridge townhomes to Exit 17 on Interstate 495 takes only 1 and a half minutes.  That will shave valuable time off your daily commute!

Commuter rail station just up the street

If you take the train to Boston, you’re in luck!  It takes only 2 and a half minutes to drive from Stone Ridge to the Forge Park commuter rail station in Franklin, MA.

For commuters, you would find it hard to beat the location offered by the Stone Ridge townhomes!

Copyright ©2011 02038.com

Copyright ©2011 02038.com
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                    [post_content] => Food shopping and buying gas is about as easy as it gets for residents of the Stone Ridge Condos in Franklin, MA!  A Super Stop and Shop and BJ's Wholesale Club are both literally minutes from the townhouse condominium community in Franklin, Massachusetts.

Video shows easy access

The following video details just how easy it is for Stone Ridge residents to get to BJ's and the Stop and Shop in a major Franklin, MA shopping center:



Townhomes close to Franklin Village Shopping Center

It can take only minutes to drive to the Franklin Village Shopping Center from the Stone Ridge townhouse condo community.



Shopping and services at Franklin Village  include: Super Stop and Shop, Marshall’s, a liquor store, hair cutters, banks, Panera Bread, various eateries, clothing and shoe stores.

Discount groceries, gasoline

Drive a short way west on Route 140 from Stone Ridge and you’ll find BJ’s Wholesale Club.



The club offers members super discounts on a just about everything you’d expect to find at a large supermarket, including a wide variety of food, personal care, consumer electronics and car care items.  It even sells gasoline and tires!

More shopping opportunities

Stone Ridge residents don't have to travel far for other great shopping opportunities.

One exit north on I495 in Bellingham are:

Whole Foods at the Charles River Plaza;

Home Depot at the Crossroads Shopping Center; and 

Stallbrook Marketplace, home to Wal-Mart, Staples and Market Basket.

Copyright ©2011 02038.com
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                    [post_content] => The Stone Ridge Condominiums are close to two of the recreational gems of Franklin, MA!  As shown in the following video, it will take you a little over a minute to drive from the Stone Ridge townhomes to the Franklin State Forest and the Hockomock Area YMCA:



State Forest

The townhouse condo community is within walking distance to the Franklin State Forest.



There are extensive walking and biking trails in this sprawling 883 acre woodland preserve.  There also is a car parking area for the State Forest on Forge Hill Road in Franklin, Massachusetts.

YMCA in Franklin

At the end of Forge Hill Road in Franklin and just a one minute drive from Stone Ridge, Massachusetts is the Hockomock Area YMCA.  This facility is a real asset to the Franklin community.



The spacious, new complex has indoor and outdoor pools, an indoor running track, indoor basketball courts, and a large weight training and exercise room.  There are lots of programs for people of all ages.

Stone Ridge residents are very fortunate to live so close to these wonderful recreational resources!

Click the link to learn about other recreational resources in the Town of Franklin, MA.

Copyright ©2011 02038.com
                    [post_title] => Recreation resources near Stone Ridge condos
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                    [post_content] => The common areas at the Stone Ridge Condos in Franklin, MA include a pool and tennis courts.



Clubhouse and in ground pool

The in ground pool at the Stone Ridge townhouse community is large and very nice.



The clubhouse greatly enhances the pool.



Tennis courts

There are also tennis courts for use of Stone Ridge townhouse owners and their guests.



The pool and tennis courts, in conjunction with the proximity the Stone Ridge condominiums enjoy with Franklin recreational resources, should help residents keep active!

Copyright ©2011 02038.com
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            [post_content] => Stone Ridge townhomes in Franklin, MA had a good year in 2012.  The average sales price at Stone Ridge rose in 2012 amid a strong surge in home sales volume throughout the Bay State last year.

Average sales price up, sales volume slips

The average sales price of homes at this popular condo community in Franklin, MA in 2012 rose 1.1% to $216,150 (from $213,625 in 2011).



It was the first increase in the average sales price at Stone Ridge since 2008.  Average days on market declined to an encouraging 83 days (from 104 the year before).

While home sales volume in the overall MA market rocketed a staggering 22% in 2012, only 6 townhomes sold at Stone Ridge last year. This was a significant drop from 2011’s sales volume, but well above the sales nadir of only 3 unit transfers back in 2010.

Map of 2012 sales at Stone Ridge



The map above shows the location of the sales at Stone Ridge in 2012.

Full report on Stone Ridge 2012 sales



Follow the image above or the hotlink to download a full report on the 2012 Stone Ridge market activity.

The outlook for Stone Ridge in 2013

The Stone Ridge condominium community offers a superior location just off Exit 17 of I-495 near plentiful shopping, the local YMCA, a state forest with walking trails and the Forge Park commuter rail station.  Units have garages and basements, and the financial condition of the community is excellent.

MA real estate had a good year in 2012 and 2013 has started strong.  If the strengthening trend in Massachusetts real estate continues, the outlook for Stone Ridge is very positive!

If you have any questions about how your Stone Ridge unit stacks up in the local market in terms of price, features and amenities, I would be happy to assist you. I'll prepare an in-depth Home Market Analysis for the property.  Just give me a call at 508-613-2889 or email me.  No cost or obligation!

Copyright ©2013 02038.com
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