Savoy Home Prices Range Widely as Bank-Related Sales Dominate October Deeds

SAVOY -- Ten property transfers were recorded in Savoy between Sept. 25 and Oct. 24, but only three carried a sale price in registry records so far, limiting what can be said about the month's overall market value.

MARKET OVERVIEW

Ten sales were recorded during the period. Of those, three had a sale price available at the time of this report: $50,000, $100,000 and $339,200. Based on those three figures, the price range runs from $50,000 to $339,200, with a median of $100,000. The remaining seven transfers show "price not yet available," which is typical for deed records and does not indicate withheld information. Measured by raw transaction count, 10 recorded transfers is a notable volume for a single month in a small town, though the scarcity of recorded prices makes it difficult to characterize the month's price trend.

TOP SALES

380 Main Rd sold for $339,200 on Sept. 28. Sellers Alana M. Boyd and Jeffrey M. Boyd transferred the property to Rocket Mortgage LLC and Mortgage Electronic Registration Systems Inc.

4 Griffin Hill Rd sold for $100,000 on Oct. 2. Seller Adam R. McCusker transferred the property to buyer Richard OLoughlin.

14 Griffin Hill Rd sold for $50,000 on Sept. 25. Seller Adam McCusker transferred the property to buyers Mitchell J. Bresett and Susan J. Bresett.

No other recorded sales in this period carried a listed price.

NEIGHBORHOOD BREAKDOWN

Griffin Hill Road saw two transfers, both involving a seller named McCusker: 4 Griffin Hill Rd ($100,000) and 14 Griffin Hill Rd ($50,000). Loop Road also saw two transfers: 548 Loop Rd and 262 Loop Rd, both with price not yet available. Main Road recorded two transfers as well: 380 Main Rd ($339,200) and 1301 Main Rd (price not yet available). The remaining transfers were single sales on Bog Pond Road, New State Road and Center Road, plus one transfer listed without a street address.

MARKET NOTES

Six of the 10 recorded transfers listed a bank, credit union or mortgage servicer as the seller: Greylock Federal Credit Union appeared as seller three times (532 New State Rd, 262 Loop Rd, 103 Center Rd), Mortgage Electronic Registration Systems Inc. paired with a mortgage company appeared as seller twice (51 Bog Pond Rd, 548 Loop Rd), and Adams Community Bank appeared once (1301 Main Rd). A seventh transfer, 380 Main Rd, listed Rocket Mortgage LLC and Mortgage Electronic Registration Systems Inc. as the buyer rather than the seller. Taken together, seven of the 10 recorded deeds involved a bank or mortgage-related entity on one side of the transaction. No square-footage, bedroom or bathroom data was available in the deed records, so no price-per-square-foot or property-size comparisons can be made this period.

Recorded Deeds

Source: Registry of Deeds. Sale amounts shown as recorded; transfers without a disclosed consideration are noted as such.

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.