Issue link: https://nebusinessmedia.uberflip.com/i/1501858
wbjournal.com | June 26, 2023 | Worcester Business Journal 19 To learn more, contact: Peter Staiti SVP, Commercial Lending Center Manager 100 Front Street, Worcester, MA | 508.769.5725 RocklandTrust.com/Worcester Member FDIC A Local Partner, Financing Businesses Across Worcester County Fitness Facility Real Estate Acquisition $4,150,000 Littleton, MA Recreational Facility Equipment & Working Capital $700,000 Worcester, MA Manufacturing Facility Equipment Purchase $250,000 Worcester, MA Restaurant Equipment & Working Capital $250,000 Whitinsville, MA Multi-Family Investment Real Estate Portfolio Refinance $1,800,000 Worcester, MA Residential Real Estate Construction 228 units $57,000,000 Worcester, MA Industrial Real Estate Construction 135,000 sq. ft. $13,545,000 Worcester, MA Retail Liquor Store Real Estate Refinance $350,000 Millbury, MA MIDYEAR ECONOMIC UPDATE F O C U S have a repayment penalty, so they can refinance when rates drop. Healey said it's a matter of people getting used to the market normalizing aer a period of record-low interest rates. People have gained confidence in the economy since the latest potential debt-ceiling crisis was averted. "People got spoiled [by low interest rates] during the pandemic," said Evans, who added potential homebuyers need to look at the bigger picture. "We bought a house at 13%." Single-family homes sales in North Worcester County, along Route 2 2019 2020 2021 2022 Athol sales 179 164 184 152 Median price $170,000 $206,750 $245,000 $289,450 Fitchburg sales 389 392 413 395 Median price $229,700 $254,000 $296,000 $325,000 Gardner sales 238 247 251 221 Median price $216,250 $242,500 $285,000 $315,000 Harvard sales 65 93 87 63 Median price $610,000 $665,000 $800,000 $910,000 Lancaster sales 91 103 95 75 Median price $399,900 $413,400 $501,000 $430,000 Leominster sales 406 392 423 365 Median price $283,000 $320,500 $375,000 $400,000 Lunenburg sales 185 166 172 148 Median price $315,000 $350,000 $399,900 $420,000 Philipston sales 30 24 34 31 Median price $220,950 $266,500 $316,000 $315,000 Templeton sales 124 115 130 109 Median price $240,000 $265,000 $319,500 $360,000 Source: The Warren Group "This is a late spring market, later than normal." She is seeing the beginnings of an uptick normally seen in April. Cheryl Eidinger-Taylor, (pictured) president and chief operating officer with ERA Key Realty Services in Whitinsville W PHOTO | CHRISTINE PETERSON