{"id":675,"date":"2012-12-12T11:54:54","date_gmt":"2012-12-12T16:54:54","guid":{"rendered":"http:\/\/new.jpfco.com\/dir\/?p=675"},"modified":"2013-07-23T12:42:49","modified_gmt":"2013-07-23T12:42:49","slug":"what-does-it-mean-that-hingham-savings-is-buying-35-main-street","status":"publish","type":"post","link":"https:\/\/www.jpfco.com\/dir\/what-does-it-mean-that-hingham-savings-is-buying-35-main-street\/","title":{"rendered":"Hingham Savings Under Contract to Buy 35 Main Street!"},"content":{"rendered":"<p>Talk about a bullish sign for the market.  Not sure what Hingham Savings is paying, but I imagine it is north of $3.5M and then they&#8217;ll have to spend at least $500K on the build-out, so they are willing to spend $4M+ to become the <strong>fourth<\/strong> bank on Nantucket.  <\/p>\n<div class=\"\"><a href=\"https:\/\/www.jpfco.com\/dir\/wp-content\/uploads\/2012\/12\/IMG_02251.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.jpfco.com\/dir\/wp-content\/uploads\/2012\/12\/IMG_02251-300x264.jpg\" alt=\"\" title=\"IMG_0225\" width=\"300\" height=\"264\" class=\"aligncenter size-medium wp-image-682\" srcset=\"https:\/\/www.jpfco.com\/dir\/wp-content\/uploads\/2012\/12\/IMG_02251-300x264.jpg 300w, https:\/\/www.jpfco.com\/dir\/wp-content\/uploads\/2012\/12\/IMG_02251-624x550.jpg 624w, https:\/\/www.jpfco.com\/dir\/wp-content\/uploads\/2012\/12\/IMG_02251.jpg 640w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/div>\n<p>They are a conservative bank, so they must have very high expectations for the market to spend that type of money.  Can&#8217;t blame them considering what the market is doing.  October volume was $105M, November was $95M and YTD volume is $715M!  With many deals getting pushed through before year-end because of the inevitable rise in the capital gains tax, total volume for 2012 should be at least $750M, compared to $530M in 2011.  That is a 40%+ increase in dollar volume.  That massive increase is not just because of the monster eight-figure sales this year, but also from a large increase in transaction volume.  There were approximately 347 transactions in 2011.  There have been 451 transactions YTD.  2012 should end with 475+ total transactions, which is a 37% increase over 2011.  Hang on because there are no signs this market is slowing down, except, of course, if we run out of inventory&#8230;        <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talk about a bullish sign for the market. Not sure what Hingham Savings is paying, but I imagine it is north of $3.5M and then&hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-675","post","type-post","status-publish","format-standard","hentry","category-real-estate-news"],"_links":{"self":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/comments?post=675"}],"version-history":[{"count":0,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/posts\/675\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/media?parent=675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/categories?post=675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jpfco.com\/dir\/wp-json\/wp\/v2\/tags?post=675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}