Real estate averages and the Red Sox
I gave a presentation recently explaining why I do not use average prices in real estate.
In the ALCS Championship series against the Astros the Red Sox scored a total of 28 runs or an average of 5.6 per game. But averages don’t work in baseball either and the results were:
But if we could average those 28 runs over 6 games it would be 5.6 per game. So let’s give the Sox 4 games with 6 runs and 2 with 4. Then we could have produced these results: (more…)
Naples Q3 2021 Market Reports
Here are links to my Fall Market reports:
North Naples Fall Market Report
South Naples Fall Market Report
East Naples Fall Market Reports
Central Naples Fall Market Report
Naples Beach Fall Market Report
Audubon Fall Market Report
Sterling Oaks Fall Market Report
Bay Forest Fall Market Report
Pelican Bay Fall Market Report
Imperial Golf Estates Fall Market Report
Naples zip code map (more…)
Open Houses Sunday October 24
Here is the updated list of today’s Open Houses (with links to Q3 market reports for Marblehead, Swampscott and Salem):
Click on these links for details: (more…)
New Listings and Inventory Update
Here are the latest New Listings (the state of inventory is shown later in this article):
Click these links for details: (more…)
Open Houses weekend October 23/24
Here are the Open Houses this weekend. Because of the quirks of MLS properties with OH’s both days do not show up in both days’ lists but do if you click on the individual properties. I will publish the updated list for Sunday tomorrow at 8 a.m.
Click on these links for details: (more…)
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New Listings and Inventory Latest
Here are the latest New Listings (the state of inventory is shown later in this article):
Click these links for details: (more…)
Marblehead’s Rapid Recovery Plan
Over the last several months, the Town of Marblehead has participated in the Massachusetts Local Rapid Recovery Plan (LRRP) Program to help support business owners and community members by developing recovery plans for local business districts. In Marblehead, Downtown Marblehead and the B1 District (Atlantic & Pleasant St) have been the focus of our work. This recovery plan has been developed in coordination with the local government, and informed through stakeholder interviews, a public forum, and surveys, and is customized to the individual economic challenges and COVID-19 related impacts in Marblehead. It includes a data analysis as well as an exploration of challenges, barriers, strategies, and actions.
The Town has scheduled a public forum to review the LRRP Final Report and its recommendations on Monday, October 25 at 11am. We hope you’ll join us to view the recommendations of the final report and ask questions or offer comments on the report.
You can view the LRRP report in advance of the forum here (more…)
Swampscott Votes OK $98 million Elementary School
Swampscott will build a $98 million elementary school on the Stanley Elementary School site at 10 Whitman Road, voters decided in a special election on Tuesday. According to Swampscott Town Clerk Susan Duplin’s unofficial results, the turnout was 35% of the town’s 11,875 registered voters and the affirmative captured 65% of the vote.
Tuesday’s majority vote essentially OK’d a $64 million Proposition 2 1/2 debt-exclusion override. The Massachusetts School Building Authority is making available a $34.3 million grant award toward the school building project, leaving Swampscott taxpayers to pick up the remaining $64 million. The $60 million would be borrowed right away, taking advantage of low-interest rates, and $4 million next year, and the borrowing would be paid back over 30 years, according to the Swampscott Finance Committee.
“The maximum estimated annual net impact on the median single-family household tax bill is approximately $300,” wrote the Finance Committee in a letter printed on last month’s Town Meeting warrant. Click here to read the Swampscott Reporter’s article on the election including details of the financing.
The new school once built will unify a trio of neighborhood elementary schools: Stanley Elementary School, Hadley Elementary School and Clarke Elementary School. It will serve 900 students enrolled in kindergarten – fourth grade. (more…)
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