Saturday Open Houses
The number of Saturday Open Houses is still quite small. Will the number increase as we get into the peak selling season over the next few weeks? (more…)
New Listings this week
The pace of new listings remains steady, with no great increase seen as yet:
Source: MLS, Oliver Reports
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Queen’s grandparents’ house for sale for a mere….
A house once owned by Her Majesty’s grandparents has just been listed for sale by Savills for £30 million or roughly $44 million.
For those seeking privacy, the estate has no public rights of way – which is unusual in England – while it has no fewer than 4 polo fields along with “summer and winter club houses, a full size all weather polo arena and an indoor school.”
Sounds like just the ticket.
Read more and see some spectacular photos in this Daily Mail article (more…)
Lynn Q1 2016 Housing Market by the Numbers
This is a report of the Lynn Q1 Housing Market by the Numbers, followed by a snapshot of current inventory compared with a year ago, a comparison which shows a huge change for Single Family Homes.
Median Prices and Sales
Sales of SFHs recovered from last year’s drop and were close to the record levels of 2004-2005. While condo sales also jumped, they remain well below the average of 60 sales in the 2004-2007 period.
The median price of a SFH was in the range of most of 2015, while that for condos was somewhat lower. Always remember that quarterly numbers can be – and frequently are – volatile, especially during the winter months. We will get a truer picture of the underlying market trends when we get the numbers for the first half of the year.
Source: MLS, Oliver Reports
Current Inventory
The median SFH price in Lynn is around $270,000. A year ago there were 48 houses available below $300,000, but today there are just 21. Overall, inventory is down over 40%.
The median condo price is around $175,000. Here again, there is a sharp drop in supply under $200,000, while overall inventory is down just slightly.
Source: MLS, Oliver Reports
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Massachusetts Q1 Housing Market Review
This report reviews the Massachusetts Q1 Housing Market by the Numbers, followed by a snapshot of current inventory compared with a year ago.
Median Prices and Sales
Sales of SFHs jumped sharply, not just from last year’s level, but from that of the last several years and were the highest recorded in my records going back to 2000. Condo sales were also up significantly, but are still lower than in the heady days of 2005-2007.
The median price of both SFHs and condos was within 1% of last year’s Q1 levels. Always remember that quarterly numbers can be – and frequently are – volatile, especially during the winter months. We will get a truer picture of the underlying market trends when we get the numbers for the first half of the year.
Source: MLS, Oliver Reports
Current Inventory
The median SFH price in Massachusetts is around $360,000. While overall inventory for SFHs is down 7% from last year, the decline is concentrated below $500,000.
Numbers for the condo market in the entire State are distorted by the inclusion of Boston. The vast majority of the condos for sale over $1 million are in Boston, and places like Cambridge, Brookline and Newton. While the overall decline in inventory is 6%, it is 15-19% under $350,000.
Source: MLS, Oliver Reports
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Salem Q1 Housing Market by the Numbers
This report gives a picture of the Salem Q1 Housing Market by the Numbers, followed by a snapshot of current inventory compared with a year ago.
Median Prices and Sales
Sales of SFHs were up slightly from last year, but sales of condos rose sharply. The median price of a SFH was slightly lower than a year ago, while that for condos was up. Always remember that quarterly numbers can be – and frequently are – volatile, especially during the winter months. We will get a truer picture of the underlying market trends when we get the numbers for the first half of the year.
Source: MLS, Oliver Reports
Current Inventory
While inventory is down somewhat compared with a year ago, the drop is quite modest.
Source: MLS, Oliver Reports
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Swampscott Q1 Housing Market by the Numbers
This report gives a picture of the Swampscott Q1 Housing Market by the Numbers, followed by a snapshot of current inventory compared with a year ago, a comparison which shows a huge drop.
Median Prices and Sales
Sales of both SFHs and condos were down slightly from last year, while the median price for both categories increased somewhat. Always remember that quarterly numbers can be – and frequently are – volatile, especially during the winter months. We will get a truer picture of the underlying market trends when we get the numbers for the first half of the year.
Source: MLS, Oliver Reports
Current Inventory
The big story is the shortness of inventory compared with a year ago. The number of SFHs for sale under $500,000 is just 5 compared with 19 a year ago. Overall inventory for both SFHs and condos is about half that of a year ago.
Source: MLS, Oliver Reports
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Essex County Q1 Housing Market by the Numbers
This report gives a picture of the Essex County Q1 Housing Market by the Numbers, followed by a snapshot of current inventory compared with a year ago, a comparison which shows a significant shift by price.
Median Prices and Sales
Sales of SFHs increased sharply from the levels of the last few years and were back to levels last seen in 2005. Condo sales were also well up, although they remain well below the levels of 2004-2007. The median prices for both SFHs and condos edged down slightly.
Always remember that quarterly numbers can be – and frequently are – volatile, especially during the winter months. We will get a truer picture of the underlying market trends when we get the numbers for the first half of the year.
Source: MLS, Oliver Reports
Current Inventory
The changing housing market is well illustrated by the change in inventory compared with a year ago. The median SFH price in Essex County is a little below $400,000. A year ago there were 450 houses available below this level, but today there are just 278, a drop of 38%. Above $750,000, there is an increase in supply.
A similar pattern is seen in condos, where the median price is around $250,000. The supply of condos for sale only increases above $500,000.
Source: MLS, Oliver Reports
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Sunday Open Houses
It’s a beautiful day in New England. Here is today’s list of Open Houses: (more…)
Saturday Open Houses
As the spring selling market gets into full speed we are seeing more Saturday Open Houses:
andrewjoliver.com
Marblehead Open Houses
Salem Open Houses
Swampscott Open Houses
Beverly Open Houses
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com. for a free market analysis and explanation of the outstanding marketing program I offer.
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Read Which broker should I choose to sell my house?
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
Marblehead Q1 Housing Market by the Numbers
This report shows a picture of the Marblehead Q1 Housing Market by the Numbers, followed by a snapshot of current inventory compared with a year ago. For a more detailed report on the Q1 SFH market read Marblehead home prices set record in Q1
Median Prices and Sales
Sales of both SFHs and Condos were quite consistent with the last couple of years. The median price of a SFH was the highest recorded in the first quarter, but as my report above showed a lot of that was due to the mix of sales in the quietest quarter of the year.
Marblehead’s condo market is a mix of older conversions and newer developments. This, together with the small number of sales, leads to great volatility in the median price over short periods of time.
Always remember that quarterly numbers can be – and frequently are – volatile, especially during the winter months. We will get a truer picture of the underlying market trends when we get the numbers for the first half of the year.
Source: MLS, Oliver Reports
Current Inventory
When looking at the inventory of houses for sale it is important to remember the difference between relative and absolute. Relatively speaking, inventory is up on a year ago with all the increase above $750,000. But in absolute terms the numbers are still low. Marblehead has averaged around 70 SFH sales in Q2 – April to June – in the last few years. Current inventory of 65, therefore, represents less than 3 months of supply.
The number of condos for sale, while higher than at this time last year, is still absolutely low.
Source: MLS, Oliver Reports
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com. for a free market analysis and explanation of the outstanding marketing program I offer.
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Read Which broker should I choose to sell my house?
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Beverly Q1 Housing Market by the Numbers
This report shows a picture of the Beverly Q1 Housing Market by the Numbers, followed by a snapshot of current inventory compared with a year ago, a comparison which shows a huge change at lower price points.
Median Prices and Sales
Sales of SFHs recovered sharply from last year, although sales of condos were down slightly. The median price of a SFH was lower than a year ago, while that for condos was well up. Always remember that quarterly numbers can be – and frequently are – volatile, especially during the winter months. We will get a truer picture of the underlying market trends when we get the numbers for the first half of the year.
Source: MLS, Oliver Reports
Current Inventory
The median SFH price in Beverly is around $400,000. A year ago there were 19 houses available below this level, but today there are just 7. A similar pattern is seen in condos, where the median price is around $250,000. The number of condos for sale below this level is half that of a year ago.
MLS, Oliver Reports
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com. for a free market analysis and explanation of the outstanding marketing program I offer.
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Read Which broker should I choose to sell my house?
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Open Houses April 17
It promises to be a sunny 50 degree plus today on the North Shore today – perfect for visiting these Open Houses: (more…)
San Francisco starter homes?
This billboard sign raises an interesting question:
By “low $1,000,000s” do they mean, say, $1,050.000, or low millions such as $2 million or maybe $3 million?
Either way, I am sure they are a “bargain” in San francisco’s red-hot housing market. (more…)
Are new listings up in Marblehead?
It would be logical to assume that, after a mild winter and with continued improvement in the housing market locally, new listings this year would show an increase. That has, indeed, proved to be the case compared with last year, but total new listings in the first quarter were very similar to the number for 2013 and 2014.
Total new listings Q1
MLS, Oliver Reports
Break down by List Price
When we look at the list price of new houses on the market, we see an interesting pattern, one which gives support to the belief that prices are rising. If we focus on 2013, 2014 and 2016, when the total numbers were very similar, we see a clear trend: a sharp drop under $500,000, and modest increases up to $1.5 million.
MLS, Oliver Reports
What is the seasonal pattern of new listings?
While this article has focused on new listings in Q1, the peak period for new listings is only now underway. Note how Q1 and Q3 were similar in 2013 but in 2014 and 2015 there were more new listings in Q3. And Q4, not surprisingly, saw the lowest number in each year.
MLS, Oliver Reports
And finally, if only because these I had to calculate all these numbers to get the summaries, here are the monthly numbers.
MLS, Oliver Reports
Comment
While it maybe somewhat surprising that new listings are not showing, at least so far, a greater increase from the levels of 2013 and 2014, we are now in the peak period for new listings. Half-way through April, however, we have seen just 21 new listings, not an indication of any general pick-up in listings.
The demand is clearly out there – 8 of April’s 21 new listings have already received offers – meaning this is an excellent time to list your house for sale if you are planning to move.
If you – or somebody you know – are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com. for a free market analysis and explanation of the outstanding marketing program I offer.
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Read How should I choose the broker to list my house for sale?
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
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@OliverReports
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