Danvers 2016 Housing market By The Numbers
The median price of Single Family Home (SFH) in Danvers in 2016 rose 5% to a new record high pf $429,900, surpassing the prior 2006 peak of $413,500. The median price of a condo declined 5% and remains below the 2014 peak. Sales of SFHs were down slightly from the 2015 peak, while condo sales were well below the 2014 peak. (more…)
Boxford 2016 Housing market By The Numbers
While the median price of a Single Family Home (SFH) in Boxford in 2016 increased 7%, it remains below the levels of 2004 and 2005. Sales, however, jumped to a new high. There is no condo market in Boxford. (more…)
Amesbury 2016 Housing market By The Numbers
The median price of a Single Family Home (SFH) in Amesbury in 2016 was virtually unchanged from 2015 and still 10% below the 2005 peak. The median condo price increased 10% but is still 5% below the 2005 peak. Sales of SFHs increased while condo sales were flat and well below the 2004 level. (more…)
Andover 2016 Housing market By The Numbers
The median price of a Single Family Home (SFH) in Andover in 2016 declined slightly from the 2015 peak, although the second half of the year set a record. The median condo price showed a somewhat larger decline. Sales were more or less flat compared with 2015. (more…)
Marblehead Oceanfront Open Houses
Two spectacular Marblehead Oceanfront Open Houses today:
46 Gallison Avenue from 11:30 – 1:00.
11 Crown Way from 1:30 to 2:30.
Open Houses Sunday January 29
Another beautiful New England day to visit these Open Houses: (more…)
New Listings week of January 27
Another quiet week for new listings:
Source: andrewJoliver.com
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings (more…)
How much does Boston impact Massachusetts condo prices?
Boston has a huge impact on the Massachusetts condo market and this article quantifies that impact: Boston added over $50,000, or 15%, to the median price of a condo in Massachusetts in 2016. (more…)
Lynn 2016 Housing Market By The Numbers
The median price of a Single Famil Home (SFH) in Lynn in 2016 rose 10% to a new record, finally topping the prior 2005 peak. The median price of a condo rose 9%, but was still 2% below the 2006 peak. Sales of both SFHs and Condos increased strongly, but while SFH sales are close to their 2005 level condo sales are still only about half the 2005 peak. (more…)
Essex County 2016 Housing market By The Numbers
The median prices for both Single Family Homes (SFH) and Condos set new records in 2016, each rising 5%. SFH sales also set a new high, while condo sales remained well below the peak level of 2005: (more…)
Massachusetts 2016 housing market By The Numbers
The median price of a Single Family Home (SFH) in Massachusetts in 2016 rose 3% to a new high, finally passing the prior 2005 peak. The median price of a condo rose 3.5% to a new high. Sales of SFHS were a record while condo sales remain 13% below 2005 levels. The impact of Boston on MA condo prices is explored in How much does Boston impact Massachusetts condo prices?. (more…)
Two spectacular Marblehead Open Houses today
Two spectacular Oceanfront Open Houses today: (more…)
Open Houses Sunday January 22
The economy is showing good growth (read mortgage rates set to rise again ) the weather is mild and inventory is low, a recipe for rising home prices, so hurry to these Open Houses – from $170,000 to $3 million – which will leave you plenty of time to submit an offer and be in front of the TV at 6:40 pm. (more…)
Mortgage rates set to rise again
The Freddie Mac weekly 30 year Fixed Rate Mortgage (FRM) report showed a further drop to 4.09% this week, but this number does not reflect the increase in interest rates late in the week (the Freddie Mac survey is based on mortgage rates from Monday to Wednesday each week and is published on Thursdays).
How has the mortgage rate moved recently?
The FRM moves most closely with the yield on the 10 year Treasury note (10T). Over the last 4 years the average spread – the difference between the FRM rate and the 10T yield – has averaged around 1.7%. Let’s see how the two rates have moved since the Election: (more…)
Do you know what this means?
“The market potential for existing-home sales declined due to the rise in mortgage rates, offsetting increased demand generated by broader economic strength.”