This week’s new listings
A few new listings ahead of Labor Day.
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
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.
Are you thinking about selling? Read Which broker should I choose to sell my house?
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
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Another $5.8 million sale in Marblehead
In May, 204 Ocean Avenue sold for a MLS-record $5.8 million. This week 329 Ocean Avenue sold for the same price. These are the first sales over $5 million in Marblehead since 2010.
And this week a house was listed at a fraction under $3 million and received an offer within 2 days.
More signs that the top end of Marblehead is bursting into life.
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.
Are you thinking about selling? Read Which broker should I choose to sell my house?
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
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Marblehead Inventory plummets
The number of Single Family Homes (SFH) for sale in Marblehead on September 1 is 52, down by one-third from last year and by nearly a half from 2015.
SFH Inventory by price
Not surprisingly, the biggest declines in inventory are at the lowest price levels, but there are still significant declines at virtually every price level.
Median Price
Strong demand, low mortgage rates and low supply continue to drive prices upwards. The median price of a SFH in Marblehead for the first 8 months of the year was $654,000, up 75.5% from the year 2016 figure of $620,000, the first time the median price reached $600,000. Unless and until the supply position changes, and while the economy continues to grow steadily, there is no reason to expect a change in the formula which is driving prices higher.
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.
Are you thinking about selling? Read Which broker should I choose to sell my house?
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
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Essex County inventory continues to decline
Total inventory of Single Family Homes (SFH) for sale on September 1 is down 13% from a year ago and by 33% compared with two years’ ago.
SFH Inventory by price
Not surprisingly, the biggest declines in inventory are at the lowest price levels, but there are still significant declines up to $1 million. Only over $1.5 million have inventory levels been maintained.
Median Price
Strong demand, low mortgage rates and low supply continue to drive prices upwards. The median price of a SFH in Essex County for the first 8 months of the year was $440,000, up 7.5% from the year 2016 figure of $409,000, the first time the median price reached $400,000. Unless and until the supply position changes, and while the economy continues to grow steadily, there is no reason to expect a change in the formula which is driving prices higher.
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.
Are you thinking about selling? Read Which broker should I choose to sell my house?
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
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
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