How quickly are homes selling in Marblehead?
We all know that there is in general a shortage of houses available for sale – other than at higher price points. Writing a report saying that the supply is 3 or 4 or 2 months at recent sales levels doesn’t add to the pool of knowledge – it just makes buyers feel more anxious!
This report analyzes the Single Family Home (SFH) market in Marblehead and looks at how quickly houses receive offers once they hit the market.The charts show the percentage of houses that received offers in the first 29 days on the market. Pending sales – those with an accepted offer which have not yet closed – show the highest figure – 71% received that offer within 29 days, while the number drops to around 50% for both Sold YTD and currently For Sale.
The percentages vary by price point, but the takeaway here is – yes, houses are selling quickly if they are attractively priced, but half the houses have been on the market for 30 days or more.
So scan the new listings and call to make an appointment to see a house that looks like it meets your needs, but don’t ignore the houses that have been on the market for a while.
Unless you have an unlimited budget, buying a house involves some compromise between your perfect home and what you can buy, so please go and look at houses. Many people buy homes they didn’t think worked for them – until they visited them and figured out that, yes, this one would work for my family!
Current Inventory by price
Market Overall
As mentioned half the houses have been on the market for 30 days or longer, but 71% of pending sales received an offer within 29 days.
OliverReports.com
Open Houses Sunday April 28
Take your umbrella with you when you go to these Open Houses today:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
Open Houses Saturday, April 28
Here are today’s Open Houses:
Sagan Harborside Sotheby’s International Realty
Marblehead Saturday Open Houses
Swampscott Open Houses
Salem Saturday Open Houses
Beverly Saturday Open Houses
Lynn Saturday Open Houses
New Listings week ending April 27
Here are the this week’s new listings (and the list of Saturday Open Houses):
Sagan Harborside Sotheby’s International Realty
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
Mid-week new Listings April 25
These are the most recent new listings:
Sagan Harborside Sotheby’s International Realty
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
Open Houses Sunday April 22
Sunny today with the temperature in the 50s – it’s starting to feel like spring. A great day to visit these Open Houses: (more…)
510 New High Rises planned in London
When I saw the headline 510 new tall towers on Mansion Global, my first reaction was that it meant 510 new flats (condos). Then I read it more carefully and realised that it referred to 510 new buildings, each of at last 20 floors.
New Listings week ending April 20
This post lists the week’s new listings, shown below. We are also seeing more Open Houses on Saturdays and you can click Saturday Open Houses to see the list.
Sagan Harborside Sotheby’s International Realty
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
Saturday Open Houses April 21
As we enter the peak spring selling season we are seeing more Open Houses on Saturdays. Here are links to today’s:
Marblehead Saturday Open Houses
Swampscott Saturday Open Houses
Salem Saturday Open Houses
Beverly Saturday Open Houses
Lynn Saturday Open Houses
New Listings during School Vacation week
It may be School Vacation week and you may have thought you were living in an Indian monsoon on Monday, but it is officially spring and new listings are coming on. Here are the latest:
Sagan Harborside Sotheby’s International Realty
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
One more Marblehead Open House
Missing from the earlier list was 8 Pond Street which has an Open House today from 11:00-2:00.
Open Houses Sunday April 15
Wrap up but plan to attend these Open Houses:
Sagan Harborside Sotheby’s International Realty
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
Essex County Q1 2018 housing market: prices continue to increase
The first Quarter of the year is the slowest one for sales in Essex County (weather!), typically representing about 15% of the year’s total. The smaller the number of sales the less significant is the data, so the numbers for individual towns can and do fluctuate from quarter to quarter.
As the numbers get bigger so does the significance. In the 34 cities and towns of Essex County overall, sales of Single Family Homes (SFH) were down 4% from Q1 2017 while the median price increased 4.4%.
In the whole of Massachusetts, sales were flat and the median price increased 3%,
The table below shows the median SFH price for each town for the last three years; and the median price and sales for Q1 for 2017 and 2018. The mid-year data, which I shall publish in mid-July, will give a better feel for the market in individual cities and towns, but these numbers support the general perception that the housing market in Essex County continues to show price increases.
OliverReports.com
Shingle style house on Marblehead’s Unknown Oceanfront
A man came to see 11 Crown Way a while back and commented that he had driven up and down Atlantic Avenue for years and had no idea that there were oceanfront houses at the end of the streets between Preston Beach and Beach Street.
There are a lot of small streets that lead to the water and have 1 or 2 or maybe 3 or 4 houses sitting directly on the ocean at the end. And for the most part these houses sit on the rocky Atlantic coast and are high enough that flooding is not a concern, while many of them face South, have great views of Ram Island and down the coastline, and are well protected from the nor’easters that can impact more exposed areas.
In 2014 there were 29 houses with an Assessed Value of $2 million or more in this area and by this year that number had jumped to 45.This area does indeed contain Marblehead’s Unknown Oceanfront properties.
11 Crown Way, which has breathtaking views all the way down to the South Shore, is a gracious, restored (1998-2006), 1870s oceanfront home. The open floor plan offers an easy flow for entertaining. The house sits on a private beach, high above the Atlantic, in a wonderfully protected location (no flood insurance required.) VIEWS and VIEWS and VIEWS.
Click 11 Crown Way for details of the property. And here’s a link to the Video and to the sky over the ocean at sunset.
The Carriage House is believed to have been a stop on the Underground Railroad, and the property has been featured by the Massachusetts Historical Commission.
Listen to the sound of the ocean, while looking out over the rocks which provide a sanctuary for wildlife.
11 Crown Way is just 13 miles north of Boston’s Logan Airport, while enjoying all the charms and delights of the “Yachting Capital of America”, and “New England’s Best-Kept Seaside Secret.”
Call Andrew Oliver on 617.834.8205 or Kathleen Murphy on 603.498.6817 to arrange a showing.
This week’s new listings
Here is a guide to the latest new listings:
Sagan Harborside Sotheby’s International Realty
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
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