Open Houses Sunday February 24
Damp but mild for these Open Houses:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Million Dollar Sales jump 15% in Essex County
Sales of Single Family Homes (SFH) at $1 million or more in the 34 cities and towns of Essex County jumped 15% in 2019 to a record level of 331.
Andover took over the number one position from Marblehead, where Million Dollar sales have been flat for the last three years:
Click Million Dollar Sales by Town to download a copy of the table including aggregate numbers not in the table above.
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Open Houses weekend February 23/24
Travel weekend for many and so a possible opportunity for those who are here to visit these Open Houses:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
New Listings in School Vacation Week
A small number of new listings this week:
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Open Houses Sunday February 17
Snow tomorrow but sunshine today to visit these Open Houses:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
New Listings week ending February 15
As, we hope, we head towards spring and more new listings coming on to the market, I am resuming publication of current inventory along with the details of New Listings and Open Houses:
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Open Houses weekend February 16/17
As, we hope, we head towards spring and more new listings coming on to the market, I am resuming publication of current inventory along with the details of New Listings and Open Houses:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Amazon pulls out of New York deal: whoops
According to this Mansion Global article, The danger of speculative home buying, in the three months since Amazon announced plans to build a new HQ in Long Island City some 138 buyers signed contracts for apartments, triple the number for the same period a year ago.
And now, Amazon has cancelled plans to move to Long island City. Whoops indeed.
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Inventory : rising trend continues
The number of Single Family Homes (SFH) for sale in the 34 cities and towns of Essex County increased again in February, the 8th consecutive month of increase Year-on-Year. The first chart below shows January-June and the second one July-December:
Condos
It is the same story with condos, except that here the increase in February was the 9th consecutive month of Year-on-Year increases:
Comment
Translating inventory into months of supply is complicated this early in the year for two reasons: inventory is always low in the winter, as is sales activity. I will, however, write another post soon showing the current inventory by price for each of the towns and cities of Essex County.
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Henry VIII and Anne Boleyn honeymooned here
Mansion Global reports that the house where Henry VIII and Anne Boleyn honeymooned in is now for sale.
The house had fallen into disrepair until a team of historic preservation organizations, including the Spitalfields Trust and English Heritage, rallied together to restore the ancient gatehouse between 2006 and 2011.
$3.5 million seems a small price to pay for such a piece of history.
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Open Houses Sunday February 10
Here are the Open Houses on the first Sunday after the Super Bowl:
Marblehead open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Open Houses weekend February 9/10
Here are this weekend’s Open Houses:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Essex County 2018 Housing Market By The Numbers
[Click here to download a copy of this report.]
Single Family Homes(SFH)
The median price of the SFHs sold in the 34 cities and towns of Essex County increased 3.9% to $457,000, while sales eased very slightly from the 2017 level.
Condos
The median price of Condos sold in 2018 increased 5.3%, reaching $300,000 for the first time. Sales declined by 5% from the 2017 level.
*figures in bold represent record levels
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Essex County 2018 Median Home Prices: Town by Town
[Click here to download the table listing towns in alphabetical order, and here to download the table showing towns from highest to lowest median price.]
Overall, in the 34 cities and towns of Essex County, the median Single Family Home (SFH) price increased 3.9% to $457,000, while sales were down 2%.
The table below shows the median price for each town for the last 4 years, with the percentage change in 2918. It also compares sales for the last two years.
Note that a small number of sales can lead to price fluctuations, as in Essex Town, Rockport and Wenham amongst others. In general, the larger the number of sales, the more reliable is the median price.
While the overall median price in Essex County was $457,000, only 12 of the 34 cities and towns had median prices below this level, while 22 had median prices above $457,000. The reason for this is that the median price for the the County is calculated by taking all individual property sales, and many of the towns with a large number of sales are in communities with lower prices.
Calculating the median price for Essex County using towns rather than individual sales produces a median price of $547,500.
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
New Listings week ending February 8
Here are the latest new listings:
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
Lynn new listings
Andrew Oliver
Realtor, Sagan Harborside
Sotheby’s International Realty
www.andrewJoliver.com
www.OliverReports.com
Tel: 617.834.8205
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Recent Comments