What does $100 million buy in London?
Yes, one of the great questions one asks these days, along with “does the snow-blower have gas as I have no doubt there will be a sudden storm soon”.
I can’t answer the second question, but there’s a solution to the first one:London’s priciest mansion.
GBP 75 million converts to $97.8 million, leaving enough change for a couple of Rolls-Royces which would go nicely with the house.
And the house is listed with Sotheby’s International Realty so I would be happy to refer you to the listing agent in London.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
Andrew.Oliver@SothebysRealty.com
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 mid-week February 12
Very few new listings ahead of School Vacation week:
Marblehead New Listing
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings
Will house prices continue to rise in 2020?
Are You Thinking of Selling in 2020?
Swampscott homeowners: now is a GREAT time to sell
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
Andrew.Oliver@SothebysRealty.com
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 9
Here are today’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
and click Open Houses search to check in other towns.
Will house prices continue to rise in 2020?
Are You Thinking of Selling in 2020?
Swampscott homeowners: now is a GREAT time to sell
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Is Tom Brady’s Brookline house the GOAT?
The news that the price of Reebok founder Paul Fireman’s Brookline house has been slashed from $38 million to just $33 million…
leaves this recently constructed house
owned by You Know Who and Giselle, as the highest-priced listing in Brookline at $33.9 million.
If You Know Who’s house does sell for more than Mr. Fireman’s it would mean that the price was the Greatest Of All Time in Brookline.
Will house prices continue to rise in 2020?
Are You Thinking of Selling in 2020?
Swampscott homeowners: now is a GREAT time to sell
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
Andrew.Oliver@SothebysRealty.com
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 8/9
Here are this weekend’s Open Houses (don’t forget to check back tomorrow at 8 a.m. for an updated list for Sunday):
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
and click Open Houses search to check in other towns.
Will house prices continue to rise in 2020?
Are You Thinking of Selling in 2020?
Swampscott homeowners: now is a GREAT time to sell
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Coronavirus and the housing market
We have all reads reports explaining how coronavirus is likely be more deadly than the SARS out break in 2003, in part because of the migration from country to town in China and increase in travel both to and from China. While coronavirus is still in its early stages, the number of confirmed cases of the current virus already exceeds that for SARS.
The impact of the virus will spread well beyond China and Asia. Fewer Chinese travelers will result in fewer tourism dollars.
Another factor is that China is a much larger part of the world economy than it was in 2003.
Already, supply chains are feeling pressure leading to production difficulties for many companies throughout the world.
Economic impact
China has enjoyed economic growth of 6% or more for some 30 years and it is already clear that coronavirus will cause a sharp slowdown in the first quarter of the year, coming as it has at the Chinese New Year. And that slowdown will extend throughout the world to some extent.
If the virus is brought under control quickly, that economic slowdown is likely to reverse quite quickly. Id the impact lasts longer, then obviously so will the effects.It is too early to tell.
Meanwhile, financial markets have seen the usual flight to quality and safety, and that still means the US dollar and US Treasuries. Lower bond yields – and especially the 10-year Treasury, in turn lead to lower mortgage rates. The chart below of Freddie Mac’s weekly survey is a little messy, but the message is clear:30-year mortgage rates are now back within range of their 2013 and 2016 lows.
Comment
While it is too early to forecast the impact of the coronavirus, world stock markets this week suggest that investors believe it will be limited beyond the short term. And meanwhile, ultra low mortgage rates only exacerbate the impact of the extreme low level of supply in the housing market.
Will house prices continue to rise in 2020?
Are You Thinking of Selling in 2020?
Swampscott: now is a GREAT time to sell
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
Andrew.Oliver@SothebysRealty.com
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 7
These are the New Listings over the last week, including two Oceanfront properties on Marblehead Neck:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings
and click New Listings to check in other towns.
Will house prices continue to rise in 2020?
Are You Thinking of Selling in 2020?
Swampscott: now is a GREAT time to sell
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Two new Marblehead Neck Oceanfront listings
Just $4,000 separates these two new Oceanfront properties on Marblehead Neck (click on the links below the photos for full details):
Contact me to arrange a private showing.
Will house prices continue to rise in 2020?
Are You Thinking of Selling in 2020?
How is Marblehead’s 2020 Property Tax rate calculated?
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
Andrew.Oliver@SothebysRealty.com
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 mid-week February 5
These re the most recent New Listings, including two Oceanfront properties on Marblehead Neck:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings
and click New Listings to check other towns.
Will house prices continue to rise in 2020?
Are You Thinking of Selling in 2020?
Swampscott: now is a GREAT time to sell
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Swampscott Homeowners: now is a GREAT time to sell
The lack of housing inventory has been a feature of markets for several years, but nowhere to my knowledge has reached the situation currently prevailing in Swampscott.
Guess how many Single Family Homes are for sale currently? Just 12. Let me repeat that – there are 12 SFHs for sale in Swampscott. A town which has 3,462 SFHs.
And wait, there is more. (more…)
How did North Shore Home Prices Perform in the last Decade?
The decade from 2010-2019 saw a remarkably consistent record of Single Family Home Price increases throughout the North Shore and Essex County.
For the purposes of comparison I have converted all prices to a base of 100 for 2009.
The first chart shows the performance of Marblehead, Swampscott, Salem, Beverly and Essex County as a whole. If you look at the numbers for 2019 you can see how consistent the performance was, with a 50% increase over the decade.
(more…)
Open Houses on Super Bowl Sunday
A strange day ahead as for some reason the Patriots are not playing in the Super Bowl today. It will be mild for these Open Houses: (more…)
The 29 best things to do around Boston this February
In The 29 best things to do around Boston this February the Globe suggests 29 reasons to brave the chill – one for each day, although I am not sure there should be one for tomorrow when the temperature will be in the 50s.
I am guessing this may prove a favourite:
New Listings week ending January 31
A very small number of new listings over the last week:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings (more…)
Housing Inventory slump continues
Single Family Homes (SFH)
After years of decline, the number of Single Family Homes (SFH) for sale in Essex County on the first of the month compared with a year earlier (YOY) increased from August 2018 until June 2019. Since then the decline has resumed and, in fact, accelerated, as this table shows:
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