Are you thinking of moving to Southwest Florida?
With a nor-‘easter coming this week, is it time to think about moving to the Gulf Coast of Southwest Florida?
Here’s a house in the Bonita Bay community of Bonita Bay close to the beautiful Gulf.
What is the connection between airlines and real estate?
My guess is you are thinking either (a) you get on a plane to visit your winter residence, or (b) none.
Read on to find out why neither answer is right. (more…)
Open Houses Sunday December 13
Just a handful of Open Houses again – but there again there are not many properties on the market. (more…)
What are the lessons of low inventory?
First of all, how low is low? Let’s look at current inventory by price:
It is staggering to think that in a town like Marblehead, with over 6,250 Single Family Homes, there are just 12 currently for sale. It is a seasonally low period, but the average in the last 5 years has been almost 4 times as many.
What messages can we draw from this? Here are a few thoughts: (more…)
Open Houses weekend December 12/13
Here are this weekend’s Open Houses. This list will be updated on Sunday morning (because of the quirks of MLS some of the Sunday Open Houses don’t show up on Saturday.) (more…)
New Listings week ending December 11
Very few New Listings this week and very little inventory: (more…)
“Mortgage rates low, housing prices high for three years”
CoreLogic has released its Three-Year Housing and Mortgage Outlook and the report says millennials will add substantial demand for housing, while finding low rates and high prices.
“Low mortgage rates, growing numbers of first-time buyers, and gradually rising home values are three housing market trends we expect during the next three years.”
Here is a link to the full Corelogic report: Mortgage and Housing Market Outlook
Conforming Mortgage Loan Limits raised for 2021
Mortgage Markets Return to Normal
How Marblehead’s 2021 Property Tax Rate is 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
“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReports.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”
New Listings mid-week December 9
These are the first New Listings after Thanksgiving. Of particular note are three of the new condos at BRIX in Salem. These units are priced at $500-550 per sq.ft. The median price of the 386 condos sold this year in Salem was $322 with just 9 selling over $500 psf.The sales prices at BRIX are a good example of the the attraction of Salem and of new, high-quality construction.
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings (more…)
Open Houses Sunday December 6
Just a handful of Open Houses again – but there again there are not many properties on the market. (more…)
Old North Festival Chorus Virtual 40th Celebration
Mortgage Markets Return to Normal
Before delving into the details, let me show you the answer, the chart showing the spread – difference- between the 30-year Fixed Rate Mortgage (FRM), as reported weekly by Freddie Mac, and the yield on the 10-year US Treasury Note (10T):
In recent years the 30-year Fixed Rate Mortgage (FRM) has averaged a spread of about 1.7% above the yield on the US 10-year Treasury (10T). (more…)
Marblehead Christmas “Walk” weekend
The first weekend in December sees Marblehead’s Christmas Walk. No surprise, it will be somewhat different this year….
Last night saw a drive-by viewing of the Christmas Tree in National Grand’s parking lot, while those venturing out today will be greeted by heavy rain turning into snow later. Thank you 2020!
At least tomorrow’s weather looks better. (more…)
New Listings week ending December 4
Just a handful of New Listings this week:
Click on these links for the New Listings: (more…)
Essex County housing inventory plunges even further
Single Family Homes
After years of decline, the number of SFHs for sale in Essex County on the first of the month compared with a year earlier (YOY) increased from August 2018 until June 2019. The decline then resumed, and has accelerated throughout 2020:
Open Houses weekend December 5/6
Here are this weekend’s Open Houses. This list will be updated on Sunday morning (because of the quirks of MLS some of the Sunday Open Houses don’t show up on Saturday.)
(more…)
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