Year End 2021
2021 Annual Report
This reports covers all 34 cities and towns in Essex County, with more detailed reviews of Beverly, Gloucester, Manchester-by-the-Sea, Marblehead, Rockport, Salem and Swampscott
Marblehead 2021 Year End Review
The median price of the SFHs sold in Marblehead in 2021 increased 9.7% to $850,000 on steady sales. The median price of the Condos sold in Marblehead 2021 jumped 26.4% to $520,000. The 7 sales at Marblehead Meadows added $27,500 to the median price in 2021.
Swampscott 2021 Year End Review
The median price of the SFHs sold in Swampscott in 2021 increased nearly 10% to $690,000 on steady sales. The median price of the Condos sold in Swampscott in 2021 decreased 3% to $405,000. The 11 sales at Fisherman’s Watch added $22,000 to the median price in 2020
Beverly 2021 Year End Review
The median price of the SFHs sold in Beverly in 2021 increased 8.9% to $610,000 while sales were in line with the 5-year average. The median price of the Condos sold in Beverly in 2021 increased 9.5% to $388,750
Salem 2021 Year End Review
The median price of the SFHs sold in Salem in 2021 increased 14.3% to $560,000 on the smallest number of sales since 2012.The median price of the Condos sold in Salem in 2021 increased 12.1% to $431,500 on steady sales
Q3 2021
Fall Market Report
Sagan Harborside has published my Fall Market Report this week. The report includes stats on every city and town in Essex County, with more detailed analysis of the markets in Marblehead, Swampscott, Salem, Beverly, Gloucester, Nahant, Manchester-by-the-Sea and Rockport.
Marblehead Q3 2021 Market Report
The median price of the SFHs sold in Marblehead in the 9 months of 2021(YTD Q3 2021) increased 13.2% to $849,000 on somewhat lower sales
Swampscott Q3 2021 Market Report
The median price of the SFHs sold in Swampscott in the 9 months of 2021(YTD Q3 2021) jumped 15.8% to $717,500 on steady sales.
Salem Q3 2021 Market Report
The median price of the SFHs sold in Salem in the 9 months of 2021 (YTD Q3 2021) increased 14.7% to $562,000 on the lowest sales number since 2012
Beverly Q3 2021 Market Report
The median price of the SFHs sold in Beverly in the first 9 months of 2021(YTD Q3 2021) increased 13.2% to $622,500 while sales returned close to the 2018 level
Gloucester Q3 2021 Market Report
The median price of the SFHs sold in Gloucester in the first 9 months of 2021 (YTD Q3 2021) increased 23.7% to $600,000 on the lowest sales number since 2009.
Danvers Q3 2021 Market Report</a>
The median price of the SFHs sold in Danvers in the first 9 months of 2021 (YTD Q3 2021) increased 22.6% to $650,000 on sales in line with pre-COVID levels
Ipswich Q3 2021 Market Report
The median price of the SFHs sold in Ipswich in the first 9 months of 2021 (YTD Q3 2021) increased 21.2% to $800,000 on sales in line with the numbers in recent years
Merrimac Q3 2021 Market Report
The median price of the SFHs sold in Merrimac in the first 9 months of 2021 (YTD 2021) increased 13.2% to $580,000. Sales continued to decline and were the lowest since 2013.
Nahant Q3 2021 Market Report
The median price of the SFHs sold in Nahant in the first 9 months of 2021 (YTD 2021) increased 7% to $805,000 on about the normal small number of sales
Boxford Q3 2021 Market Report
The median price of the SFHs sold in Boxford in the first 9 months of 2021 (YTD 2021) increased 16.6% to $894,000. Sales were a little lower than in recent years, largely reflecting lower Q1 sales
Manchester-By-The-Sea Q3 2021 Market Report
The median price of the SFHs sold in Manchester-By-The-Sea in the first 9 months of 2021 (YTD 2021) increased 32.9% to $1,176,000. Sales have been between 42 and 52 in each of the last 10 years.
Reports on all other Essex County towns are available on request
Mid-Year 2021
Marblehead Mid-Year Market Report
The median price of the Single Family Homes (SFH) sold in the first half of 2021 (H1 2021) jumped 19.4% from the COVID-influenced $678,500 in H1 2020 to $810,000, although this was lower than the $839,900 in H2 2020. Sales of 104 units increased from 93 in 2020 and compared with the 5-year average of 96.
The share of SFHs selling above list price increased from 23% in H1 2020 in 62% in 2021, with 25% of sales at 110% or more of list – against none in H1 2020.
Swampscott Mid-Year Market Report
The median price of Single Family Homes (SFH) sold in the first half of 2021 (H1 2021) increased 16.5% from $592,500 to $690,000, while sales increased from 59 to 68, exactly in line with the 5-year pre-COVID average.
Following 2 SFH sales over $2 million in H2 2020, there were 3 such sales in H1 2021. 3 out of 4 SFH sales took place over list price, with 28% of all sales (compared with 11% in H1 2020) at 110% or more of list.
Salem Mid-Year 2021 Market Report
The median price of Single Family Homes (SFH) sold in the first half of 2021 (H1 2021) rose12.9% from $472,850 to $534,000, confirming the breakout above $500,000 in H2 2020.
Sales dropped from 93 to 80 – the lowest figure since 2014 – with all the reduction in Q1.
80% of SFHs sold above list price in H1 2021, with 45% of sales (vs 8% in H1 2020) at 110% or more of list. (against 3% in H1 2020)
Beverly Mid-Year 2021 Market Reports
The median price of Single Family Homes (SFH) sold in the first half of 2021 (H1 2021) increased 15.4% from $546,000 to $630,000 breaking $600,000 for the first time. Sales of 124 were in line with the 5-year average of 122.
81% of SFHs and 65% of condos sold above list price in H1 2021. 34% of SFHs sold at 110% or more of list price (vs 4% in H1 2020) but only 8% of condos
Essex County Mid-Year 2021 Market Report
The real estate market in Essex County continued to boom in the first half 2021 (H1 2021), with multiple offers the norm for most properties. The COVID-inspired slowdown in the second quarter of 2020 impacted sales – which were delayed – rather than prices. Thus, while Year- on- Year (YOY) increases in sales are from an artificially low base, the increase in median prices is real.
The median SFH price in H1 2021 broke through $600,000, just a year after reaching $500,000 for the first time.
In H1 2021 only 5 of the 34 cities and towns – Amesbury, Lynn, Methuen, Haverhill and Lawrence – had a median SFH price under $500,000, while 16 had median prices above $750,000. Every town except Middleton saw double digit increases YOY, while Marblehead was the only town where the H1 2021 median SFH price was lower than in H1 2020.
Reports on all other Essex County towns are available on request
Q1 2021
Marblehead Housing Market Q1 2021 Review
The median price of Single Family Homes (SFH) sold in Q1 2021 increased 10.5% to $765,000, well below the $839,900 in the second half of 2020
Swampscott Q1 2021 Housing Market Review
The median price of the SFHs sold in Q1 2021 increased 5.6% to $599,000, but this compared with $630,000 for the whole of 2020
Salem Q1 2021 Housing Market Review
The median price of Single Family Homes (SFH) sold in Q1 2021 increased 14.4% to $527,410, only the second time a Quarterly price has exceeded $500,000.
Beverly Q1 2021 Housing Market Review
The median price of the Single Family Homes (SFH) sold in Q1 2021 increased 14.9% to $575,500 $501,000, which was by far the lowest number in 2020.
Essex County Housing Market Q1 2021 Review
The median price of Single-Family Homes (SFH) sold in Q1 2021increased 11% to $550,000 from Q1 2020, but was in line with the $555,000 in the second half of the year 2020.
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