Open Houses Sunday January 23

Here are today’s Open Houses:

Click on these links for details: (more…)

New Listings and Inventory Update

Still only a handful of New Listings (the state of inventory is shown later in this article, as is a link to my annual guide to property tax rates).

Click these links for details: (more…)

Open Houses weekend January 22/23

Freezing temperatures, Omicron (now waning, fortunately) and tiny inventory are the backdrop to this weekend’s Open Houses.

Click on these links for details: (more…)

New Listings and Inventory Update

Still only a handful of New Listings (the state of inventory is shown later in this article, as is a link to my annual guide to property tax rates).

Click these links for details: (more…)

How Marblehead’s 2022 Property Tax Rate is calculated

The formula for calculating the property tax is actually very simple: take the $ amount of the previous year’s Tax Levy, add 2.5% for Proposition 2 1/2, and also add any New Growth (such as new construction or a condo conversion). This figure is the new tax levy. To this figure is added debt service – the Principal and Interest payable on the town’s debt. – to produce the total Tax Levy.

Here are the numbers for Fiscal Years 2021 and 2022, remembering that FY 2022 runs from July 2021 to June 2022. (more…)

January Inventory – how low can you go?

After increasing somewhat – albeit from a very low base – in the first several months of 2021, the seasonal drop-off after October after was just as sharp as in prior years – and again this is a reduction from a low level. 2022 is starting off at a seemingly impossible even lower level.

Single Family Homes
The % decline is almost irrelevant. More relevant is the months of supply shown.

Inventory now has less than 1 months’ supply overall and is only over 1 month – but still far below the 6 months deemed to reflect a market in equilibrium – at prices over $1.5 million.

 

Condos (more…)

New Listings and Latest Inventory Update

Still only a handful of New Listings (the state of inventory is shown later in this article, as is a link to my annual guide to property tax rates).

Click these links for details: (more…)

New Listings and Inventory Update

Still very few New Listings (the state of inventory is shown later in this article, as is a link to my annual guide to property tax rates).

Click these links for details: (more…)

Open Houses Sunday January 9

Low inventory = small number of Open Houses:

Click on these links for details: (more…)