New Listings. Inventory mid-week January 31
The slow start to 2024 continues:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
While latest inventory numbers generally in Essex County are 8% below last year’s levels, the declines on the North Shore are dramatic – the 4 towns below have a total of just 28 SFHs and 18 Condos for sale:
And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW
Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
My Marblehead Current article on Property Taxes
Here are links to the two parts of my recent article explaining how property taxes are calcuated:
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or [email protected].
Andrew Oliver, M.B.E.,M.B.A.
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
m 617.834.8205
www.OliverReportsMA.com
“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.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.”
__________________
Andrew Oliver, M.B.E., M.B.A.
Real Estate Advisor
[email protected]
www.AndrewOliverRealtor.com
www.OliverReportsFL.com
————
Compass
800 Laurel Oak Drive, Suite 400, Naples, FL 34108
m: 617.834.8205
Open Houses Sunday January 28
Here are today’s Open Houses :
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
*due to the timing of the MLS feed many of Sunday’s OHs do not show up in today’s links until later today and will be in tomorrow’s post
And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW
Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
Most Sales Still Over List Price
Core Inflation Prices Barely Budged in August
MARBLEHEAD Q3 MARKET REPORT 2019-2023
SWAMPSCOTT Q3 MARKET REPORT 2019-2023 SALEM Q3 MARKET REPORT 2019-2023
ESSEX COUNTY Q3 2023 MARKET REPORT
(more…)
SALEM 2023 MARKET REPORT and 5-YEAR REVIEW
The many attractions of Salem continue to attract buyers, especially younger buyers moving out of Boston. Perhaps surprisingly in a time when mortgage rates have more than doubled, sales have continued to be brisk, and in every month in 2023 from April onwards more than 50% of sales have taken place over list price.
Fluctuations in median prices can and do occur from quarter to quarter, based upon those properties which actually sell in any quarter, which is why the trend is more important than the exact numbers.
If you are thinking of selling, please contact me for a current market analysis for your property.
Go HERE to download a pdf of this report and HERE to download my Essex County report.
Median Price and Sales
The median price of the Single Family homes sold in Salem increased 39% from $431,250 in 2019 to $600,000 in 2023, a slight decrease from $611,000 in 2022. Sales dropped slightly from 2019 to 2022, but fell sharply in 2023.
The median price of the Condos sold increased by 37% from $355,000 in 2019 to $485,000 in 2023. Sales started to fall in the second half of 2022 and were also down sharply in 2023.
Single Family Sales by Price
Another way to look at sales is the distribution by price. (more…)
ESSEX COUNTY 2023 MARKET REPORT and 5-YEAR REVIEW
Go HERE to download a pdf of this report
Median Price and Sales
The median price of the Single Family homes (SFH) sold in Essex County increased 44% from $475,000 in 2019 to $684,000 in 2023. Sales declined slightly from 2019 to 2021, but dropped sharply in 2022, and again in 2023, when they were almost 40% lower than in 2019.
The median price of the Condos sold increased by 40% from $320,000 in 2019 to $446,500 in 2023. Sales followed a similar pattern to that for SFHs, declining 30% from 2019 to 2023.
Single Family Sales by Price
Another way to look at sales is the distribution by price. In 2019, 55% of SFH sales were under $500,000, and by 2022 that had dropped to just 16%. Conversely, the share of sales over $750,000 went from 13% to 35% in the same period. (more…)
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
Swampscott’s focus on controlling its expenditures and hence the property tax rate has brought increased buyer interest in recent years, with two-thirds of all sales in 2023 being at or above list price.
As elsewhere, the shortage of inventory was a major factor in both price increases and the speed of sales in 2023, despite the more than doubling of mortgage rates.
Fluctuations in median prices can and do occur from quarter to quarter, based upon those properties which actually sell, which is why the trend is more important than the exact numbers. Go HERE to download a copy of this report.
If you are thinking of selling, please contact me for a current market analysis for your property.
Median Price and Sales
The median price of the Single Family homes sold in Swampscott increased 45% from $590,000 in 2019 to $855,000 in 2023. Sales were steady from 2019 to 2021, but dropped in 2022, and again, sharply, in 2023.
The median price of the Condos sold increased by 28% from $345,000 in 2019 to $440,000 in 2023, with sales following a similar pattern to that for SFHs.
(more…)
Open Houses weekend January 27/28
Here are this weekend’s Open Houses (an updated list for Sunday will be posted tomorrow at 8 a.m.*):
<
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
*due to the timing of the MLS feed many of Sunday’s OHs do not show up in today’s links until later today and will be in tomorrow’s post
And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
Most Sales Still Over List Price
Core Inflation Prices Barely Budged in August
MARBLEHEAD Q3 MARKET REPORT 2019-2023
SWAMPSCOTT Q3 MARKET REPORT 2019-2023 SALEM Q3 MARKET REPORT 2019-2023
ESSEX COUNTY Q3 2023 MARKET REPORT
(more…)
New Listings week ending January 26
The slow start to 2024 continues:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
While latest inventory numbers generally in Essex County are 13% below last year’s levels, the declines on the North Shore are dramatic – the 4 towns below have a total of just 29 SFHs and 21 Condos for sale :
And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
SWAMPSCOTT 2023 MARKET REPORT and 5-YEAR REVIEW
Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
Most Sales Still Over List Price
Core Inflation Prices Barely Budged in August
(more…)
New Listings and Inventory mid-week January 24
The slow start to 2024 continues:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
While latest inventory numbers generally in Essex County are 13% below last year’s levels, the declines on the North Shore are dramatic – the 4 towns below have a total of just 29 SFHs and 21 Condos for sale :
And these recent articles:
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
Most Sales Still Over List Price
Core Inflation Prices Barely Budged in August
(more…)
MARBLEHEAD 2023 MARKET REPORT and 5-YEAR REVIEW
Just as in prior periods of housing market strength, the market in Marblehead saw a steady – rather than spectacular – increase in prices during the boom days of asset price increases, which were fueled by cheap credit, during and after the pandemic.
The reasons are as old as the town itself: Marblehead is a great place to live and bring up children, which is why people stay in their houses longer than they do elsewhere. Add to that, WFH (Work from Home), making the commute to Boston less of an issue.
The more than doubling of mortgage rates has also been a major factor in encouraging people to stay in their existing homes, further reducing the supply of homes for sale.
Finally, fluctuations in median prices can and do occur when the numbers are small, which is why the trend is more important than the exact numbers.
If you are thinking of selling, please contact me for a current market analysis for your property. Go HERE to download a pdf of this report and HERE to downlaod my Essex County report.
Median Price and Sales
The median price of the Single Family homes sold in Marblehead increased 34% from $717,500 in 2019 to $964,875 in 2023, and by 3% from 2022 to 2023. Sales were steady from 2019 to 2021, but dropped in 2022, and again in 2023. (more…)
Open Houses Sunday January 21
Here are today’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
And these recent articles:
Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
Most Sales Still Over List Price
MARBLEHEAD Q3 MARKET REPORT 2019-2023
SWAMPSCOTT Q3 MARKET REPORT 2019-2023 SALEM Q3 MARKET REPORT 2019-2023
ESSEX COUNTY Q3 2023 MARKET REPORT
(more…)
Where Should I Place The TV?
TV options have grown tremendously in the past few years as new technologies have emerged and older ones have been vastly improved. While many accept the look of a TV on a wall, others bemoan it. There are solutions for all.
1. Regular wall-mounted TV’s. There are multiple options, sizes and price points.
2. Projection TV’s: these days the quality has improved so notably that they are clearly visible projected on a screen or wall in full daylight.
3. Retractable TV mounts: these allow you to place a TV on a wall and angle the TV towards you when watching, allowing for more placement options.
4. Furniture mounted concealed TV’s: cabinets with a hydraulic system allow a TV to rise from a cabinet and disappear when not in use.
5. Ceiling mounted TV’s: These lie flush within the ceiling and then angle down when in use.
6. Floor mounted concealed TV: a high-tech automated arm raises the TV concealed in the floor.
7. Under-bed mounts: a mechanism houses the TV under a bed and it emerges from the foot and rises with a hydraulic arm when in use.
8. TV on a stand. Several attractive variations of this exist at multiple price levels.
9. Mirror TV’s. Tech allows. a TV to be mounted within a bathroom (or other) mirror and disappear when not in use.
10. Room divider see-through TV. LG has revealed a new technology in TV options for the home, a TV with a transparent screen, the world’s first wireless transparent OLED TV, with a 77-inch OLED (organic light-emitting diode) screen, a technology used in lighting that facilitates digital displays on products including TV’s and smartphones. Thanks to its transparency, the TV does not need to be placed against the wall like a traditional screen. (DEZEEN)
11. Rollable TV’s. Yup, a TV that rolls up into a low-lying cabinet that maintains your view when placed in front of a window.
12. TV as art? The FRAME TV by Samsung appears as if it were an art piece in a gallery-style frame when not in use.
Naturally, some of these are very expensive options, but often these are cheaper solutions than blocking a view. In a world where real estate can cost $1,000-plus per square foot, the cost of a TV should be weighed up against the space savings…..
New Listings and Inventory week ending January 19
A slow start to 2024:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
While latest inventory numbers generally in Essex County are 13% below last year’s levels, the declines on the North Shore are dramatic – the 4 towns below have a total of just 26 SFHs and 24 Condos for sale :
And these recent articles:
Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
Most Sales Still Over List Price
Core Inflation Prices Barely Budged in August
MARBLEHEAD Q3 MARKET REPORT 2019-2023
SWAMPSCOTT Q3 MARKET REPORT 2019-2023 SALEM Q3 MARKET REPORT 2019-2023
ESSEX COUNTY Q3 2023 MARKET REPORT
(more…)
Open Houses weekend January 20/21
Here are this weekend’s Open Houses (an updated list for Sunday will be posted tomorrow at 8 a.m.*):
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
*due to the timing of the MLS feed many of Sunday’s OHs do not show up in today’s links until later today and will be in tomorrow’s post
And these recent articles:
Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
Most Sales Still Over List Price
Core Inflation Prices Barely Budged in August
MARBLEHEAD Q3 MARKET REPORT 2019-2023
SWAMPSCOTT Q3 MARKET REPORT 2019-2023 SALEM Q3 MARKET REPORT 2019-2023
ESSEX COUNTY Q3 2023 MARKET REPORT
(more…)
Open Houses Sunday January 14
Today’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
And read these recent articles:
Marblehead FY 2024 Property Tax Explained
Why Mortgage Rates will fall in 2024
How a tax break of up to $3,200 can help heat your home more efficiently this winter
Conventional Mortgage Loan Limits increased for 2024
INFLATION and RECESSION UPDATE
Most Sales Still Over List Price
Core Inflation Prices Barely Budged in August
MARBLEHEAD Q3 MARKET REPORT 2019-2023
SWAMPSCOTT Q3 MARKET REPORT 2019-2023 SALEM Q3 MARKET REPORT 2019-2023
ESSEX COUNTY Q3 2023 MARKET REPORT
(more…)
Recent Comments