Marblehead Million Dollar Sales Booming

In my Marblehead Mid-Year Review I commented that “the number of sales over $1 million dropped from 17 in both 2015 and 2016 to just 8 in 2017. There are, however, 20 SFHs currently under agreement with list prices over $1 million, so it appears that activity at the higher end has been picking up of late. We have already had the record MLS sale at $5.8 million and another house, listed at just under $6 million, has recently gone under agreement.”

Activity seems to have picked up again in the last week, with 3 houses listed at $2.5-3.5 million receiving offers, as well as 2 listed between $1.5 and $2 million.

Here is a chart and table showing completed sales to date, pending sales, and how the combined total compares with the whole of 2016.

MLS, Oliver Reports

Note: Pending sales reflect list price

Comment
Completed and pending sales over $1 million in Marblehead this year have reached 35, which compares with 46 completed sales for the whole of 2016 – which was a record year. Also of note, sales at the very top end have occurred this year, with one completed sale over $5 million and one pending with a list price over $5 million – the first sales over $5 million since 2010.

Are you thinking about selling? Read  Which broker should I choose to sell my house?

Please contact me on 617.834.8205 or [email protected] for a free market analysis and explanation of the outstanding marketing program I offer

If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated

@OliverReports