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Marblehead Oceanfront Open House: “Bring me an Offer”

October 15, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

Breathtaking views all the way down to the South Shore from this gracious, restored (1998-2006), 1870s oceanfront home. The open floor plan offers an easy flow for entertaining. The house sits on a private beach, high above the Atlantic, in a wonderfully protected location (no flood insurance required.) VIEWS and VIEWS and VIEWS.

Open House Sunday 12-1:30 at 11 Crown Way. And here’s a link to the Video.

Carriage house believed to be a stop on the Underground RaiIroad. Property featured by Massachusetts Historical Commission.

Listen to the sound of the ocean, while looking out over the rocks which provide a sanctuary for wildlife.

Just 13 miles north of Boston’s Logan Airport, while enjoying all the charms and delights of the “Yachting Capital of America”, and “New England’s Best-Kept Seaside Secret.” Huge price reduction allows for any further updating required.

Owner says “Bring Me An Offer.”

 

11 Crown Way

(more…)

Marblehead Q3 Housing Report: prices break through $700,000

October 15, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

The median price of a Single Family Home (SFH) exceeded $700,000 for the first time in the third quarter. YTD the median price increased 7% to a new high of $656,000. With most of Q4 sales already under agreement, it is quite likely that the median price will exceed $700,000 for the second half of the year. Sales were down slightly YTD, a consequence of the low inventory all year.

Median Price
After a sequence in which the median exceeded $600,000 in 8 of 11 Quarters, the median price broke through $700,000 in Q3.

Marblehead Housing Market (more…)

Marblehead Q3 market hits new record high

October 8, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

Here is a summary of the market in Marblehead – a full report will be published shortly. Click Marblehead_Q3_2017_summary to download a printable copy of this summary.

Single Family Homes(SFH)
The median price of a SFH exceeded $700,000 for the first time in the third quarter. YTD the median price increased 7% to a new high of $656,000. With most of Q4 sales already under agreement, it is quite likely that the median price will exceed $700,000 for the second half of the year. Sales were down slightly YTD, a consequence of the low inventory all year.
Marblehead Housing Market

Condos
Marblehead has a small condo market and one which varies from waterfront purpose-built condos to conversions of former apartments. As such, the median price can and does fluctuate. What is notable is that nearly half the sales this year to date have taken place at or above the list price.
Marblehead Housing Market

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].

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.

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

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

@OliverReports

Marblehead house on Goldthwait Beach for only $52,000*

October 7, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

Sitting directly on and at the top of the longest beach in Marblehead is 46 Gallison Avenue. Huge price reduction means the house – which was substantially rebuilt in 1997 and updated in 2016 – is now offered for a mere $52,000 more than just its assessed land value.

There is an Open House on Sunday 11:30-1:00, or call for a private showing. The website includes a video of the property – and of the views.

Can you imagine living here and waking up to this?

46 Gallison Avenue

followed by this

46 Gallison

and then this

46 Gallison

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].

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.

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

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

@OliverReports

MAKE ME AN OFFER: Marblehead Oceanfront restored home

September 30, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

Breathtaking views all the way down to the South Shore from this gracious, restored (1998-2006), 1870s oceanfront home. The open floor plan offers an easy flow for entertaining. The house sits on a private beach, high above the Atlantic, in a wonderfully protected location (no flood insurance required.) VIEWS and VIEWS and VIEWS.

Carriage house believed to be a stop on the Underground RaiIroad. Property featured by Massachusetts Historical Commission.

Listen to the sound of the ocean, while looking out over the rocks which provide a sanctuary for wildlife from sea birds to ocean wild life.

Carriage House on water’s edge believed to be a station on the Underground Railroad.

Just 13 miles north of Boston’s Logan Airport, while enjoying all the charms and delights of the “Yachting Capital of America”, and “New England’s Best-Kept Seaside Secret.” Huge price reduction allows for any further updating required.

Owner says “Bring Me An Offer.”

Open House Sunday 2-3:00 at 11 Crown Way

11 Crown Way

11 Crown Way

DCIM101MEDIADJI_0432.JPG

11 Crown Way

11 Crown Way

If you are considering selling your home please contact me on 617.834.8205 or [email protected] for a free market analysis and explanation of the outstanding marketing program I offer.

Read  Which broker should I choose to sell my house?

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

Will the median home price in Marblehead reach $700,000?

September 30, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

In 2016 the median price of the Single Family Homes (SFH) sold in Marblehead was $620,000, exceeding $600,000 for the first time. In the first half of 2017 the median price reached $628,000 and in Q3, which ended yesterday, it seems probable that the median price will top $700,000 (it would be $710,000 if the remaining sales scheduled to close this week did take place).

Does this mean that prices are booming in Marblehead? Well, first let me make this statement about statistics: Statistics can be helpful to understanding a market, but they can also be dangerous if taken out of context. Only rely upon statistics from trusted, informed sources. Be skeptical of numbers which claim to prove the writer’s theory if given without explanation.

And here is the not-legal not-small print: in Marblehead the 250 SFH sales reported each year through the MLS system constitute just 4% of the more than 6,200 SFHs in the town. Thus, in any year the sales that occur may or may not be representative of “the market” overall. Having said that, since sales so far in 2017 have taken place between $290,000 and $5.8 million, it is a reasonable assumption that the median price – for example number 51 out of 101 so that there are an equal number, 50, of sales above and below the median sale- provides a good guide to what is happening in the market.

Clearly, the larger the number of sales, the more reliable is the median price. In the entire state of Massachusetts, for example, there will be over 50,000 SFH sales this year and so the median figure for the State will be a very good indicator. And the smaller the sample, the greater the likelihood that numbers will fluctuate over shorter periods of time. One of the reasons for this fluctuation is that with a small number of sales there can be some quite large gaps in sale prices. For example, there were no sales in Marblehead in Q3 between $675,000 and $710,000. Thus, had there been just a few more sales under $675,000, the median price would drop $35,000 from the current projected level of $710,000.

I take no notice of monthly figures for median prices. In the winter the number of SFH sales in Marblehead may drop into single figures, making the median price quite meaningless.

One of my favorite reports – and one that fits in well with my Lies, Damned Lies and Statistics series – came from a broker in Watertown last year. Citing one month in the early months when the median price dropped 30% the report recommended that anybody selling in the second half of the year should expect to realize a much lower price. You know what’s coming – in Watertown in the second half of 2016 the median price jumped sharply to a new record high.

Let’s go back to Marblehead. Q3 has ended and it will take a few days for all sales to be recorded in MLS. What we do know is that, after a slow start to the year, there was a sharp pick up in Q3 in the number of sales over $1 million – including the second sale of the year at $5.8 million – and a sharp drop in sales under $500,000. I will analyze the break down of sales by price in more detail when I publish my Q3 report once all the sales are recorded.

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].

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.

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

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

@OliverReports

Huge price reduction: Marblehead house on Goldthwait Beach

September 30, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

Sitting directly on and at the top of the longest beach in Marblehead is 46 Gallison Avenue. Huge price reduction means the house – which was substantially rebuilt in 1997 and updated in 2016 – is now offered for a mere $52,000 more than just its assessed land value.

There is an Open House on Sunday 12:00-1:30, or call for a private showing. The website includes a video of the property – and of the views.

Can you imagine living here and waking up to this?

46 Gallison Avenue

followed by this

46 Gallison

and then this

46 Gallison

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].

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.

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

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

@OliverReports

Two Marblehead Oceanfront Open Houses

September 24, 2017 · by Andrew Oliver · in Luxury Property, Marblehead News

There are two Marblehead Oceanfront Open Houses today:

11:30-1:00 at 46 Gallison Avenue – and here’s the 46 Gallison video

46 Gallison Avenue

12:30-2:00 at 11 Crown Way – and here’s the 11 Crown Way video

11 Crown Way

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.

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

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

@OliverReports

“BRING ME AN OFFER” : Marblehead Oceanfront

September 23, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

Breathtaking views all the way down to the South Shore from this gracious, restored (1998-2006), 1870s oceanfront home. The open floor plan offers an easy flow for entertaining. The house sits on a private beach, high above the Atlantic, in a wonderfully protected location (no flood insurance required.) VIEWS and VIEWS and VIEWS.

Listen to the sound of the ocean, while looking out over the rocks which provide a sanctuary for wildlife from sea birds to ocean wild life.

Carriage House on water’s edge believed to be a station on the Underground Railroad.

Just 13 miles north of Boston’s Logan Airport, while enjoying all the charms and delights of the “Yachting Capital of America”, and “New England’s Best-Kept Seaside Secret.” Huge price reduction allows for any further updating required.

Owner says “Bring Me An Offer.”

Open House Sunday 12:30-2:00 at 11 Crown Way

11 Crown Way

11 Crown Way

DCIM101MEDIADJI_0432.JPG

11 Crown Way

11 Crown Way

If you are considering selling your home please contact me on 617.834.8205 or [email protected] for a free market analysis and explanation of the outstanding marketing program I offer.

Read  Which broker should I choose to sell my house?

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

Two Marblehead Oceanfront Open Houses

September 10, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

There are two Marblehead Oceanfront Open Houses today:

11:30-1:00 at 46 Gallison Avenue – and here’s the 46 Gallison video

46 Gallison Avenue

1:30-3:00 at 11 Crown Way – and here’s the 11 Crown Way video

11 Crown Way

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.

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

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

@OliverReports

Marblehead Oceanfront: high above the Atlantic

September 9, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

Restored (1998-2007) 1870s house, listed by the Massachusetts Historical Commission. Carriage house rumored to be a station on the Underground Railroad. House is extremely well-protected from nor’easters and high enough not to need flood insurance. VIEWS and VIEWS and VIEWS.

Recent $200,00 price reduction. Owner says “Bring Me An Offer.”

Open House Sunday 1:30-3:00 at 11 Crown Way.
11 Crown Way

 

11 Crown Way
11 Crown Way
11 Crown Way–

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.

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

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

@OliverReports

 

Blustery day – perfect to see this house on Goldthwait Beach

September 3, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

Many buyers of oceanfront homes expect the best days to be those of summer. But after living on the ocean for a while, owners discover that the best days are those with storms – provided, of course, the house is well protected. There is no storm forecast today, but it is blustery – enough to see the beauty and might of a lively ocean.

There is an Open House today 12:30-2:30 at 46 Gallison Avenue (the website includes a video of the property – and of the views.)

Can you imagine living here and waking up to this (well maybe not today?)
46 Gallison Avenue

followed by this (wearing a sweater today)

46 Gallison

and then this (the sun should be back out in time for this)

46 Gallison

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.

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

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

@OliverReports

 

The new owner will

Marblehead: New England’s Best-Kept Seaside Secret

September 3, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

“People come here on vacation, but I get to live here year round”, was a comment made to me by a buyer of a home in Marblehead at closing.

As the world becomes seemingly ever more hectic, so more people are discovering the charms and delights of Marblehead. Include Vogue magazine in this list following the publication of a Marblehead guide in the latest edition. Here is the first paragraph:

“Many New England folk look to Nantucket, Cape Cod, and Martha’s Vineyard for their summer weekend escapes—and with good reason. But there’s a new destination to consider if you’re on the hunt for a getaway that’s every bit as charming with a fraction of the fuss and crowds: Marblehead is a quaint seaside town just 30 minutes north of Boston that has yet to be discovered. It’s not only an idyllic beach getaway, but with its laid-back New England vibe and a history dating all the way back to the American Revolution, there’s plenty to keep you busy (but also plenty of places to hide away from it all . . . if you so choose).”

Marblehead harbor

Photo courtesy of Bart Snow

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.

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

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

@OliverReports

Another $5.8 million sale in Marblehead

September 2, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

In May, 204 Ocean Avenue sold for a MLS-record $5.8 million. This week 329 Ocean Avenue sold for the same price. These are the first sales over $5 million in Marblehead since 2010.

And this week a house was listed at a fraction under $3 million and received an offer within 2 days.

More signs that the top end of Marblehead is bursting into life.

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.

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

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

@OliverReports

Marblehead Inventory plummets

September 2, 2017 · by Andrew Oliver · in Marblehead News, Market Reports

The number of Single Family Homes (SFH) for sale in Marblehead on September 1 is 52, down by one-third from last year and by nearly a half from 2015.

Marblehead Inventory

Source: MLS, Oliver Reports

SFH Inventory by price
Not surprisingly, the biggest declines in inventory are at the lowest price levels, but there are still significant declines at virtually every price level.

Marblehead inventory

Source: MLS, Oliver Reports

Median Price
Strong demand, low mortgage rates and low supply continue to drive prices upwards. The median price of a SFH in Marblehead for the first 8 months of the year was $654,000, up 75.5% from the year 2016 figure of $620,000, the first time the median price reached $600,000. Unless and until the supply position changes, and while the economy continues to grow steadily, there is no reason to expect a change in the formula which is driving prices higher.

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.

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

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

@OliverReports

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