Marblehead: Sold and For Sale by price
We know there is a chronic shortage of houses for sale generally, but the situation varies greatly by price. Look at this chart, which shows the number of homes in Marblehead sold so far in 2017 or where the sale is pending, versus the number currently available for sale:
Source: MLS, Oliver Reports
As a very rough guide, the number of sales and pending sales in early May will equal actual sales for the first half of the year.
A market is considered to be in equilibrium between buyers and sellers when the number of homes for sale equals about 6 months of sales. If that were the case in Marblehead, the two columns – for sales/pending sales and homes for sale – would be the same size.
Which they are not. At all price points up to $1 million, sales/pending sales greatly exceed supply. And at all price points above $1 million, supply greatly exceeds sales/pending sales.
One of the surprises of the market this year has been how weak demand has been for higher-priced homes. Logically, with the market so active under $1 million, and macro-economic factors – the stock market at record levels, expectations/hopes of tax cuts coming – positive, one would expect to see sellers trading up. And that is especially true in Marblehead, a town people are reluctant to leave – meaning most sellers plan to buy another house in town.
The optimistic view is that this may be a timing issue and that sales of higher priced houses will soon pick up. But clearly this is an excellent time to trade up to a higher priced home – and you don’t have to compete with 90 groups at Marblehead Open 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.
Are you thinking about selling? Read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com 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
90 Groups at Marblehead Open House
After my post last week 60 groups at Swampscott Open House for house in the $500s, this past weekend there were 90 groups at a Marblehead Open House for a house in the $600s.
If we assume 50% of the attendees at each Open House were genuine buyers, that means there are 29 buyers still looking for a house in Swampscott in the $500s and 44 in Marblehead in the $600s.
Read Sellers: now is the time to act.
Then read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com 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 Open House on Goldthwait Beach
Live the dream in Marblehead – listen to the ocean – watch the ocean – walk on the beach.
Repeat.
Open Today 12-1:30
Marblehead: what is available by price
The number of Single Family Homes (SFH) for sale in Marblehead is down by more than 25% from last year, dropping from 75 to 54. The chart below shows the supply at different price points for the last 3 years on this date:
Source: MLS
The lowest-priced home for sale is listed at $559,000 and there are just 4 homes for sale below the median price for 2016 of $620,000.
Of the 54 SFHs currently available only 20 are listed below $1 million versus 34 listed over $1 million.
As a buyer it may be worth checking out the houses that have been on the market for a while and taking another look.
Are you thinking about selling? Read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com 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
Thinking of Selling? Now Is the Time to Act
If you have been thinking about selling your home this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing.
Read Sellers: now is the time to act.
Then read Which broker should I choose to sell my house? (more…)
Is this the time to buy that Marblehead beach house?
Watch the sunrise; walk Marblehead’s longest beach; watch the ocean from the second floor office; watch the ocean, watch the ocean, watch the ocean….
Price reduction today and Open House Sunday 11:30 -1:00 at 46 Gallison Avenue.
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
Are you thinking about selling? Read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer
Marblehead home buyers gaining on sellers
On January 1 there were 51 Single Family Homes (SFH) for sale in Marblehead. Year to date there have been 35 new listings, so how many homes are for sale today? The answer is 46. Which means that 40 homes (51+35-46) this year have been sold, or are pending or have been withdrawn. Now is a great time to be a seller. (more…)
Is this Marblehead’s most expensive sale?
According to MLS, an offer has been accepted on 204 Ocean Avenue, which is listed for sale at $6.5 million.
We will not know the sale price until closing but the highest public (MLS) sale recorded in Marblehead is $5.6 million, so there is a good chance that this sale will set a new MLS record. Note, however, that there was a private sale at $6.7 million in 2008.
High End Sales
Here is a year by year list of sales since 2004. Sales in the $2 – 3 million range hit a new high of 9 in 2016, while sales above $3 million have been 3 or 4 in each of the last 5 years. Maybe 2017 will see a break out in sales over $3 million:
Source: MLS, Oliver Reports
Marblehead Oceanfront Open Houses today
All that Marblehead oceanfront living offers can be seen today.
First Open House 11:30 -1:00 at 46 Gallison Avenue
Second up, from 1:30-2:30 is 11 Crown Way. Note that the carriage house and main house may be available separately.
Are you looking to buy? With so little inventory you need an agent working on your behalf. Contact me for details of my buyer agent program.
Are you thinking about selling? Read Which broker should I choose to sell my house?
Please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer
Marblehead Million Dollar sales set new record
Sales of houses over $1 million set a new record in Marblehead in 2016. The second table shows that sales in the $2-3 million range increased sharply, but that the very top end – over $3 million – remains flat. (more…)
Marblehead: what is for sale at your price?
Five weeks into 2017 just 8 Single Family Homes(SFH) have been listed in Marblehead and 4 of those have already received offers. Click here for a full list of houses for sale while this chart shows the breakdown by price:
Source: MLS, Oliver Reports
Two spectacular Marblehead Open Houses today
Two spectacular Oceanfront Open Houses today: (more…)
Marblehead 2016 Housing market By the Numbers.
The median price for both Single Family Homes (SFH) and condos reached new highs in 2016. The median price of a SFH increased 4% to $620,000 ( click here for a detailed report ) and the median price of a condo increased 15% to $370,000, fueled by a sharp jump in sales between $350,000 and $500,000.
Source: MLS, Oliver Reports
Are you thinking of selling your home? If so please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Not sure which broker to use to sell your home? 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
6,000 sf : $50 million in New York, $3 million in Marblehead
The sale has been announced of a 6,000 sf plus a penthouse at 70 Vestry in Tribeca on the market for $50 million. Which got me thinking about a 6,000 sf plus oceanfront house 11 Crown Way for sale in Marblehead for just $3 million.
Here are photos followed by a comparison of amenities: (more…)
Marblehead house with pool AND skating rink
Only in Marblehead can you buy a house 11 Crown Way with a pool AND a skating rink*
* do not try this at home – unless you buy the home, are over 21 and sign a disclaimer with your insurance company. (more…)
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