Two Marblehead Oceanfront Open Houses
There are two Marblehead Oceanfront Open Houses today:
11:30-1:00 at 46 Gallison Avenue – and here’s the 46 Gallison video
1:30-3:00 at 11 Crown Way – and here’s the 11 Crown Way video
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
Marblehead Oceanfront: high above the Atlantic
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.
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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
Blustery day – perfect to see this house on Goldthwait Beach
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?)
followed by this (wearing a sweater today)
and then this (the sun should be back out in time for this)
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
The new owner will
Marblehead: New England’s Best-Kept Seaside Secret
“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).”
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 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
Another $5.8 million sale in Marblehead
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 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 Inventory plummets
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.
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.
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 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
The Marblehead home where summer never ends…
One week until Labor Day and the “end of summer”, but the buyer of 46 Gallison Avenue need never say good-bye to summer.
There is an Open House today 2:00-3:30, 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?
followed by this
and then this
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
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Two Marblehead Oceanfront properties below Assessed Value
Two Oceanfront homes on Marblehead’s “Unknown Oceanfront” (the stretch between the entrance to Marblehead and Beach Street where prices have been appreciating in recent years) are currently for sale at a discount to their Assessed Values.
46 Gallison Avenue is for sale at $1,595,000, below its AV of $1,718,000. There is an Open House this Sunday from 12:00-1:30.The website contains photos and a video.
11 Crown Way is for sale at $2,795,000, compared with its AV of $3,300,800. The website also contains a video. Please call Kathryn Murphy on 603.498.6817 to arrange a showing.
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
Marblehead Oceanfront Open Houses
There are two Marblehead Oceanfront Open Houses today:
12:00-1:30 at 46 Gallison Avenue – and here’s the 46 Gallison video
2:00-3:00 at 11 Crown Way – and here’s the 11 Crown Way video
Carriage House Great Room
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
Marblehead: the Perfect Place to Live and Play By the Sea
Watch this 2 minute Marblehead video sponsored by Harborside Sotheby’s International Realty.
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
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 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
Marblehead house sells for $100,000 over list price
A consistent theme of this blog over the last two years has been that the combination of strong demand, shrinking inventory and low mortgage rates would inevitably lead to higher prices. And equally inevitably, if these conditions persisted while the local economy continued to be strong, bidding wars would break out from time to time.
To see how this pressure has been building in Marblehead, where a mantra of the market for years has been “no boom, no bust”, I looked at all MLS sales of Single Family Homes over the last 18 months, as shown in this table:
Over the last 18 months, 62 homes in Marblehead have sold above list price. Homes generally sell above list price when there is more than one buyer, so another way to put this is that there have been 62 unofficial auctions in the last 18 months. I have no doubt that at some point official auctions will become an accepted part of the local landscape as they are in so many other places.
Finally, back to the house which sold this week (and so is not included in my table) for $819,000 after being listed at $719,000. I imagine that most people when reading this will assume that the bidding wars have occurred at lower priced points in general. While that is true, I did come across one house which sold for $100,000 above its $1.3 million list price and another sold for $50,000 above its $1.4 million list price.
Read Marblehead Mid_Year Report: Onwards and Upwards for more details of the market in the first half of 2017.
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
Live the Marblehead Dream in this House on the Beach: Price Reduction and Open House
Summer and it’s beach time. But if you live here you will already be ON THE BEACH. Price REDUCED $80,000 and Open House Sunday 12:00-1:30 at 46 Gallison Avenue, 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?
followed by this
and then this
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
Marblehead Oceanfront Auction: last chance to Preview
On Sunday from 2:00-3:30 there will be the last Preview (more…)
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